EPlane, an electronic marketplace startup for aviation aftermarket parts and MRO, announced March 24 that it landed $9 million in new funding from Japanese conglomerate Marubeni Corp.
CPI Aerostructures of Edgewood, New York, said March 24 it will remain open and operating after state officials branded it an “essential business” to keep going while Albany leaders otherwise roll out a shelter-in-place mandate for New York residents.
With the defense industrial base formally declared "critical infrastructure," the Defense Department is emphasizing the supply chain's "special responsibility" to maintain schedules.
Aerospace manufacturing has awakened to a nightmare. Customer demand could swoon as air travel is crippled, battering a sector already reeling from narrowbody and widebody cuts alike.
Airbus UK and Rolls-Royce have joined a list of companies that have responded to a British government call for the rapid production of medical ventilators to treat people suffering with the COVID-19 virus.
Boeing called for the U.S. government to provide a minimum of $60 billion in aid to the aerospace manufacturing community in response to the COVID-19 coronavirus crisis that has cratered air travel and could trigger a worldwide recession.
Leonardo says its takeover of Swiss helicopter manufacturer Kopter will help it accelerate the “development of capabilities” for light, single-engine helicopters.
Companies such as Teledyne, TransDigm and Heico are leading a breed of A&D players with “horizontal” external growth strategies and impressive track records.