Scotland-based Spirit AeroSystems (Europe) has signed a term sheet in principle with UK startup Electric Aviation Group (EAG) to collaborate on the development of technologies to support zero-emission flight.
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.