The UK aerospace sector remains a beacon of innovation and growth, showcasing its resilience and substantial economic contribution as detailed in the newly launched Global Aerospace Outlook report by ADS' Aerospace Export Focus Group and Achieving the Difference. The sector posted impressive
December 11, 2024The aerospace and defense industry has long been akin to a well-rehearsed symphony, where OEMs (Original Equipment Manufacturers) and prime integrators harmonize the inputs of myriad suppliers to create and support various platforms like airliners, submarines, and space launch vehicles. However,
December 2, 2024In a bold move to reinforce the UK's leadership in aerospace technology, the UK Government has announced a substantial investment of £975 million over the next five years aimed at creating thousands of high-skilled jobs and propelling innovation within the aerospace sector. This major funding
November 19, 2024Eve Air Mobility, a global eVTOL aircraft manufacturer and services provider, has secured a $50 million loan from Citibank N.A. to bolster its aircraft research and development program. This loan increases Eve’s second-quarter 2024 pro forma liquidity to approximately $480 million, which includes t
November 4, 2024The COVID-19 pandemic brought numerous industries to a standstill, with the aviation sector taking a significant hit. Airlines faced logistical nightmares as the number of grounded planes surged. In response, Scandinavian Airlines (SAS) found an ingenious solution to manage aircraft maintenance
October 30, 2024Pratt & Whitney, a division of RTX, has secured a substantial contract worth up to $1.3 billion to enhance the F135 engine core of the F-35 Lightning II. The upgrade, known as the Engine Core Upgrade (ECU), is designed to bolster the engine's durability while improving power and cooling
October 28, 2024