OneWeb has said there are no plans to close its Merritt Island, Florida, factory, even though the company has disclosed its intention to build its next-generation satellites in the UK.
Aerospace and defense supplier Arch Precision Components is continuing its roll up of manufacturing assets with the Nov. 17 announcement that it has acquired premier sheet metal fabricator Metalcraft Technologies.
CPI Aerostructures, a Tier 1 supplier to defense aircraft OEMs and Tier 2 subcontractors, said Nov. 17 it will report $2.5 million more in net losses for 2019-20 after a long-running review of prior financial filings.
Avantus Aerospace has sold off its remaining composite business lines to other private equity investors and to Latécoère so it can focus on fasteners and C-class parts for the metal-friendly narrowbody production ramp-up.
Texas took the top spot in the consultancy’s annual Aerospace Manufacturing Index rankings thanks to union-leading scores in subcategories including industry, economy and tax policy.