Latest Headlines

  1. American Airlines Commits To Conditional Purchase Of 100 Zeroavia Hydrogen-Powered Engines, Increases Investment In Hydrogen-Electric Innovator 7/2/2024

    American Airlines today announced that it has entered into a conditional purchase agreement with clean aviation innovator ZeroAvia for 100 hydrogen-electric engines intended to power regional jet aircraft with zero inflight emissions save for water vapor.

  2. AMSOIL INC. Acquires Aerospace Lubricants With Strategy For Growth 7/1/2024

    AMSOIL INC., a global leader in synthetic lubricant technology, has acquired Columbus, Ohio-based Aerospace Lubricants.

  3. Spirit AeroSystems Announces Acquisition By Boeing In $8.3B Transaction 7/1/2024

    Spirit AeroSystems [NYSE: SPR] ("Spirit") today announced it has entered into a definitive merger agreement under which The Boeing Company [NYSE: BA] ("Boeing") will acquire Spirit for $37.25 per share in Boeing common stock (subject to the collar described below). At $37.25 per share, this represents an equity value of approximately $4.7 billion and an enterprise value of approximately $8.3 billion including Spirit's last reported net debt.

  4. Boeing To Acquire Spirit AeroSystems 7/1/2024

    Boeing [NYSE: BA] today announced it has entered into a definitive agreement to acquire Spirit AeroSystems [NYSE: SPR]. The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share.

  5. Shield AI's V-BAT Selected For $19M Contract To Provide U.S. Coast Guard With Maritime Unmanned Aircraft System Services 7/1/2024

    Shield AI, the defense technology company building the world's best AI pilot, announced today that the U.S. Coast Guard has awarded the company a $198,106,876 indefinite-delivery, indefinite-quantity firm fixed-price contract to provide Contractor Owned Contractor Operated (COCO) Intelligence, Surveillance, and Reconnaissance (ISR) services. This service will be implemented using the V-BAT unmanned aircraft system (UAS).

  6. Lilium Completes Successful Tests Of Its Revolutionary Electric Jet Propulsion System 6/26/2024

    Lilium N.V. a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has successfully completed the first series of tests of its electric jet propulsion unit.

  7. British Airways Orders First GEnx Engines For New 787 Dreamliners 6/22/2024

    GE Aerospace (NYSE: GE) announced today that International Airlines Group (IAG) has committed to purchasing GEnx engines to power six new 787 Dreamliners for British Airways – the first introduction of this engine into their fleet.

  8. GE Aerospace Further Advances Development Of Hybrid Electric Engines With NASA 6/19/2024

    GE Aerospace is developing a hybrid electric demonstrator engine with NASA that will embed electric motor/generators in a high-bypass commercial turbofan to supplement power during different phases of operation.

  9. Syntec Optics Secures Order To Develop A High Resolution And High Numerical Aperture Lens System For Next Generation Digital Night Vision 6/17/2024

    Syntec Optics (Nasdaq: OPTX), a leading provider of mission-critical optics to scientific and technical instruments and aerospace and defense OEMs, announced today that it secured an order from an industry-leading blue chip customer to develop optical system for state-of-the-art low light digital sensors.

  10. Air Premia Purchases Spare Engine To Enhance Operational Stability 6/12/2024

    Hybrid service airline Air Premia (CEOs: Yu Myeong-seop and Moon Bo-kook) announced on June 12 that it has purchased a spare engine for its Boeing 787-9 aircraft as part of its efforts to build infrastructure for stable operations.