SpeedNews

NEWBOW AEROSPACE, UK has secured approved suppler status from Boeing for aviation ground support systems and tire pressure gauges.

JETAIRE was selected by Canadian North/Nolinor to supply its INVICTA by Jetaire ignition mitigation system for 737s that complies with FAA AD.

IAM agreed with Boeing to push back start of formal negotiations for new contract to early March due to NTSB investigation on 737-9 door plug.

PRATT & WHITNEY earned $382m on $6.4b sales in 4Q23 vs $306m on $5.7b in 4Q22; and lost $1.5b (includes $2.9b in charges taken in 3Q23 related to GTF power metal issue) on $18b in 2023 vs $1.1b profit on $20.5b in 2022. It delivered 3,144 engines (875 large commercial/2,063 P&WC) in 2023 vs 2,896 (712/1,965) in '22; orders were not disclosed.

COLLINS earned $1.1b on $7.1b sales in 4Q23 vs $843m on $6.2b in 4Q22; and $3.8b on $26b in 2023 vs $2.8b on $23b in 2022.

SKYBORNE AIRLINE ACADEMY signed LOI to order 30 eFlyer trainers, increasing commitment to 40, from BYE AEROSPACE, which now has commitments for 889 eFlyers valued at $570m and total aviation line orderbook of >$1.4b.

ELECTRA.AERO, VA has now secured pre-order sales of >2,000 eSTOL aircraft (with market value exceeding $8b) after receiving LOIs from JETSETGO AVIATION SERVICES, India, LYGG, Finland and CHARM AVIATION, NYC.

LIEBHERR-AEROSPACE TOULOUSE and ISAE-SUPAERO teamed to establish in industrial chair, co-financed by the French National Research Agency, to develop methods and tools for design of aerodynamic turbomachine wheels.

GE AEROSPACE earned $1.6b on $8.5b revenues in 4Q23 vs $1.4b on $7.6b in 4Q22; and $6.1b on $32b in 2023 vs $4.8b on $26b in 2022. It delivered 2,075 commercial (1,570 LEAPs)/556 military engines in 2023 vs 1,663 (1,136)/632 in 2022 and booked orders for 3,827 commercial (2,508 LEAPs)/731 military engines vs 2,127 (1,515)/532 a year ago.

BELCAN opened aerospace-focused Technology & Innovation Center in Bangalore, India to develop digital solutions.