Aerospace

JETTAINER extended its ULD management contract with ITA Airways.

CAE agreed to sell its Healthcare business for enterprise value of C$311m.

GE AEROSPACE earned $1.7b on $8.4b revenues in 3Q23 vs $1.3b on $6.7b in 3Q22, delivering double-digit growth in orders; spin-off of company is planned in 2Q24. It delivered 520 commercial engines (389 LEAPs) vs 489 (347) a year ago.

PRATT & WHITNEY lost $2.5b on $926m sales in 3Q23 vs $316m profit on $5.4b in 3Q22; drop in sales included the impact of a charge related to the powder metal matter of $5.4b, with remaining change driven by increases of 25% in commercial OE and 21% in commercial aftermarket. It delivered 261 large commercial engines in 3Q23 vs 192 in 3Q22.

COLLINS AEROSPACE earned $903m on $6.6b sales in 3Q23 vs $742m on $5.7b in 3Q22; profit included a $57m charge related to a litigation matter and a $83m related to restructuring and other significant and/or non-recurring items.

General Electric (GE) had a strong third quarter that exceeded Wall Street expectations with its aerospace business benefiting from robust aftermarket demand.

The 31st edition of Arabian Travel Market (ATM), taking place in Dubai May 6-9, will focus on the ‘full spectrum’ of travel and tourism.

Saudia Group is participating in the seventh edition of the Future Investment Initiative, scheduled to take place from October 24 to 26, 2023 in Riyadh.

VISTA, the premier start-up platform for creative aerospace entrepreneurs, returns this year.

Russian officials admitted to Aviation Week that they were using remains from a U.S. Air Force F-117 shot down during the 1999 Kosovo campaign to improve the ability of their air defense systems to detect and kill stealth aircraft.

Guy Norris, Senior Editor at Aviation Week Network, outlines the features of Rolls-Royce's permanent magnet radial flux motor on display at NBAA-BACE 2023.

Aging fleets and regional instability are making Gulf Cooperation Council member countries prime marketing opportunities for airlifter OEMs.

Limited performance and questions of safety could restrict the vehicle to the Chinese market.

The company is developing a large spacecraft to transport, host, refuel and provide data and other services for multiple payloads.

Axiom Space is nearing completion of its Hab One pressure vessel.

AIRBUS launched production of A350F at AIRBUS AEROSTRUCTURES and PREMIUM AEROTEC with initial components at Bremen and Varel; detailed parts and subassemblies for sections 13/14 will be delivered to Nordeham for assembly.

THOMPSON AERO SEATING opened £7.5m dynamic test facility at Banbridge, County Down to certify new products.

AIRCRAFT SPRUCE and AERO PERFORMANCE were appointed by ACR Electronics as distributors of its ARTEX ELT.

WESTAR AVIATION SERVICES and Riyadh-based MUKAMALAH AVIATION signed MOU to form partnership to provide aviation-related services in Saudi Arabia, including charter/wet-leasing, MRO, SAR, materials, engineering and GSE.

WISK AERO completed flight test program of its autonomous eVTOL air taxi at Long Beach Airport (Southern California).

SIA ENGINEERING completed acquisition of 10% of JAMCO's 50% shareholding in JAMCO AERO DESIGN & ENGINEERING (JADE) for US$915,200; it is now majority stakeholder at 55%, with JAMCO Corp holding 40% and JAMCO America 5%.

UNIVERSAL AVIONICS was selected by De Havilland Canada as lead supplier of integrated flight decks for CL-215T and CL-415 firefighting aircraft

STARLINK was selected by Qatar Airways to provide Internet connectivity (350 Mbs/second) on certain aircraft/routes via SpaceX satellite network.

The AAM Stock Composite crashed by more than 11% during the week ending Oct. 20.

A company has announced a “record-setting” $100 million “seed” round of venture capital investment toward its proposed platform for lunar transportation.