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Aviation industry urged to hire more women as staff shortages loom

“The industries are coming under scrutiny because of the low numbers of women employed as senior executives or airline pilots” reports businessinsider.com. Signatories also agree to have a senior executive oversee diversity efforts, and to link pay of senior executives to meeting internal targets on gender diversity and inclusion. There are fundamental gender issues in aviation and aerospace,” Sugg said. Source: businessinsider.com Share This:

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U.S., China understand importance of aerospace to their economies: Boeing CEO

“FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton Thomson Reuters LONDON (Reuters) – Boeing Chief Executive Dennis Muilenburg said on Sunday both the U.S. and Chinese governments understood the importance of aerospace to their economies, despite mounting trade tensions between the two countries” reports businessinsider.com. “Aerospace thrives on global trade, free and open trade,” Muilenburg said. While Boeing is “concerned” about ongoing trade tensions across the world, it has not yet seen a material impact on its business, he added. Source: businessinsider.com Share…

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News Stocks 

Looking for another Nasdaq? Try Europe’s aerospace and defense stocks

“It gives the aerospace sector a comparative advantage relative to others that are more sensitive to short-term business fluctuations,” Perret added” reports businessinsider.com. For many investment funds, the aerospace and defense sector is more insulated from the economic cycle as it works through a huge backlog of orders and fractious geopolitics spur demand for military equipment.And defense companies have once again begun selling more than they deliver, in a sign growth is returning to the sector amid tensions between the West and Russia.Cobham shares shot up on the same day…

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The US decision on Iran means lost business opportunities, says CEO of plane leasing company

“On Tuesday, President Donald Trump announced he will withdraw the U.S. from the Iran nuclear deal and restore sanctions aimed at severing Iran from the global financial system” writes Saheli Roy Choudhury for cnbc.com. “The average age of its fleet today is 20-plus years old and a lot of the opportunities would’ve come through leasing, because leasing allows airlines in Iran to grow very quickly.”. When the Joint Comprehensive Plan of Action, known commonly as the Iran nuclear deal, was signed in 2015, companies hoped to be able to step…

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Crypto News 

Aerospace suppliers look to blockchain for parts tracking

“Blockchain could improve the tracking of goods and become a complement to, not a wholesale replacement of, suppliers’ procurement software,” she said But blockchain isn’t the only technology that can be used to keep a closer eye on parts in the supply chain” reports businessinsider.com. It has formed a working group within the company to identify business challenges worth addressing with blockchain and a spokeswoman said the supply chain seems a natural fit.In addition to the operational and cost benefits, improved parts management could speed up safety checks after an…

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Exclusive: EU set to clear $23 billion UTC, Rockwell Collins deal – sources

“BRUSSELS (Reuters) – EU antitrust regulators are set to give conditional approval to U.S. aerospace and industrial company United Technologies Corp’s $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday” reports businessinsider.com. The deal, announced in September last year and the largest in aerospace history, would create a new player in the top echelon of suppliers to Boeing , Airbus , Bombardier and other plane makers. Source: businessinsider.com Share This:

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Boeing buys plane parts supplier KLX in $4.25 billion deal

“Boeing would add between $1 billion and $1.5 billion to its annual services sales if it pulled off a separate deal with Embraer, which specializes in regional jets, Herbert wrote in a report earlier this year” writes Bloomberg News for seattletimes.com. Boeing approached the aerospace partsmaker last year before the strategic review, DealReporter said in an account earlier this year.The aircraft maker will pay $63 per share for the purchase that includes KLX’s Aerospace Solutions Group and the deal is conditional upon the successful divestment and separation of KLX’s Energy…

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Northrop Grumman beats profit and sales expectations, raises outlook

“Revenue grew to $6.74 billion from $6.41 billion, beating the FactSet consensus of $6.63 billion, as higher sales in aerospace systems and mission systems offset lower sales at technology services” writes Reporter Editor for marketwatch.com. The stock has rallied 11.3% year to date, while the S&P 500 SPX, -1.34% has lost 1.5%.The aerospace and defense contractor said the first-quarter tax rate declined to 15.2% from 17.5%. Source: marketwatch.com Share This:

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Trump’s tariffs spark national security concerns over possible strain in relationships with allies

“While fears of a trade war ripple through the global economy, experts are assessing the potential impact on national security, private sector industry and America’s relationship with partners” writes Amanda Macias for cnbc.com. “The aerospace and defense industry generates the largest net surplus in the manufacturing sector at over $86 billion a year.Mattis cited concerns about the “negative impact on our key allies” and said that therefore “targeted tariffs are more preferable than a global quota or global tariff.”.  Source: cnbc.com Share This:

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