The EU could fund the development of an HGV demonstrator to help build a better understanding of how to develop a defense against such systems in the future.
EMBRAER had US$1674m net profit on US$5.3b revenues in 2023 vs US$185m loss on US$4.5b in 2022. It ended year with US$18.7b backlog and plans to deliver 72-80 commercial jets/125-135 executive jets in 2024 vs 64/115 in 2023.
Air Arabia shareholders approved the distribution of 20 percent cash dividend for the financial year ending December 31, 2023 at the company’s Annual General Meeting (AGM).
TAMARACK AEROSPACE presented its Eco-SMARTWING solution for the A320 to provide 8-12% improvement in fuel efficiency, after installing technology on nearly 200 Cessna CitationJets. It is seeking joint venture partners for program.