A wave of space startups suddenly going public in SPAC deals is revving up an already excited sector. But one of them is ahead of others and is about to take another giant leap.
Kelly Ortberg, the former head of Collins Aerospace who was a key leader in the supplier’s melt-up into Raytheon Technologies, has left its executive ranks, company representatives confirmed.
A cyberattack on a newly acquired manufacturing asset and a foreign policy shift by the new Biden administration combined to overshadow topsized financial results disclosed by aerospace supplier Kaman on Feb. 26.
Spirit AeroSystems is growing the defense part of its revenue streams faster than expected, which is mildly helping to offset lost work in making airliners, the company’s CEO said Feb. 23.
Advanced air mobility startup Lilium has selected Spanish aerostructures supplier Aciturri to build the composite airframe for its electric vertical-takeoff-and-landing (eVTOL) air taxi.
Boeing says that its recently completed deal with Tata-Boeing Aerospace Limited (TBAL) to build 737 vertical fins in India will augment rather than replace existing fin production in China and South Korea.
Around a decade after preparing to divest its aerostructures businesses, Airbus is now reversing course and wants to keep component manufacturing inside the group for the long term.