PRATT & WHITNEY earned $230m on $5.7b sales in 2Q23 vs $302m on $5b in 2Q22. It delivered 772 engines (191 large commercial; 74 military; and 507 PW&C) vs 698 (177 large commercial; 62 military; and 459 PW&C) a year ago and says it anticipates a significant portion of the PW1100G-JM fleet will require accelerated removals/inspections by mid-'24.
COLLINS AEROSPACE earned $821m on $5.9b sales in 2Q23 vs $546m on $5b in 2Q22; increase in sales was driven by 29% y-o-y increase in commercial aftermarket, a 14% increase in commercial OE, and a 5% increase in military.
GE AEROSPACE earned $1.5b on $7.9b revenues in 2Q23 vs $1.1b on $6.1b in 2Q22; it delivered 543 commercial engines (419 LEAPs) and 228 military engines vs 355 commercial engines (226 LEAPs) and 131 military a year ago.
IRIDIUM introduced Certus inflight connectivity service (uses L-band satellite frequencies) as complement to Ka/Ku band services for commercial aircraft pax cabin connectivity and as primary service for small-to-mid-size business jets.
SAFRAN agreed to acquire Collins Aerospace's actuation and flight control activities for cash based on $1.8b enterprise value; business has eight facilities in Europe (France/UK/Italy) and Asia and includes MRO and engineering capabilities.
