Baltic Aviation Academy, based in Lithuania, has placed an order with Textron Aviation for 48 Cessna 172 Skyhawk single-engine aircraft, with delivery in 2026.
Canadian aerospace and defense training leader CAE will use proceeds from the sale to pay off debt and invest in its core training and simulation markets.
L3Harris is expanding its presence in the aftermarket by getting into the used equipment business, a space in which it historically has not participated.
HEICO Corporation had a strong fiscal third quarter as its revenue rose 27% to a record $722.9 million and operating income increased 16% to $149.4 million.