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.
Sanad has announced the sale of 16 aircraft engines to Etihad Airways - a landmark agreement valued at approximately USD 408,387,000. (AED 1.5 billion.).
