Embraer has agreed to sell its Evora site in Portugal to Spanish aerostructures specialist Aernnova for $172 million in the hope that the facility can attract business from other aircraft manufacturers while reducing Embraer’s exposure in aircraft components.

Airbus is keeping a close eye on the COVID-19 situation in China’s Tianjin, home to the airframer’s only final assembly line in Asia, after authorities ordered a partial lockdown of the city in response to the detection of 40 cases linked to the omicron variant.

Share prices of publicly traded A&D companies in 2021 were up from catastrophic 2020, but still down from pre-pandemic heights.

Eaton, a mid-tier aerospace and defense supplier, has acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets.

The lobbying association for the French aerospace industry, GIFAS, says its members may need to hire up to 15,000 after a period of job cuts.

Saudi Arabia’s Power for Defense Technologies Company (PDTC), has signed an agreement with Navratana Defense PSU, Bharat Electronics Limited (BEL) India, to bring India and Saudi Arabia closer through the promotion of defence and aerospace technologies.

Airbus has unveiled Airbus Atlantic, a wholly owned subsidiary that starts off as the No. 2 aerostructures provider in the Western business world as measured by annual sales.

SAL Saudi Logistics Services has launched the extension of its new Jeddah Station.