Morgan Stanley has significantly reduced its forecast for the urban air mobility (UAM) market by 2040 and now expects regulatory hurdles to result in a substantially slower ramp-up in commercial services than anticipated.

Startup Wright Electric has begun testing the megawatt-scale power inverter that is a key building block in development of the electric propulsion system for its planned single-aisle airliner.

Scottish fuel-cell specialist Hy-Hybrid Energy is working with an undisclosed partner on a hybrid-electric propulsion system for aircraft that combines a gas turbine with a battery and a solid oxide fuel cell (SOFC) that operates on jet fuel.

ZeroAvia’s plans to demonstrate long-distance hydrogen fuel cell-powered flight have been set back after its demonstrator aircraft was involved in a landing accident.

The VC-25B program took a $318 million write-off in the first quarter of 2021 because of supplier challenges related to the spread of the novel coronavirus, according to Boeing.

April is a stormy month in the Western world, and in aerospace and defense, it lived up to its reputation with the winds of change blowing through the C-suites of industry.

Depressed commercial aerospace returns still could not dampen earnings or sentiments at Raytheon Technologies after the company April 27 reported its mildly better-than-expected financial results for the first quarter of 2021.

Germany’s Wingcopter on April 27 introduced the Wingcopter 198, a triple-drop delivery drone that is undergoing the FAA type-certification process in the U.S., the manufacturer said.