Aerospace News 127 results

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 ...

Commercial Supersonic Flight Is Ready For A Comeback

It’s been more than 15 years since the last commercial supersonic flight. The Concorde fleet of 14 aircraft ferried passengers across the Atlantic at speeds 3 times that of regular commercial aircraft. The problem was they could never make any money doing it. The big problem was fuel. Concorde burned a lot of very expensive fuel to maintain supersonic speeds. In addition to the fuel costs and ...

SpaceX Tests New SuperDraco Engines

In recent years NASA has made it clear that the private development of American-built crewed space vehicles is a very high priority. After the shuttle fleet was grounded in 2011, the United States has relied on the Russian Soyuz spacecraft to get crews to the International Space Station (ISS). Problem is, it is not cheap. The cost of a single seat on Soyuz is about $85 million. In addition to the ...

Blue Origin and Other Major Aerospace Companies Join NASA’s Artemis Program

Some of the biggest names across the aerospace industry are joining forces with the founder of Amazon and Blue Origin, Jeff Bezos, to create what they’re calling the Human Landing System, which will put humans back on the moon’s surface by 2024 as part of NASA’s Artemis program. This announcement comes from the International Astronautical Congress, which named Blue Origin as the main ...

American Airlines Pushes 737 MAX Flights Into January 2020

American Airlines is pushing back its schedule for flights of the 737 MAX through January 15th, 2020. The company announced this Wednesday (10/9/19) as it issued updated guidance for the third quarter of this year that shows improving profit margins. “The decision was made based on our communication with the FAA, DOT, and Boeing,” American Airlines said in a statement that was emailed to ...

SpaceX Has The Potential To Be Worth $120 Billion According To Morgan Stanley

A recent Morgan Stanley study has suggested that the privately owned aerospace company SpaceX, which was founded by Elon Musk, could reach a value of $120 billion. This would make SpaceX worth triple what Musk’s electric car company’s value and larger than other aerospace companies like Northrop Grumman, Lockheed Martin, and Raytheon, which are currently worth $64 billion, $112 billion, and ...

NASA Awards $621 Million Contract to Aerospace Corp.

The Aerospace Corp. has won a $621 million contract from NASA that will be paid to the company over the next nine years. The contract was given to the company for engineering, evaluation, and testing support. Under this new contract for the NASA-wide Specialized Engineering, Evaluation and Test Services (NSEETS) program, Aerospace Corp. will lend support including staff, advanced systems ...