Category: Aerospace / Defense

Embraer Report Deliveries in 3Q
2. 11. 2020 No Responses

Embraer Report Deliveries in 3Q

Embraer delivered a total of 28 jets in quarter three, of which seven were commercial aircraft and 21 were executive jets (19 light and 2 large). As of Sept. 30, the firm order backlog totaled $15.1 billion. During quarter three,...
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Germany walks away from Lockheed, Boeing cargo helicopter offers
7. 10. 2020 No Responses

Germany walks away from Lockheed, Boeing cargo helicopter offers

The German Defence Ministry wants to start fresh on a new heavy transport helicopter after finding that offers from American firms Boeing and Lockheed Martin for the Chinook and the King Stallion, respectively, were too expensive, officials announced Tuesday. ...
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Raytheon to axe more than 15,000 jobs
18. 9. 2020 No Responses

Raytheon to axe more than 15,000 jobs

Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid a broad downturn in the airline industry Total...
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How the Aerospace and Airlines Sector See the Speed of Recovery
16. 9. 2020 No Responses

How the Aerospace and Airlines Sector See the Speed of Recovery

The timeline for a passenger traffic recovery remains uncertain. The IATA does not expect passenger traffic to return to pre-COVID-19 levels until 2024. Leeham Co. predicts that it will take four to eight years before traffic returns to pre-COVID-19 levels....
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Hypersonic Weapons from Lockheed and Raytheon
6. 9. 2020 No Responses

Hypersonic Weapons from Lockheed and Raytheon

New hypersonic weapons from Lockheed Martin (ticker: LMT) and Raytheon Technologies (ticker: RTX) are ready for powered flight tests by the end of the year. The two variants of the Hypersonic Air-breathing Weapon Concept (HAWC) have successfully flown ca...
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Comac C919: A Competitor to Airbus and Boeing
3. 9. 2020 No Responses

Comac C919: A Competitor to Airbus and Boeing

As of the beginning of this year, more than 200 extra airports were scheduled to be built in China over the next 15 years to cope with the relentless growth spurt. And, not so long ago, Boeing’s 2019-2038 Commercial Market...
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Amazon gets FAA approval to deliver packages by flying drones
1. 9. 2020 No Responses

Amazon gets FAA approval to deliver packages by flying drones

The Federal Aviation Administration officially designated the Amazon an “air carrier” on Monday, paving the way for Amazon to start testing its plans to drop off packages within 30 minutes. The FAA’s approval marks a huge milestone for Amazon’s CEO...
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Space industry is moving to ‘leadership by seasoned execs’
10. 8. 2020 No Responses

Space industry is moving to ‘leadership by seasoned execs’

The space industry is moving “from a small community of space enthusiasts to leadership by seasoned execs,” says Chad Anderson, managing partner at Space Capital. “We’re going into a phase where we’re moving from startup really to growth,” Anderso...
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Virgin Atlantic files for bankruptcy protection
5. 8. 2020 No Responses

Virgin Atlantic files for bankruptcy protection

Virgin Atlantic, the European carrier founded by British entrepreneur Richard Branson, on Tuesday filed for debt relief in the U.S. as the toll of the coronavirus on the airline industry continued to mount. The company said it is not technically bankrupt and...
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Raytheon Technologies 2Q Results & Outlook
4. 8. 2020 No Responses

Raytheon Technologies 2Q Results & Outlook

Technologies Corporation (NYSE: RTX, Market capitalization: $86.59 billion), a leading aerospace and defense company, reported robust 2Q20 results, beating the consensus revenue and Adjusted EPS comprehensively. The Company reported an adjusted sales of $14.3 ...
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Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes
29. 7. 2020 No Responses

Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes

Boeing reported another dismal quarter, helping the company emerge as one of the companies most directly impacted by the global covid pandemic. For the second quarter Boeing, which said that results are still significantly impacted by Covid-19, reported a 25%...
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Boeing has lost more than 800 orders for the 737 MAX this year
15. 7. 2020 No Responses

Boeing has lost more than 800 orders for the 737 MAX this year

Also Boeing’s Q2 commercial airplane deliveries drop 78% from last year. Though Boeing now anticipates U.S. federal approval to unground its 737 MAX in September, company data released Tuesday shows that in the first half of this year the manufacturer l...
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Boeing: More 737 MAXs canceled and no passenger jets delivered
18. 6. 2020 No Responses

Boeing: More 737 MAXs canceled and no passenger jets delivered

The devastating airline downturn effectively paralyzed Boeing’s passenger jet business in May. For the month, Boeing delivered a paltry four military airplanes, not one of those a passenger jet, and only took in new orders for a net gain of...
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Qatar Airways will not take new planes this year or next
17. 6. 2020 No Responses

Qatar Airways will not take new planes this year or next

Qatar Airways will not take any new planes ordered from Boeing or Airbus in 2020 or 2021, Chief Executive Officer Akbar al-Baker said on Wednesday, adding there would be a knock-on effect on future deliveries due to the coronavirus pandemic....
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World’s First Passenger Drone Service At Luxury Hotel
13. 6. 2020 No Responses

World’s First Passenger Drone Service At Luxury Hotel

An autonomous aerial vehicle technology company called Ehang has launched the world’s first commercial Urban Air Mobility (UAM) service in China. The EHang 216 drone can carry fly two human passengers, has been exhibited in China and Europe over t...
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