Airbus has published an announcement saying that “the holding company owned equally by Airbus, Safran and Tikehau Capital has finalised today the acquisition of Aubert & Duval from Eramet”. Aubert & Duval is, according to Airbus, “a strategic supplier of critical parts and materials” to the aerospace industry and takes…
Joby Aviation has signed a “long-term agreement” with Toyota for the Japanese car producer and Joby shareholder to supply “key powertrain and actuation components” for its electric aircraft. “Our partnership with Toyota continues to be an integral part of Joby’s success, from assisting in the design of our pilot production…
Vagner Finelli is joining Pittsburgh-based components maker Howmet Aerospace as president of Howmet Fastening Systems (HFS). Finelli was president and chief executive of Sigma Engineered Solutions, which makes metal castings and stampings for industries including aerospace, automotive, and medical. He previously worked for Lear and Textron. Howmet offers “advanced engineered…
Textron Aviation has announced the “milestone” delivery of a 400th Citation CJ4 series aircraft to Koch Holdings of Easton, Pennsylvania. The delivery, Textron believes, reinforces the Citation family as “the world’s most popular line of business jets” and shows “the company’s commitment to continued innovation for customers as exemplified in…
MTU Aero Engines’ revenue increased by 31% year-on-year to €1.54bn in the first quarter of 2023, while operating profit increased by 62% from €131 million to €212 million. The adjusted EBIT margin rose from 11.1% in the first quarter of 2022 to 13.7% in the first quarter of 2023, with…
Tony Whitty, AJW Group’s senior vice president of aircraft & engine procurement, has been elected chairman of The Aviation Club UK. Whitty succeeds Karl Brunjes, who AJW said “diligently served as chairman for the past five years” and steered the club “through the challenges posed by the Covid pandemic”. “I…
Aircraft engine maker Rolls-Royce could be hit by production delays as workers at Swedish supplier Trelleborg go on strike in May 2023. More than 200 people at Trelleborg’s Tewkesbury and Bridgewater operations are to down tools from May 2 to May 5 over what they described as ” a real…
Electrical Components International (ECI) has bought Aerosystems International (ASI), a manufacturer and supplier of electrical distribution and control systems for the aerospace industry. ASI’s “fully integrated design, engineering, and manufacturing capabilities” mean it is “able to provide comprehensive tailored solutions to its customers”, ECI said in its announcement of the…
The board of directors of Pittsburgh engineering solutions business Howmet Aerospace has announced a dividend of 4 cents per share on its outstanding common stock. The payment is due on May 25 to the holders of record of the common stock at close of business on May 5, while a…
Airbus Canada, Pratt & Whitney Canada and SAF+ Consortium have announced a $17 million collaboration “on next-generation sustainable aviation fuel (SAF)”. The initiative is supported by the regional government in Quebec and is to be known as CADAQ-100. “The project will contribute to the industry-wide effort to achieve net-zero CO2…
Electric Power Systems (EP Systems) is to supply its power integration technology for Regent’s electric seagliders. EP Systems said the partnership with Regent is a “significant development” in bringing the 12-passenger Regent Viceroy seaglider into service by mid-decade. EP Systems describes itself as a “leading global electric powertrain supplier for…
GA Telesis’ Flight Solutions Group has extended its global parts distribution agreement with Honeywell for the CFM56-5B variable bleed valve stop mechanism. The partnership, GA Telesis said, “continues FSG’s expansion of supplying factory new aviation parts” and follows the separate recent expansion of its relationship with Honeywell for the global…
