Aerospace

COLLINS AEROSPACE has Saudi Arabia Airlines contract to supply new business/economy seats for installation on 39 new 787s for delivery starting in early 2026 and retrofit on about 77 existing A330s/777s in late 2025-late 2027; deal includes establishment of localized repair capabilities as well as select spares manufacturing capabilities with SAUDIA TECHNIC

MAGELLAN AEROSPACE (UK) has Airbus contract to continue to supply A320 Family wing spars at Wrexham.

UNIVERSAL HYDROGEN successfully ran megawatt-class fuel cell powertrain using its liquid hydrogen module.

AUTOFLIGHT completed demo flight on Shenzhen-Zhuhai (31 miles) with its 5-seat Prosperity eVTOL; flight took 20 minutes vs three hours by car.

David Smith to President and Chief Executive Officer of Robinson Helicopter, Torrance, CA. Kurt Robinson will transition to an Advisor.

KOREA AEROSPACE INDUSTRIES (KAI) subscribed to the Nadcap accreditation program for supplier quality throughout its organization.

JAMCO AMERICA, WA received FAA approval for its dynamic test facility.

ARCHER AVIATION announced its Midnight eVTOL is now in final phase of its certification program with about 80% of subsystems and components having been sourced, significantly de-risking its path to certification. It has $625m liquidity.

HEICO FLIGHT SUPPORT earned $136.1m on $619m sales in first quarter ended Jan 31 vs $83.6m on $371m a year ago; results reflect growth in commercial aerospace parts/services business and contribution from acquisition of WENCOR.

SMBC AERO ENGINE LEASE purchased 19 engines in 2023 and sold 10, ending year with owned/managed fleet of 90.

PWC says there were 303 A&D M&A deals worth $42b in 2023 vs 411 worth $40b in '22; mid-size transactions will likely continue to drive M&A in 2024.

Steve Dennis to Vice President of Training Design of CPaT Global, Houston.

HELICOPTER ASSOCIATION INTERNATIONAL was renamed VERTICAL AVIATION INTERNATIONAL (VAI) to include eVTOL and UAV platforms.

BOEING was found by a panel of safety experts in congressionally mandated report that its safety management problems stem from disconnect by senior management, inadequate and confusing implementation of culture, lack of employee and ODA leadership participation in SMS, and inadequate human factors, which have eroded due to a series of administrative decisions, including reorganization, decentralization, downsizing, and relocating headquarters out of the Seattle area.