Created as part of the American Rescue Plan Act signed into law in March 2021, the program makes available $3 billion in total payroll support for aviation manufacturing companies that furloughed workers during the COVID-19 pandemic.
The OEM is hoping that by proving its ability to produce H175 components normally supplied by Chinese industry within Europe, it could comfortably propose a military version—called H175M—to meet the UK’s upcoming New Medium Helicopter (NMH) need.
The former Triumph Group aerostructures business recently acquired by private equity firm Arlington Capital Partners has been rebranded Qarbon Aerospace and could be looking to acquire other assets in the embattled sector.
Olivier Jarrault, most recently CEO of LEAP engine blade maker Albany International during a dynamic two-year stint, is now CEO of Cadence Aerospace, a relatively new private equity-backed machined-parts producer for aerospace and defense OEMs and others.
Dave Calhoun is giving himself a dual mandate of returning Boeing to financial eminence while reinstalling engineering prowess. The gambit could decide the embattled company’s fate.