The acquired business employs 4,000 people and supplies systems for 180 platforms; it will be consolidated within Safran Electronics & Defense as of Aug. 1.
Senior has struck a deal to sell its loss-making aerostructures business in a $270 million transaction with UK private equity firm Sullivan Street Partners.
Embraer CEO Francisco Gomes Neto warned that U.S. tariffs on Brazilian imports could have the same revenue impact on the manufacturer as the COVID-19 pandemic.
More than five months into the second Trump administration, it is becoming increasingly clear who the winners and losers are in Western aerospace and defense.
Safran has laid the first stone for a new turbine blade factory in Rennes, France, as the group creates the foundry for its civil Leap and military M88 engines.
Boeing has begun construction of the first composite wing for the 777-8 Freighter as other major sub-assemblies come together at supplier sites in Japan.
The maker of the Predator and Reaper family of uncrewed aircraft systems now finds itself as the target of an industry newcomer, but GA-ASI is fighting back.
Strong June deliveries signal Boeing’s recovery is gaining momentum, but system tests on 737-10s remain a challenge toward completing MAX family certification.
