Aerospace

BOEING reduced 737 delivery projections for 2023 to 375-400 from 400-450; it expects to complete final assembly transition to 38 per month by end 2023 (going to 50 per month in 2025/2026 timeframe). It still plans to deliver 70-80 787s in 2023 and says it is now transitioning 787 production to five per month (going to 10 per month in 2025/2026).

United Launch Alliance (ULA) is targeting Dec. 24 for the first launch of its Vulcan-Centaur rocket from Cape Canaveral SFS.

Spanish startup Umiles Next has been rebranded Crisalion Mobility as it continues development of air and ground electric and autonomous systems.

Deployment of the mobile battery charger will also kick-start UH2’s hydrogen delivery services using its modular capsule technology.

Chinese electric vehicle maker XPeng’s AeroHT division has revealed it is developing the Land Aircraft Carrier, a modular drive/fly design.

Japanese automaker Subaru has unveiled a concept for an eVTOL air mobility vehicle at the Japan Mobility Show 2023 in Tokyo.

Archer Aviation has conducted the first uncrewed test flight of its Midnight electric-vertical-takeoff-and-landing air taxi.

The industry is on the fast track to net-zero carbon emissions by 2050 but faces considerable hurdles, executives said at the NBAA-BACE show.

The United Arab Emirates is partnering with startups to position itself as a center for advanced air mobility development.

The defense giant has transferred all intellectual property for its hybrid airships to spinoff AT² Aerospace.

South Korea’s 4.5-generation fighter program is looking for external support after keeping the KF-21 flight test on track.

Scientists suspect a metal asteroid the mission will explore may be the remnant of early planet.

A transmission upgrade underway for the KUH-1 Surion may help pave the way to a high-speed helicopter in the 2030s.

Overair has announced an agreement to sell 20 of its electric-vertical-takeoff-and-landing vehicles to South Korean helicopter operator HeliKorea.

CRANE AEROSPACE & ELECTRONICS earned $40m on $207m sales in 3Q23 vs $28m on $167m in 3Q22.

HEXCEL had $38.7m net income on $419.5m sales in 3Q23 vs $26.8m of $364.7m in 3Q22; commercial aerospace sales rose 20.5% to $251.9m, driven by A350 and 787 programs with total narrowbody sales unchanged from 3Q22.

Europe’s space workforce grew by 8.2% in 2022 over the prior year, the Space Foundation says in a quarterly report on the state of the space industry.

GRIFFIN GLOBAL ASSET MANAGEMENT and BAIN CAPITAL SPECIAL SITUATIONS agreed to acquire pool of 17 Trent engines, to be owned by newly formed standalone entity, for use as spares for Rolls-Royce global customer base.

SITA was selected by Azul to supply eWAS and OptiClimb solutions for trial.

SKYTRAC was selected by Canada's Carson Air to supply Iridium Certus SDL-350 satellite system for its King Air 360s.

JETTAINER extended its ULD management contract with ITA Airways.

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

EFW was selected by Iberia to supply lightweight Airbus Airspace L Bins for retrofit on its A320s starting in early 2025.

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.