Five people were killed and one was seriously injured after a HondaJet HA-420 light business jet crashed during an aborted takeoff Nov. 5 in Mesa, Arizona.
MERCURY SYSTEMS repored first quarter fiscal 2025 (ended Sept. 27) revenues of $204.4m, compared to $181m in the prior-year period. Total bookings were $247.7m, for a book-to-bill ratio of 1.21 for the quarter.
Howmet Aerospace’s revenue and net income both grew at a steady clip in the third quarter thanks to strong demand for engines and within the aftermarket.
Military spending rose 14% over President Biden’s four-year term to $841.4 billion in the fiscal 2024 appropriations bill signed into law last December.
Amid the fallout from Lilium’s filing for insolvency, attention is turning to a comparatively little-noticed aspect of the advanced air mobility industry.