Industry News
Aerospace
Top stories summarized by our editors
8/4/2020

Japan will name a single prime contractor for the development of the country's next-generation fighter aircraft. Mitsubishi Heavy Industries is considered a leading contender.

8/4/2020

Virgin Galactic has unveiled its concept for a supersonic passenger jet capable of reaching Mach 3 and is enlisting Rolls-Royce for engine development. Rolls-Royce built the engines that powered the Concorde.

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Space
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Virgin Galactic, Rolls-Royce
8/4/2020

TUI has entered an agreement with BOC Aviation for the sale and leaseback of five new Boeing 737 MAX-8s, a deal that will provide much-needed cash to TUI amid the ongoing coronavirus pandemic. BOC has made similar deals for Boeing aircraft with Southwest Airlines and United Airlines.

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Simple Flying
8/3/2020

Embraer has received a $97.2 working capital loan guarantee from the US Export Import Bank to help support 800 US jobs. "With [the] unanimous board action supporting 800 jobs, many of which are in Florida, Exim proudly reaffirms our dedication to American businesses and workers in overcoming the economic challenges posed by the unprecedented global pandemic," said Exim President and Chairman Kimberly Reed.

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AIN Online
8/3/2020

Boeing has received a $265 million contract from the Army for nine additional MH-47G Block II Chinook helicopters to be flown by the Special Operations Aviation Command. Currently two dozen of this version are under contract with a total of 69 orders expects for special operations.

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Defense News
8/3/2020

Canada is considering Boeing F/A-18E/F Super Hornet, Lockheed Martin F-35 Joint Strike Fighter and Saab Gripen E as its next fighter jet, with plans to field a fleet of 88 new aircraft. The vendor for the $14 billion program will be selected next year.

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Defense News
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Saab
8/3/2020

The $1.9 billion acquisition of the Collins Aerospace GPS unit by BAE Systems has been finalized, giving BAE entry into the encrypted GPS M-Code market. The Collins GPS business was divested by Raytheon Technologies.

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Breaking Defense
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Raytheon Technologies
8/3/2020

Mesa Airlines will use its Boeing 737 planes to operate DHL Express cargo services amid a rise in cargo demand due to the coronavirus pandemic.

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Simple Flying
8/3/2020

Transport Canada has given type certification to the Pilatus PC-12 NGX, enabling deliveries of the model to commence in Canada. "Canada is now home to more than one hundred PC-12s, and we look forward to the NGX joining those ranks in short order," said Stan Kuliavas of Levaero Aviation.

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AIN Online
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Transport Canada
8/3/2020

A SpaceX Crew Dragon spacecraft safely returned astronauts Bob Behnken and Doug Hurley from the International Space Station on Sunday. This is the first US commercial spacecraft to complete such a mission.

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CNET
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SpaceX

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