GE AEROSPACE earned $1.6b on $8.5b revenues in 4Q23 vs $1.4b on $7.6b in 4Q22; and $6.1b on $32b in 2023 vs $4.8b on $26b in 2022. It delivered 2,075 commercial (1,570 LEAPs)/556 military engines in 2023 vs 1,663 (1,136)/632 in 2022 and booked orders for 3,827 commercial (2,508 LEAPs)/731 military engines vs 2,127 (1,515)/532 a year ago.
Startup Albedo has raised a $35 million Series A-1 funding round and plans to use the cash infusion to launch its first operational imagery satellite, Sat-1.
Ryanair and Italian sustainable fuels provider Enilive have signed a LOI for the long-term supply of SAF at several airports across Italy served by the airline.
The UMEX and SimTEX Conference has concluded at ADNEC after presentations, panel discussions and keynote speeches from experts from the unmanned systems sector.
We may be witnessing the slow demise of what was once the world’s greatest aerospace company, with few identifiable roadblocks to an act of self-immolation.
AIRBUS and AIR INDIA agreed to form joint venture to open new 3,300 sq meter A320/A350 pilot training center in Guruhgram in 1H25 with 10 simulators. It also providing technician training materials to GMR Aero Technic at Hyderabad.
VERTICAL AEROSPACE secured $50m in committed funding from its founder to provide platform for further funding rounds and extend its projected cash runway into 2Q25, supporting development of its eVTOL for certification in 2026.
ARCHER AVIATION signed a Space Act Agreement with NASA; initial project will be focused on studying high-performance battery cells and safety testing targeted for Advanced Air Mobility (AAM) and space applications.
AIRBUS signed contracts with TATA ADVANCED SYSTEMS (TASL) and MAHINDRA AEROSTRUCTURES to manufacture metallic detail parts, components and assemblies for A320neo Family, A330neo and A350 programs.
SAFRAN and ONERA launched wind tunnel tests at Modane of 1:5 scale ECOENGInE future Open Fan demonstrator as part of CFM RISE program; Open Fan aims to reduce fuel burn and CO2 emissions by 20% and up to 80% with SAF.
