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Magazine Issue

Aerospace Daily & Defense Report, April 28, 2022

VOL. 280 NO. 20 April 28, 2022
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Operations

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Boeing Reveals More Losses And Charges, Leaving Cash Questions

Apr 27, 2022
Boeing’s first-quarter 2022 financial results were another gusher of red ink, with the beset U.S. aerospace and defense OEM reporting new charges and negative results over most of its operations, and the company leaving investors and analysts with reasonable doubt over whether it can achieve net-positive cash flow this year.
Falcon 9
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U.S., European Astronauts Head To ISS On Crew Dragon Freedom

Apr 27, 2022
A SpaceX Falcon 9 rocket delivered a Crew Dragon capsule into orbit on April 27, sending four astronauts on their way to the International Space Station. 

Daily Briefs

In Brief

Business

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Military MRO Spending Rises, But So Do New Pressures

Apr 27, 2022
Military demand for aircraft maintenance, repair and overhaul will grow significantly over the next decade, but several factors—including galloping inflation, a scarcity of workers and shortages of key materials—are putting pressure on the supply chain, said speakers here at Aviation Week’s Military Aviation Logistics and Maintenance Symposium on April 27. 
Capella
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Capella Raises $97M For Analysis Software, Next-Gen Satellites

Apr 26, 2022
Capella Space has raised $97 million through a Series C financing round that it plans to spend on further developing its automated image analysis software and next-generation satellites.
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Lockheed Part Of Venture Investment In 3D Printing Startup X-Bow

Apr 26, 2022
Several venture capital firms and the related office at Lockheed Martin have teamed to invest $27 million in X-Bow Systems, an Albuquerque, New Mexico-based additive manufacturing startup targeting production of solid rocket energetics.
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Raytheon Addressing Supplier Weaknesses, CEO Says

Apr 26, 2022
Raytheon Technologies has shaved back its forecasted revenue for 2022, but the Super Tier 1 supplier reiterated the rest of its full-year profit guidance, illustrating how the wider Western aerospace and defense industry continues to encounter headwinds in its recovery from the COVID-19 pandemic, but not enough to derail momentum.

Funding & Policy

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NGAD To Cost ‘Multiple Hundreds of Millions’ Each

Apr 27, 2022
The U.S. Air Force expects its future Next Generation Air Dominance sixth-generation aircraft to cost multiple hundreds of millions per copy, and the service is already expecting cost offsets to come with open systems architecture and other components that are government and not contractor owned.
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U.S. Navy Eyes International Pilot, Maintainer Training Center

Apr 27, 2022
A U.S. Navy proposal now under review would establish a dedicated training center for aircraft pilots and maintainers in foreign militaries, a service official said at Aviation Week’s Military Aviation Logistics and Maintenance Symposium here on April 27.
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U.S., Allies Commit To Long-Term Plans For Ukraine Aid

Apr 26, 2022
A meeting of more than 40 nations aimed at providing military support to Ukraine will become a regular event as the countries plan to both bolster Kyiv’s defense stocks and strengthen the global industrial base to meet a growing need for materiel.

Programs

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DARPA Launches Liberty Lifter Seaplane Design Study

Apr 26, 2022
DARPA is seeking concepts and preliminary design proposals for a low-cost, wing-in-ground effect seaplane that, if taken to the next stage, could lead to the development of a full-scale X-Plane version.
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U.S. Air Force To Buy Boeing E-7s For AWACS

Apr 26, 2022
The U.S. Air Force will buy Boeing E-7A Wedgetails to replace part of its E-3 Sentry Airborne Warning and Control System fleet after months of speculation, with a prototype expected to be delivered in 2027.

Leader Spotlight

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Leader Spotlight: Kelle Wendling, president, L3Harris Space Systems

Apr 26, 2022
Kelle Wendling is the president of Space Systems at L3 Harris Technologies.