Lockheed Martin has reported net profits of $1 billion for 1998, 23% down on the $1.3 billion of 1997. Turnover stood at $26.26 billion, down from $28.07 billion. The US aerospace giant suffered even sharper falls in the last quarter, with net profits down 66% to $125 million, compared with $371 million in the same period in 1997. Earnings were hit by $183 million expenses from closure of its CalComp Technology subsidiary.
Source: Flight International
Israel Aerospace Industries (IAI) is considering launching a conversion programme for the Boeing 787 as it weighs up future projects. Speaking to FlightGlobal sister publication Air Cargo News at the Farnborough International Airshow, IAI executive vice president and general manager, aviation group, Shmuel Kuzi explained that the business is always ...
Germany’s Deutsche Aircraft has started construction of its first D328eco test aircraft, with cutting work to extend a D328 fuselage. The D328eco is an upgraded version of the turboprop, intended to accommodate 40 passengers. It will feature more efficient engines – the Pratt & Whitney PW127XT-S – and modernised avionics, ...
Airbus is looking to obtain higher-weight certifications for its A321XLR over the next three months, as it works on the individual enhancements required by early operators of the long-range twinjet. The airframer secured European Union Aviation Safety Agency approval for the basic version – with a 97t maximum take-off weight ...
