The imminent departure of CAE CFO Sonya Branco follows other recent sub-CEO management changes at the Montreal company, including the appointment of a new COO.
The FAA on July 25 said there were no public safety issues associated with the failure of a SpaceX Falcon 9 rocket two weeks ago, clearing the company to resume flights.
DEUTSCHE AIRCRAFT commenced construction of first D328eco test aircraft (TAC 1) by starting work on extension of a D328 fuselage that will seat 40 pax; program has also secured contracts with supplier for >95% of required work.
HONEYWELL was selected by Electra.aero to supply flight control computers and electromechanical actuation systems for its 9-pax hybrid-electric eSTOL aircraft. Additionally, Honeywell made a strategic financial investment in Electra.
AURA AERO plans in late 2024 to open 10,000 sq ft facility in Embry-Riddle Aeronautical University’s research park in Florida to host electric aircraft development activities for trainer aircraft as well as the completion and delivery center of the INTEGRAL family aircraft. It later plans to build a 500,000 sq ft manufacturing plant in Florida for the 19-seat ERA.
PRATT & WHITNEY earned $542m on $6.8b sales in 2Q24 vs $230m on $5.7b in 2Q23. It delivered 747 engines (236 large commercial; 37 military; and 474 PW&C) vs 772 (191 large commercial; 74 military; and 507 PW&C) a year ago.
COLLINS AEROSPACE earned $1.1b on $7b sales in 2Q24 vs $899m on $6.4b in 2Q23; increase in sales was driven by a 12% increase in commercial aftermarket, a 10% increase in commercial OE, and a 7% increase in defense.