Aerospace News

Aerospace group worried by investment drop
LONDON (Reuters) – Britain’s aerospace industry is worried that falling investment and looming cuts in defence budgets could weaken the sector even though revenue rose 5.4 percent last year to 22 billion pounds.

Aerospace expansion reason for British air show trip
ROCKFORD Officials said participation in the Farnborough Airshow next week is a chance to expand business opportunities in Rockford s multibillion dollar aerospace industry as they formally announced plans Monday for the region to be represented at the European show.

Trans-Pacific Aerospace Company, Inc. Appoints Ray Kwong to Board of Advisors; Names Nicholas Nguyen as Chief Engineer
SAN JUAN CAPISTRANO, CA–(Marketwire – 07/12/10) – Trans-Pacific Aerospace Company, Inc. (OTC.BB: TPAC – News ) (“TPAC”) announced today that it has appointed Raymond Kwong to its board of advisors and that it has hired Nicholas Nguyen as chief engineer. Mr. Kwong is a Pacific Rim veteran and is currently facilitating complex talks on a number of commercial aerospace space ventures between China …

Final Glance: Aerospace companies
NEW YORK (AP) — Shares of some top aerospace companies were down at the close of trading: Boeing fell $.07 or .1 percent, to $64.66. Goodrich fell $.08 or .1 percent, to $69.02. Northrop Gruman fell $.72 or 1.3 percent, to $55.45. Raytheon fell $.69 or 1.4 percent, to $48.81.

AGC Aerospace & Defense Launches Engine Leasing Program
OKLAHOMA CITY—-AGC Aerospace & Defense announced the launch of an aircraft engine leasing initiative with the closing of its initial aircraft engine purchase and leaseback transaction with GE Aviation.

Magellan Aerospace (UK) Limited is selected to manufacture pylon secondary support structure on A350 XWB program
Magellan Aerospace Corporation announced today that an agreement has been reached between Airbus and Magellan Aerospace Limited securing a further major work package on Airbus’ new A350 XWB.

Early Glance: Aerospace companies
NEW YORK (AP) — Shares of some top aerospace companies are up at 10 a.m.: Boeing rose $.13 or .2 percent, to $62.07. Goodrich rose $.15 or .2 percent, to $65.51. Northrop Gruman rose $.09 or .2 percent, to $54.19. Raytheon rose $.31 or .7 percent, to $47.89.

$150m aerospace facility proposed
MAYOR Paul Pisasale is talking up Ipswich s prospects of becoming the Southern Hemisphere equivalent of Seattle, Washington, following the announcement a $150 million aerospace facility had gained his council s approval.

U.S. Aerospace and Antonov to bid for U.S. tanker
U.S. Aerospace Inc, a small cash-strapped U.S. company, said on Friday it has joined forces with Antonov, the state-owned Ukrainian plane builder, to enter the hotly contested competition to build a new generation of aerial tankers for the U.S. military.

Final Glance: Aerospace companies
NEW YORK (AP) — Shares of some top aerospace companies were down at the close of trading: Boeing fell $.49 or .8 percent, to $62.26. Goodrich fell $.52 or .8 percent, to $65.73. Northrop Gruman fell $.29 or .5 percent, to $54.15. Raytheon fell $.28 or .6 percent, to $47.73.