Civil aerospace news and insights from Forecast International
Aerospacelab, a Belgian manufacturer of small satellites, has officially opened its first facility in the United States. Located in Torrance, California, the new facility will significantly increase the company’s production …
Aerospacelab Expands into the U.S. with New Manufacturing Facility Read More
In a move to bolster its position in the rapidly growing space sector, Lockheed Martin has agreed to acquire Terran Orbital in a deal valued at $450 million. By integrating …
Lockheed Martin Acquires Terran Orbital in $450 Million Deal Read More
Electra.aero Inc. successfully demonstracted its EL-2 Goldfinch hybrid-electric short takeoff and landing (eSTOL) technology demonstrator aircraft at NASA’s Langley Research Center on July 15th. The achievement marks the first flight …
Electra Demonstrates eSTOL Aircraft Capabilities at NASA Langley Read More
In a significant move aimed at revitalizing the aerospace giant, Boeing’s Board of Directors has appointed Robert K. “Kelly” Ortberg as the company’s new president and chief executive officer. Effective …
Kelly Ortberg Takes the Helm at Boeing Read More
Airbus and Thales are reportedly exploring a merger of their satellite operations, according to the Financial Times and Reuters. This potential deal is seen as a pivotal moment for Europe’s …
Airbus and Thales Eye Satellite Merger Read More
Boeing announced a definitive agreement to acquire Spirit AeroSystems for $8.3 billion in a move that reverses a long-standing trend of outsourcing key manufacturing operations. This all-stock deal comes after …
Boeing Lands Spirit AeroSystems in $8.3 Billion Deal Read More
Company Sets Sights on Tactical Recon, Invests in SAR Satellite Operator ICEYE Rheinmetall has announced its strategic expansion into the space sector. The company unveiled its initial approach at the …
Germany’s Rheinmetall Expands into Space with Focus on Tactical Intel Read More
Joby Aviation, a developer of electric vertical takeoff and landing (eVTOL) aircraft for air taxi services, has acquired the autonomy division of Xwing Inc., a company specializing in autonomous flight …
Joby Aviation Acquires Xwing’s Autonomy Division to Advance Electric Air Taxi Development Read More
Lilium, a developer of electric vertical takeoff and landing (eVTOL) aircraft, has partnered with UrbanLink, a new advanced air mobility operator, to launch electric air taxi services in South Florida. …
Lilium Lands 20 unit Order from Florida’s UrbanLink Read More
ST. LOUIS – Boeing reached an agreement with GKN Aerospace St. Louis and its parent company, Melrose Industries, to ensure continued production of critical parts for the U.S. government and …
Boeing Takes Over St. Louis GKN Facility, Securing Parts Production Read More