Textron Aviation Machinists Avoid Strike, Accept New Labor Contract
Textron Aviation avoided a strike by its hourly workforce when members of the International Association of Machinists and Aerospace Workers accepted the company’s final offer of a new four-year labor contract on Sept. 19.
The FAA has announced its policy for approving drone designs as a special class of aircraft. Published on Sept. 18 in the Federal Register, the policy statement confirms a notice the agency released in February.
Daher has rolled out the 1,000th TBM turboprop from its final assembly line in Tarbes, France. The aircraft, a TBM 940, will be delivered to U.S. owner and operator James Hislop, an investment banker. Hislop is the co-founder and managing director of two private equity investment firms.
Aero Engine Parts Provider Whitcraft Auctions New Factory Equipment
Just months after buying the factories as part of a prepandemic acquisition spree, Connecticut-based aero engine supplier Whitcraft Group is auctioning several plants across the U.S. next month as part of a retrenchment effort.