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HISTORICAL FACTS: 2 | History Defined

Spirit AeroSystems Clocks 30% Revenue Growth In Q1

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported first-quarter revenue growth of 30% year-over-year to $1.18 billion, beating the consensus of $1.09 billion. This increase reflects higher production deliveries on the Boeing Co (NYSE:BA) 737, Airbus SE (OTC:EADSY) A220, and Airbus A320 programs and increased Aftermarket revenue, partially offset by lower production volume on the Boeing 787 program.…

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Airbus Steps Up Monitoring Chinese Supply Chain: Reuters

Airbus SE (OTC:EADSY) is tightening monitoring of its Chinese supply chain following the increased disruption caused by recent pandemic lockdowns, Reuters reported, citing Airbus Chief Executive Guillaume Faury. "The whole worldwide supply chain is complicated at the moment," he mentioned at a news briefing in his capacity as head of France's Gifas…

Benzinga

Air Lease Registers Q1 Aircraft Investments Of $490M

Air Lease Corp (NYSE:AL) provided an update on aircraft investments, sales, and new significant financing for Q1 of 2022. The fleet consisted of 391 owned aircraft and 93 managed aircraft as of March 31, 2022, with 451 new aircraft on order from Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSF) (OTC:EADSY) set to deliver through 2028. Air Lease…

Benzinga

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Honeywell Looks For More Suppliers To Support Boeing, Airbus Aircraft Targets: Reuters

Honeywell International Inc (NASDAQ:HON) is exploring adding more suppliers as it prepares to meet higher demand from Boeing Co (NYSE:BA) and Airbus SE (OTC:EADSY), which are ramping up production to cater to a surge in air travel, Reuters reported. Honeywell, which manufactures everything from engines to cockpit components, is working to diversify its supplier base of…

Benzinga

BOC Aviation Orders 80 New Airbus A320NEO Family Aircraft

BOC Aviation Limited (OTC:BCVVF) has agreed to purchase 80 new Airbus A320NEO family aircraft from Airbus SE (OTC:EADSY). Financial terms were not disclosed. The company expects aircraft deliveries to occur between 2027 and 2029. “This is the largest single order that we have ever placed and it will bring our total Airbus aircraft purchased since…

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CDB Aviation Inks Sale, Leaseback Agreement With Volaris For Five Airbus Aircraft

CDB Aviation entered into a new sale and leaseback agreement with its existing customer, Controladora Vuela Compania De Aviacion SAB De CV (NYSE:VLRS) (Volaris), for a fleet of five Airbus SE (OTC:EADSY) aircraft. Financial terms not disclosed. CDB Aviation is an Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing). This agreement brings…

Benzinga

Airbus Q1 Deliveries Rise 13%: Reuters

Airbus SE (OTC:EADSY) delivered between 140 and 142 aircraft in the first quarter, up about 13% year-over-year, Reuters reported, citing industry sources. According to the cited sources, 62 jets were delivered in March, at least some of which came from long-term storage. The report quoted Jefferies analyst Chloe Lemarie predicting total quarterly deliveries of…

Benzinga

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Parker-Hannifin Set To Gain EU Antitrust Approval For Meggitt Deal: Reuters

Parker-Hannifin (NYSE:PH) is set to gain EU antitrust clearance for its $8.3 billion bid for Britain's Meggitt plc (OTC:MEGGF) after offering to sell a U.S. factory to address competition concerns, Reuters reported, citing people familiar with the matter. Related: Parker-Hannifin To Acquire Meggitt For ~£6.3B The report noted that PH submitted its offer to the…

Benzinga

Airbus Foresees Market For 2,210 Planes In India Over Next 20 Years: Reuters

Airbus SE (OTC:EADSY) expects the Indian aviation sector to order 2,210 planes over the next 20 years, up from a previous forecast of 1,900, reported Reuters. With low-cost carriers making up the bulk of the Indian market, Airbus expects airlines will need 1,770 narrowbody planes to grow their fleets and replace old…

Benzinga

Air Canada Acquires 26 Airbus A321neo Extra-Long Range Aircraft

Air Canada (OTC:ACDVF) agreed to acquire 26 extra-long range (XLR) versions of Airbus SE (OTC:EADSY) A321neo aircraft. Deliveries are to begin in Q1 of 2024, with the final aircraft arriving in Q1 of 2027. Financial terms not disclosed. Fifteen aircraft will be leased from Air Lease Corp (NYSE:AL), five will be leased from AerCap Holdings (NYSE:AER), and six acquired…

Benzinga

Parker-Hannifin Offers Remedies In Bid For EU Clearance Of Meggitt Deal: Reuters

Parker-Hannifin Corp (NYSE:PH) has offered remedies to secure EU antitrust approval for its £6.3 billion bid for British rival Meggitt plc (OTC:MEGGF), reported Reuters. Related: Parker-Hannifin To Acquire Meggitt For ~£6.3B The EU competition enforcer extended its deadline for a decision to April 11 from March 28. The regulator will seek feedback from rivals and customers…

Benzinga

Airbus Interested In Acquiring Atos's Cybersecurity Business - Report

European aerospace and defense firm Airbus SE (OTC:EADSY) is interested in taking over the cybersecurity business of French software company Atos (OTC:AEXAY), Reuters reported citing France's BFM TV. The report noted that Airbus had been looking into a potential acquisition of Atos over the last few weeks, driven by its interest in cybersecurity, but added that…

Benzinga

Germany To Buy 35 Lockheed F-35 Fighter Jets: Reuters

Germany plans to buy 35 U.S. F-35 fighter jets built by Lockheed Martin Corp (NYSE:LMT) to replace its aging Tornado, reported Reuters. Germany also plans to purchase 15 Eurofighter jets equipped for electronic warfare from Airbus SE (OTC:EADSY), the report cited a confidential document sent to lawmakers. "After careful consideration of all available options, I…

Benzinga

Airbus Delivers 49 Commercial Aircraft In February

Airbus SE (OTC:EADSY) has delivered 79 aircraft to 38 customers year-to-date, with 49 deliveries registered in February. Airbus recorded 149 gross orders year-to-date, of which 113 were ordered in February. Total net orders stood at 55 after 94 cancellations. In February, rival Boeing Co (NYSE:BA) delivered 22 airplanes and booked gross orders for 37 planes. Also Read: Boeing…

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This Satellite Semiconductor Firm Looks To Go Public Via SPAC Merger With Endurance

Bloomberg reports that satellite semiconductor provider SatixFy Communications Ltd agreed to go public via a special purpose acquisition company (SPAC) merger. SatixFy's deal with Endurance Acquisition Corp (NASDAQ:EDNC) will give the combined company a pro forma implied equity value of about $813 million. Israel-based SatixFy is a fabless semiconductor company providing products based on its own…

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Airbus, Fortescue Future Industries Collaborate To Help Decarbonise Aviation

Airbus SE (OTC:EADSY) has partnered with Australian miner Fortescue Metals Group Limited (OTC:FSUMF) hydrogen unit Fortescue Future Industries (FFI) to help reduce CO2 emissions from flying. FFI and Airbus signed an MoU, under which the companies will collaborate closely, to implement green hydrogen as a fuel within the aviation industry. They will look specifically…

Benzinga

Dassault CEO Voices Frustration Over Fighter Talks With Airbus: Report

Dassault Aviation SA (OTC:DUAVF) expressed frustration over a dispute with partner Airbus SE (OTC:EADSY) about the next phase of work on the European Future Combat Air System (FCAS) fighter project and stated that it was important to establish clear leadership, reported Reuters. FCAS is designed to replace the Eurofighter and Dassault's Rafale with a…

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