HEROUX-DEVTEK had C$9m net income on C$163.5m sales in third quarter ended Dec 31 vs C$1.8m on $141m a year ago; Civil sales were up 41.4%, mainly driven by increased landing gear deliveries for 777 and Praetor programs.
MRCY’s revenue fell to $197.5 million from $229.6 million a year earlier, while earnings per share were -$0.42, well below a consensus estimate of $0.07.
A long-standing Royal Saudi Air Force fighter requirement is now being contested by the Dassault Rafale, the Boeing F-15EX, and the Eurofighter Typhoon.
The head of Airbus Helicopters reaffirmed at WDS that Saudi Arabia remains a key market for the European OEM, with a strong military presence and a growing civil market.
Doug Ackerman, vice president for supplier quality at Boeing Commercial Airplanes, updated a key supplier conference on the nature of its supply chain problems.
ALPINE ADVANCED MATERIALS and ALLEGHENY PERFORMANCE PLASTICS formed strategic alliance to pursue manufacturing opportunities around HX5 reinforced polymer.
ACITURRI, Spain purchased remaining 24.05% stake in ALESTIS AEROSPACE, Spain (aerostructures) from SEPI, and now owns 100%. Alestis will maintain its facilities in Cádiz, Seville, Getafe, Vitoria and Sao Jose dos Campos, Brazil.
SPIRIT AEROSYSTEMS had $633m net loss on $6b revenues in 2023 vs $546m loss on $5b in 2022; it had $59m net income in 4Q23 based on forward loss reversals of $205.6m and material right obligation liability reversal of $155m related to 787 program. It delivered 1,418 shipsets (356 737) in 2023 vs 1,297 (281) in 2022, but would not provide any guidance for 2024 until there is further clarity on 737 MAX production rates and ongoing price negotiations with Airbus.
