Digital twins offer virtual replicas of real systems, when paired with AI, these twins become intelligent, predicting outcomes & making adjustments autonomously.
PRECINMAC, ME was acquired by CENTERBRIDGE PARTNERS. It supplies complex precision components for mission-critical applications in aerospace, defense, space, semiconductor and other high-requirements end markets.
AVIATION WEEK NETWORK forecasts worldwide delivery of >21,900 new commercial aircraft (43,958 engines) over the next 10 years, increasing fleet by 3.1% per year to 44,600 aircraft by 2034; global MRO demand is valued at $1,388b.
BRITTEN-NORMAN secured significant capital injection from Northern Ireland-based BEECHLANDS ENTERPRISES, completing its second funding round to accelerate production of Islander aircraft and grow its aftermarket business.
BOEING expects on Oct 23 to report 3Q24 revenues of $17.8b (vs $18.1b in 3Q23), GAAP loss per share of $9.97, and operating cash flow of -$1.3b; cash and investments in marketable securities totaled $10.5b at the end of the quarter. COMMERCIAL AIRPLANES expects to recognize pre-tax earnings charges of $3b on the 777X and 767 programs; and BDS expects to recognize pre-tax earnings charges of $2b on the T-7A, KC-46A, Commercial Crew, and MQ-25 programs.
BOEING announced plans to position itself for the future amid challenges faced from underperformance and IAM strike: It is reducing its total workforce by 10%, including executives, managers and employees, and as such will be terminating the next cycle of furloughs; delaying the 777X program and now expects delivery of first 777-9 in 2026 and 777-8F in 2028; concluding production of 767F in 2027, but continue production of 767-2Cs (KC-46As); and looking to improve its BDS business (details TBA) as performance on fixed-price development programs is simply not where it needs to be.
The full potential for African airports to unlock substantial economic growth and boost employment remains untapped, according to industry leaders who spoke on the airports panel on September 16.
EMBRAER received FAA certification for E190F (E-Freighter) conversion program and aircraft's cargo loading system, supplied by US CARGO SYSTEMS, NC; prototype (360; ex-Avianca) is owned by REGIONAL ONE (operator TBA).
EMBRAER, MCTI and FINEP announced US$23m federal research project in Brazil to develop sustainable aircraft technologies, prioritizing (1) technologies for the design and production of aerodynamical and structural high-efficiency composite wings and (2) feasibility of technologies or autonomous systems that focus on safety and pilot workloads.
Africa’s commercial air transport leaders gathered in Johannesburg in mid-September at the eighth Aviation Africa Summit and Exhibition, organised by Times Aerospace Events and sponsored by the South African Civil Aviation Authority.
