Aerospace

MITSUBISHI HEAVY INDUSTRIES established a subsidiary in Vietnam.

EATON AEROSPACE earned $201m on $871m sales in 1Q24 vs $180m on $803m in 1Q23; y-o-y backlog rose 11%.

TRIMAS AEROSPACE earned $7.2m on $67.3m sales in 1Q24 vs $1.4m on $50m in 1Q23.

ATI had $66.1m net income on $1.04b sales (60% aerospace and defense) in 1Q24 vs $145.7m on $1.06b in 1Q23.

MTU AERO ENGINES had €126m net profit on €1.65b revenues in 1Q24 vs €134m on €1.54b in 1Q23; it has €25.4b backlog.

AEFP GROUP, PA acquired TRINITY AEROSPACE, Canada ( sheet metal/machined detail parts and assemblies).

JOBY AVIATION is expanding its pilot production facility in Marina, CA to more than double its manufacturing footprint starting in 2025 under plan to produce up to 500 aircraft per year; it also rolled out its second production aircraft.

Firefly Aerospace and Northrop Grumman remain on track to debut the new Antares 330 launch vehicle in 2025.

Whisper Aero is building its aerospace business around a seemingly unlikely product—a leaf blower.

China’s EHang has filed a shelf registration to sell up to $100 million in new shares via a public offering on the Nasdaq stock exchange.

The work will culminate with flights of a De Havilland Dash 7 regional airliner modified with a hybrid-electric propulsion system in 2026.

The Tikehau Aero Partenaires 2 fund is aimed at supporting small- and medium-size companies in the aerospace sector.

European satellite communications provider SES is to buy U.S.-based rival Intelsat in a bid to tackle competition from other low-Earth-orbit services.

Elysian has expanded the advisory board providing input on the design, development and operation of its proposed 90-passenger battery-electric aircraft, the E9X.

Boeing never built the 7J7, but its legacy continues to be felt to this day. Listen in to hear how technology once studied for that program could re-emerge on the company’s next new airplane almost 40 years later.

Lockheed’s road map to victory provides clues for the sixth-generation combat aircraft program.

Despite a comfortable backlog, the country’s industry continues to grapple with financial woes and recovering know-how.

Eviation has redesigned its Alice all-electric nine-seater aircraft again, pivoting to a more conventional fuselage shape.

SpaceX took on the mission of delivering two new members of Europe’s Galileo global navigation satellite system into orbit on April 28.

IBC ADVANCED ALLOYS announced it will focus on copper alloy production in Franklin, IN, and close its Massachusetts-based beryllium-aluminum alloy plant in mid-2024 due to insufficient demand for cast beryllium-aluminum alloy products.

EMBRAER plans to invest US$390m in 2024 in eVTOL research/development, expansion of aeronautical services, including freighter conversions, defense and security, efficiency improvement, and the expansion of industrial activities.

HONEYWELL was selected by Lilium to supply propulsion unit position sensors (resolvers) for the Lilium Jet.

ARTEMIS AEROSPACE added new component solutions facility in Singapore.

The specially configured X-59 has been designed to collect community response data on the public acceptability of reduced sonic booms.

Joby Aviation has rolled the second production prototype electric vertical-takeoff-and-landing air taxi off its pilot line in Marina, California.