Aerospace News 133 results

Boeing Cancellations Continue, Denting Backlog

The COVID-19 pandemic has hit the airline industry hard, with many airlines canceling flights and cutting back on fleet sizes. As a result, aircraft producers have seen a decrease in their regular orders. Boeing, who was already struggling beforehand, continues to see cancellations rise and their overall production backlog shrink. The company announced an additional 108 cancellations of their ...

NASA Contracts Elon Musk, Jeff Bezos For Future Moon Landings

In 2017, President Trump directed NASA to accelerate their efforts to re-land astronauts on the Moon. Now, the agency is taking its first steps at bringing in the private sector to help, awarding a combined $967 million to three companies for study contracts on potential lunar landers. Blue Origin, SpaceX, and Dynetics won their contracts as part of NASA’s Human Landing Systems program. ...

U.S. Airlines Lose Money For First Time In Years Due To Pandemic

Airline companies in the U.S. have been experiencing serious issues as airline travel has dropped by 95% due to the COVID-19 pandemic. The first quarterly reports give some insight into how airliners are faring, and what can be expected in the immediate future. Delta’s CEO Ed Bastian stated on Wednesday that the company’s first-quarter results appear to be a staggering 90% less than ...

Airlines and Treasury Dept. Reach Agreement Over Relief Funds

With the major airlines in the United States having been hit hard by the coronavirus pandemic, concerns have risen over the potential state of the industry. Most pressing were fears over how to keep thousands of their employees on the payroll. Now, an agreement with the Treasury Department is helping put those worries at ease. The ongoing global pandemic has resulted in border closings and ...

SpaceX Launches 60 Starlink Satellites Despite Engine Failure

As part of their ongoing satellite launches, SpaceX completed yet another successful launch this Wednesday from the Kennedy Space Center in Florida. However, while the satellites were able to reach orbit, the launch itself wasn’t without its issues. The flight commenced at 8:16 a.m. EST, with the Falcon 9 rocket launching from pad 39A on a trajectory over the Atlantic Ocean. Originally, the ...

Boeing Seeks $60 Billion In Government Aid Due to Coronavirus Hits

Many airline companies and manufacturers have taken large hits caused by the coronavirus. Now, Boeing, which had already been struggling financially before the pandemic, is seeking extra assistance from the government. The company, which is one of the two largest plane manufacturers in the world, is seeking $60 billion in government aid. Part of this aid would include loan guarantees for the ...

Trump to Raise Tariffs on European Aircraft Imports

Along with China, the United States has also been engaged in a trade standoff with Europe. While tensions have begun to ease with the Chinese, in Europe, there is still much to be covered. In an effort to see results, the Trump administration is continuing to apply some pressure of its own. This past weekend, on the 15th, the U.S. announced it would raise the duty on imported European aircra...

SpaceX Plans to Launch First Tourists in Space by 2021

SpaceX continues to make strides in its space flight program, and it appears they will begin to pay off in the tourism sector. As test flights continue to proceed with success, optimism is high that the first manned flights for tourists can begin soon. The company is now in talks with Space Adventures Inc. for the first tourism flight. The plan is for up to four tourists to be a part of an ...

Boeing Posts First Annual Loss In Over 20 Years

For the first time in over two decades, Boeing has confirmed the aerospace giant lost $1 billion in the fourth quarter of 2019 on the heels of a 37% loss in revenue. Boeing claims losses totaled $636 million in 2019. Two fatal crashes and the subsequent grounding of all of the company's new 737 Max passenger planes are to blame for the setbacks. The crashes, only 5 months apart, killed 346 ...

SpaceX’s Latest Test Improves Commercial Spaceflight Progress

Not many people would consider destroying a rocket in mid-flight to be a success. Yet, for those at SpaceX, that’s exactly what they achieved this past Sunday. The test was another important step towards the company’s goal of achieving commercial passenger spaceflight. To conduct the test, SpaceX launched a Falcon 9 rocket along with an unmanned Dragon crew capsule. 90 seconds into the ...