Embraer has unveiled plans to invest US$3.5 billion by 2030 as part of Brazil’s national industry development program. The aerospace manufacturer announced the investment during a ceremony for Mission 6 of the New Industry Brazil initiative in Brasília, attended by President Luiz Inácio Lula da Silva. The funding will support increased aircraft production, international market
Airbus Helicopters secured 455 gross orders in 2024, marking nearly 10 per cent growth for the second consecutive year as demand for its light, light twin-engine, and heavy helicopters remained strong. The company delivered 361 helicopters, maintaining a preliminary 57 per cent share of the civil and parapublic market. Orders came from 182 customers across
Aircraft manufacturer Embraer delivered 206 aircraft in 2024, marking a 14 per cent increase from its 2023 total of 181. The Brazilian aerospace company shipped 75 aircraft in the fourth quarter, matching its delivery volume from the same period in 2023 and exceeding third-quarter deliveries by 27 per cent. Commercial Aviation achieved 73 deliveries for
Boeing has appointed former US Department of Defense chief information officer Dana Deasy to lead its technology and data analytics division. Deasy will take on the role of chief information digital officer and senior vice president of Information Technology & Data Analytics, effective December 31, 2024. In his new position, Deasy will be responsible for
Hanwha Aerospace has appointed Michael Coulter as its Global Defense CEO to lead the company’s international defense initiatives. The newly created position will oversee the defense operations of Hanwha Aerospace and its subsidiaries, including Hanwha Ocean and Hanwha Systems. Coulter previously served as Senior Vice President of Corporate Business Development at Leonardo DRS and President
Embraer has achieved investment grade status from Moody’s, marking the third major rating agency to upgrade the Brazilian aircraft manufacturer this year. The company’s credit rating was raised from Ba1 to Baa3 with a positive outlook. The upgrade follows similar moves by S&P Global Ratings in February and Fitch Ratings in September. “Our focus on
