Aerospace composite provider Hexcel on April 20 scrapped its guidance for 2020 with its financial outlook marred by declining production rates at OEM customers making large commercial aircraft (LCA).
Airbus’ A321XLR long-range, single-aisle program is gathering momentum as the first examples of some specific components are being produced, suppliers are being chosen and detailed design activities are proceeding, according to the airframer.
The U.S. Treasury Department has disbursed an initial round of financial aid to passenger airlines worth $2.9 billion, as a deal was finalized with six large carriers over terms related to payroll assistance under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
North American companies involved in building and operating small drones are proposing systems that could potentially be used in battling the COVID-19 pandemic.
Air Canada will suspend its limited transborder flying on April 26, citing the extension of coronavirus-related joint travel restrictions put in place by Canada and the U.S., and reduced demand for repatriating Canadians.
Lockheed Martin proved April 21 why its is probably the best-positioned company in aerospace and defense to ride out the novel coronavirus outbreak, with the company reporting consensus-beating first-quarter financial results and a positive forecast for 2020.
