TRIUMPH GROUP had $11.9m net income on $287.5m sales in second quarter ended Sep 30 vs $1.3m loss on $285m a year ago. OEM revenues dropped 4.5% to $183m (Interiors sales up 6%); Aftermarket revenue rose 12.7% to $94m.
SPIRIT AEROSYSTEMS secured commitment from Boeing to receive up to $350m in advance payments to produce at required rates; it must repay 25% of the advance on April 30, 2026; June 30, 2026; Sept 30, 2026; and Dec 31, 2026.
Vertical Aerospace unveiled its Flightpath 2030 strategic plan, spelling out an ambitious set of goals related to production, finances and tech development.
Emirates Transport (ET), a provider of sustainable mobility solutions in the UAE, will be the Official VIP Transportation Sponsor at Air Expo Abu Dhabi.
EXOSONIC, Southern California announced it is shutting down after failing to secure funding required for development of supersonic aircraft (Horizon airliner and UAVs for US DOD); it is now offering its intellectual property (IP) for sale.
AVIATION WEEK announced winners of 67th Annual Laureate Awards in Commercial Aviation: Airbus A321XLR, Embry-Riddle Safety Center, NASA Electric Aircraft Testbed, SAS's Anko van der Werff and WestJet's Alexis von Hoensbroech.
VOLTAERO inaugurated its 2,400 sq meter final assembly/headquarters facility in Nouvelle-Aquitaine, France to serve as primary hub to produce Cassio family of electric-hybrid aircraft (sized for 150 per year at full rate).
A growing assortment of startups are exploring smaller-scale hydrogen projects with hopes to scale up over time to eventually meet the needs of the mass market.
Embraer’s decision to reduce its guidance for commercial aircraft output is a setback for its efforts to move annual deliveries well past 100 aircraft.
