News

Highlights

Casimirokt | Dreamstime
News

Deere to Cut 600 More Jobs

July 1, 2024
Rising operating costs and falling demand call for “enterprise-wide changes”, according to the farm equipment manufacturer, and more employment cuts are expected.
Phuchit
News

Nano Dimension to Buy Desktop Metal

July 3, 2024
A new phase of consolidation in the additive manufacturing sector is underway with an agreement on a combination that will serve “the full gamut of customer needs from prototyping...
Richair | Dreamstime
News

Boeing, Airbus Agee to Split Spirit

July 2, 2024
The $8.3-billion plan to consolidate its major supplier of fuselage structures is Boeing’s strategy to align safety and quality management systems, plus its workforce to the same...
Lockheed Martin
News

Lockheed Wins $534M for Conventional Strike Development

June 28, 2024
The U.S. Dept. of Defense is planning for the capability to deliver a precision-guided conventional weapon strike anywhere in the world within one hour.
Timon Schneider | Dreamstime
News

Boeing Set to Launch Spirit Aero Takeover

June 27, 2024
A $4-billion, mostly-stock bid will be made for the aerostructures business as the OEM strives to recover process and quality control over the 737 and 787 programs – with some...
Ozkoroglu | Dreamstime
Ksokolowska | Dreamstime
USAF Global Strike Command
GE Aerospace
News

GE Testing Hybrid Electric Engines

June 20, 2024
The effort to speed progress on alternative power sources for commercial aircraft involves embedding electric motor/generators into turbofan engines, to improve efficiency and...
Lockheed Martin
News

Lockheed to Develop New Satellites

June 19, 2024
NASA picked Lockheed to produce three spacecraft – with options for four more – under a $2.27-billion assignment for an updated constellation of spacecraft to collect atmospheric...
Stellantis
News

Stellantis JV Assembling EVs in EU

June 18, 2024
Leapmotor – a business 51%-owned by the Italian-French automaker – is producing small electric vehicles at a Fiat and Chrysler assembly plant in Poland, competing with Chinese...
Boeing
News

737 MAX Rate Increase Reported

June 17, 2024
Boeing’s supplier master schedule appears to indicate that the manufacturer plans to accelerate the completion rate for its top-selling jet series, currently slowed by regulators...