Aerospace

Universities, in partnership with industry and government, must ensure a highly trained commercial space workforce is ready for blastoff.

BOEING expects the supply chain will be restrained in 2022 and possibly 2023.

BOEING continues to target first delivery of 777X in late 2023; it has 320 on backlog. It is also evaluating the timing of a freighter version of the

GE AVIATION has multiple cost-share contracts (under HyTEC program) worth $20m by NASA test/mature compact jet engine core designs, including

Automated flight control system startup Skyryse has raised $200 million in funding and signed partnerships with five fixed- and rotary-wing aircraft manufacturers, including Robinson Helicopter.

Avantus Aerospace has sold off its remaining composite business lines to other private equity investors and to Latécoère so it can focus on fasteners and C-class parts for the metal-friendly narrowbody production ramp-up.

BOEING had $132m net loss on $15.3b revenues in 3Q21 vs $466m loss on $14.1b in 3Q20; it believes it has sufficient liquidity and will be cash flow

Hydrogen-propulsion startup ZeroAvia has partnered with the Royal Schiphol Group to launch zero-emission commercial passenger flights between Rotterdam The Hague Airport and London with a 19-seat aircraft in 2024.

ZEROAVIA, UK teamed with Royal Schiphol Group and Rotterdam The Hague Innovation Airport Foundation to test and demonstrate supply chain refuelling

SIMAERO, France has EASA certification for 737-800 full-flight simulator after a full upgrade of the flight model software (new Boeing model Block 3.0

VERTICAL AEROSPACE, UK secured $205m in additional funding from Mudrick Capital Management ($200m) and Kouros SA ($5m) to support path to scale

ENTROL installed an en-1000x FNPT II simulator for Air Plan Aviation, Greece.

BOEING forecasts (as part of CMO announced last month) demand in Russia/Ukraine/CIS for 1,540 aircraft worth $200b over next 20 years to satisfy 2.9%

BOEING GLOBAL SERVICES earned $644m on $4.2b revenues in 3Q21 vs $271m on $3.7b in 3Q20; it has $19b backlog.

BOEING says since FAA approval to return the 737 MAX to service, it has delivered >195 aircraft and airlines have returned >200 to service; with

BOEING says it is focusing 787 production resources on inspections/rework and continues to work with FAA on required actions for resuming delivery

LATÉCOÈRE acquired SHIMTECH DE MEXICO, Hermosillo (composite assemblies/components) from Avantus Aerospace.

UK electric air taxi startup Vertical Aerospace has secured additional funding tied to its planned going-public merger with blank-check company Broadstone Acquisition.

Forget offshoring or reshoring—the new trend in the U.S. defense is intershoring.

DE HAVILLAND finalized new 3-year contract with Unifor members, ending 3-month strike at Downsview facility in Toronto.

PAN AM FLIGHT ACADEMY says recently acquired 757-200 full-flight simulator (RB211s) has been installed in Miami and ready for operation (SPNWS; Aug 6)

FLIGHTSAFETY INTERNATIONAL was selected by Breeze Airways to supply A220 and E190 full flight simulators (FFS) and FTDs for delivery in 2022; as part

CRANE AEROSPACE & ELECTRONICS earned $33m on $169m sales in 3Q21 vs $25m on $157m in 3Q20; it has $479m backlog.

Wing is expanding its drone delivery operations from smaller towns into more complex urban areas with plans to begin on-demand store-to-door deliveries in metropolitan Dallas-Fort Worth.

Embraer subsidiary Eve Air Mobility will launch a month-long simulated urban-air-mobility (UAM) trial in Brazil on Nov. 8, connecting the affluent coastal suburb of Barra de Tijuca with Rio de Janeiro’s Galeão International Airport.