President Obama announced this week that the U.S. plans for approximately 9,800 American troops to remain in Afghanistan in 2015, following the scheduled completion of combat operations in the country this year.
Airbus confirmed this week it plans to increase seating on its A320 aircraft from 180 to 186 seats, while maximum capacity on A321 aircraft will increase from 220 to 240 seats. Although full details will not be revealed until next month, the European Aviation Safety Agency also confirmed Airbus’ “process for significant modification” has already started.
International competition between the aerospace giants, Airbus and Boeing, continues to heat up as both companies secured multi-billion dollar orders in China this week. China Southern Airlines Company announced an order of 50 Airbus A320neo aircraft, as well as 30 A320 jets, with a combined order value of approximately $7.3 billion.
The House Armed Services Committee (“HASC”) unanimously approved a measure that would authorize just over $600 billion in defense spending for the 2015 fiscal year. The HASC’s version of the 2015 National Defense Authorization Act includes the Pentagon’s previously requested $495.8 billion base budget, as well as $79.4 billion for Overseas Contingency Operations (“OCO”).
According to a new Deloitte report analyzing the financial performance of the top 20 major U.S. aerospace and defense sector companies, U.S. defense contractors posted a 2.6% revenue decrease in 2013.
Boeing’s first quarter earnings release this week offered generally clear skies, with a strong tailwind from its commercial operations. The world’s largest aerospace / defense company delivered 161 aircraft in the first three months of 2014, decidedly trumping Airbus’ 141 deliveries in the same period.
According to a new Department of Defense report this week, the price tag for Lockheed Martin’s F-35 Joint Strike Fighter, the Pentagon’s most expensive weapons acquisition program, increased by $7.4 billion in 2013.
Aviation maintenance, repair, and overhaul (“MRO”) providers convened at MRO Americas, the industry’s marquee conference, in Phoenix this past week. Analysts speaking at the conference stated their predictions that the overall North American MRO market will face a constrained growth environment over the next decade.