Aerospace

TRIMAS AEROSPACE earned $5.1m on $49m sales in 1Q20 vs $5.8m on $46m in 1Q19; it represents 27% of TriMas business.

MTU AERO ENGINES had €111.8m net income on €1.3b revenues in 1Q20 vs €126.5m on €1.1b in 1Q19. It assumes COVID-19 crisis will have a negative impact

EATON AEROSPACE earned $147m on $680m sales in 1Q20 vs $137m on $604m in 1Q19; its 13% increase in sales was driven by 14% increase from acquisition

CFM INTERNATIONAL delivered 326 (54 CFM56s/272 LEAPs) engines in 1Q20 vs 577 (153 CFM56s/424 LEAPs) in 1Q19.

GE AVIATION earned $1b on $7.4b sales in 1Q20 vs $1.7b on $8b in 1Q19; orders fell 14%. It says earnings drop is primarily due to lower volumes and

Airports Council International (ACI) World and the International Air Transport Association (IATA) have today come together to call for governments to quickly grant financial relief to assist airport operators and airlines during the unprecedented COVID-19 crisis and support the essential connectivity the industry will provide for economic recovery.

Boeing President and CEO Dave Calhoun has issued a letter to Boeing employees addressing aerospace market realities.

Teal Group analyst Richard Aboulafia joins Aviation Week editors on Check 6 to discuss the sudden collapse of the $4.2 billion tie-up and its implications for both companies—and for Airbus.

It is critical that aerospace companies invest in strategic priorities now to ensure their long-term competitiveness.

After a late start, European industry is moving to close gap on high-speed missiles.

The Federal Communications Commission green-lights a terrestrial 5G system opposed by many federal government agencies and aerospace companies.

Some airlines in Europe, now bolstered by hefty state aid packages, are trying to assess how their businesses will fare after the crisis.

Engine-makers prepare for a harsh new reality amid precipitous declines in demand for new powerplants and shrinking aftermarket services.

The U.S. Air Force has expanded its interest in emerging electric vertical-takeoff-and-landing aircraft to encompass vehicles able to carry one-two people or more than 500 lb. of cargo.

Patrick Cusk to President of Commsoft, UK.

SAFRAN secured €5.4b revenues in 1Q20 vs €5.8b in 1Q19: Aerospace Propusion revenues dropped 9.9% with delivery of 326 (54 CFM56s/272 LEAPs) engines

BOEING is projecting an acceleration of aircraft retirements coming out of COVID-19 crisis, enahncing new aircraft deliveries.

VELO3D raised additional $28m funding from new investors Piva and TNSC and existing investors Bessemer Venture Partners, Playground, and Khosla

Martin Nüsseler to Chief Technology Officer of Deutsche Regional Aircraft (DRA), Germany.

BOEING COMMERCIAL AIRPLANES reported drop in operating margins to -33% in 1Q20 due to lower deliveries, $797m of abnormal production costs from

US BUREAU OF ECONOMIC ANALYSIS is estimating that US GDP decreased at an annual rate of 4.8% in 1Q20.

BOEING announced plan to cut employment by about 10% companywide through voluntary layoffs (VLO), natural turnover and involuntary layoffs as

AIRBUS posted €481m net loss for 1Q20 (vs €40m net profit in 1Q19) on 15% lower consolidated revenues; Airbus (commercial aircraft) revenues dropped

BOEING posted $641m net loss for 1Q20 (vs $2.1b net profit in 1Q19) on 26% lower revenues (48% lower Commercial Airplane revenues). It is reducing 787

Manufacturers of high-altitude pseudo-satellites (HAPS)–stratospheric balloons and unmanned aircraft–are touting a multibillion-dollar market opportunity in telecommunications, Earth observation and weather prediction.