Tag: Aerospace

UTC To Acquire Rockwell Collins In $30 Billion Aerospace Mega-Merger

Reading Time: 1 minute United Technologies Corp. (UTC) has reached a definitive agreement to buy Rockwell Collins for $30 billion, a mega-merger of aircraft parts and systems suppliers that will reshape the global aerospace manufacturing landscape. The $30 billion transaction value includes $23 billion in equity and Farmington, Connecticut-based UTC assuming $7 billion in Cedar Rapids, Iowa-based Rockwell’s debt. […]

Airways New Zealand Reports Strong Half Year Result

Reading Time: 1 minute Airways New Zealand today announced its interim results for the period ending 31 December 2016, reporting a strong operational, safety and financial performance. The State Owned Enterprise has achieved an interim net profit after tax (NOPAT) of $13.8m, a 20 per cent increase on the prior year’s $11.5 million result. During the period, Airways recorded […]

Bombardier Ramps Up Restructuring, 7,500 Jobs To Go

Reading Time: 1 minute Bombardier has announced a further round of job cuts with 7,500 positions to go, about two-thirds from the German train division, the rest from aerospace. The company expects to achieve recurring savings of approximately USD$300 million by the end of 2018, it said in a statement. Bombardier will take USD$225 million to USD$275 million in […]

Is Boeing Looking to Introduce a Brand-New Aircraft Class?

Reading Time: 2 minutes Boeing Co has been looking to introduce a whole new aircraft class to the market—the mid-market aircraft. However, the corporation’s VP of Marketing, Randy Tinseth, said the prospect posed a “tough market case.” The mid-market aircraft would range between the narrow-body, or single-aisle aircraft, and the larger wide-body aircraft. Size classification between the two is […]

Turkish Airlines Signs Strategic Alliance With Boeing

Reading Time: 1 minute A new strategic alliance agreement between Turkish Airlines (TRK) and Boeing is set to significantly boost the carrier’s and Turkey’s aerospace and technology capabilities. Under the accord TRK and Boeing have identified new areas of cooperation to further expand the US plane aviation giant’s investment within the Turkish industry. The agreement, signed by TRK’s Chairman […]

Investment in Aerospace to Rise Through 2020

Reading Time: 1 minute VITA’s Embedded Tech Trends (ETT) 2016 in Houston introduced an assessment of and forecast for the embedded computing market by analysts at to IHS Electronics & Media in Englewood, Colorado. Among the industries driving increased investment in embedded computing are industrial automation (also known as smart manufacturing or advanced manufacturing), as well as aerospace and […]