WICHITA, Kan., Oct. 23, 2024 /PRNewswire/ — Third Quarter 2024 Revenues of $1.5 billion EPS of $(4.07); Adjusted EPS* of $(3.03) Cash used in operations of $276 million; Free cash flow* usage of $323 million Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (“Spirit,” “Spirit AeroSystems” or the “Company”) reported third quarter 2024 financial results. “We remain … Read more
Elon Musk‘s SpaceX rocket company has sued the California Coastal Commission, alleging in federal court that the panel’s members are biased because of the billionaire owner’s conservative political views, according to papers obtained Wednesday. The lawsuit, filed Tuesday in Los Angeles, alleges “unconstitutional overreach” by the commission after members criticized Musk’s political leanings during a … Read more
ARLINGTON, Va., Oct. 11, 2024 /PRNewswire/ — The Boeing Company [NYSE: BA] announced today it will recognize impacts to its financial results related to charges for certain programs across the Commercial Airplanes and Defense, Space & Security segments and the IAM work stoppage when it reports third quarter results on October 23. The company expects … Read more
Find out more at IASS 2024 in Rio de Janeiro ALEXANDRIA, Va., Oct. 11, 2024 /PRNewswire/ — The goal for aviation is a proactive safety regime that will enable airlines, regulators, air navigation service providers, and other industry stakeholders to identify, understand, and mitigate emerging risks well before they result in an accident or incident. … Read more
The dinosaurs had no such ability to deflect the Chicxulub impactor which wiped them out 66 million years ago. Once it arrives in late 2026, Hera will carry out a crash-scene investigation in deep space to determine exactly what happened after DART’s explosive impact on Dimorphos. It will use its own micro satellites to get … Read more
The Federal Aviation Administration confirmed it had grounded SpaceX’s Falcon 9 rocket pending an investigation into why the rocket’s second stage missed its deorbit landing target zone after this weekend’s Crew-9 launch from Cape Canaveral. SpaceX announced it was halting launches in a social media post late Saturday, but the FAA did not confirm whether … Read more
HELPING STUDENTS TO SECURE JOBS SP is not the only school using such learning aids. At Ngee Ann Polytechnic (NP), the institution also offers a wide range of training equipment, including an Airbus A320 flight simulator and a Dassault Falcon 10 business jet for its aerospace engineering course. Hands-on training complements conventional classroom learning, said Mr Ng … Read more
Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.” Chief financial officer Brian … Read more
Creates world’s largest high-volume manufacturing facility in its satellite class and adds 600 new high-skill technology jobs in Quebec SAINTE-ANNE-DE-BELLEVUE, QC, Sept. 13, 2024 /PRNewswire/ – MDA (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that construction is underway on a 185,000 square foot expansion at its satellite … Read more
WASHINGTON D.C. — U.S. President Joe Biden and U.K. Prime Minister Keir Starmer brushed off Russian President Vladimir Putin’s threats Friday as they met to discuss Ukraine’s pleas to use British-supplied missiles against targets on Russian soil. Asked what he made of Putin saying such an act would put NATO countries “at war with Russia,” … Read more
