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.
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.
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.
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.
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.
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%.
A company has announced a “record-setting” $100 million “seed” round of venture capital investment toward its proposed platform for lunar transportation.
A team of European rocket developers are to help prove German ambitions for sat launch at sea with a series of suborbital launches planned for spring 2024.
Beta Technologies has applied for a $150 million loan guarantee from the U.S. Export-Import Bank to finance its electric aircraft manufacturing facility.