Aerospace

S&P GLOBAL RATINGS raised Embraer's credit rating from “BB+” to “BBB-” and maintained a stable outlook.

HEROPS (Hydrogen-Electric Zero Emission Propulsion System) was launched by Collins Aerospace, Eaton, Lufthansa Technik, MT Aerospace, MTU Aero Engines, NLR and Technical University Vienna to develop technologies for a hydrogen-powered electric powertrain, based on MTU’s Flying Fuel Cell, for regional aircraft for operation starting in 2035.

DYNAMATIC TECHNOLOGIES, India has contracts from Airbus to supply main pax doors, service doors, cargo doors and over-wing emergency exit doors for the A220 and from Dassault to supply flight-critical aerostructures for Falcon 6X.

INDRA was selected by NAV CANADA to deploy flight data processing and an air traffic flow management systems for Trajectory-Based Operations.

TRANSDIGM GROUP had $382m net income on $1.8b sales for first quarter ended Dec 31 vs $229m on $1.4b a year ago.

Small satellite manufacturer Terran Orbital has settled its dispute with the “Concerned Investor Group” that included several prominent former employees.

Mark Moore has long experience in and outspoken views on the industry he helped create.

The partnership will see LuftCar manufacture the air module and hydrogen fuel cell propulsion system for its flying cars in the Philippines.

Major aerostructures supplier Daher is prioritizing Airbus A320 component deliveries to help mitigate supply chain issues that have caused production delays.

Ihssane Mounir, Boeing senior VP for global supply chain and fabrication, told a key supplier conference that suppliers and the OEM owe each other transparency.

The GoAero organization has launched a competition to develop and test a vertical-takeoff-and-landing aircraft in simulated emergency response missions.

Investigators are still working to piece together what happened to the Boeing 737-9 in the weeks leading up to its delivery to Alaska.

As debate over design and cost continues, a group of military and industry experts eschewed most advanced Collaborative Combat Aircraft.

Aviation Week projects that regional defense investment will to climb to $270 billion by 2032 from $197 billion in 2023.

COSMIC AEROSPACE, Denver raised $4.5m in seed financing to accelerate development of its electric aircraft with range of 1,000 km (>600 miles); its full-scale flight demonstrator is on track for first flight in 2026/entry into service by 2030.

AIRBUS delivered 30 aircraft (two A220s; 26 A320neo Family; two A330s) in January vs 20 (two A220s; 16 A320s; A330; A350) in Jan '23. It firmed up previously announced order from ETHIOPIAN AIRLINES for 11 A350-900s (SPNWS; Nov 17).

DHL GLOBAL FORWARDING and FRAPORT broke ground on 27,500 sq meter air freight center at Frankfurt Airport for completion in mid-2025.

AVIATION PARTNERS BOEING has Qantas order to supply split scimitar winglets for 23 737NGs for installation in Brisbane.

NTSB confirmed four bolts needed to secure exit door (MED) plug on Alaska Airlines' 737-9 were removed on Boeing's factory floor (by Spirit AeroSystems' workers) as part of pre-delivery repair of damaged fuselage and never re-installed.

DAE had $350.6m net profit on $1.3b revenues in 2023 vs $279.3m loss on $1.1b in 2022. It has $4.1b in total liquidity.

TRIUMPH had $15.9m net income on $285m sales in third quarter ended Dec 31 vs $11m profit on $262m a year ago; excluding impacts from divestitures and exited/sunsetting programs, organic Commercial OEM sales increased 27.5%.

HEROUX-DEVTEK had C$9m net income on C$163.5m sales in third quarter ended Dec 31 vs C$1.8m on $141m a year ago; Civil sales were up 41.4%, mainly driven by increased landing gear deliveries for 777 and Praetor programs.

The foreign carmaker is not identified, but Volkswagen Group China in 2022 built and flew a full-scale demo for an autonomous four-passenger eVTOL.

Triumph management remains bullish about expected benefits from the sale of its Product Support group.

Archer Aviation has announced that construction of its first three type-conforming Midnight air taxis is “well underway.”