GTF engine issues knock MTU off course

By Tom Batchelor February 29, 2024, © Leeham News: Problems affecting Pratt & Whitney’s Geared Turbofan (GTF) weighed on MTU Aero Engines last year but the German manufacturer still reported a solid performance in its earnings announcement on… Read More

Airbus posts record orders in 2023, meets delivery target despite challenges

By Tom Batchelor January 11, 2024, © Leeham News: Airbus exceeded its target for aircraft deliveries last year and achieved a record number of orders despite what it called a “complex” and “volatile” operating environment, according to the… Read More

Immense Commercial Airframe Shipments Growth Supercharges ATI’s Q3 Earnings

By Chris Sloan Nov. 1, 2023, © Leeham News: Aerospace and Defense (A&D) revenue increased to a company record of 61% of airframe material maker ATI’s Q3 sales, up from 51% a year ago – firmly on its… Read More

MTU posts upbeat earnings report despite €1bn GTF hit

Subscription Required By Gordon Smith Oct. 30, 2023, (c) Leeham News: MTU Aero Engines has confirmed its guidance for 2023 and posted higher adjusted sales and earnings in the third quarter. The numbers are the first reported by… Read More

RTX Q3 Earnings: Pratt GTF Powder Contamination Problem Guidance Largely Unchanged, But Big Questions Loom

By Chris Sloan Oct. 24, 2023, (c) Leeham News: “I believe we have our arms around the operational and financial impacts of the powdered metal issue,” said Greg Hayes, RTX Chairman and Chief Executive Officer, during today’s third… Read More

MRO demand, pricing power near record levels: great for providers, painful for operators

Subscription Required By Judson Rollins October 24, 2023, © Leeham News: In aviation’s topsy-turvy post-Covid recovery, one group of companies faces a near-perfect storm of positive developments: maintenance, repair, and overhaul (MRO) service providers and their suppliers. Source:… Read More

Earnings season about to begin. Here’s what to watch for.

Subscription Required By Scott Hamilton Oct. 9, 2023, © Leeham News: Earnings season reporting is about to start and there are some key things to look for. The first companies, including Boeing, begin reporting the week of Oct…. Read More

Pontifications: “We’re sick and tired of new technologies:” Avolon CEO

Editor’s Note: As Airbus and Boeing consider new airplanes, their current generation aircraft are plagued with technical issues. The engines on the A320neo and 737 MAX families continue to have problems years after entry into service. The Boeing… Read More

Pontifications: “The need for radical fuel improvements will only increase over time.”

May 30, 2023, © Leeham News: “The need for radical fuel improvements will only increase over time.” That’s the definitive conclusion of Arjan Hegeman, GE Aerospace’s general manager of advanced technology. GE is working on Performance Improvement Packages… Read More

Tanker competition decision expected later this year

Subscription Required Now open to all readers. By Scott Hamilton May 29, 2023, © Leeham News: Procurement of a new round of US Air Force aerial refueling tankers resulted in a shift in strategy driven by new threat… Read More