Aerospace

AIR INDUSTRIES GROUP settled post-closing working capital adjustment dispute with CPI AERO by releasing the $1.38m remaining in escrow.

COMAC says Shanghai Aircraft Airworthiness Certification Center of CAAC (SAACC) issued first Type Inspection Authorization (TIA) for C919 program.

Justin Yows was promoted to Production Supervisor of FreeFlight Systems, Irving, TX.

Keith Maness was promoted to Production Manager of FreeFlight Systems, Irving, TX.

Rob Hall was promoted to Procurement Manager of FreeFlight Systems, Irving, TX.

Kenia Goodman was promoted to Buyer and Planner of FreeFlight Systems, Irving, TX.

AIRBUS says it welcomes post-Brexit trade agreement between EU and UK and will continue to work with its many stakeholders.

US President signed $900b COVID-19 relief package, which extends Payroll Support Program (PSP) through March 2021.

If successful, the deal bolsters Lockheed against large primes while providing the best outcome for AJR after overhaul in recent years.

The FAA on Dec. 28 announced final rules requiring that drones be capable of being tracked and identified from the ground, taking a major step toward opening the airspace to more regular flights of small unmanned aircraft systems.

Denver-based Voyager Space Holdings, Inc. plans to acquire a majority stake in XO Markets and its largest subsidiary, Houston-based Nanoracks, which earlier this month launched the commercial Bishop airlock to the International Space Station.

Axiom Space, the space station startup, on Dec. 22 announced plans to create a 14-acre headquarters campus at Houston Spaceport to train private astronauts and begin production of its Axiom Station.

Kevin W. Martin to Chief Executive Officer-Engines Systems Segment of Cadence Aerospace, Anaheim, CA.

Peter Bunce, President and Chief Executive Officer of GAMA, was appointed to Management Advisory Council (MAC) of FAA.

Derek Kan, former Under Secretary of Transportation for Policy at US DOT, was appointed to Management Advisory Council (MAC) of FAA.

HEICO FLIGHT SUPPORT GROUP earned $143m on $925m sales in year ended Oct 31 vs $242m on $1.2b a year ago.

SIMAERO, France upgraded/certified its 737-800 full flight simulator with upset prevention and recovery training (UPRT), full stall and icing

US CONGRESS passed the Aircraft Certification, Safety and Accountability Act born out of issues uncovered in the 737 MAX investigations and reports to

MOOG has acquired GENESYS AEROSYSTEMS GROUP, TX (avionics; includes S-TEC) from McNally Capital for $77.7m.

CAE has acquired MERLOT AERO, New Zealand (crew management/optimization software) in deal valued at up to C$35m.

PRECINMAC, ME acquired SHIELDS MANUFACTURING, OR (precision CNC machined components and assemblies).