Source: Airbus Airbus has launched the Pléiades Neo Next programme to expand its very high resolution Earth observation constellation. This new programme will result in new satellite assets and capabilities, including enhanced native resolution. As a first step of Pléiades Neo Next, Airbus is developing a new satellite which will be launched in the next few years. “The Pléiades Neo Next programme builds on the success of our existing Pléiades Neo constellation which serves government and commercial customers around the world,” said Karen Florschütz, Executive Vice President Connected Intelligence at Airbus Defence and Space. “This new programme will further enhance our standard of excellence in terms of quality, performance, and reliability to deliver images as well as geo-intelligence services and [...]

Source: Boeing Award brings the total number of aircraft under contract with the U.S. Air Force to 26 Program moves closer to full-rate production upon completing the order The U.S. Air Force has awarded Boeing a $178M contract to produce seven MH-139A aircraft and provide sustainment and training support. This order brings the total number of aircraft under contract to 26. "Building the Grey Wolf fleet and paving the way towards full rate production is a critical step in supporting the Air Force's modernization priorities," said Azeem Khan, MH-139 program director. "Delivering on these commitments and getting more capability into the hands of our customers is important to their mission protecting vital national assets." The award comes on the heels [...]

Source: Airbus 142 commercial aircraft delivered Revenues € 12.8 billion; EBIT Adjusted € 0.6 billion EBIT (reported) € 0.6 billion; EPS (reported) € 0.76 Free cash flow before customer financing € -1.8 billion 2024 guidance unchanged Airbus SE reported consolidated financial results for its First Quarter (Q1) ended 31 March 2024. “We delivered first quarter 2024 results against the backdrop of an operating environment that shows no sign of improvement. Geopolitical and supply chain tensions continue. In that context, we delivered 142 commercial aircraft,” said Airbus CEO Guillaume Faury. “We started 2024 with a solid order intake across our businesses. The strong momentum on widebody aircraft underpins our decision to increase the production rate for the A350 to 12 aircraft [...]

Source: Boeing First Quarter 2024 Undertaking comprehensive actions in our commercial business to strengthen quality and safety Financial results reflect lower 737 deliveries and 737-9 grounding customer considerations Revenue of $16.6 billion, GAAP loss per share of ($0.56) and core (non-GAAP)* loss per share of ($1.13) Operating cash flow of ($3.4) billion and free cash flow of ($3.9) billion (non-GAAP)* Total company backlog grew to $529 billion, including over 5,600 commercial airplanes Table 1. Summary Financial Results First Quarter (Dollars in Millions, except per share data) 2024 2023 Change Revenues $16,569 $17,921 (8) % GAAP Loss from operations ($86) ($149) NM Operating margins (0.5) % (0.8) % NM Net loss ($355) ($425) NM Loss per share ($0.56) ($0.69) NM Operating cash [...]

Source: Embraer The understanding between the companies covers the opening of a new service center and the manufacturing of parts for Embraer aircraft Embraer and ENAER (National Aeronautical Company of Chile) announced two industrial and services cooperation agreements involving the A-29 Super Tucano and the C-390 Millennium defense aircraft, as well as commercial aircraft. The cooperation will expand Embraer's network of suppliers and services in Chile and contribute to the integration of the aerospace industries in both Brazil and Chile. The cooperation is the result of an understanding between Embraer, ENAER, and the Chilean Air Force. The Chilean company will begin manufacturing components and will be a designated maintenance center for the Chilean Air Force's fleet of 22 A-29 Super [...]