RTC Aerospace, a subtier precision-manufacturing company for aerospace and defense, has changed owners, with private-equity firm Stellex Capital taking over from investor and former CEO Brad Hart as the business eyes acquisition growth.
Howmet Aerospace sees potential for growth as airframe and engine manufacturers shift their titanium supply chain sourcing away from Russia but will not alter its business strategy to chase market share, its top executive said.
Rolls-Royce has reached a key milestone in its UltraFan technology demonstrator programme as the power gearbox (PGB) is dispatched from the company’s site in Germany.
The zero-emission propulsion startup Hydrogen is to locate manufacturing and distribution of its modular hydrogen capsules and assembly of regional-aircraft powertrain retrofit kits at the New Mexico facility.
Menlo Microsystems is targeting end-users in aerospace and defense, among other key markets, for a device that marries a mechanical relay and a semiconductor switch.
By Joe Anselmo, Jens Flottau, Daniel Williams, Ron Epstein
Bank of America’s Ron Epstein joins our experts to assess the industry’s reliance on Russian metals and whether lessors could lose hundreds of aircraft.
CPI Aerostructures CEO and President Douglas McCrosson is leaving, the embattled Tier 1-2 defense supplier announced March 9, and outside industry veteran Dorith Hakim has been hired as successor CEO.
Bombardier has suspended all activities with Russian clients, including all forms of technical assistance as the war in Ukraine continues, according to the Montreal-based OEM.