Aerospace

LOAR HOLDINGS had $9.9m net income on $189m sales in 1H24 vs $6.9m net loss on $148m in 1H23.

VS AVIATION (Vance Street Capital) has acquired AVIATION PRODUCTS SYSTEMS (APS), IL (wheel/brake components).

UNICAL AVIATION opened European USM sales and support office in UK.

CAE had C$48.3m net income on C$1.07b revenues for first quarter ended June 30 vs C$65.3m on C$1.01b a year ago. Civil Aviation earned C$89.8m on C$588m vs C$105.6m on C$540m and delivered eight FFSs vs six a year ago.

THE WEATHER COMPANY, GA was selected by US-based Breeze Airways as partner to provide its Fusion global weather and flight tracking solution.

GARMIN announced FAA certification for Runway Occupancy Awareness (ROA) software solution with SURF-IA technology for G1000 Nxi-equipped Cessna Caravan; system uses ADS-B traffic to alert crew of potential runway incursions.

With a maximum takeoff weight of 2,500 lb. (1,133 kg), the company describes the aircraft as the “largest civilian drone available for purchase today.”

The company recently completed environmental testing for its Tactical Satellite (TacSat) spacecraft at its facilities in Littleton, Colorado.

The removal of that future revenue shrunk the satellite bus manufacturer’s backlog from $2.7 billion to $312.7 million, Terran Orbital says.

Double-digit growth in aerospace MRO and aerostructure systems has elevated ST Engineering’s first-half commercial aviation portfolio revenue by 20%.

Part of the problem of using a solid rocket motor to deorbit is that the type can generate slag.

With a cargo payload of 2 tons, the unnamed UAS is the largest uncrewed transport UAS developed in China.

SpaceX has announced plans for its sixth commercial private astronaut mission.

The FAA has for now called off public hearings on SpaceX’s request to increase the pace of Starship-Super Heavy launch operations.

OXCCU has opened its prototype production plant.

Alaska Airlines has become the first commercial operator to declare serious interest in the BWB under development by JetZero, signing options for an undisclosed number of aircraft from the startup.

Top executives and officials from across the airline and air transport world will assemble at the 8th Aviation AFRICA Summit & Exhibition.

Listen in as Wastefront CEO Vianney Vales about how the company aims to increase the supply of sustainable aviation fuel by recycling tires.

The 1% weekly gain in the AAM Stock Composite came during a week when the S&P 500 traded flat.

DUCOMMUN had $14.6m net income on $388m revenues in 1H24 vs $7.6m on $368.5m in 1H23; Structural Systems sales rose 15%.

SURF AIR MOBILITY, Los Angeles is proceeding with previously disclosed reverse stock split of 1-for-7 shares.

PEXCO, GA acquired PRECISE AEROSPACE MANUFACTURING, CA (injection, compression, transfer molded plastic).

Paulo Ruiz to President and Chief Operating Officer of Eaton, Ireland; he will be assume position of CEO in June 2025 to succeed Craig Arnold.

ARCHER reached agreement in principle with Stellantis on manufacturing relationship to include $400m investment to cover labor costs and capital expenditures at Covington, GA to help scale Midnight production to 650 aircraft per year.

THE GILL CORPORATION expanded production of Gillfab 4030 aluminum skin sandwich panels, used in interiors, to accommodate demand.