MilitaryRaytheon Technologies’ New Venture Arm Invests In Hypersonic Aircraft Company Hermeus RTX Ventures, a capital investment group recently set up by Raytheon Technologies, on Thursday said it made a strategic investment in the start-up company Hermeus Corp., which is developing hypersonic aircraft for commercial…
Air TaxiSaudi Arabia’s $100 Billion Investment in Aviation to Enable ATM Upgrades, New Airline and Airspace Entrants RIYADH, SAUDI ARABIA — The Kingdom of Saudi Arabia (KSA) committed to investing $100 billion—356 billion SAR—into its aviation sector by 2030 in an effort to upgrade its air traffic infrastructure, launch…
Business & GAGulfstream Adjusting to New Software Validation Certification Process on G700 General Dynamics Chairman and CEO Phebe Novakovic told investors and analysts during an earnings call last week that the company's efforts to obtain type certification on the Gulfstream G700 in preparation could…
MilitaryNorthrop Grumman Touts B-21 Benefit In First Quarter; Income, Sales Slip Northrop Grumman on Thursday posted first quarter results that included a boost from its ongoing development work on the Air Force’s B-21 next-generation stealth bomber. The $67 million benefit on the B-21…
CommercialQantas Commits to New Airbus Fleet Order for Project Sunrise, Boeing 737 Replacement Qantas has confirmed a new order with Airbus that will introduce 12 A350-1000 Project Sunrise aircraft into its fleet, along with 40 new A220-300s and A321XLRs that will replace aging 737 and…
Business & GAAir Methods to Retrofit Medical Transport Fleet with FlightOS Control Interface Air Methods, one of the largest air medical service providers and helicopters operators in the U.S., has signed a new agreement with California-based transportation technology provider Skyryse to retrofit more than 400…
Business & GAEmbraer Reports Net Loss, 14 Deliveries in First Quarter This week, Embraer reported its earnings results for the first quarter of 2022. Although revenues were down 26% in comparison with the same period in 2021, the reported consolidated gross margin—20.1%—showed an…
ConnectivityPODCAST: Valour’s Daniel Welch Talks 2022 In-flight Connectivity Updates, Starlink and Regional Trends On this episode of the Connected Aviation Intelligence Podcast, Daniel Welch, senior consultant for Valour Consultancy, joins to discuss in-flight connectivity (IFC) business models for airlines, installation trends, the recent Starlink agreements…