COLLINS AEROSPACE earned $849m on $6.7b sales in 1Q24 vs $897m on $6.1b in 1Q23. It says increase in sales was driven by a 14% increase in commercial aftermarket, 14% increase in commercial OE, and 1% increase in military.
ROBINSON HELICOPTER acquired ASCENT AEROSYSTEMS, MA (coaxial helicopter drones) and says through deal, Ascent can now grow and scale by building UAVs at its vertically integrated manufacturing facility in Torrance, CA.
GE AEROSPACE earned $1.5b on $8.1b revenues in 1Q24 vs $1.2b on $7b in 1Q23; order intake rose 34% on heels of Singapore Airshow. It delivered 489 engines (367 LEAPs) and 125 defense engines vs 481 (366) and 80 a year ago.
PRATT & WHITNEY earned $412m on $6.5b sales in 1Q24 vs $415m on $5.2b in 1Q23. It delivered 771 engines (232 large commercial; 496 P&WC; 43 military) in 1Q24 vs 708 (167 large commercial; 499 P&WC; 42 military) in 1Q23.
HARBOUR AIR signed LOI with magniX to purchase 50 magni650 electric engines for retrofit on its fleet of 45 aircraft, beginning with the De Havilland DHC-2 Beaver in 2026; the magni650s will also be used for third-party conversions.
EMBRAER delivered seven commercial jets (three E1s/four E2s) in 1Q24 vs seven (five/two) in 1Q23, and now has 381 on backlog. It also delivered 18 business jets (11 Phenoms/seven Praetors) in 1Q24 vs eight (six/two) in 1Q23.
As it looks ahead to a first flight of its electric propulsion unit this year, UK startup Evolito has appointed an experienced aerospace executive as chief technology officer.
Canada’s Harbour Air Seaplanes has confirmed plans to electrify its De Havilland Canada DHC-2 Beavers and to offer the propulsion conversion to other operators.
