Aerospace

Derek Kan, former Under Secretary of Transportation for Policy at US DOT, was appointed to Management Advisory Council (MAC) of FAA.

HEICO FLIGHT SUPPORT GROUP earned $143m on $925m sales in year ended Oct 31 vs $242m on $1.2b a year ago.

SIMAERO, France upgraded/certified its 737-800 full flight simulator with upset prevention and recovery training (UPRT), full stall and icing

US CONGRESS passed the Aircraft Certification, Safety and Accountability Act born out of issues uncovered in the 737 MAX investigations and reports to

MOOG has acquired GENESYS AEROSYSTEMS GROUP, TX (avionics; includes S-TEC) from McNally Capital for $77.7m.

CAE has acquired MERLOT AERO, New Zealand (crew management/optimization software) in deal valued at up to C$35m.

PRECINMAC, ME acquired SHIELDS MANUFACTURING, OR (precision CNC machined components and assemblies).

Industry players are stepping up commitments, research and programs to meet industry sustainability targets of halving carbon emissions by 2050

Competitors wasted little time taking advantage of the U.S. Commerce Department announcement that it had added Chinese drone manufacturer DJI to its export blacklist.

Grant Bennett to Chief Executive Officer of STG Aerospace, UK.

LOCKHEED MARTIN agreed to acquire AEROJET ROCKETDYNE, CA (rocket engine manufacturer) in deal valued at $4.4b.

TRIUMPH GROUP combined its interiors MRO and manufacturing businesses into one location in Hot Springs, AR.

Jaunt Air Mobility has signed a memorandum of understanding with propulsion developer VerdeGo Aero to study a hybrid-electric version of Jaunt’s planned Journey urban air taxi.

Nanoracks’ commercial airlock, which was launched to the International Space Station (ISS) earlier this month aboard the first launch of SpaceX’s upgraded cargo version of the Dragon capsule, has been successfully removed from the freighter’s unpressurized trunk and berthed to the port side of the orbital outpost’s U.S. segment Tranquility module.

The launch of 36 OneWeb satellites follows the company's emergence from bankruptcy.

Epirus, a startup building high-power microwave (HPM) applications for UAV deployment, closed a $70 million funding round that included an investment by L3Harris Technologies.

The project could provide yet another opportunity for more retail-level investors to get in on the growing space economy.

AAR had $8.2m net income on $404m sales in second quarter ended November 30 vs $14.2m on $561m a year ago.

PRATT & WHITNEY reports GTF engines on A320neo Family aircraft have achieved engine dispatch reliability rate of 99.98%.

ASTM INTERNATIONAL has approved a standard guide for aircraft certifications of aerospace engineers and professionals, addressing knowledge

The U.S. Commerce Department on Dec. 18 added 77 mostly Chinese companies, including small drone manufacturer DJI, to its Entity List of companies subject to export restrictions “for actions deemed contrary” to U.S. interests.

Altitude Angel and Inmarsat have demonstrated a deployable UTM system that incorporates satellite communications to track drones flying beyond the visual range of an operator.

Slattery wants the engine manufacturer to become more agile, is bullish about the 737 MAX and cautious for future hydrogen propulsion.

The commercial rotorcraft industry has weathered the pandemic, but key programs are facing more delays.

North filed pilot reports on more than 120 aircraft and was a protector of his staff and the publication.