Hexcel

Diversified supplier Hexcel sees growing demand for a wide variety of its defense products from customers in the U.S. and Europe.

Diversified supplier Hexcel is upbeat about market opportunities from rising defense budgets in the U.S. and internationally.

The tariffs beginning to disrupt the aerospace and defense industry were the least of Hexcel’s problems in a tepid first quarter performance.

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.

Hexcel had a good second quarter despite the travails faced by its key customers Boeing and Airbus.

Word from Hexcel that it is cutting full-year guidance based largely on lower commercial production rates could be a harbinger, analyst commentary suggests.

Utah has launched a project to establish an advanced air mobility (AAM) ecosystem in the state ahead of the 2034 Winter Olympic Games.

Now CEO of Hexcel, Tom Gentile has been reflecting on his time at the helm of troubled aerostructures giant Spirit AeroSystems.

Hexcel reported first-quarter 2024 results including net sales of $472 million and adjusted diluted earnings per share (EPS) of $0.44 per share.

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.