Aerospace News 115 results

Virgin Galactic Will Be The First Publicly Traded Spaceflight Company

Billionaire Richard Branson knows it’s going to take a lot of capital to get tourists into space. To make his dream of space tourism a reality he’s taking his company Virgin Galactic public. After he abandoned talks with Saudi investors last year in the wake of the murder of journalist Jamal Kashoggi, Branson made the decision to take the company public to raise the necessary funds. The ...

Regional Airline Commits To World’s First Commercial Electric Plane

The Paris Airshow, the largest aerospace event in the industry, was held last week. When looking at the numbers, the amount of electric planes there amounted to a sideshow. More than 400 planes were sold totally $15 billion dollars as airlines around the world try to compensate for the growing demand for air travel. Although plenty of attention was drawn by Cape Air’s order of the first ...

Airbus Wants A Shot At Boeing’s Business

Airbus has an ax to grind with Boeing. Despite walking away from the Paris Airshow with an estimated $44 billion in deals, besting Boeing by nearly $10 billion, the multinational aerospace manufacturer has made it clear that they are not happy they did not have an opportunity to bid for business with British Airways owner IAG SA. Boeing and IAG announced an agreement for 200 of Boeing’s 737 Max ...

United Technologies and Raytheon Announce Merger

In one of the largest corporate mergers this year, United Technologies and Raytheon have announced that they have agreed to what they called a “merger of equals”. In the announcement made this past Sunday, June 9th, both companies agreed to an all-stock deal that would give United Technologies shareholders a 57% ownership stake in the new company. The new company, which will be called ...

China’s Biggest Airlines Demand Compensation From Boeing

Boeing is facing compensation claims from three of China’s biggest airlines, which have all grounded dozens of 737 Max jetliners since the Ethiopian Airlines crash that led to the death of all 157 passengers back in March. Air China, China Eastern, and China Southern, which are all controlled by the state, said Wednesday (5/22/19) that they have all asked for payouts from Boeing, confirming ...

Long-Time NASA Supplier Honored

ORANGE COUNTY BUSINESS HERITAGE U.S. REP. LOU CORREA COMMEMORATES SANTA ANA-BASED MANUFACTURER AND SUPPLIER TO NASA’S SPACE SHUTTLE, INTERNATIONAL SPACE STATION AND COMMERCIAL AVIATION INDUSTRY More than 60 years of business in OC’s manufacturing landscape, weathering bull and bear markets in vital domestic industries. Santa Ana, Calif. – U.S. Rep. Lou Correa toured the 70,000 ...

Swedish Aircraft Manufacturer To Build New Factory In Indiana

Global defense and security company Saab has announced plans to build a new, state-of-the-art manufacturing facility in West Lafayette, Indiana. The new plant will manufacture a substantial portion of the U.S. Air Force’s next-generation T-X jet trainer. “This is a historic moment for Saab,” said President & CEO of Saab, Håkan Buskhe. “After careful consideration, we have chosen ...

Metals Fraud the Cause of $700 Million Rocket Failure

According to NASA officials, falsified certifications on thousands of aluminum parts is the root cause of the failure of a 2011 satellite launch. The faked test results and subsequent faulty parts provided to NASA resulted in not one but two failed satellite launches. Sapa Profiles Inc., located in Oregon, has admitted that employees faked test results related to tensile strength and reliabi...

Boeing Orders and Deliveries Have Fallen In Wake Of Fatal Crashes

Boeing has failed to gain any orders for its new 737 Max airliner in March as critics began slamming the plane for having two fatal crashes in a matter of five months. Deliveries of the 737 Max also fell from 26 in February to 11 in March. Although this number isn’t too surprising considering Boeing suspended deliveries of the plane in the middle of March after regulators from around globe ...

Sikorsky Partners With CPI Aerostructures in New Assembly Deal

CPI Aerostructures announced a new partnership with Sikorsky worth nearly $1 million. While the specifics of the deal are still unavailable, what is known is that CPI Aerostructures will manufacture structural interior components for one of Sikorsky’s helicopters. CPI Aerostructures, which is located in Edgewood, New York, was founded in 1980 by a 25-year veteran of Grumman named Arthur ...