Boeing is investing further in the Montreal aerospace hub after winning the award for Canada’s ASW competition with the P-8A Poseidon over a competing bid from Bombardier. The company already has a strong regional presence, with over 500 suppliers for…
MTU Aero Engines reported a strong 1st quarter, with adjusted revenues up 8% year over year to €1.54 billion, with Adjusted EBIT of €218 million, compared with €212 million in the prior year. “MTU managed to match the record…
Ahead of tomorrow’s investor day, GE’s aerospace unit reinforced its 2024 financial targets while authorizing up to $15 billion in share repurchases. This is part of a plan to return 70% to 75% of cash to shareholders. GE Aerospace’s revenues…
Boeing confirmed that it is in talks to re-acquire Spirit AeroSystems Holdings, Inc. to bring the quality plagued supplier of fuselages and components for the troubled Boeing 737 MAX program back in house. Boeing spun off Spirit in 2005, and…
The air show gets all the attention, but once the show is over, what remains? It appears that big things are happening in Singapore that will anchor the state in commercial aviation. In 2021, GE celebrated 40 years for GE Aviation…
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