SpeedNews

ITP AERO agreed to acquire majority stake in Dallas-based BP AERO (engine aftermarket services) as part of its overall MRO strategy and development of aftermarket capabilities in some of the more important current engine platforms.

NORDIC DINO expects the global aircraft exterior cleaning services market will grow 7.5% per year to $2.06b by 2030.

AAR was extended by MTU Maintenance to continue to supply used serviceable material (USM) for PW2000 engines.

Shane King to Executive Vice President & Managing Director of STS Aviation Services-North America, FL.

Daniel Burgess to Executive Vice President & Managing Director of STS Aviation Services-Mobile Solutions, FL.

EMBRAER signed Pool Program agreement with Royal Jordanian to provide component support for eight E2-Jets.

LUFTHANSA TECHNIK has Braathens Regional Aircraft contract to provide Total Component Support for its A320 Family aircraft; 5-year contract also covers ARC (Airframe Related Components) services on demand.

LOCKHEED MARTIN had $1.7b net income on $16.9b sales in 3Q23 vs $1.8b on $16.6b in 3Q22; it has $156b backlog. It delivered 30 F-35s, one F-16, seven C-130Js and seven helicopters vs 27 F-35s, seven C-130Js and 20 helicopters.

CZECH REPUBLIC plans to acquire two C-390s from Embraer, pending negotiations.