In 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
Eve 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
The 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
Pratt & 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
Natilus, a Californian aerospace manufacturer, has recently unveiled its pioneering passenger aircraft, 'Horizon'. This aircraft is making significant headlines due to its cutting-edge blended-wing-body (BWB) design, which promises to revolutionize the aviation industry through enhanced
In a determined move to address persistent challenges within Boeing's defense and space sectors, newly appointed CEO Kelly Ortberg has pledged to enforce stricter oversight and management practices. Ortberg's commitment comes in response to the series of program difficulties and financial
