Aerospace suppliers are taking different approaches on whether to cut employees as they wrestle with the fallout of the Boeing 737 MAX production halt, with some already doing so while others announce they will not.
Airbus has reached an “agreement in principle” with France’s financial prosecutor (Parquet National Financier or PNF), the UK Serious Fraud Office (SFO) and U.S. authorities, the company confirmed Jan. 28.
The whistleblower contends Lockheed Martin has been applying a chemical to seal the C-130J’s integral fuel tank that may have long-term health consequences for those applying it and others nearby.
BAE Systems’ move to bulk up its U.S. defense subsidiary with the acquisitions of a core piece of the erstwhile Rockwell Collins and a competitor unit to rival prime L3Harris Technologies will come at a premium, analysts said.
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
Honeywell is partnering with iTRACE and SecureMarketing to fight counterfeit activity in the e-commerce market of aerospace products using blockchain tech.