Aerospace

KKR agreed to take minority stake in PRECIPART, NY (precision components).

UNIVERSAL HYDROGEN and JBT AEROTECH teamed to develop hydrogen fuel cell-powered mobile battery charger for existing electrified airport GSE.

Vitaliy Rusakov to President of TriMas Aerospace, MI (November 13).

Michael Whitaker was confirmed as new Administrator of the FAA.

BOEING had $1.6b net loss on $18.1b revenues in 3Q23 vs $3.3b loss on $16b in 3Q22 and ended quarter with $469b backlog, up from $404b at end 2022. BCA lost $678m on $7.9b revenues in 3Q23 vs $622m loss on $6.3b in 3Q22.

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

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 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.

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

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

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.