The U.S. Export-Import Bank has renewed a guarantee supporting aircraft-engine sales while Reta Jo Lewis has been nominated to lead the export credit agency.
Thomas Huber will lead Mercury’s “1MPACT” strategic review announced last month during its fourth-quarter fiscal 2021 earnings release, when it acknowledged a slowdown in organic business growth.
Vertex Aerospace, a legacy L3 Technologies unit providing logistics, MRO and supply chain management, has bought up a number of business lines from Raytheon Technologies as it moves into the latter stages of post-merger divestitures.
The U.S. Transportation Department (DOT) has identified 313 aerospace businesses to be awarded $482.3 million in funding, with Spirit Aerosystems garnering the lion’s share at more than $70 million.
Energy giant Chevron and renewable fuel producer Gevo have signed an LOI to build one or more facilities to process inedible corn into sustainable aviation fuel (SAF).
The tracking service will use laser ranging to monitor objects in low Earth orbit, offering satellite operators the ability to identify collision threats and maneuver accordingly.
The grant supports an A$8 million program that will run to December 2023 which involves development and optimization of a quiet, efficient and lightweight propulsion system that increases the range and reduces the noise and cost of the Vertiia.
High-profile electric air taxi startup Lilium will become a publicly traded company Sept. 15 when its Class A ordinary shares and redeemable warrants will be listed on the Nasdaq stock exchange under the ticker symbols “LILM” and “LILMW” respectively.