Aerospace Industry News

The latest aerospace industry stories, summarized by AI

Farnborough 2024: 1,000 Aircraft Orders and Industry Reset

The 2024 Farnborough International Airshow will gather 80,000 visitors, including top aerospace and defense leaders, to discuss industry trends and challenges. The event will highlight issues such as commercial aircraft backlogs, supply chain strains, and the impact of geopolitical tensions on defense budgets. Boeing's recent acquisition of Spirit AeroSystems and its legal troubles over the 737 MAX crashes will be focal points, alongside Airbus's supply chain difficulties. The show will also feature advancements in electric Vertical Take Off and Landing (eVTOL) aircraft and sustainability efforts, despite setbacks like the closure of Universal Hydrogen.

1 year ago•Source: Forbes

"Colorado's Growing Influence in Space Sustainability and Exploration"

aerospace-industry

4.835 min•1 year ago

"Colorado's Growing Influence in Space Sustainability and Exploration"

The Denver-Boulder area has become a thriving hub for the aerospace industry, with 191 aerospace businesses supporting 29,000 jobs in the region. Companies range from established prime contractors like Lockheed Martin and Boeing to innovative startups such as Voyager Space and Orbit Fab. The area's proximity to the Rocky Mountains and its robust military presence, including three U.S. Space Force bases, have contributed to its growth. With a focus on national security needs and commercial space ventures, the region has seen significant expansion and is poised to continue attracting talent and investment.

via CNBC