Thermoplastic composites require further development before aircraft manufacturers can rely on them for large aircraft components, the CEO of Hexcel Global says
Future reliance on composites—for their lighter weight and ability to adopt more complex shapes—will require far-reaching adjustments at aerostructures factories.
Hexcel, which supplies advanced composites to more than 100 military aircraft, sees growing demand for its products globally as countries hike defense spending.
Super Tier 1 suppliers are dusting off their pandemic playbooks over cost escalations during that crisis in order to manage the next wave of challenges.
Hexcel posted revenue of $474 million in the December quarter, up 4% year-on-year, while earnings per share of $0.52 just edged out Wall Street’s expectations.
During an earnings call, Hexcel’s management highlighted “new challenges and shortages” in the supply chain that are adversely affecting production rates.
Word from Hexcel that it is cutting full-year guidance based largely on lower commercial production rates could be a harbinger, analyst commentary suggests.
This week’s staff movements highlight changes at one of the world’s most distinctive airports, an ambitious British startup, and a growing U.S. airport.
Tom Gentile succeeds Chairman, CEO and President Nick Stanage, “who worked closely with the board on his desire to retire at the end of the year,” Hexcel says.
The FAA’s decision to freeze 737 MAX production levels likely does not have a significant effect on top suppliers, according to executives and analysts.
