Aerospace

Swiss electric propulsion developer H55 has announced the commercialization and opening of the orderbook for the Bristell B23 Energic.

MITSUBISHI HEAVY INDUSTRIES established a subsidiary in Vietnam.

MTU AERO ENGINES had €126m net profit on €1.65b revenues in 1Q24 vs €134m on €1.54b in 1Q23; it has €25.4b backlog.

EATON AEROSPACE earned $201m on $871m sales in 1Q24 vs $180m on $803m in 1Q23; y-o-y backlog rose 11%.

TRIMAS AEROSPACE earned $7.2m on $67.3m sales in 1Q24 vs $1.4m on $50m in 1Q23.

ATI had $66.1m net income on $1.04b sales (60% aerospace and defense) in 1Q24 vs $145.7m on $1.06b in 1Q23.

AEFP GROUP, PA acquired TRINITY AEROSPACE, Canada ( sheet metal/machined detail parts and assemblies).

JOBY AVIATION is expanding its pilot production facility in Marina, CA to more than double its manufacturing footprint starting in 2025 under plan to produce up to 500 aircraft per year; it also rolled out its second production aircraft.

Firefly Aerospace and Northrop Grumman remain on track to debut the new Antares 330 launch vehicle in 2025.

Whisper Aero is building its aerospace business around a seemingly unlikely product—a leaf blower.

China’s EHang has filed a shelf registration to sell up to $100 million in new shares via a public offering on the Nasdaq stock exchange.

The work will culminate with flights of a De Havilland Dash 7 regional airliner modified with a hybrid-electric propulsion system in 2026.

The Tikehau Aero Partenaires 2 fund is aimed at supporting small- and medium-size companies in the aerospace sector.

European satellite communications provider SES is to buy U.S.-based rival Intelsat in a bid to tackle competition from other low-Earth-orbit services.

Elysian has expanded the advisory board providing input on the design, development and operation of its proposed 90-passenger battery-electric aircraft, the E9X.

Royal Jordanian (RJ held) its ordinary Annual General Meeting (AGM) on April 29, 2024, with the board discussing the business plan for 2024.

TAV Airports has announced the financial and operational results of the group pertaining to the first quarter of 2024.

The 10th edition of Global Airport Leaders’ Forum (GALF) will take place for three days from May 14 in Dubai.

Boeing never built the 7J7, but its legacy continues to be felt to this day. Listen in to hear how technology once studied for that program could re-emerge on the company’s next new airplane almost 40 years later.