The FAA has issued its regulation on powered-lift operations and pilot certification, a milestone that paves the way for the onset of eVTOL services in the U.S.
NATILUS, CA debuted 200-pax Horizon blended-wing-body commercial aircraft, designed to emit 50% less emissions and burn 30% less fuel than traditional tube-and-wing aircraft, for initial delivery/transatlantic services in early 2030s.
COLLINS AEROSPACE is investing $2m to expand its executive aircraft seating facility in Medley, FL to double upholstery production floor space to 30,000 sq ft and add new machining equipment to provide customization opps.
BOEING posted $6.2b net loss on $17.8b revenues in 3Q24 vs $1.6b loss on $18.1b in 3Q23, reflecting IAM work stoppage and previously announced charges on commercial (777X/767) and defense (T-7A, KC-46A, Commercial Crew, and MQ-25) programs; it ended quarter with $511b backlog vs $520b on Jan 1. It reinforced importance of fundamentally changing culture, stabilizing business, and improving program execution to set foundation for future of the company.
During an earnings call, Hexcel’s management highlighted “new challenges and shortages” in the supply chain that are adversely affecting production rates.
GE AEROSPACE earned $1.8b on $9.8b revenues in 3Q24 vs $1.6b on $9.3b in 3Q23; Commercial Engines & Services orders rose 29% to $9.8b. It delivered 501 commercial engines (365 LEAPs) during quarter vs 520 (389) a year ago.
QUANTUM CONTROL (CAMP Systems) and CORRIDOR launched AI-based SalesEdge Quoting automated parts pricing tool that simplifies quoting process by consolidating RFQs from multiple marketplaces, emails, and manual entries.
PRATT & WHITNEY earned $557m on $7.2b sales in 3Q24 vs $2.5b loss on $926m in 3Q23, which included charge related to previously announced GTF powder metal matter that reduced sales by $5.4b and operating profit by $2.9b. It delivered 807 engines (252 large commercial/521 P&W Canada/34 military) in 3Q24 vs 816 (261/500/55) a year ago.
COLLINS AEROSPACE earned $1.1b on $7.1b sales in 3Q24 vs $903m on $6.6b in 3Q23; increase in sales was driven by 14% increase in defense and 9% increase in commercial aftermarket, partially offset by 8% decrease in commercial OE.
