Aerospace

Hanwha Systems has broken ground on its new Jeju Hanwha Space Center, a purpose-built South Korea facility for the manufacturing and testing of satellites.

The company is making aircraft improvements and looking to collaboration and technology transfer to facilitate US-2 seaplane exports.

End-to-end urban air mobility demo; integrating airborne collision avoidance system into autonomy; ZeroAvia eyes wider electric market; electrifying the Beaver

French startup VoltAero has begun bench testing of the integrated parallel hybrid-electric powertrain for its five-seat Cassio 330.

EHang said it plans to initiate the type certification application for its VT-30 electric vertical-takeoff-and-landing (eVTOL) vehicle.

Bombardier, Embraer, and Gulfstream have shown new aircraft can be developed at reasonable prices.

U.S. startup Regent has revealed two deals with the government of Abu Dhabi to explore launching electric seaglider services in the emirate in the coming years.

In 2024, CFM's original plan was a 20%-25% growth of Leap production, but that uptick has been revised downward, to 10%-15%—mostly affecting Leap 1B production.

Supply chain problems with different root causes will keep output below previous forecasts for much of 2024, as 737 challenges draw more scrutiny.

COVID-19 wiped out six years of growth and hundreds of billions of dollars in economic value.

LOAR made IPO of 11m shares on NYSE at $28 each; offering is to close on April 29 and includes 30-day option for underwriters to purchase an additional 1.65m shares. Jefferies and Morgan Stanley are acting as lead book runners.

INTERCONNECT SOLUTIONS (ISC) has acquired CABLENET AEROSPACE, CO (cables), advised by SDR Ventures.

VOLTAERO began certification testing of its electric-hybrid powertrain (Safran Electrical & Power’s ENGINeUS 100 smart electric motor integrated with Kawasaki’s 4-cylinder high-performance thermal engine) for the 5-seat Cassio 330.

AIRBUS had €595m net income on €12.8b revenues in 1Q24 vs €466m on €11.8b in 1Q23; it confirmed plan to deliver about 800 aircraft in 2024. It also announced plans to increase A350 production to 12 per month in 2028 in addition to ramping up to 14 A220s per month and 75 A320 Family aircraft per month in 2026 (still targeting four A330s/month in '24).

LATAM AIRLINES GROUP entered into Perpetual Power Agreement with FTAI Aviation that includes comprehensive engine power solution for CFM56s and V2500s via engine exchange program and a SLB transaction for >30 aircraft.

BOEING says 787 production (now

HONEYWELL AEROSPACE TECHNOLOGIES earned $1b on $3.7b sales in 1Q24 vs $827m on $3.1b in 1Q23.

AVTECH SWEDEN has 1-year deal with Air Caraïbes and French bee for its Aventus wind uplink service from Jan '24.

NASA and Boeing on April 25 completed the Flight Readiness Review (FRR) for the long-awaited CST-100 Starliner crewed flight test (CFT).

Archer had previously announced its plans to locate an international headquarters in Abu Dhabi.

Joby Aviation has announced the signing of a partnership agreement with Abu Dhabi to lay the groundwork for an air taxi ecosystem in the emirate.

Wright Electric has begun building a test cell to characterize the performance of its megawatt-scale electric propulsion systems for large commercial aircraft.

India's low-cost giant IndiGo is to get its own widebody fleet after signing a firm order for 30 Airbus A350-900s.

Joby's agreement with the Abu Dhabi government is intended to support an air taxi ecosystem in the UAE where the company wants to launch service in 2025.

A reusable hypersonic Next-Generation Responsive Strike prototype could be commissioned by the end of the decade.