Aerospace

Constantino Malatesta to interim Chief Financial Officer of CAE, Montreal; Sonya Branco is stepping down at end of August.

L3HARRIS COMMUNICATION SYSTEMS earned $329m on $1.35b sales in 2Q24 vs $325m on $1.29b in 2Q23.

DE HAVILLAND CANADA and PAL AEROSPACE signed MOU to jointly develop new innovations for Dash 8-400, including LEO inflight connectivity and conversion to combi configuration, for PAL's fleet and third party operators.

VERTICAL AEROSPACE, UK completed first tethered piloted flight of its VX4 prototype eVTOL; next phase of testing will include thrustborne flight testing whereby aircraft will takeoff/land vertically and conduct low speed flight manoeuvres.

CASTLE PRECISION ENGINEERING has £85m Rolls-Royce contract to supply precision-machined rotating parts.

ZEROAVIA booked order from Edinburgh-based Ecojet to supply 22 ZA2000 hydrogen-electric engines, plus 40 options, for retrofit on its regional turboprop fleet (TBD). Ecojet plans to launch in late 2024 with conventionally powered aircraft.

Electric seaglider startup Regent Craft announced the opening of a new government affairs office in Washington, D.C.

Vertical Aerospace has completed initial tethered hover flights with its recently unveiled next-generation VX4 eVTOL prototype.

This follows the FAA’s decision to permit Falcon 9 launches to resume after a July 11 second-stage launch failure.

The decision follows the recovery of a piece of Dragon debris in Australia in 2022.

The imminent departure of CAE CFO Sonya Branco follows other recent sub-CEO management changes at the Montreal company, including the appointment of a new COO.

During the World Defense Show 2024 in Riyadh, Boeing’s president for Saudi Arabia, Asaad Aljomoai, announced that a formal application had been submitted to sight the company’s Middle East headquarters in the Kingdom.

The FAA on July 25 said there were no public safety issues associated with the failure of a SpaceX Falcon 9 rocket two weeks ago, clearing the company to resume flights.

The new advanced air mobility forecast from Aviation Week is the first major industry outlook in over a year.

Suppliers no longer trust Airbus and Boeing production forecasts and believe ramp-ups could be significantly delayed.

EAA AirVenture ’24 was filled with aircraft debuts, technology advancements, flying and commemorating milestones.

DEUTSCHE AIRCRAFT commenced construction of first D328eco test aircraft (TAC 1) by starting work on extension of a D328 fuselage that will seat 40 pax; program has also secured contracts with supplier for >95% of required work.

APiJET secured agreement from Frontier Airlines to test its Digital Winglets real-time flight route optimization solution.

AAR signed multiple additional military/commercial distribution agreements with Ontic

AURA AERO plans in late 2024 to open 10,000 sq ft facility in Embry-Riddle Aeronautical University’s research park in Florida to host electric aircraft development activities for trainer aircraft as well as the completion and delivery center of the INTEGRAL family aircraft. It later plans to build a 500,000 sq ft manufacturing plant in Florida for the 19-seat ERA.

VIASAT, CA was selected by LOT to provide Ka-band inflight connectivity solution for its 15 787s starting in 2026.

HONEYWELL was selected by Electra.aero to supply flight control computers and electromechanical actuation systems for its 9-pax hybrid-electric eSTOL aircraft. Additionally, Honeywell made a strategic financial investment in Electra.

ALTA added GA Telesis as new affiliate member.

HONEYWELL AEROSPACE earned $1.1b on $3.9b sales in 2Q24 vs $930m on $3.3b in 2Q23; aftermarket rose 17%.

PRATT & WHITNEY earned $542m on $6.8b sales in 2Q24 vs $230m on $5.7b in 2Q23. It delivered 747 engines (236 large commercial; 37 military; and 474 PW&C) vs 772 (191 large commercial; 74 military; and 507 PW&C) a year ago.