//MANUFACTURERS

Airbus reports Nine-Month (9m) 2024 results

Source: Airbus 497 commercial aircraft delivered  Revenues € 44.5 billion; EBIT Adjusted € 2.8 billion EBIT (reported) € 2.7 billion; EPS (reported) € 2.29 Free cash flow before customer financing € -0.8 billion Guidance maintained Airbus SE reported consolidated financial results for the nine months ended 30 September 2024. “We saw strong demand across our product range in the first nine months of the year. The nine-month earnings reflect the level of commercial aircraft deliveries, a solid performance in helicopters and the charges in our space business recorded in the first half,” said Guillaume Faury, Airbus Chief Executive Officer. “We are constantly adapting to a complex and fast-changing operating environment marked by geopolitical uncertainties and specific supply chain challenges that [...]

2024-10-30T22:58:07+02:00October 31st, 2024|MANUFACTURERS, News|

Airbus proposes to renew CEO mandate and announces Commercial Aircraft leadership transition

Source: Airbus The Board of Directors of Airbus SE will propose to the shareholders at the 2025 Annual General Meeting the renewal of Guillaume Faury as Executive member of the Board and Airbus Chief Executive Officer. The Company is also announcing management transition steps in its Commercial Aircraft business. Lars Wagner, currently the CEO of MTU Aero Engines AG, based in Munich, has been selected to join the Airbus Executive Committee, after finalising his term at MTU, to become the successor of Christian Scherer as CEO of the Commercial Aircraft business. “Christian and I are excited to have Lars Wagner, such a talented industry leader, coming back to the Airbus family in this key role,” said Airbus CEO Guillaume Faury. [...]

2024-10-30T19:28:04+02:00October 30th, 2024|MANUFACTURERS, News|

LATAM Orders ten 787 Dreamliners to Grow Boeing Widebody Fleet

Source: Boeing Agreement by the region's largest 787 operator includes options for five more 787-9s LATAM plans to grow its 787 fleet to 52 airplanes by the end of the decade Boeing and LATAM Airlines Group, the leading passenger and cargo airline group in South America, have announced the purchase of 10 787 Dreamliners with options for five more airplanes. As the region's largest 787 operator, this latest order for fuel-efficient 787-9 jets increases LATAM's investment in one of the most modern fleets in Latin America. LATAM currently operates 37 787-8s and 787-9s and, including this latest order, expects to grow the fleet to 52 Dreamliners by 2030. The 787 enables the airline to maximize capacity on popular routes and [...]

2024-10-29T17:29:12+02:00October 29th, 2024|MANUFACTURERS, News|

Boeing Announces Launch of Concurrent Offerings of Common Stock and Depositary Shares

Source: Boeing The Boeing Company("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any. Boeing intends to use the net proceeds from [...]

2024-10-28T12:52:40+02:00October 28th, 2024|MANUFACTURERS, News|

Boeing Reports Third Quarter Results

Source: Boeing Third Quarter 2024 Financials reflect impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage and previously announced charges on commercial and defense programs Revenue of $17.8 billion, GAAP loss per share of ($9.97) and core (non-GAAP)* loss per share of ($10.44) Operating cash flow of ($1.3) billion and free cash flow of ($2.0) billion (non-GAAP)* Total company backlog of $511 billion, including over 5,400 commercial airplanes Table 1. Summary Financial Results Third Quarter Nine Months (Dollars in Millions, except per share data) 2024 2023 Change 2024 2023 Change Revenues $17,840 $18,104 (1) % $51,275 $55,776 (8) % GAAP Loss from operations ($5,761) ($808) NM ($6,937) ($1,056) NM Operating margins (32.3) % (4.5) % NM (13.5) % [...]

2024-10-23T19:38:36+03:00October 23rd, 2024|MANUFACTURERS, News|

Boeing CEO Message to Employees on Positioning for the Future

Source: Boeing Boeing President and CEO Kelly Ortberg shared the following message with all employees: Team, Our business is in a difficult position, and it is hard to overstate the challenges we face together. Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term. We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery. We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves [...]

2024-10-14T15:01:33+03:00October 14th, 2024|MANUFACTURERS, News|

Boeing Reports Preliminary Third Quarter Results

Source: Boeing Results impacted by the International Association of Machinists and Aerospace Workers (IAM) work stoppage and charges in the commercial airplanes and defense segments The Boeing Company announced it will recognize impacts to its financial results related to charges for certain programs across the Commercial Airplanes and Defense, Space & Security segments and the IAM work stoppage when it reports third quarter results on October 23. The company expects to report third quarter revenue of $17.8 billion, GAAP loss per share of ($9.97), and operating cash flow of ($1.3) billion. Cash and investments in marketable securities totaled $10.5 billion at the end of the quarter. "While our business is facing near-term challenges, we are making important strategic decisions for [...]

2024-10-14T15:04:39+03:00October 14th, 2024|MANUFACTURERS, News|

Boeing Announces Third-Quarter Deliveries

Source: Boeing The Boeing Company has announced major program deliveries across its commercial and defense operations for the third quarter of 2024. The company will provide detailed third quarter financial results on October 23. Major program deliveries during the third quarter were as follows: Major Programs 3rd Quarter 2024 Year-to-Date 2024 Commercial Airplanes Programs 737 92 229 767 6 15 777 4 11 787 14 36 Total 116 291 Defense, Space & Security Programs AH-64 Apache (New) 7 10 AH-64 Apache (Remanufactured) 11 24 CH-47 Chinook (New) — 2 CH-47 Chinook (Renewed) 2 7 F-15 Models 3 10 F/A-18 Models 1 5 KC-46 Tanker 5 10 MH-139  3 3 P-8 Models 1 4 T-7A 1 1 Total1 34 76 1 Deliveries [...]

2024-10-09T15:18:33+03:00October 9th, 2024|MANUFACTURERS, News|

Colombia’s SATENA takes delivery of new ATR 42-600

Source: ATR This aircraft, the first directly acquired from ATR, will be the 11th addition to SATENA’s ATR fleet, enhancing connectivity across Colombia’s most remote regions Colombian government-owned airline SATENA and world leader in regional aviation ATR, today announced the successful delivery of a brand new ATR 42-600, set to start operations at the beginning of October. Equipped with the latest technology and bolstering the lowest cost per trip in its category, the new ATR 42-600 will enable SATENA to expand its reach and play a more significant role in the domestic market by connecting underserved towns and villages responsibly. Joining a fleet of 10 ATR aircraft, including two ATR 72-600, four ATR 42-600 and four ATR 42-500, the addition [...]

2024-09-30T19:31:10+03:00September 30th, 2024|AIRLINES, MANUFACTURERS, News|

Boeing Pioneering Quantum Communications Technology with In-Space Test Satellite

Source: Boeing Internally-funded program set to demonstrate quantum networking in space Technology can unlock applications across commercial, civil and military sectors, including agriculture, climate science, navigation and secure communication First-of-its-kind compact design completed validation in a lab environment, with space-hardened version currently planned for 2026 in-space demonstration Boeing  announced the scheduled 2026 launch of a satellite – dubbed Q4S – which is designed to demonstrate quantum entanglement swapping capabilities on orbit. This Boeing-funded, first-of-its-kind space mission brings humanity closer to building a secure, global quantum internet that connects quantum sensors and computers. Quantum sensors are much more precise than today's state-of-the-art instruments and quantum computers have the capacity to process large amounts of data, offering potential to revolutionize an array [...]

2024-09-10T20:50:14+03:00September 10th, 2024|MANUFACTURERS, News|