The aerospace and defense sector has long faced formidable labor challenges, from an aging workforce to a growing shortage of crucial engineering talent.
In a healthy defense industrial ecosystem, companies occupying the middle ground—between the many small companies and a few large ones—perform important systemic roles.
Archer expects to make the first transition of its full-scale Midnight prototype in the coming months, marking a key milestone in development of its air taxi.
The Austrian aerospace company recorded significant revenue growth in the first quarter of 2024 but is staying flexible as aircraft deliveries remain uncertain.
Former Boeing CEO and Chairman Frank Shrontz, who led the company through key developments ranging from the 747-400 and 777 to the space station, died aged 92.
