Aerospace Industry

News and issues concerning aerospace companies, including formations, acquisitions, mergers and financials; and announcements of significant aircraft sales, delivery statistics and personnel appointments.

July 2, 2008 - 11:34am

GKN Aerospace is targeting $4 billion in annual sales by 2017, double its current level, and the UK-based group has already won much of the business it needs to achieve that total.

The company has achieved most of its dramatic growth to date–from sales of just $150 million in 1994 when GKN acquired the former Westland Aerospace to $2 billion today–through acquisitions, but going forward more of it will be organic.

July 1, 2008 - 9:55am

Alenia Aeronautica has completed destructive testing on the horizontal stabilizer of the Boeing 787 Dreamliner, the companies announced today. The test took place at Alenia’s Pomigliano plant in Naples, Italy, in the presence of Boeing engineers and representatives of the FAA and European Aviation Safety Agency (EASA). Alenia manufactures the stabilizer at its plant in Foggia, Italy.

June 30, 2008 - 11:26am

Amstat Corp. is here (Booth No. 5775) demonstrating the Amstat StatPak, which provides in-depth statistical information that enables users to see and understand market trends. Using the StatPak, aviation professionals can generate historical data on the number of aircraft available for sale and the number sold.

June 30, 2008 - 9:42am

Cessna confirmed yesterday that it now holds purchase agreements for no less than 160 of the Citation Mustang jet that it unveiled here at NBAA on Tuesday. It has collected $10,000 deposits for the new $2.295 million light jet.

June 30, 2008 - 8:24am

Peter Edwards, president of Bombardier Business Aircraft, joined the company in 1995 as vice president of marketing and international sales. In 2000, he was named executive vice president of sales and was appointed president in November of last year.

June 30, 2008 - 7:39am

General Electric, the global giant with $126 billion in annual revenue, is at NBAA ’02 (Booth No. 633) with the expressed intent to expand its role in corporate and regional aviation.

June 24, 2008 - 11:36am

The General Aviation Manufacturers Association (GAMA) on Friday announced that it established an environment committee “to represent the general aviation manufacturing industry’s environmental policy and coordinate with other aerospace industry stakeholders and government entities.” According to GAMA, the committee will ensure that the association’s members are active participants in the discussions and policy decisions about GA’s environmenta

June 24, 2008 - 6:21am

Airbus has started sending the first aircraft sections to the new A320 assembly line in Tianjin, China, the company announced today. Plans call for assembly of the first aircraft to start in August. Airbus expects launch customer Sichuan Airlines to take delivery of the first airplane by the end of June next year.

June 23, 2008 - 6:07am

Boeing last Thursday moved the 787 prototype designated for fatigue testing (aircraft No. 4) from the final assembly factory in Everett, Wash., to another production bay at the facility, where assembly work will continue. The move paves the way for the second flight-test airplane (aircraft No. 3) to advance to the next position in the production line today.

June 20, 2008 - 7:19am

Boeing has completed the power-on sequence for the first 787 Dreamliner, the company announced today. The process began early this month with a series of pre-test continuity checks to verify proper wiring connections. Upon completion of those checks, the Boeing team plugged in an external power cart and slowly began to bring full power into each segment of the system, beginning with the flight deck displays.

 
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