Aerospace

HEXCEL had $38.7m net income on $419.5m sales in 3Q23 vs $26.8m of $364.7m in 3Q22; commercial aerospace sales rose 20.5% to $251.9m, driven by A350 and 787 programs with total narrowbody sales unchanged from 3Q22.

Europe’s space workforce grew by 8.2% in 2022 over the prior year, the Space Foundation says in a quarterly report on the state of the space industry.

GRIFFIN GLOBAL ASSET MANAGEMENT and BAIN CAPITAL SPECIAL SITUATIONS agreed to acquire pool of 17 Trent engines, to be owned by newly formed standalone entity, for use as spares for Rolls-Royce global customer base.

SITA was selected by Azul to supply eWAS and OptiClimb solutions for trial.

EFW was selected by Iberia to supply lightweight Airbus Airspace L Bins for retrofit on its A320s starting in early 2025.

SKYTRAC was selected by Canada's Carson Air to supply Iridium Certus SDL-350 satellite system for its King Air 360s.

JETTAINER extended its ULD management contract with ITA Airways.

CAE agreed to sell its Healthcare business for enterprise value of C$311m.

GE AEROSPACE earned $1.7b on $8.4b revenues in 3Q23 vs $1.3b on $6.7b in 3Q22, delivering double-digit growth in orders; spin-off of company is planned in 2Q24. It delivered 520 commercial engines (389 LEAPs) vs 489 (347) a year ago.

PRATT & WHITNEY lost $2.5b on $926m sales in 3Q23 vs $316m profit on $5.4b in 3Q22; drop in sales included the impact of a charge related to the powder metal matter of $5.4b, with remaining change driven by increases of 25% in commercial OE and 21% in commercial aftermarket. It delivered 261 large commercial engines in 3Q23 vs 192 in 3Q22.

COLLINS AEROSPACE earned $903m on $6.6b sales in 3Q23 vs $742m on $5.7b in 3Q22; profit included a $57m charge related to a litigation matter and a $83m related to restructuring and other significant and/or non-recurring items.

General Electric (GE) had a strong third quarter that exceeded Wall Street expectations with its aerospace business benefiting from robust aftermarket demand.

Russian officials admitted to Aviation Week that they were using remains from a U.S. Air Force F-117 shot down during the 1999 Kosovo campaign to improve the ability of their air defense systems to detect and kill stealth aircraft.

Guy Norris, Senior Editor at Aviation Week Network, outlines the features of Rolls-Royce's permanent magnet radial flux motor on display at NBAA-BACE 2023.

The company is developing a large spacecraft to transport, host, refuel and provide data and other services for multiple payloads.

Limited performance and questions of safety could restrict the vehicle to the Chinese market.

Aging fleets and regional instability are making Gulf Cooperation Council member countries prime marketing opportunities for airlifter OEMs.

Axiom Space is nearing completion of its Hab One pressure vessel.

AIRBUS launched production of A350F at AIRBUS AEROSTRUCTURES and PREMIUM AEROTEC with initial components at Bremen and Varel; detailed parts and subassemblies for sections 13/14 will be delivered to Nordeham for assembly.

THOMPSON AERO SEATING opened £7.5m dynamic test facility at Banbridge, County Down to certify new products.

AIRCRAFT SPRUCE and AERO PERFORMANCE were appointed by ACR Electronics as distributors of its ARTEX ELT.

WESTAR AVIATION SERVICES and Riyadh-based MUKAMALAH AVIATION signed MOU to form partnership to provide aviation-related services in Saudi Arabia, including charter/wet-leasing, MRO, SAR, materials, engineering and GSE.

WISK AERO completed flight test program of its autonomous eVTOL air taxi at Long Beach Airport (Southern California).

SIA ENGINEERING completed acquisition of 10% of JAMCO's 50% shareholding in JAMCO AERO DESIGN & ENGINEERING (JADE) for US$915,200; it is now majority stakeholder at 55%, with JAMCO Corp holding 40% and JAMCO America 5%.

UNIVERSAL AVIONICS was selected by De Havilland Canada as lead supplier of integrated flight decks for CL-215T and CL-415 firefighting aircraft