SpeedNews

MAGELLAN AEROSPACE had C$3.9m net income on C$223m revenues in 1Q23 vs C$2m loss on C$188m in 1Q22.
Aerospace

TRANSDIGM completed acquisition of CALSPAN, Buffalo, NY (engineered testing/technology development) for $725m.
Aerospace

Morven McCrindle to Chief Commercial Officer of JET Infrastructure, Denver; Jeff Ameiorsano was promoted to Chief Operating Officer.
Aerospace

EMBRAER and FINEP agreed to develop platforms to demonstrate new aeronautical technologies.
Aerospace

VSE CORPORATION agreed to sell its Federal and Defense segment to BERNHARD CAPITAL PARTNERS for up to $100m.
Aerospace

HOWMET AEROSPACE had $148m net income on $1.6b sales in 1Q23 vs $131m on $1.3b in 1Q22.
Aerospace

LILIUM announced capital raise for up to $250m, with $100m funded at close, to continue development of its Lilium Jet at full pace.
Aerospace