Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.

A prototype of Russia’s new Irkut MC-21-300 narrowbody passenger aircraft skidded off the runway at Zhukovsky Airport near Moscow on Jan. 18.

The LauncherOne rocket reached space for the first time on Jan. 17, carrying 10 small satellites to orbit.

The Scottish regional carrier plans to use a new contract to provide air services for one of the UK’s most remote island groups as the setting for the introduction of sustainably powered aircraft.

A recovery is expected to start this year but the French aerospace industry is still in the middle of its endeavor to save jobs and skills, showing solidarity and exploiting state aid programs.

Rolls-Royce is indicating development of its next-generation UltraFan engine could be temporarily put on ice following completion of the on-going…

The publicly traded aerospace and defense (A&D) sector saw its share prices fall 16% collectively in 2020, with commercial aerospace companies plummeting 21% and defense companies dropping 8%, according to Vertical Research Partners.

The U.S. Commerce Department on Dec. 18 added 77 mostly Chinese companies, including small drone manufacturer DJI, to its Entity List of companies subject to export restrictions “for actions deemed contrary” to U.S. interests.