After years of difficulty, Bombardier has made some bold moves under its five-year restructuring plan, begun in 2015.
The most dramatic of these steps has been the formation of a joint venture, majority led by Airbus, to take over the CSeries program. This effort, begun in late 2017, became official in July 2018 when Airbus assumed a 50.01 percent controlling stake in the program. The CSeries was quickly rebranded as the Airbus A220 after the joint venture took control of the program. The two new models in Airbus’ lineup, the A220-100 and A220-300, were formerly known as the CS100 and CS300, respectively. Continue reading →
H135 Helicopter Emergency Medical Service rescue action in Brodnica, Poland . Source: Wikimedia Commons
The helicopter emergency medical services (HEMS) sector has been one of the bright spots for civil rotorcraft manufacturers at a time when the industry has tended to struggle due to very low demand from the key offshore oil and gas sector. Solid demand for new rotorcraft from emergency medical services (EMS) operators has helped to soften somewhat the steep decline in the civil turbine helicopter market experienced since 2013, and is now helping to kickstart recovery in the market. Continue reading →
The United States has selected Boeing as its contractor for the MQ-25 Stingray unmanned aerial tanker. Boeing won an $805 million engineering and manufacturing development contract to provide four aircraft. The MQ-25 Stingray will allow for better use of combat strike fighters by extending the range of deployed naval combat aircraft, according to the U.S. Navy. Continue reading →
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Forecast International has introduced a critical new upgrade to the Industrial & Marine Turbine Forecast module of its Platinum Forecast System. With this latest update, the Platinum Forecast System, Version 4.0, now provides forecasts of total additional annual installed capacity. Now, users can see three vital statistics projections for the industrial and marine turbines market – unit production, value of production, and total capacity of production – over the next 15 years, plus historical data stretching back 10 years. Continue reading →
On July 20, during the Farnborough International Airshow, the Gulfstream G500 received both its type certification and production certificate from the U.S. Federal Aviation Administration (FAA). Source: Gulfstream Aerospace
According to the General Aviation Manufacturers Association (GAMA), in the second quarter of 2018, manufacturers reported higher deliveries on lower revenues. Fixed-wing general aviation aircraft manufacturers delivered 607 aircraft worldwide in Q2 18, up 7.2 percent from 566 in Q2 17. At the same time, revenues decreased 10.8 percent to $4.7 billion, the result of lower revenues reported by business jet makers Gulfstream, Bombardier, Embraer and Dassault. The increase in deliveries was attributable to higher piston-engine and turboprop aircraft shipments. Continue reading →
The U.S. Navy has recently awarded $20 million in contracts to L3 KEO for production and support of non-penetrating periscopes (NPPs). Work on the first NPPs will be performed in Bologna, Italy and Northampton, Massachusetts, and is expected to be completed by April 2020. Continue reading →
Over the past year the Internet has become flooded with dozens of so-called information providers with URLs that are slightly different but when opened the sites appear suspiciously as if they are related. Many of these tout single reports that are PDFs with 100 or so pages, but are priced in excess of $5,000, with prices then advancing to as high as $8,000 – $10,000 for Unlimited Access, typically termed Corporate or Library access. We even noted one that promised delivery in 20 days, a clue that the report would be generated only after one had been sold. Continue reading →
Dassault moved quickly to replace its canceled Falcon 5X business jet with the new Falcon 6X, a larger and longer-range aircraft targeted at roughly the same portion of the market that the 5X had been. In December 2017, Dassault canceled development of the 5X, and began the process of terminating its contract with Safran for the supply of Silvercrest engines to power the aircraft. At the same time, still seeing a market need for a new aircraft in this niche, Dassault announced a new, then-unnamed Falcon business jet. In February 2018, this new aircraft received the name Falcon 6X. Continue reading →
Data from Forecast International’s innovative Platinum Forecast System® 3.1 show that a total of 12,282 business jets will be produced during the 15-year period from 2017 through 2031. We estimate the value of this production at $354 billion in 2017 U.S. dollars. Continue reading →
This blog post briefly highlights recent Airborne Retrofit & Modernization news. The Retrofit and Modernization market forecast provides comprehensive coverage of major airframe, propulsion, electronics, and armament programs for military, commercial, and civil aircraft markets. These programs are broken down into their major component categories, including a detailed quantitative data set, buttressed by greater qualitative economic updates and analyses. More in-depth news can be found in Forecast’s E-Market Alert. To the minute R&M news can also be found via the Forecast R&M twitter account, @MBeresFI. Continue reading →