Aerospace

Archer Aviation has conducted the first uncrewed test flight of its Midnight electric-vertical-takeoff-and-landing air taxi.

The industry is on the fast track to net-zero carbon emissions by 2050 but faces considerable hurdles, executives said at the NBAA-BACE show.

South Korea’s 4.5-generation fighter program is looking for external support after keeping the KF-21 flight test on track.

The United Arab Emirates is partnering with startups to position itself as a center for advanced air mobility development.

Scientists suspect a metal asteroid the mission will explore may be the remnant of early planet.

The defense giant has transferred all intellectual property for its hybrid airships to spinoff AT² Aerospace.

A transmission upgrade underway for the KUH-1 Surion may help pave the way to a high-speed helicopter in the 2030s.

Overair has announced an agreement to sell 20 of its electric-vertical-takeoff-and-landing vehicles to South Korean helicopter operator HeliKorea.

CRANE AEROSPACE & ELECTRONICS earned $40m on $207m sales in 3Q23 vs $28m on $167m in 3Q22.

HEXCEL had $38.7m net income on $419.5m sales in 3Q23 vs $26.8m of $364.7m in 3Q22; commercial aerospace sales rose 20.5% to $251.9m, driven by A350 and 787 programs with total narrowbody sales unchanged from 3Q22.

Europe’s space workforce grew by 8.2% in 2022 over the prior year, the Space Foundation says in a quarterly report on the state of the space industry.

SITA was selected by Azul to supply eWAS and OptiClimb solutions for trial.

GRIFFIN GLOBAL ASSET MANAGEMENT and BAIN CAPITAL SPECIAL SITUATIONS agreed to acquire pool of 17 Trent engines, to be owned by newly formed standalone entity, for use as spares for Rolls-Royce global customer base.

CAE agreed to sell its Healthcare business for enterprise value of C$311m.

SKYTRAC was selected by Canada's Carson Air to supply Iridium Certus SDL-350 satellite system for its King Air 360s.

JETTAINER extended its ULD management contract with ITA Airways.

EFW was selected by Iberia to supply lightweight Airbus Airspace L Bins for retrofit on its A320s starting in early 2025.

PRATT & WHITNEY lost $2.5b on $926m sales in 3Q23 vs $316m profit on $5.4b in 3Q22; drop in sales included the impact of a charge related to the powder metal matter of $5.4b, with remaining change driven by increases of 25% in commercial OE and 21% in commercial aftermarket. It delivered 261 large commercial engines in 3Q23 vs 192 in 3Q22.

GE AEROSPACE earned $1.7b on $8.4b revenues in 3Q23 vs $1.3b on $6.7b in 3Q22, delivering double-digit growth in orders; spin-off of company is planned in 2Q24. It delivered 520 commercial engines (389 LEAPs) vs 489 (347) a year ago.

COLLINS AEROSPACE earned $903m on $6.6b sales in 3Q23 vs $742m on $5.7b in 3Q22; profit included a $57m charge related to a litigation matter and a $83m related to restructuring and other significant and/or non-recurring items.

General Electric (GE) had a strong third quarter that exceeded Wall Street expectations with its aerospace business benefiting from robust aftermarket demand.

Russian officials admitted to Aviation Week that they were using remains from a U.S. Air Force F-117 shot down during the 1999 Kosovo campaign to improve the ability of their air defense systems to detect and kill stealth aircraft.

Guy Norris, Senior Editor at Aviation Week Network, outlines the features of Rolls-Royce's permanent magnet radial flux motor on display at NBAA-BACE 2023.

Limited performance and questions of safety could restrict the vehicle to the Chinese market.

Aging fleets and regional instability are making Gulf Cooperation Council member countries prime marketing opportunities for airlifter OEMs.