VSE is making public offering of 2.1m shares at $71 each, plus purchase option for another 317k shares, to raise $141m to repay existing debt, including borrowings used to fund its acquisition of TURBINE CONTROLS, and support growth.
HEART AEROSPACE opened R&D hub in Los Angeles for its hybrid-electric propulsion system and other key technologies for 30-pax ES-30 now under development for certification in 2028. It has commitments for 561 aircraft.
LUFTHANSA TECHNIK completed application of AeroSHARK surface film on 12 777-300ERs for SWISS; applied to the fuselage and engine nacelles, film reduces drag during the flight to promote lower fuel consumption and CO2 emissions.
BOEING delivered 24 aircraft (16 737 MAXs; two 767Fs; two 777Fs; four 787s) in April vs 26 (17 MAXs; 737NG; 767F; 777F; six 787s) in April 2023. It announced new order from an unidentified customer for two 787-10s and two 777-9s.
AirBaltic has signed a memorandum of understanding to collaborate with Dutch company Fokker Next Gen on design of a hydrogen-powered 120-150-seat airliner.
NIAR (Wichita State University) secured $10m funding from NASA Aeronautics for research related to development and implementation of advanced materials for use in hot structures and thermal protection systems for hypersonic vehicles.