Avcorp Widens Working Capital Deficit, Credit Line
Credit: Avcorp / TwitterAvcorp returned to its financial sponsor in early March to significantly increase a credit line, company representatives acknowledged Mar. 31.
Carbon-Neutral Fuel Plants Planned Across Scandinavia
Credit: Liquid WindSwedish startup Liquid Wind has announced plans to build a series of commercial-scale, renewable-fuel plants across Scandinavia.
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New Stimulus Requirements Could Set High Bar For A&D Aid
Credit: Sealy jAerospace and defense manufacturers and suppliers looking to tap the U.S. government’s new coronavirus-related treasure trove of loans and guarantees will first have to show they could not find financing elsewhere, and they must not lay off more than 10% of their workforce through September.
Astronics Cutting Workforce, Tapping Financing In Wake Of COVID-19
Credit: AstronicsAstronics, the already embattled provider of aircraft seat technology and other interior products, is “adjusting its workforce” to align with a dropoff in demand due to the coronavirus and sudden economic slowdown.
CVN-71 Commander Requests Crew Quarantine Ashore
Credit: USNThe commander of the USS Theodore Roosevelt (CVN 71) has asked the head of U.S. Pacific Fleet to remove his 4,000-member crew from the aircraft carrier and send the sailors into quarantine on Guam as the novel coronavirus continues to spread on the ship.
From carbon-neutral fuel plants to U.S. Navy and Boeing's P-8A contract. A roundup of aerospace, space and defense news.