Last month, PCX Aerosystems announced it was buying nearby Senior Aerospace Connecticut. This month, Greenbriar Equity Group announced it will buy PCX from RFE Investment Partners.
Airbus CEO Guillaume Faury warned April 29 that there is a “lack of predictability” as to the expected recovery of the industry as trends have diverged in different regions, even though the company posted relatively good results for the first quarter.
Depressed commercial aerospace returns still could not dampen earnings or sentiments at Raytheon Technologies after the company April 27 reported its mildly better-than-expected financial results for the first quarter of 2021.
A common practice used by airlines to reduce fuel costs could undermine the objectives of a planned EU mandate to blend sustainable aviation fuel (SAF) with fossil jet fuel starting in 2025, an environmental organization has warned.
Morf3D, an additive manufacturing startup that once was the darling of Boeing new-investment efforts, has a new 90,000-sq.-ft. headquarters in Long Beach, California, and is now controlled by Japanese camera giant Nikon.
Spirit AeroSystems is now making several changes it had wanted to make eventually in a much quicker fashion—potentially turning its labor-intensive, 20th-century style factories into modern marvels of digitally driven lean manufacturing efficiency.