Avionics

RTX names Phil Jasper as President, Raytheon

Retrieved on: 
Thursday, January 4, 2024

ARLINGTON, Va., Jan. 4, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Phil Jasper has been appointed president of Raytheon and will report to President and Chief Operating Officer Christopher T. Calio.

Key Points: 
  • ARLINGTON, Va., Jan. 4, 2024 /PRNewswire/ -- RTX (NYSE: RTX) today announced Phil Jasper has been appointed president of Raytheon and will report to President and Chief Operating Officer Christopher T. Calio.
  • Jasper, a 31-year aerospace and defense veteran, succeeds Wesley D. Kremer who will retire from the company at the end of Q1 2024.
  • "Phil is a proven leader with significant depth of experience delivering defense solutions to the military customer," said Calio.
  • I am confident he will drive the newly restructured Raytheon business to accelerate performance to effectively meet customer commitments."

TJC Agrees to Acquire L3Harris’ Commercial Aviation Solutions Business

Retrieved on: 
Monday, November 27, 2023

TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company’s Avionics business unit hitting performance targets in 2023 and 2024.

Key Points: 
  • TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company’s Avionics business unit hitting performance targets in 2023 and 2024.
  • The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals.
  • CAS has two operating business units; the Avionics unit designs and manufactures mission critical, IP-driven avionics products, and the Commercial Training Solutions (“CTS”) unit provides an integrated suite of aircraft training solutions.
  • The business serves over 160 distinct aircraft platforms across commercial air transport, business and regional jet, and military end markets.

Drone Logistics and Transportation Market worth $16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, December 15, 2023

Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.

Key Points: 
  • Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.
  • The drone logistics and transportation market is experiencing a surge in demand for freight drones, propelled by several growth factors.
  • The hardware segment in the drone logistics and transportation market is projected to have the highest CAGR in the forecast period.
  • The hardware segment in the drone logistics and transportation market is experiencing robust growth driven by several key factors.

Drone Logistics and Transportation Market worth $16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, December 15, 2023

Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.

Key Points: 
  • Based on the platform, the freight drone from the platform segment is estimated to lead the drone logistics and transportation market from 2023 to 2030.
  • The drone logistics and transportation market is experiencing a surge in demand for freight drones, propelled by several growth factors.
  • The hardware segment in the drone logistics and transportation market is projected to have the highest CAGR in the forecast period.
  • The hardware segment in the drone logistics and transportation market is experiencing robust growth driven by several key factors.

Military Satellite Payloads and Subsystems Market to increase by USD 2.91 billion during 2022-2027 | The increased seaborne security threats drive market growth - Technavio

Retrieved on: 
Thursday, November 30, 2023

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The military satellite payloads and subsystems market size is expected to grow by USD 2.91 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The military satellite payloads and subsystems market size is expected to grow by USD 2.91 billion between 2022 and 2027.
  • However, the growth momentum of the market will progress at a CAGR of 7.97% during the forecast period.
  • The increased seaborne security threats drive market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Sustainable Aviation Fuel Market worth $16.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 29, 2023

The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.

Key Points: 
  • The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.
  • The biofuel segment in the sustainable aviation fuel (SAF) industry is anticipated to secure a larger market share due to several key factors.
  • The Middle East anticipates a higher SAF market CAGR, propelled by strategic investments in renewable energy and a commitment to sustainable aviation.
  • The Sustainable Aviation Fuel Companies includes major players Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

Sustainable Aviation Fuel Market worth $16.8 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 29, 2023

The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.

Key Points: 
  • The biofuel segment is poised to lead the sustainable aviation fuel market, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments.
  • The biofuel segment in the sustainable aviation fuel (SAF) industry is anticipated to secure a larger market share due to several key factors.
  • The Middle East anticipates a higher SAF market CAGR, propelled by strategic investments in renewable energy and a commitment to sustainable aviation.
  • The Sustainable Aviation Fuel Companies includes major players Neste (Finland), World Energy (Ireland), Total Energies (France), LanzaTech (US), and Fulcrum BioEnergy (US), among others.

VPG Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Tuesday, November 7, 2023

Third Fiscal Quarter and Nine Fiscal Month Financial Trends:

Key Points: 
  • Third Fiscal Quarter and Nine Fiscal Month Financial Trends:
    The Company's third fiscal quarter ended September 30, 2023 net earnings attributable to VPG stockholders were $6.3 million, or $0.46 per diluted share, compared to $10.1 million, or $0.74 per diluted share, in the third fiscal quarter ended October 1, 2022.
  • The Sensors segment revenue of $32.5 million in the third fiscal quarter of 2023 decreased 14.1% from $37.9 million in the third fiscal quarter of 2022; sequentially, revenue decreased 10.3% compared to $36.3 million in the second fiscal quarter of 2023.
  • The Weighing Solutions segment revenue of $29.0 million in the third fiscal quarter of 2023 decreased 7.7% compared to $31.4 million in the third fiscal quarter of 2022 and was 7.3% lower than $31.3 million in the second fiscal quarter of 2023.
  • The Measurement Systems segment revenue of $24.4 million in the third fiscal quarter of 2023 increased 17.2% year-over-year from $20.8 million in the third fiscal quarter of 2022 and was 4.6% higher than $23.3 million in the second fiscal quarter of 2023.

Textron Aviation’s Maintenance and Paint Apprenticeship Programs Recognized by the Kansas Department of Commerce

Retrieved on: 
Tuesday, October 10, 2023

Textron Aviation today announced that its Maintenance and Paint Apprenticeship programs have officially been recognized as state-registered apprenticeships through the Kansas Department of Commerce.

Key Points: 
  • Textron Aviation today announced that its Maintenance and Paint Apprenticeship programs have officially been recognized as state-registered apprenticeships through the Kansas Department of Commerce.
  • “These apprenticeships are another way we provide employees a solid foundation for success and ongoing support throughout their careers.
  • In a typical week, employees divide their time attending training at WSU Tech and working with assigned mentors at Textron Aviation production facilities.
  • To learn more about Textron Aviation career opportunities, interested candidates can visit txtav.com/careers .

Maritime Patrol Aircraft Market worth $11.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, September 20, 2023

Propulsion systems in the Maritime patrol aircraft market are Jet Engines which includes turbofan, turboprop, and turboshaft, and Electric Propulsion.

Key Points: 
  • Propulsion systems in the Maritime patrol aircraft market are Jet Engines which includes turbofan, turboprop, and turboshaft, and Electric Propulsion.
  • Based on the type, the Armored segment is estimated to lead the Maritime patrol aircraft market from 2023 to 2028.
  • The unmanned segment within the maritime patrol aircraft market is thriving due to the advantages of automation and cost-efficiency.
  • Europe is home to some of the biggest players in the maritime patrol aircraft market, including Leonardo S.p.A., and Airbus.