Aerospace

BOEING delivered 14 aircraft (nine 737 MAXs; 767; four 787s) in October vs 34 (737-800A; 18 737 MAXs; six 767s; three 777Fs; six 787s) in Oct 2023; it has now delivered 305 aircraft in 2024 vs 405 in January-Oct 2023. It also booked orders from two unidentified customers for six 737 MAXs and seven 777Fs, increasing its running total for 2024 to 378 vs 971.

PANASONIC AVIONICS was selected by Riyadh Air to supply Astrova IFE system for 72 787s on order/option.

ELECTRA.AERO, VA has NASA contract, under AACES 2050 initiative, to develop key technologies and aircraft concepts for next-gen, environmentally sustainable commercial airliners for potential EIS in mid-century.

BOEING (2024 WACF) forecasts delivery of 2,845 freighters (1,005 new/1,840 converted) over next 20 years to satisfy 4.1% annual traffic growth (CAGR), increasing global fleet from 2,340 aircraft in 2023 to 3,900 by 2043 (SPNWS; July 26).

AERO ACCESSORIES & REPAIR acquired AIRGROUP AMERICA, PA (parts distributor specializing in bearings).

VERTICAL AEROSPACE began untethered, piloted thrustborne testing of its full scale VX4 eVTOL prototype.

NEXT LEVEL AVIATION, FL was selected by Honeywell as Channel Partner for global distribution of parts/USM (includes access to repair stations).

GE AEROSPACE has Royal Jordanian order to supply GEnx-1Bs for nine 787-9s on order; deal includes TrueChoice.

SPIRIT AEROSYSTEMS secured commitment from Boeing to receive up to $350m in advance payments to produce at required rates; it must repay 25% of the advance on April 30, 2026; June 30, 2026; Sept 30, 2026; and Dec 31, 2026.

Ilia Kostov to Chief Executive Officer of Comply365 (Insight Partners/Liberty Hall Capital Partners).

TRIUMPH GROUP had $11.9m net income on $287.5m sales in second quarter ended Sep 30 vs $1.3m loss on $285m a year ago. OEM revenues dropped 4.5% to $183m (Interiors sales up 6%); Aftermarket revenue rose 12.7% to $94m.

ELLIOTT INVESTMENT MANAGEMENT disclosed that it has invested >$5b into HONEYWELL and announced that it is urging Honeywell management to pursue separating its Aerospace and Automation businesses to realized its full potential.

HÉROUX-DEVTEK had C$10m net income on C$173m sales in second quarter ended Sep 30 vs C$4.6m on C$141.5m a year ago; civil sales were up 25.2% to C$130m, driven by increased deliveries for Boeing 777 and Embraer E2 programs.

BRANFORD CASTLE has acquired TESTEK SOLUTIONS, Wixom, MI (aircraft component testing equipment).

AAR was selected by Chromalloy as exclusive global distributor of its PMA parts for CF6-80C2 HPT Stage 1/Stage 2 blades under initial 3-year term.