The big engine OEMs GE Aerospace and Pratt & Whitney have been making good progress on solving some of the supply chain issues, but they will remain for months to come. In fact, it will take until the end of this year until the production of structural castings...
GE Aerospace has shared more details about the hybrid-electric technology demonstration project that was awarded funding in October under Europe’s Clean Aviation research program. Called AMBER, the program will be led by GE’s Italian business unit Avio Aero to study...
Engine makers Pratt & Whitney and General Electric continue to suffer from supply chain and labor issues. Although there seem to be some stabilization and engine deliveries were higher in Q3 than in previous quarters, both OEMs are confronted with the same issues...
General Electric announced its 3Q22 earnings at $0.35 and missed consensus by $0.14. The company is a complex conglomerate with revenues spread among healthcare, renewal, power, and aviation. The split comes with three segments, GE Healthcare, GE Vernova (energy...
The CFM International RISE (Revolutionary Innovation for Sustainable Engines) Technology Demonstration Program was launched on June 14, 2021. Program goals include reducing fuel consumption and carbon dioxide (CO2) emissions by more than 20% compared to today’s most...
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