CPI Aero acknowledged late Sept. 23 that it has been notified by the premiere stock exchange that it does not meet the NYSE’s continued listing standards.
Boeing will build a final assembly facility for the Airpower Teaming System (ATS) in the state of Queensland, Australia, to begin serial production of the autonomous unmanned aircraft.
Dassault Aviation has opened a new 28,000-sq.-ft. facility at its plant in Bordeaux-Merignac, France, dedicated to the design and development of its civil and defense business and after-sales support teams.
Paris has recalled its ambassadors from Australia and the U.S. and canceled defense talks with the UK following Canberra’s decision to halt a multi-billion euro submarine procurement from France in favor of a nuclear submarine buy with the U.S. and UK.
L3Harris Technologies announced plans to grow a classified campus in Fort Wayne, Indiana, to meet expected business demand from the Pentagon’s “growing and urgent need for advanced, resilient satellites.”
Thomas Huber will lead Mercury’s “1MPACT” strategic review announced last month during its fourth-quarter fiscal 2021 earnings release, when it acknowledged a slowdown in organic business growth.
Vertex Aerospace, a legacy L3 Technologies unit providing logistics, MRO and supply chain management, has bought up a number of business lines from Raytheon Technologies as it moves into the latter stages of post-merger divestitures.
TransDigm Group is walking away from its preliminary $11 billion offer for Meggitt, leaving the latter to be acquired by Parker-Hannifin as agreed to in early August.
Robert Mehrabian will resume his role as Teledyne's chairman, president and chief executive officer after current officeholder Al Pichelli retires on Oct. 15.
Efforts by NASA to develop a next-generation spacesuit face significant cost and schedule challenges that will push back its availability to April 2025 at the earliest, according to audit by the agency’s inspector general.