News
Asia-Pacific aerospace briefs today
July 28th 2021
Dash 8 turboprop manufacturer, De Havilland Aircraft of Canada, said overnight it had "comprehensive contingency plans in place to continue to meet all customer requirements" after unions at its Downsview, Canada facility went on strike as negotiations over a new collective bargaining agreement stalled. Read More »
Raytheon Technologies has lifted its 2021 outlook for sales, earnings per share and free cashflow after reporting a net profit of US$1.04 billion for the three months to June 30; returning to the black from a net loss of US3.84 billion in the same months last year. The company said its defence businesses expanded and the commercial aerospace sector recovered.
GE's Aviation unit reported a US$176 million profit for the three months to June 30 compared with a loss of US$687 million in the same months in 2020 after orders rose 47% and revenue increased by 10%.
