“China poses a far more complex and pervasive threat to businesses than even most sophisticated company leaders realize,” FBI Director Chris Wray said.
Daher, the French-based maker of TBM turboprops and the Kodiak 100 utility aircraft, has purchased Triumph Group’s metallic and composite aerostructures facility in Stuart, Florida.
Virgin Galactic has signed an agreement to partner with Boeing subsidiary Aurora Flight Sciences to build two new White Knight Two jets to carry its air-launched passenger suborbital spaceships.
Vertical Aerospace has partnered with Taiwan’s E-One Moli Energy to supply lithium-ion battery cells for its VX4 electric vertical takeoff and landing air taxi.
Midway through 2022, the priority for advanced air mobility companies is on certifying aircraft, but just as important is sizing the future market and where the vehicles will be located.
It was another tough week for the Advanced Air Mobility Stock Composite, with the index falling to $40 for the week ending July 1, down from $43.08 a week ago.
The partners in a project to convert the Cessna Caravan to electric propulsion have formed a new company to develop and offer battery-electric and hydrogen-electric powertrain retrofits for a range of turboprop commuter aircraft.
UK electric propulsion startup Evolito has acquired battery developer Electroflight, expanding its business to encompass motors, controllers and energy storage systems.
