Aerospace

HÉROUX-DEVTEK received approvals from Canadian and UK governments for $1.35b sale to PLATINUM EQUITY ADVISORS (SPNWS; July 12); deal, still subject to certain closing conditions, is due to close by end of March 2025.

GKN AEROSPACE is expanding its engine component manufacturing facility in Trollhättan, Sweden by 5,000 sq meters for 2026 to support industry ramp-up.

KELLSTROM AEROSPACE has relocated its Asia-Pacific office to Singapore's Aerospace Park to provide greater opportunities to establish partnerships, drive innovation, and enhance business development initiatives in the region.

Megha Bhatia to Chief Commercial Officer, based in Melbourne, FL, of Eve Air Mobility.

BOEING is being instructed to pay $150m to EMBRAER as compensation for terminating $4.2b commercial tie-up in '20.

COLLINS is teaming with Pratt & Whitney and Delft University of Technology to collaborate on sustainable aviation research opportunities, incl advanced materials, hydrogen propulsion, advanced manufacturing and industrial design.

Embraer has revealed new details about its Energia regional aircraft concept studies.

Airbus is strengthening its presence in Africa by opening a new customer support centre in Johannesburg.

Boeing has forecast that it expects Africa’s commercial aircraft fleet to more than double by 2043.

C&L Aviation Group recently opened up a new warehouse in Johannesburg, it’s first step in Africa.

Air Traffic and Navigation Services SOC (ATNS) and Global Air Navigation Services (GANS) have signed a strategic agreement to collaborate in various areas of Air Traffic Management (ATM).

According to Raphael Haddad, president of Jetcraft Commercial, around 35% of the transactions Jetcraft has made in the last few years have ended up in Africa.

From delivery rates to junk ratings, book-to-bill ratios to engine spares, listen in to hear about the wide-ranging implications of Boeing’s machinists going on strike.

Intel's funding comes from the Biden administration’s $52.5 billion CHIPS and Science Act, which aims to revitalize American semiconductor manufacturing.

Performance goals for the next generation of aircraft will benefit from progress in measurement techniques and a drive to increase investments in test centers.

The phrase “Valley of Death” describes the stage in which startups have begun operations but don’t yet have customers, and therefore revenues.

BOEING has internally announced cost-cutting measures, including travel restrictions, supplier expenditures and possible furloughs, in response to work stoppage by machinists.

FACC announced COMPASS research project with 13 European partners for remanufacturing thermoplastic materials to produce high-quality second-life components.

FIRST AVIATION SERVICES has acquired SAINT TECHNOLOGIES, IL (manufacturer of REALLOCK lock washers).

Joby was the biggest gainer last week with a nearly 16% increase to $5.53.

The RCS seaplane operations had a shaky start.

The clear gulf dividing Europe and North America over the level and intensity of hydrogen propulsion research appears to be of growing concern to Airbus.

MD is the latest company to throw its hat into the emerging regional air mobility sector, with plans for an electric 10-seater called the MDA1.

Boom Supersonic is beginning to step up the pace of its XB-1 demonstrator flight test program following a third sortie from Mojave Air & Space Port, California.

Hon Barbara Creecy, minister of transport, Republic of South Africa has emphasised the need for a common aviation strategy in Africa.