Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense. He previously worked as a journalist in Taiwan for eight years, covering semiconductor supply chains, defense and geopolitics. Prior to that he was based in Shanghai for five years covering the technology and hospitality sectors. He is proficient in Mandarin Chinese and French. Matthew holds a Master of International Affairs from the School of International and Public Affairs at Columbia University and a BA in History from Kenyon College.
Mercury Systems had a respectable fiscal 3Q, but overshadowing the performance was significant pressure on margins tied to slow-moving development programs.
Woodward’s sales rose 22% annually to $718 million in the second quarter of fiscal 2023, driven by robust demand in the aerospace and industrial markets.