Past strategic action on the part of Diehl’s management continues to boost the firm’s results. Most notably, during the Great Recession, Diehl responded quickly to opportunities, snapping up an Airbus interiors facility, which reshaped the company’s aerospace market presence. Continue reading
Airbus Reports Strong Orders and Deliveries in Difficult Month for Boeing
by J. Kasper Oestergaard, European Correspondent, Forecast International.Boeing and Airbus delivered 57 and 81 commercial jets in October 2018, respectively, compared to 56 and 63 deliveries during the same month last year. Airbus’ performance in October, in what is traditionally an average month for deliveries, was impressive. Boeing has been dogged by late deliveries of engines, fuselages, and other parts and components for its flagship 737 narrowbody jet since July of this year. Despite a strong comeback in recent months, in early November Boeing warned of lower-than-expected October deliveries. The company expects shipments to rebound in November and December and reaffirmed its full-year delivery target. In 2017, Boeing delivered 763 jets (748 in 2016), in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading
The Norwegian frigate Helge Ingstad has been beached and abandoned following a collision with an oil tanker in the Hjeltefjord near Bergen, Norway, in the early hours of Thursday, November 8. The ship was severely damaged in the collision with the tanker Sola TS, suffering a massive gash along one side. The torn area appears to extend a quarter of the ship’s length, leaving the machinery spaces open to the sea. The severity of the damage was made clear when the crew of 137 was forced to abandon ship, and the ship was beached to prevent her sinking in the shipping lane and blocking access to Equinor’s Sture oil shipment terminal nearby. The terminal has been closed as a precautionary measure. Continue reading
As part of a broad strategy to streamline its operations, Bombardier announced that it would sell off a number of non-core assets valued at $900 million and cut employment by 5,000. These moves are aimed at focusing the company on in its Transportation, Business Aircraft and Aerostructures segments.
The Democrats took control of the U.S. House of Representatives following Tuesday’s midterm elections, setting the stage for what could be a prolonged battle over defense spending and policy. The Pentagon’s topline was already facing cuts recently announced by the Trump administration, but the change in power in the House will give Democrats momentum as they push for increased domestic spending.
Recent U.S. DoT Data Reveals Fleet of 7,309 Aircraft Flying as of Year-End 2017
by J. Kasper Oestergaard, European Correspondent, Forecast International.
Recently, the U.S. Department of Transportation released its annual Schedule B-43 Inventory database, which contains all commercial aircraft in the U.S. inventory as of year-end 2017. Some inaccuracies and inconsistencies in the raw data were identified and fixed by Forecast International by cross-checking with individual airline fleet data.
The U.S. Defense Department reports that Saudi Arabia has ordered the modification of two Beechcraft King Air 350 planes to fulfill an intelligence, surveillance, and reconnaissance role through a Foreign Military Sales (FMS) action. Under the $23.8 million award (FA8620-16-C-4003), Sierra Nevada of Hagerstown, Maryland, will act as the prime contractor. Continue reading
Under the massive Surface Electronic Warfare Improvement Program (SEWIP), the U.S. Navy is enhancing the capability of its SLQ-32 electronic warfare system to provide early detection, analysis, and warning of – and protection from – anti-ship missiles. The multi-stage SEWIP provides a family of modular shipborne electronic warfare equipment for installation on all surface combatants, aircraft carriers, amphibious ships, and auxiliaries in the surface Navy. Continue reading
The decision by Canada to select the BAE Systems/Lockheed Martin bid for the Canadian Patrol frigate replacement has sent shock-waves through the naval community. Taken in combination with the June 28 announcement that the Australian Navy had selected the Type 26 frigate for its ANZAC replacement program, the position of the Type 26 has dramatically strengthened. In less than a year, the Type 26 has vaulted from a small, also-ran program to the leading contender in the international surface combatants market. With the Canadian order, assuming the present “preferred bidder” status is confirmed with a signed order, a total of 32 Type 26 frigates are to be built. Continue reading
Brazilian right-wing congressman Jair Bolsonaro has won a runoff election to become Brazil’s next president. Bolsonaro defeated opponent Fernando Haddad with 55.1 percent of the vote. The two men, on opposite sides of the political spectrum, faced each other after they were the two top vote-getters in the first round of elections on October 7. Since no candidate received more than 50 percent of the vote in those earlier elections, a runoff was required. Continue reading