BOEING COMMERCIAL AIRPLANES posted $1.6b operating loss on $33.9b in 2023 vs $2.3b loss on $26b in 2022; 4Q23 profits were positive. It says 787 production rate is now at five per month and 737 program is now at 38 per month.
BOEING had $30m net loss on $22b revenues in 4Q23 vs $663m loss on $20b in 4Q22 and $2.2b net loss on $77.8b in 2023 vs $5.1b loss on $66.6b in 2022; its y-o-y backlog rose 29% to $520b. However, it postponed guidance for 2024.
AIRBUS signed MOU with Avinor, SAS, Swedavia and Vattenfall to investigate the feasibility of a hydrogen infrastructure , including hydrogen aircraft concepts/operations, supply, infrastructures and refueling, at airports in Sweden and Norway.
VERUS AEROSPACE, CA was formed by Arlington Capital Partners via combination of Perfekta, Precision Machine Works, Arden Engineering, Premier Processing and Quality Forming for manufacturing complex aerostructure components.
Archer Aviation has announced that its Midnight electric vertical-takeoff-and-landing (eVTOL) aircraft has completed the first phase of company flight testing.
Airbus and Italy’s ITA Airways have expanded their collaboration on advanced air mobility to include vertiport developer UrbanV and Italian energy company Enel.
ADS Group is calling on the next UK government to pursue a new industrial strategy that supports industry to give the country a greater strategic advantage.
The FAA’s decision to freeze 737 MAX production levels likely does not have a significant effect on top suppliers, according to executives and analysts.
AE INDUSTRIAL PARTNERS acquired 2.27m sq ft industrial facility in Northwest Alabama for renovation into an aerospace center of excellence to house select AEI portfolio companies as well as other suppliers/manufacturers.
TURBOTECH and SAFRAN successfully tested the first hydrogen-fueled gas turbine engine for the light aviation market as part of France's BeautHyFuel project, formed by Turbotech, Elixir Aviation, Safran, Air Liquide and Daher.
BOEING is withdrawing its request to FAA for time-limited exemption (TLE) from current engine inlet de-icing system requirements for non-compliant 737-7, which is expected to further delay certification aircraft into at least 2025.
