Aerospace

CFO Brian West told a Bank of America investor conference that Boeing would buy back Spirit using cash and debt; Boeing ended 2023 with almost $16 billion.

The company is working on changing long-established priorities that valued speed over quality.

Improved propellant management is vital to fast-track hypersonic performance as the company readies the TA-2 for key autonomous landing test.

JOBY says it plans to deliver two eVTOLs to MacDill AFB in 2025 as part of AFWERX Agility Prime contract with USAF that includes provisioning of up to nine aircraft. It delivered first aircraft to Edwards AFB in 3Q23 with second due in '24.

JET PARTS ENGINEERING has FAA approval for 13 new PMA parts/DER repairs, including 737NG/A320 pneumatic valve and solenoid components, MAX landing gear, PW2000 wire harness clamps, engine oil system indicator triggers, 747 high pressure controller switches, 737 fuel float switch, and ram air door actuator nut, and ignition exciters for CFM56/CF34/CF6.

DOKASCH TEMPERATURE SOLUTIONS, Germany was approved by Delta Cargo for its Opticooler RKN for phamaceutical transport services.

FLYHT was selected by unidentified OEM for engineering/design work for Airbus line fit SATCOM program, using customized version of AFIRS 228S.

CASM was established in Mexico by Birmingham Fastener to supply fasteners with support from Alabama Aerospace.

EATON AEROSPACE received FAA approval for 737NG/MAX oxygen sensor as replacement for current OEM sensor.

AIRBUS ended talks to acquire ATOS' BDS (Big Data and Security) business.

GKN AEROSPACE has Safran contract to supply LEAP-1A shafts out of Kongsberg, Norway starting in 2H24.

Automaker Stellantis has completed the open-market purchase of an additional 8.3 million shares in eVTOL vehicle developer Archer Aviation.

SpaceX plans to sell laser communications systems developed for its Starlink broadband satellites to third-party satellite manufacturers.

The Incheon metropolitan government has released an advanced air mobility concept of operations for the port city, South Korea’s third largest metropolis.

Joby Aviation has agreed to deliver two aircraft to MacDill AFB in Tampa, Florida, widening its existing partnership with the U.S. Air Force.

Routine drone operations across the country by 2027 and autonomous air taxi demonstration flights by 2030 are among targets set in the future aviation plan.

Integrating the first UAM aircraft into today’s urban airspace environments is going to be a huge challenge, a UK panel says.

The EU could fund the development of an HGV demonstrator to help build a better understanding of how to develop a defense against such systems in the future.

MDA Space says the Aurora communications satellite product line would support multiple radio frequencies and “dynamic in-orbit reconfiguration.”

Rising demand for weapons stocks is driving a review of European missile manufacturing.

SATCOM DIRECT secured purchase agreement to provide global voice and broadband connectivity for US Government and Department of Defense.

DUPONT and MENATEK DEFENSE TECHNOLOGIES teamed to provide self-lubricating, maintenance-free NAZ Bearings to the aerospace industry.

Maria Breton to Chief Financial Officer of First Aviation Services, CT.

EMBRAER had US$1674m net profit on US$5.3b revenues in 2023 vs US$185m loss on US$4.5b in 2022. It ended year with US$18.7b backlog and plans to deliver 72-80 commercial jets/125-135 executive jets in 2024 vs 64/115 in 2023.

KGB AVIATION SOLUTIONS received Boeing approval for DART tool for 737 for downloading, live data monitoring and channeling of FDR/CVR data.