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 [...]

Source: Embraer Embraer and Horizon Air signed a contract for the Embraer Collaborative Inventory Planning (ECIP), a customized expendables spare parts inventory management program designed to help customers reduce operational costs by optimizing inventory levels. The agreement guarantees support for 41 E175 from Horizon Air fleet operating at the company hub in Portland, OR. The contract also includes nine E175s to be delivered, totaling 50 aircraft covered. All the jets are flown by Horizon Air under the Alaska Airlines flag. “We are very pleased to welcome Horizon Air to the Embraer Collaborative Inventory Planning. ECIP was designed to help our customers gain efficiency and reduce inventory costs in all operations. This is even more important for airlines with large fleets [...]

Source: Boeing The Boeing Company announced major program deliveries across its commercial and defense operations for the first quarter of 2024. The company will provide detailed first quarter financial results on April 24. Major program deliveries during the first quarter were as follows: Major Programs 1st Quarter 2024 Commercial Airplanes Programs 737 67 767 3 787 13 Total 83 Defense, Space & Security Programs AH-64 Apache (Remanufactured) 6 CH-47 Chinook (New) 1 CH-47 Chinook (Renewed) 1 F-15 Models 1 F/A-18 Models 1 KC-46 Tanker 3 P-8 Models 1 Total1 14 1 Deliveries of new-build production units, including remanufactures and modifications    Note: Delivery information is not considered final until quarterly financial results are issued.

Source: Airbus North America’s commercial aircraft services market will grow to US$45 billion from US$31 billion today (a 45% increase) by 2042 according to Airbus’ latest Global Services Forecast (GSF). North America was the first and one of the strongest regions to bounce back in the post pandemic period. Last year proved that more people want to fly domestically and internationally, and that passenger traffic growth will continue at a steady compound annual growth rate (CAGR) of 2.1% in the region according to Airbus’ latest Global Market Forecast. Driven by the rise in annual air traffic, fleet growth and the requirement for more digitally-enabled and connected aircraft, the growth in demand for services will be reflected in solutions implemented across [...]