Boeing has inaugurated its new Engineering Center within the Cici & Hyatt Brown Center for Aerospace Technology at Embry-Riddle Aeronautical University’s Research Park in Daytona Beach, Florida. The state-of-the-art facility is now operational and will play a critical role in advancing Boeing’s defense and aerospace projects while deepening its collaboration with one of the world’s leading aviation universities.
Boeing has announced a leadership transition in its finance division with the appointment of Jesus Malave as Executive Vice President and Chief Financial Officer (CFO), effective 15 August 2025. He will succeed Brian West, who will take on a new role as Senior Advisor to Boeing President and CEO Kelly Ortberg.
Fitch Ratings, one of the world’s major credit rating agencies, has affirmed the ‘A-’ Long-Term Issuer Default Ratings (IDRs) for AVIC Innovation Holding, a major Chinese aerospace conglomerate. The ratings apply to both the foreign- and local-currency IDRs and reflect the company’s robust credit profile. The Outlook remains Stable, indicating that Fitch does not expect any immediate changes in…
StandardAero has posted strong financial results for the first quarter of 2025, underscoring the continued momentum in the global MRO and aerospace services market. The company reported a 16.2% year-on-year revenue increase, reaching $1.43 billion, while net income rose to $59.8 million.
Airbus, the European aerospace giant, has reaffirmed its financial and delivery forecasts for 2025, despite acknowledging that supply chain pressures and ongoing trade tensions could influence its performance. The company remains cautiously optimistic about meeting its production goals but flagged challenges that may arise due to global economic and geopolitical conditions.
Boeing announced its delivery results for 2024, confirming a total of 348 aircraft delivered over the year. In the fourth quarter alone, the company delivered 57 aircraft, maintaining a steady output despite industry-wide challenges such as supply chain constraints and delivery delays. This performance highlights Boeing’s ongoing efforts to stabilize production and meet the growing demand for both passenger and…
Werner Aero (US) has officially become a wholly owned subsidiary of Sumitomo Corporation of Americas (US), following its full acquisition by Sumitomo Corporation (Japan) and its US division on 27 December 2024. This strategic acquisition marks an important step in strengthening Sumitomo’s global presence in the aviation sector.
Spirit AeroSystems Holdings, a leading U.S.-based manufacturer in the aerospace sector, has announced a purchase agreement to sell its subsidiary Fiber Materials to Tex-Tech Industries. The deal is valued at $165 million in cash, subject to customary adjustments.
Triumph Group, a US-based aerospace systems and components provider, has reported its financial results for the second quarter of fiscal 2025, which ended September 30, 2024. The company achieved a 1% increase in net sales, totaling $287.5 million, and posted net income from continuing operations of $11.9 million. These results reflect Triumph Group’s steady progress in its fiscal strategy, focusing on enhancing…
Boeing is reportedly exploring the potential sale of its Jeppesen navigation unit as part of a broader strategy to alleviate its significant $58 billion debt load. Jeppesen, known for its comprehensive navigational and flight planning solutions, has been a part of Boeing since 2000, providing services essential to pilots, airlines, and flight operators worldwide. This prospective sale underscores Boeing’s commitment…
