Last year turned out to be the ugliest for Boeing’s finances in a generation, with the Chicago-based manufacturer of the 737 MAX and other aerospace and defense products reporting a net loss of $636 million.
U.S. National Laboratory facilities aboard the International Space Station set records for crew time and new payloads devoted to scientific research and technology advances in fiscal 2019.
Ankara-based Turkish Aerospace Industries (TAI) president & CEO Temel Kotil said producing the nation’s first passenger narrowbody aircraft is still on the company’s master plan but is currently on hold.
Aerospace suppliers are taking different approaches on whether to cut employees as they wrestle with the fallout of the Boeing 737 MAX production halt, with some already doing so while others announce they will not.