Source: Boeing - Partnership to stand up a dedicated aerospace venture fund that builds on Boeing HorizonX's platform and expands investments in start-up innovation - Investments to focus on mobility, space and connectivity, industrial tech and enterprise digital solutions, with a broader emphasis on sustainability Boeing and AeroEquity Industrial Partners (AEI) announced a strategic partnership to expand Boeing's venture capital investing in mobility, space and connectivity, industrial tech and enterprise digital solutions, with a broader emphasis on sustainability. The partnership brings together Boeing's aerospace and technology innovation and its HorizonX Ventures platform with AEI's operational and private equity investing experience to establish an independent and expanded venture capital group, AEI HorizonX. "We're excited to launch this transformative and first-of-its-kind business [...]

Source: Boeing Continued progress on global safe return to service of 737 MAX Revenue of $17.0 billion, GAAP earnings per share of $1.00 and core (non-GAAP)* earnings per share of $0.40 Operating cash flow of ($0.5) billion; cash and marketable securities of $21.3 billion Commercial Airplanes backlog grew to $285 billion and added 180 net orders   Table 1. Summary Financial Results Second Quarter First Half (Dollars in Millions, except per share data) 2021 2020 Change 2021 2020 Change Revenues $16,998 $11,807 44% $32,215 $28,715 12% GAAP Earnings/(Loss) From Operations $1,023 ($2,964) NM $940 ($4,317) NM Operating Margin 6.0% (25.1)% NM 2.9% (15.0)% NM Net Earnings/(Loss) $567 ($2,395) NM $6 ($3,036) NM Earnings/(Loss) Per Share $1.00 ($4.20) NM $0.09 ($5.31) NM Operating Cash Flow ($483) ($5,280) NM ($3,870) [...]

Source: Boeing Boeing today released its first Sustainability Report. In the report, the company shares its vision for the future of sustainable aerospace, establishes broad sustainability goals and highlights environmental, social and governance (ESG) progress in alignment with global sustainability standards. "In September 2020, amidst a global pandemic, Boeing formed a Sustainability organization dedicated to advancing our ESG efforts across the enterprise. As we continue on this journey, we are pleased to publish our first comprehensive report, focused on stakeholder responsiveness and data transparency," said Boeing Chief Sustainability Officer Chris Raymond. "We know there's still work to do and are committed to communicating our progress and holding ourselves accountable to ensure the aerospace industry is safe and sustainable for generations to come." [...]

Source: Boeing - Boeing's pilot training solutions include initial cadet assessment materials, Jeppesen Academy digital courseware, Jeppesen electronic charts, ForeFlight mobile solutions and pilot supplies - Boeing presents cadet with scholarship to attend United Aviate Academy United Aviate Academy has selected Boeing (NYSE:BA) to provide a comprehensive suite of training tools, materials and digital solutions to develop and provide early career training to United Airlines' next generation of pilots. The companies commemorated the five-year training agreement with a ceremonial signing event at EAA AirVenture. The comprehensive training package of courseware and multimedia materials spans Boeing's portfolio of service offerings, including its Jeppesen and ForeFlight solutions, and provides United Aviate Academy with the tools to help cadets master key concepts and [...]

Source: Airbus Airbus has launched the Mobile Airbus Training experience (MATe) Suite, a subscription-based service platform with a 3D interactive virtual cockpit environment for pilot recurrent and initial Type Training. Airbus developed MATe with portability and compatibility in mind. Building on the success of the Airbus Cockpit Experience (ACE) Trainer, a virtual and interactive cockpit simulator used in Airbus training centres for Flight Crew Licensing courses, the MATe solution is enabled for any type of I.T device. Pilots can therefore use the service to train whenever and wherever they want, with trainers able to monitor and follow their progress via the latest cloud technology. Currently available for the A320 Family, MATe champions Airbus’ flight “competency-based” philosophy and Flight Training Reference [...]

Source: Pratt & Whitney Canada "Pratt & Whitney Canada is proud to be a leader toward ever more sustainable aircraft propulsion technologies and be an integral part of Canada's green recovery plan," said Maria Della Posta, president, Pratt & Whitney Canada. "With a long-time commitment to sustainability and as Canada's top aerospace investor in research & development, having invested $500M CAD annually, we are driving economic growth, innovation and workforce expertise to benefit the environment. Hybrid-electric technology has an important role to play in enabling the next step-change in efficiency for aircraft engines, and we are uniquely positioned to demonstrate this potential." The new hybrid-electric propulsion technology will drive significant improvements in aircraft efficiency by optimizing performance across the different phases of flight, allowing the demonstrator to [...]