Civil aerospace news and insights from Forecast International
CAE announced it will increase its ownership stake in SIMCOM Aviation Training (SIMCOM) by purchasing a majority of shares from Volo Sicuro for $230 million. The transaction, expected to close …
CAE Expands Business Aviation Training with Majority Stake in SIMCOM Read More
SpaceX has secured two significant launch contracts from the U.S. Space Force’s Space Systems Command (SSC) under the National Security Space Launch (NSSL) Phase 3 Lane 1 program. These Launch Service Task …
SpaceX Lands Major Launch Contracts from U.S. Space Force Read More
Airbus Defence and Space plans to cut 2,500 jobs by mid-2026, citing a challenging business climate in its space systems division. This decision is primarily driven by significant financial losses …
Airbus Defence and Space Restructures Cutting 2,500 Jobs Read More
FDH Aero has deepened its collaboration with Commercial Aircraft Corporation of China (COMAC). The company has signed a strategic partnership agreement with COMAC and a long-term contract with its subsidiary, …
FDH Aero Expands Partnership with COMAC for C919 Single-Aisle Jetliner Read More
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