Aerospace

Diamond Aircraft completed the first flight of its eDA40 electric training aircraft from Weiner Neustadt, Austria, on July 20.

Final trials before the inaugural flight of the Ariane 6 launcher saw ESA engineers perform an extensive assessment with the combined test model.

U.S. startup Electra.aero has secured an investment from Statkraft Ventures, a fund that specializes in energy transition and clean technology.

Next-generation fighters will be available when Australia searches for a replacement for a squadron of Boeing F/A-18E/Fs in the mid-2030s.

If even Emirates is no longer interested in the -8, shouldn’t Boeing drop it?

A long-known V-22 gearbox flaw caused the accident, the investigation found.

CFM opens up on RISE testing while Pratt & Whitney explores a sustainable GTF growth path through an MTU-led Clean Aviation Switch research initiative.

Colorado-based vertical-takeoff-and-landing (VTOL) startup XTI Aircraft has announced a reverse merger with real-time location services provider Inpixon.

NASA and BOEING unveiled livery of X-66A (modified MD-90) with transonic truss-braced wing for testing to reach net-zero greenhouse gas emissions; they also announced that Alaska Airlines, American, Delta, Southwest and United will join team to provide input on operational efficiencies, maintenance, handling characteristics and airport compatibility.

HEXCEL had $85.2m net income on $912m sales in 1H23 vs $62.5m on $783.6m in 1H22; Commercial Aerospace sales of $548.8 million increased 22.9% (22.5% in constant currency) vs 1H22, driven by A350, A320neo and 787 programs.

MAGNIX and NASA unveiled livery for hybrid electric aircraft being developed under Electrified Powertrain Flight Demonstration (EPFD) project. AEROTEC and AIR TINDI joined team to test its hybrid powertrain on modified Dash 7.

BOEING forecasts need for 649,000 pilots, 690,000 maintenance technicians and 938,000 cabin crew members over next 20 years (+7.9% vs '22 forecast) to support global commercial fleet, projected to double to 48,575 aircraft by 2042.

AKZONOBEL earned €461m on €5.4b revenues in 1H23 vs €437m on €5.4b in 1H22; it cited aerospace growth.

GE AEROSPACE and NASA unveiled livery for hybrid electric aircraft being developed under Electrified Powertrain Flight Demonstration (EPFD) project. BOEING and AURORA FLIGHT SCIENCES will support flight tests of modified Saab 340B.

EP SYSTEMS, UT was selected by Elfly Group to supply battery for its all-electric seaplane now under development.

PAN AM FLIGHT ACADEMY, Miami qualified its L3Harris 737-8 full-flight simulator to Level D in preparation to begin pilot training from August 1.

CITIC PACIFIC SPECIAL STEEL, China received TPG program accreditation.

PRATT & WHITNEY earned $230m on $5.7b sales in 2Q23 vs $302m on $5b in 2Q22. It delivered 772 engines (191 large commercial; 74 military; and 507 PW&C) vs 698 (177 large commercial; 62 military; and 459 PW&C) a year ago and says it anticipates a significant portion of the PW1100G-JM fleet will require accelerated removals/inspections by mid-'24.

COLLINS AEROSPACE earned $821m on $5.9b sales in 2Q23 vs $546m on $5b in 2Q22; increase in sales was driven by 29% y-o-y increase in commercial aftermarket, a 14% increase in commercial OE, and a 5% increase in military.

GE AEROSPACE earned $1.5b on $7.9b revenues in 2Q23 vs $1.1b on $6.1b in 2Q22; it delivered 543 commercial engines (419 LEAPs) and 228 military engines vs 355 commercial engines (226 LEAPs) and 131 military a year ago.

IAG invested in NOVA PANGAEA TECHNOLOGIES, UK for SAF production.

IRIDIUM introduced Certus inflight connectivity service (uses L-band satellite frequencies) as complement to Ka/Ku band services for commercial aircraft pax cabin connectivity and as primary service for small-to-mid-size business jets.

SAFRAN agreed to acquire Collins Aerospace's actuation and flight control activities for cash based on $1.8b enterprise value; business has eight facilities in Europe (France/UK/Italy) and Asia and includes MRO and engineering capabilities.

The process will start with a surge of checks in the next few months.

Shares of RTX, formerly known as Raytheon Technologies, dove 14% per-share during regular trading July 25.