SpeedNews

LOCKHEED MARTIN had $1.5b net income on $17.2b sales in 1Q24 vs $1.7b on $15.1b in 1Q23; Aeronautics earned $679m on $6.8b vs $675m on $6.3b. It delivered three F-16s and four C-130Js vs five F-35s, an F-16 and two C-130Js.

JETHOUSE launched VIP charter operations out of Brussels with a Falcon 7X under Maltese registry.

TEXTRON AVIATION delivered first two of 64 King Air 260 Multi-Engine Training System (METS) aircraft to US NAVY.

SAFRAN AIRCRAFT ENGINE SERVICES MOROCCO (joint venture between Safran and Royal Air Maroc) is expanding its Nouaceur plant in Casablanca by 2,000 sq meters to increase annual CFM56 shop visits from 70 to 100 by 2026.

DAHER delivered its first new Kodiak 100 Series III utility aircraft in Poland; RHEINLAND AIR SERVICE is distributor.

AEROMECH is developing RVSM STC for Piper M700 Fury to operate at FL 300; it will also be offered as factory option.

IADA reports its accredited dealers completed 253 resale transactions in 1Q24 vs 239 in 1Q23.