SIRIUS AVIATION, Switzerland secured order commitment from India's MEHAIR for 50 Sirius Jet hydrogen-powered VTOLs, and 50 options, in deal valued at $400m. As part of deal, MEHAIR will oversee final assembly of aircraft in India.
AAR announced proposed offering of $500m in senior notes due 2029 to partially fund its pending $725m acquisition of Triumph Group's Product Support business. It is also increasing its existing revolving credit facility from $620m to $795m.
PPG added two new aerospace adhesives: PR-2940 epoxy syntactic paste adhesive for bonding internal structures; and PR-2936 that uses properties of a shim and sealant for attaching outer skins to internal structures.
BOEING delivered 27 aircraft (25 737 MAXs; 767-2C; 787) in January vs 38 (35 737 MAXs; three 787s) in Jan 2023.It also announced order from an unidentified customer for three 737 MAXs and ended month with 6,189 MAXs on backlog.
Two-thirds of Europe’s Clean Aviation research projects are focused on more sustainable advanced propulsion technologies for service entry in the mid-2030s.
PRATT & WHITNEY is establishing new India Digital Capability Center (IDCC) in Bengaluru to drive its digital and business transformation and accelerate innovation; facility will be co-located with its engineering and supply chain centers.
HOWMET AEROSPACE had $765m net income on 6.6b sales in 2023 vs $469m on $5.7b in 2022; commercial aerospace sales rose 24%. It expects $7.1b sales in 2024 based on production of 34 737 MAXs and 56 A320 Family per month.
KLM Royal Dutch Airlines and The Best of The Netherlands got together over a sales workshop in Riyadh and Dubai last week to showcase the Netherlands to trade partners.
Failing again to field the OH-58 Kiowa’s replacement, the U.S. Army will rely on uncrewed aircraft and space-based assets for the armed reconnaissance mission.
