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Fuel Costs Ease, U.S. Airline Profits Soar

October 23, 2014 2:08 pm | by David Koenig, AP Business Writer | News | Comments

Saving a nickel or a dime per gallon might not seem like much to the average motorist, but for airlines that burn hundreds of millions of gallons of fuel every month, it adds up quickly. Profits are soaring at the biggest U.S. airlines, and a chunk of credit goes to those savings at the pump. Fuel is an airline's...

Gulfstream Jets Get Smarter

October 23, 2014 1:42 pm | by GE Reports | News | Comments

Large passenger jets are pretty much all alike, but each private jet is different in its own way...

New Partnership Brings Aerospace Innovation In Ontario To New Heights

October 23, 2014 1:37 pm | by The Associated Press | News | Comments

Ontario's aerospace industry is about to boldly go where it hasn't gone before as the result of...

Lockheed Martin Providing Border Protection Surveillance

October 22, 2014 1:19 pm | by Lockheed Martin | News | Comments

Working with the Army, Lockheed Martin is providing operational support for a Persistent Threat...

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3rd Spacewalk In 3 Weeks At International Space Station

October 22, 2014 11:38 am | by Marcia Dunn, AP Aerospace Writer | News | Comments

For the third week in a row, astronauts are spacewalking up at the International Space Station. This time, it's on the Russian side of the house. Russian spacemen Maxim Suraev and Alexander Samokutyaev  will double as trash men during the six-hour excursion....

Passenger Jets Push Boeing Profit To 18%

October 22, 2014 9:56 am | by Scott Mayerowitz, AP Airlines Writer | News | Comments

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year. On a per-share basis, the Chicago-based company said it had a profit of... 

Boeing 777X Plant Breaks Ground

October 21, 2014 4:31 pm | by The Associated Press | News | Comments

Boeing celebrated the groundbreaking Tuesday for its 777X Composite Wing Center at Everett.The new $1 billion, 1 million square foot center is close to the widebody plant where the 777X will be assembled because the wings are the largest Boeing has ever built — 114 feet long and 23 feet...

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GE, Honda Join To Power Legacy Cessna Jets

October 21, 2014 9:44 am | by GE Reports | News | Comments

GE engineers helped inventor and aircraft designer Bill Lear create the business jet market in the 1960s, when they converted a fighter jet engine into propulsion for the first Learjet. But the company has been largely absent from the space since...

CEO Of Total Oil Dies In Moscow Plane Crash

October 20, 2014 9:33 pm | by The Associated Press | News | Comments

Russia's Tass news agency says the CEO of French oil giant Total SA was killed when his corporate jet collided with a snow removal machine during takeoff at Moscow's Vnukovo airport. Airport officials told Tass that the collision occurred at 11:57 p.m. Moscow time Monday, killing Total CEO...

American, U.S. Airways Complete Cargo Combination

October 20, 2014 2:35 pm | by The Associated Press | News | Comments

American Airlines and US Airways say they have finishes combining their cargo operations. American Airlines Group Inc. said Monday that it was the first time that operating divisions at the two carriers have become fully combined. The combined cargo unit will have annual revenue of more than...

GE 3Q Profit Rises On Oil, Aviation Strength

October 17, 2014 1:30 pm | by Jonathan Fahey, AP Business Writer | News | Comments

General Electric's third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions. GE reported Friday net income of $3.54 billion for the quarter on sales of $36.17 billion. Last year during the same period the company earned $3.19 billion...

A Look Inside Isovolta Aerospace Industry Supplier

October 16, 2014 5:06 pm | by Sherri Buri McDonald, Eugene Register-Guard | News | Comments

South Linn County in Oregon is the unlikely home of a booming aerospace industry supplier, Isovolta Inc. Amid the agricultural firms and wood products companies in this small city north of Junction City sits Isovolta, which makes decorative laminate products for the interiors of commercial...

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Airbus Receives Its Largest Aircraft Order To Date

October 16, 2014 2:17 pm | by The Associated Press | News | Comments

Indian budget airline IndiGo has signed a preliminary order with Airbus for 250 A320neo Family aircraft. Airbus said on Wednesday that the memorandum of understanding with IndiGo, India's largest domestic airline, will become Airbus' single largest order...

GE Aviation Celebrates Opening Of NC Factory

October 16, 2014 10:40 am | by The Associated Press | News | Comments

GE Aviation is celebrating the opening of its new advanced composites factory near Asheville with a ceremony featuring state and local leaders. The new 170,000-square-foot facility, which opened Wednesday, will be the first in the world to mass produce engine components made of advanced ceramic...

Manufacturing Plant Brings 400 Jobs To SC

October 16, 2014 10:39 am | by The Associated Press | News | Comments

A new manufacturing plant in Dillon County is expected to create 400 new jobs in South Carolina during the next five years. The state Commerce Department said Tuesday that Wyman-Gordon, which makes nickel and other alloy parts for aerospace, power generation and industrial uses, is building a...

U.S. Factory Output Rises 0.5% In September

October 16, 2014 9:30 am | by Josh Boak, AP Economics Writer | News | Comments

U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing, and plastics. The Federal Reserve says output at manufacturing plants rose 0.5 percent in September after falling 0.5 percent in August. Total industrial production surged 1 percent...

Novaria Group Announces Acquisition Of Weatherford Aerospace

October 15, 2014 2:04 pm | by The Associated Press | News | Comments

Fort Worth-based Novaria Group announces today the acquisition of substantially all the assets of Weatherford Aerospace Inc., a provider of aircraft wing skins, formed structures, and unique services related to the treatment and processing of...

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U.S. Indexes Slide, Airlines, Energy Stocks Drop

October 14, 2014 1:23 pm | by Alex Veiga, AP Business Writer | News | Comments

The stock market slumped on Monday, unable to shake off worries of a global economic slowdown and plunging oil prices. Airlines, energy, and materials stocks were amoing the biggest decliners. Stocks are coming off their worst week in more than two years. The downturn...

Wyman-Gordon To Establish New Manufacturing Plant

October 14, 2014 9:59 am | by South Carolina Department Of Commerce | News | Comments

Wyman-Gordon, a manufacturer of large titanium and super alloy forgings for the aerospace and power generation markets, will establish its newest manufacturing operations in Dillon County, South Carolina. The investment is expected to create more than 400 new jobs over the next five years. Wyman-Gordon's new facility...

GE Capital Aviation Services To Acquire Milestone Aviation Group

October 13, 2014 10:07 am | by The Associated Press | News | Comments

GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE, today announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion. “The Milestone acquisition is a great fit for GE – it combines GECAS’ global reach...

Boeing Announces Garuda Order For 50 Planes

October 13, 2014 9:58 am | by The Associated Press | News | Comments

Boeing Co. says that Garuda Indonesia placed an order for 50 jets with a total sticker price of $4.9 billion. Airlines often get steep discounts off list prices for jets. Boeing said Sunday that Garuda will buy 46 of its 737 Max 8 aircraft and convert orders for...

GE Introduces Next-Generation Jet Engine

October 10, 2014 10:54 am | by GE Reports | News | Comments

Over the last several weeks, crews at GE Aviation’s flight test base in Victorville, CA, at the edge of the Mojave Desert, installed a next-generation jet engine with ceramic components and 3-D printed parts to the wing of a modified Boeing 747, and readied it for its maiden flight. The engine, called...

Alcoa Boosted By Higher Aluminum Prices

October 9, 2014 1:39 pm | by David Koenig, AP Business Writer | News | Comments

Alcoa Inc. said Wednesday that third-quarter income soared as higher aluminum prices and lower costs for raw materials boosted its core primary-metals business. The results beat Wall Street expectations, and the company's stock rose 2 percent in after-hours...

Judge Rules For Boeing In Whistleblower Lawsuit

October 8, 2014 4:44 pm | by Roxana Hegeman - Associated Press | News | Comments

Three former workers at the Boeing plant in Wichita who filed a whistleblower lawsuit against the aircraft maker and one of its suppliers failed to show Boeing defrauded the U.S. government in a $1.6 billion contract, a federal judge ruled Wednesday. U.S. District Judge...

Metal Made Like Plastic May Have Big Impact

October 8, 2014 10:54 am | by NASA News Release | News | Comments

Open a door and watch what happens - the hinge allows it to open and close, but doesn't permanently bend. This simple concept of mechanical motion is vital for making all kinds of movable structures, including mirrors and antennas on spacecraft. Material...

Army Awards Company $80M Contract Despite Federal Inquiry

October 8, 2014 12:43 am | by Richard Lardner - Associated Press | News | Comments

The Army has awarded $80 million in helicopter contracts to Wall Street executive Lynn Tilton even as the Justice Department is investigating whether she played by the rules to win earlier military work. Tilton is the founder of the private equity firm Patriarch Partners, which owns MD...

Defense Contractor Forks Over $13.7M In Settlement

October 7, 2014 7:43 pm | by The Associated Press | News | Comments

The Justice Department says a Virginia-based defense contractor has agreed to pay $13.7 million to settle allegations it knowingly overbilled the government for work performed by people without proper job qualifications. According to the....

Boeing, Airbus At Odds Over Black Box Debate

October 7, 2014 3:39 pm | by Joan Lowy, Associated Press | News | Comments

The world's two largest commercial aircraft manufacturers are at odds over equipping planes with deployable black boxes that would be easier to find in the event of an ocean crash. Airbus' chief product security officer, Pascal Andrei, told a government...

Mirror, Mirror: Testing 3D Printing For Space

October 7, 2014 9:31 am | by European Space Agency | News | Comments

Global space agencies have prioritised additive manufacturing, also known as 3D printing, as a technology with the potential to transform the way space missions are put together. But what still needs to be done to ensure 3D-printed products...

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