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☆ RTX to take $3 billion charge on Pratt & Whitney engine problem
▼ + stars: | 2023-09-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. RTX said Monday that an engine manufacturing flaw forcing accelerated inspections will hit its pretax results this quarter by $3 billion, sending the company's shares down more than 6% in morning trading. The problem stems from flaws with powder metal used to make some of the popular Pratt & Whitney GTF engines. But it said it expects a $1.5 billion hit to cash flow in 2025, bringing that estimate to $7.5 billion from an earlier estimate of $9 billion. Pratt & Whitney has a 51% share in the GTF PW1000 engine program and the cost will be shared with its partners including Germany's MTU.

Persons: Pratt & Whitney, RTX, Whitney Organizations: Pratt &, International Paris Air, Le, Pratt, Airbus, Raytheon Technologies Locations: Le Bourget, Paris, France

☆ Myanmar receives first shipment of Russia's Su-30 fighter jets - RIA
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

Visitors walk near a model of the Sukhoi Su-30SME multirole fighter at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 23, 2019. REUTERS/Pascal Rossignol/file photo Acquire Licensing RightsSept 10 (Reuters) - Myanmar has received the first shipment of two Russian Su-30 fighter jets, Charlie Than, Myanmar's trade minister, told the Russian RIA state news agency in remarks published on Sunday. "Two aircraft have already been delivered," Than told RIA on the sidelines of the Eastern Economic Forum, Russia's annual forum aimed at developing economic cooperation in the region and encouraging foreign investment, which starts on Sunday in the port of Vladivostok. Russia and Myanmar signed a contract in September 2022 for the delivery of six Su-30SME fighter jets, RIA said. The Sukhoi Su-30SME multi-role fighter jet is designed for enemy's aerial targets engagement, aerial reconnaissance, combat employment and pilot training, according to Rosoboronexport, Russia's state-controlled arms exporter.

Persons: Sukhoi Su, 30SME, Pascal Rossignol, Charlie Than, Min Aung Hlaing, Lidia Kelly, Muralikumar Organizations: International Paris Air, Le, REUTERS, Eastern Economic, RIA, Russian TASS, East Economic, United, Thomson Locations: Le Bourget, Paris, France, Myanmar, Russian, Vladivostok, Russia, Rosoboronexport, Russia's, United States, Melbourne

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The recent supplier problem, discovered late last month, involves fastener holes on the 737 aft pressure bulkhead that were improperly drilled and therefore misaligned or elongated. Spirit AeroSystems (SPR.N), which makes the 737 fuselage, said in August it had corrected the production issue and continues to deliver fuselages to Boeing. Despite continued supplier defects, West said Boeing has no intention of changing its supplier master schedule, which calls for Boeing's supply chain to ramp to a monthly production rate of 50 737s by the 2025-2026 timeframe. Reporting by Valerie Insinna and Abhijith Ganapavaram; Editing by Mark Porter and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian West, West, Valerie Insinna, Mark Porter Organizations: Boeing, Paris, REUTERS, Rights, Thomson Locations: Le Bourget, Paris, France

☆ Spirit AeroSystems CEO says Boeing, Airbus contracts 'not sustainable'
▼ + stars: | 2023-09-07 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/file photo Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - Spirit AeroSystems (SPR.N), a major supplier of parts for jetliners, has asked Boeing (BA.N) and Airbus (AIR.PA) to absorb more of the financial pain caused by inflation that makes its contracts "not sustainable," Spirit CEO Tom Gentile said on Thursday. "And it really is not sustainable for Spirit. So we are having discussions with our customers, with Boeing and Airbus, about these pressures that we're facing and how we address them." Spirit executives first alluded to the need to reopen contract negotiations with Boeing and Airbus in August.

Persons: Benoit Tessier, Tom Gentile, Spirit, Gentile, we've, Valerie Insinna, Pratyush Thakur, Richard Chang Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France, jetliners

☆ Saudi Arabia wants to buy its way into a major 6th-gen fighter jet project, but not all its potential partners are welcoming
▼ + stars: | 2023-09-07 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

Saudi Arabia reportedly wants to join the effort, but Japan is said to be wary of letting Riyadh in. A senior British defense told The Financial Times that the UK views "Saudi Arabia as a key partner in the fighter program and we are working to ensure strong progress as soon as possible." AdvertisementAdvertisementJapan also fears Saudi Arabia might want to export the cutting-edge jet to adversaries, such as China and Russia, or use its veto power to prevent Tokyo from exporting it to one of its allies. Indonesia, for example, has joined South Korea's KF-21 Boramae project, which aims to produce a quasi-stealth fighter jet by the late 2020s. AdvertisementAdvertisementOn the other side of Asia, Azerbaijan recently joined Turkey's TF Kaan stealth fighter project.

Persons: Bill Bostock, milch, Shigeto Kondo, Pascal Rossignol, GCAP, Tempest, China's, Paul Iddon Organizations: Service, Global Combat Air Program, The Financial Times, Financial Times, Britain's Telegraph, Japanese Institute of, Eastern, Al, KF, Indo, Getty, South Korea's KF, Turkey's TF, JF, 51st Paris Air Show, REUTERS, Rafale Locations: Italy, Japan, Saudi Arabia, Riyadh, Wall, Silicon, Tokyo, British, London, Saudi, China, Russia, Jakarta, AFP, Indonesia, Asia, Azerbaijan, Ankara, Pakistan, Baku

☆ Lockheed Martin trims F-35 jet delivery outlook
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

A Lockheed Martin F-35 fighter jet performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSept 6 (Reuters) - U.S. weapons maker Lockheed Martin (LMT.N) on Wednesday cut its delivery outlook for its F-35 jets, and delayed deliveries of its updated Technology Refresh 3 (TR-3) jets. Bethesda, Maryland-based Lockheed added it expects to deliver its first TR-3 jet between April and June next year. The Pentagon had also delayed final delivery acceptance for F-35 jets, leading to a payment delay of about $7 million per jet. In July, the defense contractor had said completion of the software integration testing would likely cause delays to its TR-3 jet.

Persons: Lockheed Martin, Benoit Tessier, Nathan Gomes, Krishna Chandra Organizations: Lockheed, Paris, REUTERS, Pentagon, Thomson Locations: Le Bourget, Paris, France, Bethesda , Maryland, Bengaluru

☆ U.S. FAA updates airworthiness directive on Boeing 777s
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The Federal Aviation Administration's superseding airworthiness directive "was prompted by a report of a crack found in a front spar lower chord," it said in the Federal Register notice. Errors in the earlier directive also "introduced a new unsafe condition related to the application of certain fastener cap seals," it said. Although Boeing intends to revise the bulletin, the FAA issued the new directive as "this work will take longer to accomplish than the risk to public safety allows," the agency said. A Boeing spokesperson said it fully supported the FAA's rule, “which is consistent with guidance we have shared with operators previously.”The FAA did not immediately provide comment.

Persons: Benoit Tessier, Susan Heavey, David Shepardson, Valerie Insinna, Ed Osmond Organizations: Boeing, Paris, REUTERS, Rights, Federal Aviation, FAA, Thomson Locations: Le Bourget, Paris, France

☆ Boeing prepares 737 MAX deliveries to China - Bloomberg News
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsAug 25 (Reuters) - Boeing Co (BA.N) is preparing to restart deliveries of its 737 MAX jets to China after a four-year halt, Bloomberg News reported on Friday, citing people familiar with the matter. "For (737 MAX) deliveries, we will be ready to deliver for our customers when that time comes," Boeing said in a statement. China was the first country to ground Boeing's 737 MAX following fatal accidents, though about 90% of the jets resumed commercial operation in the country in June. Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Nathan Gomes, Krishna Chandra Organizations: Boeing, Paris, REUTERS, Boeing Co, Bloomberg, Thomson Locations: Le Bourget, Paris, France, China, Bengaluru

FILE PHOTO-A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsAug 23 (Reuters) - Boeing (BA.N) has recently identified a new 737 MAX supplier quality problem involving improperly drilled holes on the aft pressure bulkhead, the company said on Wednesday. Boeing said the new problem could delay near-term deliveries and is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Trade publication The Air Current, which first reported on the production flaw, said Spirit AeroSystems (SPR.N) was responsible for the misdrilled holes. The defect is limited to Boeing's bestselling MAX 8 model, and it is unclear how many jets will need to be fixed or how long rework will ultimately take, Boeing said.

Persons: Benoit Tessier, Valerie Insinna, Chris Reese Organizations: Boeing, Paris, REUTERS, Federal Aviation Administration, Thomson Locations: Le Bourget, Paris, France

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Spirit AeroSystems did not immediately respond to a request for comment. After the grounding, Boeing reduced production of the 737 MAX from 52 shipsets per month to 42 but kept purchasing 52 shipsets from Spirit. Spirit reassured investors in October 2019 it would continue to produce 52 shipsets for an extended period. In December 2019, Boeing told Spirit to stop delivering shipsets for the 737MAX.

Persons: Benoit Tessier, AeroSystems, Gilson, Spirit, Nate Raymond, David Shepardson, Jonathan Oatis, Cynthia Osterman Organizations: Boeing, International Paris Air, Le, REUTERS, Spirit, Circuit, Appeals, Federal Aviation Administration, FAA, Securities and Exchange Commission, Thomson Locations: Le Bourget, Paris, France, Denver, Boston, Washington

☆ FAA issues requirement for GTF engine inspections to address high pressure turbine disk issue
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsAug 18 (Reuters) - The Federal Aviation Administration will require some users of Pratt & Whitney's <RTX.> geared turbofan engine to conduct ultrasonic inspections of a key part within 30 days, the agency said in an airworthiniess directive published Friday. The new airworthiness directive codifies the regulator's response to the previously disclosed problem. RTX declined to comment on the directive. Reporting by Valerie InsinnaOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, Valerie Insinna Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp, Airbus, Thomson Locations: Le Bourget, Paris, France

☆ US FAA issues 30-day inspection mandate for Pratt & Whitney GTF engines
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Pratt & Whitney parent RTX Corp RTX.N announced in July that a "rare condition" in powdered metal meant 1,200 of more than 3,000 engines, built for the twin-engined Airbus (AIR.PA) A320neo between 2015 and 2021, have to be taken off and inspected for micro cracks. In an airworthiness directive published on Friday, the FAA requires an ultrasonic inspection of the first- and second-stage high-pressure turbine disks within 30 days. The FAA said the directive, which is effective immediately, affects 20 engines on U.S.-registered aircraft and 202 engines worldwide. Pratt & Whitney issued an instruction to operators on Aug. 4 to expedite inspections of the disks.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, RTX, Valerie Insinna, Matthew Lewis Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp RTX.N, FAA, Thomson Locations: Le Bourget, Paris, France, Washington

☆ US startup Joby is building an electric aircraft it wants to use to fly people between airports and cities for the price of an Uber — take a look
▼ + stars: | 2023-08-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

The growing electric air taxi market is expected to be a $57 billion industry by 2035. Startups are racing to build the first certified eVTOL thanks to investments from airlines like United and Delta. Joby Aviation recently got the green light to start flight testing of its five-seater S4 2.0 eVTOL. The era of electric air taxis is almost here, and there are several competitors vying for a piece of the lucrative market. In 2021, United Airlines placed a $1 billion order for Archer's Midnight eVTOL, while Delta Air Lines invested $60 million into Joby Aviation in 2022.

Persons: Joby, Uber Organizations: Delta, Joby Aviation, Morning, Archer, Aerospace, EVE Air Mobility, Boeing, United Airlines, Delta Air Lines, Air New, American Airlines, Japan Airlines, Paris Airshow Locations: Air New Zealand

☆ ESA chief sees Ariane 6 debut launch delayed to next year
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] A worker of Ariane Group stands in front of a Ariane 6 rocket's Vulcain 2.1 engine, prior to the visit of French President Emmanuel Macron, in Vernon, France January 12, 2021. Christophe Ena/Pool via REUTERS/File Photo Acquire Licensing RightsPARIS, Aug 16 (Reuters) - The first launch of Europe's new Ariane 6 rocket has slipped into 2024 after an incomplete recent ground test, the head of the European Space Agency suggested in remarks to Reuters. Ninety percent of July's objectives were met and further tests are scheduled for September, it added. "After this series of tests we plan to consolidate a launch date for Ariane 6," ESA Director General Josef Aschbacher told Reuters. Asked whether it was fair to assume that plans for a test launch before the end of the year were now out of reach, Aschbacher told Reuters, "This is fair to say, yes".

Persons: Emmanuel Macron, Christophe Ena, Safran, Josef Aschbacher, Aschbacher, Guillaume Faury, Tim Hepher, Gerry Doyle Organizations: Ariane, Rights, European Space Agency, Reuters, ESA, Airbus, Paris Air Forum, Thomson Locations: Vernon, France, Guiana, Germany, European

An Embraer E195-E2 Profit Hunter aircraft is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier//File PhotoSAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added. The planemaker reported a 25% increase in second quarter adjusted net profit to $57.9 million, more than double the $24.3 million forecast by analysts polled by Refinitiv.

Persons: Benoit Tessier, Francisco Gomes Neto, Gomes Neto, BTG Pactual, Gabriel Araujo, Jason Neely, Barbara Lewis, Sharon Singleton Organizations: Embraer, Hunter, International Paris Air, Le, REUTERS, SAO PAULO, EMBR3, Airbus, Boeing, Refinitiv, JPMorgan, Thomson Locations: Le Bourget, Paris, France

☆ See inside a test Boeing 777X, which has flown more than 1,300 hours as the planemaker races to certify its new $442 million jet by 2025
▼ + stars: | 2023-08-13 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing's upcoming 777X will be the world's largest twin-engine aircraft when it enters the market. The company has been conducting test flights for certification thanks to a family of four experimental planes. Insider toured Flight Test 1 at the Paris Airshow in June to learn more about the program. Boeing is building the world's largest two-engine airliner, but it's been a long and difficult road. It showed off its giant 777X testbed at the Paris Air Show in June — take a look.

Persons: it's, — Organizations: Paris Airshow, Boeing, planemaker, Qatar Airways, Emirates, Paris Air Show

☆ Riyadh Air, Spain's Atlético de Madrid announce multi-year partnership
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Riyadh Air Boeing 787-9 Dreamliner is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File PhotoDUBAI, Aug 10 (Reuters) - New Saudi Arabian airline Riyadh Air and Spanish soccer club Atlético de Madrid announced a multi-year sponsorship agreement in a joint statement on Thursday. As part of the deal, Riyadh Air will become the main sponsor of the Spanish club. "This partnership means a great opportunity to offer better experiences to our fans around the world and I am confident that this alliance with Riyadh Air will take our club to new heights," Atlético de Madrid CEO Miguel Ángel Gil said in the statement. Riyadh Air, which will start flights in 2025, is owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF).

Persons: Benoit Tessier, Miguel Ángel Gil, Tony Douglas, Ahmed Elimam, David Evans Organizations: Riyadh Air Boeing, International Paris Air, Le, REUTERS, Riyadh Air, Atlético de, Madrid, Public Investment Fund, Thomson Locations: Le Bourget, Paris, France, DUBAI, Saudi Arabian, Spanish, Atlético de Madrid, Riyadh, Saudi

☆ Airbus delivered 381 jets in first seven months of 2023
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: 1 min

An Airbus A321 neo flies during a flying display at the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France June 19, 2017. REUTERS/Pascal Rossignol/File PhotoPARIS, Aug 4 (Reuters) - Airbus (AIR.PA) deliveries rose 11% in the first seven months of the year to 381 airplanes, the European planemaker said on Friday. For July, deliveries stood at 65 aircraft, it said in a monthly commercial update, confirming a Reuters report. Airbus also said it had booked 60 gross orders in July. Reporting by Tim Hepher; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, planemaker, Tim Hepher, Jason Neely Organizations: Airbus, 52nd Paris Air, REUTERS, Thomson Locations: Le Bourget, Paris, France

☆ French planemaker Dassault is building a brand new $53 million private jet and it's just inches from certification. Meet the Falcon 6X.
▼ + stars: | 2023-08-04 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +2 min

Dassault Aviation is nearing the launch of its new $53 million Falcon 6X private jet. Insider toured Dassault's experimental 6X jet at the Paris Airshow in June. French planemaker Dassault Aviation has been producing private aircraft since 1963 when it launched its first business plane — the Mystère 20. The 10X, dubbed the "penthouse of the skies," will have the world's largest passenger cabin of any purpose-built private jet, but deliveries are not expected until at least 2025. Dassault showed off its fully-built experimental Falcon 6X jet at the Paris Airshow in June.

Persons: Here's, Elon Organizations: Dassault Aviation, Falcon, Paris Airshow, Dassault

☆ Spirit AeroSystems resumes slide, sinks another 4%
▼ + stars: | 2023-08-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Spirit said it burned through $211 million of cash in the second quarter, adding that cash flow will not recover until the 2024-2025 time period. Analysts questioned whether Spirit would have to renegotiate labor contracts with Boeing and Airbus. Seifman said it is unclear what Boeing will do to help Spirit improve its financial health. "We instead believe Boeing and Airbus are likely to continue to contribute customer advances, allowing Spirit to benefit only as production rates improve," he said.

Persons: Benoit Tessier, Michael Ciarmoli, Morgan, Seth Seifman, Seifman, Ken Herbert, refinance, Cowen, Cai Von Rumohr, Refinitiv, Valerie Insinna, Marguerita Choy Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Management, Truist Securities, RBC Capital Markets, Thomson Locations: Le Bourget, Paris, France

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. The new labor agreement will add $80 million to annual costs, Spirit said. In the second quarter, the company absorbed $28.3 million in cost related to the new labor deal as well as $7.3 million in strike disruption charges. However, the strike did impact our production and deliveries, as reflected in earnings and cash flow," Chief Executive Officer Tom Gentile said. Cash burn was $211 million for the three months through June, the company said, compared to $79 million a year earlier.

Persons: Benoit Tessier, Spirit, Tom Gentile, Cash, Refinitiv, Abhijith Ganapavaram, Valerie Insinna, Sriraj Kalluvila, Mark Porter Organizations: Boeing, International Paris Air, Le, REUTERS, International Association of Machinists, Aerospace Workers, Airbus, Revenue, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Wichita

☆ The 5 deadliest Western-provided weapons Ukraine is using to fight Russia
▼ + stars: | 2023-07-29 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +9 min

The West has been sending Ukraine weapons and armed vehicles since the start of the war. Now, as Ukraine is in the midst of its counteroffensive to regain crucial territory from Russia, many of these weapons are proving useful. Insider spoke to three military experts about which of the Western-provided weapons have been the most effective for Ukraine in the war. Only time will tell how useful the weapons really areIt is still unclear how Ukraine's counteroffensive will unfold, and how long the Western weapons will hold until Ukraine will need more. A top Ukrainian general told the BBC on Thursday that because Russia has littered the frontlines in south Ukraine with multi-layered minefields, Western tanks are proving ineffective.

Persons: Serhii, Ben, that's, Zelenskyy, Fabrizio Bensch, Oleksii Reznikov, Huseyn Aliyev, Javelin, of, Cave, Lewis Joly, Marina Miron, Bradley, Hanna Maliar, Aliyev, Alivey, Alivey said.It, Oleksandr Tarnavskyi, Tarnavskyi Organizations: Shadow, Service, Leopard, US, Patriot, Challenger, Ukraine, High, Artillery, Getty, High Mobility Artillery Rocket Systems, RAND Corporation, Patriot Missile Systems, Army MIM, Defense, Research Center, East European Studies, Patriots, Ukrainian Defense Ministry Press Service, Javelin, AP, Military Times, Kyiv, Paris Air, Department of, King's College London, Soviet, Bradley Infantry Fighting, Bradley, BBC Locations: Ukraine, Wall, Silicon, Germany, Russia, Donetsk Oblast, Ben Caves, Russian, Kherson, Rzeszow, Jasionka, Poland, Moscow, of Ukraine, Le Bourget, Paris, France, Ukrainian, Europe

☆ Flying taxis look even closer to takeoff after a former top FAA official joins a big eVTOL company. Meet Archer's Midnight — which United wants to fly in 2025.
▼ + stars: | 2023-07-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Electric planemaker Archer Aviation is one of the most promising eVTOL startups in the US. Overseeing safety is the former acting head of the Federal Aviation Administration, Billy Nolen. His appointment comes ahead of Archer's upcoming Midnight eVTOL, which United plans to fly. In June, former acting head of the Federal Aviation Administration, Billy Nolen, stepped away from the regulator to become Archer's chief safety officer. Archer has already produced a full-sized mockup of its upcoming eVTOL known as Midnight, which Nolen said is still on track to start commercial flights in early 2025 despite some regulatory hiccups.

Persons: Billy Nolen, Archer, Nolen Organizations: Archer Aviation, Federal Aviation Administration, Aviation, FAA, Paris Air Show Locations: Los Angeles, Paris

☆ The former acting head of the FAA is now overseeing safety at a new electric aircraft company — and it's a good sign for takeoff. Meet Archer's Midnight eVTOL.
▼ + stars: | 2023-07-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Electric planemaker Archer Aviation is one of the most promising eVTOL startups in the US. Overseeing safety is the former acting head of the Federal Aviation Administration, Billy Nolen. His appointment comes ahead of Archer's upcoming Midnight eVTOL, which United plans to fly. One of the highest authorities on aircraft safety in the US just placed his bets on startup electric planemaker Archer Aviation, representing how close the world could be to this new era of air travel. In June, former acting head of the Federal Aviation Administration, Billy Nolen, stepped away from the regulator to become Archer's chief safety officer.

Persons: Billy Nolen, Archer, Nolen Organizations: Archer Aviation, Federal Aviation Administration, Aviation, FAA, Paris Air Show Locations: Los Angeles, Paris

☆ Boeing boosts monthly 737 production to 38, posts upbeat earnings
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Shares of the company jumped 4% before the bell after the company also posted second-quarter results that beat Wall Street expectations. The push to build 38 MAXs a month comes amid heightened travel demand, as airlines seek to grow their fleets post-pandemic. Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrow-body production to 38 a month "very soon." Although Boeing set a deadline to ramp 737 production by the end of the year, executives signaled to its supply chain that the boost to 38 a month would begin in June. Those plans faltered in April when a supplier defect involving the improper installation of a 737 bracket was discovered, though Boeing maintained it would still ramp to 38 jets by year-end.

Persons: Dave Calhoun, Stan Deal, Refinitiv, Valerie Insinna, Abhijith Ganapavaram, Anil D'Silva Organizations: Boeing, Boeing Commercial Airplanes, Paris Air Show, Air India, Airbus, Thomson

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