Civil aerospace news and insights from Forecast International
The rapidly emerging class of electric vertical takeoff and landing (eVTOL) aircraft has considerable, and possibly even transformative, market potential. The potential applications for these aircraft are numerous and varied …
Infrastructure Development Key to AAM Market Growth Read More
Thanks to ongoing strong cargo demand and a resurgence in passenger air travel, Korean Air posted an exceptional year in 2022. Sales rose to a record KRW14.1 trillion, up 56 …
Korean Air Looks to Continue Strong Post-Pandemic Performance Read More
In announcing its third quarter FY22 financial results, Mitsubishi Heavy Industries (MHI) revealed that it has decided to officially discontinue development activities for the company’s SpaceJet series of regional …
MHI Discontinues SpaceJet Regional Aircraft Program Read More
Dassault Aviation bounced back strong in 2021. Now the war in Ukraine is expected to weigh on 2022 growth. Dassault Aviation posted 2021 sales of EUR7.2 billion, up almost 32 …
Dassault Aviation Bounces Back on Strong Falcon and Rafale Orders Read More
As Russia sends troops into separatist areas of Ukraine, and facing the prospect of a full-scale invasion, the U.S. and its allies are beginning to target Russian entities with sanctions. …
Russian Civil Aerospace Spared from Sanctions So Far Read More
General Dynamics held its own in 2021 thanks to the diversity of it products in aerospace and defense markets. While defense has seen a slowdown in some sectors, further exacerbated …
General Dynamics Showing Strong BizJet Resurgence as Defense Stands Firm Read More
It has been a wild ride for one of America’s most storied companies. After struggling for years to get its house in order, the company has announced its plan to …
GE Aviation to Stand Alone as GE Splits into Three Read More
Safran is slowly working its way through the COVID-19 pandemic, with the initiatives it took at the beginning of the crisis helping it along. As Safran focuses primarily on the …
Safran Charts Steady Course Toward Post-Pandemic Recovery Read More
With the disposal of its rail-related transportation division, Bombardier has reached the zenith of its restructuring efforts. After years of divestments and restructurings, today’s Bombardier is a pure-play aerospace company …
Bombardier Now Solely Focused on Aerospace Read More
by J. Kasper Oestergaard, European Correspondent, Forecast International. On August 2, British aerospace and defense company Meggitt announced that it has accepted an offer to be acquired by Parker Hannifin, a …
British Aerospace & Defense Company Meggitt Agrees to $8.8 Billion Takeover by Parker Hannifin Read More