GE Aviation to Stand Alone as GE Splits into Three
It has been a wild ride for one of America’s most storied companies. After struggling for years to get its house in order, the company has announced its plan to …
Read MoreAuthor: Richard Pettibone
Safran Charts Steady Course Toward Post-Pandemic Recovery
Safran is slowly working its way through the COVID-19 pandemic, with the initiatives it took at the beginning of the crisis helping it along. As Safran focuses primarily on the …
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Rolls-Royce and Babcock Sell Stakes in AirTanker Holdings
Rolls-Royce and Babcock Engineering announced that they have reached an agreement with Equitix Investment Management Limited to sell their respective stakes in AirTanker Holdings Limited. AirTanker Holdings Limited, a joint …
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Bombardier Now Solely Focused on Aerospace
With the disposal of its rail-related transportation division, Bombardier has reached the zenith of its restructuring efforts. After years of divestments and restructurings, today’s Bombardier is a pure-play aerospace company …
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Hyundai Heavy Industries Facing Delays over Daewoo Shipbuilding Merger
Hyundai Heavy Industries’ presence in defense markets is largely centered on the production of naval warships via its Korea Shipbuilding & Offshore Engineering (KSOE) unit. Here the company is seeking to …
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L3Harris Reaching Its Portfolio Reshaping Goals
L3Harris Technologies weathered the COVID-19 crisis quite well, with sales rising 3 percent to $18.2 billion. The growth trajectory continued in the first part of 2021, and the company …
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Lockheed Martin and Northrop Grumman to Compete for Next-Generation Interceptor
The Missile Defense Agency (MDA), in a competitive downselect phase, selected Lockheed Martin and partner Aerojet Rocketdyne and a Northrop Grumman and Raytheon Missiles & Defense team to develop and …
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Aero Vodochody Continues Trainer Focus Under New Owners
With Aero Vodochody successfully refocused on its training aircraft operations, owner Penta decided the time was ripe to divest. In mid-2020, a joint venture firm led by Hungarian businessman Andras …
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MTU Aero Engines Sees MRO Recovery In 2021
A little over a year into the COVID-19 pandemic, the aviation industry remains under pressure – a status that is likely to linger for some time to come. Air traffic, …
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United Aircraft Corporation the Centerpiece of Rostec’s Aviation Cluster
Russia is continuing to consolidate its defense industry, and now its aviation industry, around its largest state-owned defense industry holding, Rostec. According to Rostec, the inclusion of United Aircraft Corporation …
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