SAFRAN had €1.5b net income on €13b revenues in 1H2423 vs €1.1b on €10.9b in 1H23. Aerospace Propulsion earned €1.3b on 14% higher revenues rose 14% and and Aircraft Interiors earned €10m on 26.6% higher revenues.
ROLLS-ROYCE CIVIL AEROSPACE earned £740 in 1H24 (vs £405m in 1H23) on 26% higher revenues; it delivered 236 engines (120 large) in 1H24 vs 188 in 1H23 and completed 624 LTSA shop visits (394 major) vs 591 (331) a year ago.
Leonardo Helicopters has begun ground runs of its Next-Generation Civil Tiltrotor Technology Demonstrator ahead of its first flight, planned before year-end,
Boeing is anticipating certification of all three in-development aircraft by the end of 2025 and expressing confidence in near-term production-ramp estimates.
Boeing CFO Brian West indicated that the troubled airframer and large defense prime will see another year full of red ink when 2024 results are reported.
BOEING reactivated third 737 MAX assembly line at Renton, and is now producing about 25 aircraft per month, citing receipt of clean fuselages from SPIRIT. It still has 90 pre-built 737-8s (mostly for China/India) and 25 787s being reworkes, of which most are expected to be delivered by end 2024 in order to close its shadow factories by end of year.
DAE had $154.3m pretax profit on $679.2m revenues in 1H24 vs $150.4m on $670.1m in 1H23; its orderbook positions are placed until 2Q26. DAE ENGINEERING posted a 33% increase in revenues (performed 162 maintenance checks).
