Companies listed on the New York Stock Exchange

February 13, 2014 - 12:20am

GE Aviation this week reported that testing on the high pressure compressor (HPC) module for the GE9X engine that will power Boeing’s 777X aircraft continues to yield “very promising results,” achieving a 27:1 pressure ratio–the highest of any commercial aircraft engine. The tests began in September at the GE Oil & Gas testing facility in Massa, Italy, and the module has accumulated close to 300 hours of testing today.

January 23, 2014 - 2:20pm

Embraer delivered 53 business jets in the fourth quarter, closing the year with shipments of 119 executive jets (90 light and 29 large) and meeting its 2013 delivery guidance. At year-end, its firm-order backlog for both executive jets and airliners stood at $18.2 billion.

January 8, 2014 - 1:55pm

Rockwell Collins has named Craig Olson vice president and general manager for business and regional systems. He succeeds Jeff Standerski, who was recently named senior vice president for information management services. Olson will report to Kent Statler, executive vice president and COO of commercial systems. Olson has more than 27 years of service with Rockwell Collins and has held multiple leadership positions, including his previous role as senior director and site leader of the company’s head-up guidance systems business, based in Wilsonville, Ore.

December 30, 2013 - 12:10pm

On Saturday December 28, the Legacy 450, Embraer’s newest business jet, took to the air for the first time, according to the manufacturer.

Flown by company test pilots Eduardo Camelier and Eugênio Cará along with flight-test engineer Carlos Kobayashi, the twinjet successfully demonstrated its handling and performance characteristics during the hour and thirty-five minute flight.

December 26, 2013 - 10:40am

Rockwell Collins completed its acquisition of communications and systems integration specialist Arinc late on Monday. The avionics group, which paid The Carlyle Group $1.4 billion for Arinc, said that the integration of its new division should be complete within six to nine months. “With this move we take a major leap forward to realizing our vision of providing a richer set of seamless information management solutions that encompass the aircraft and ground-based systems,” said Rockwell Collins CEO and president Kelly Ortberg.

December 1, 2013 - 10:38am

When the General Aviation Manufacturers Association (GAMA) released its third-quarter delivery totals on Halloween, it was preparing the industry for some trick or treating.

November 19, 2013 - 4:18am

Ethiopian Airlines signed a 10-year “OnPoint” maintenance agreement with GE Aviation for its GE90 engines. Under the agreement, GE (Pavilion A9) will maintain GE90 engines on 16 Ethiopian Boeing 777s. OnPoint agreements are customized service agreements tailored to the operational and financial needs of airline customers, GE said. The agreements are designed to help lower customers’ cost of ownership and maximize their use of assets.

November 18, 2013 - 2:15am

Lockheed Martin announced last Friday that it plans to close four facilities and reduce operations at a fifth, with the loss of 2,000 jobs. The closures affect the company’s Information Systems & Global Solutions (IS&GS); Mission Systems and Training (MST); and Space Systems business areas. A further 2,000 jobs in these business areas will be eliminated through “operational efficiency initiatives,” the company said.

October 24, 2013 - 6:40pm
Ascend Flight Manager app

Rockwell Collins (Booth No. 9806) announced at NBAA 2013 enhancements to its Ascend Flight Manager app for the iPad that enables performance-based fight planning and dynamic flight tracking for Regional Trip Support subscribers. The Ascend Flight Manager app is now available at the Apple App Store.

October 22, 2013 - 7:00pm

GE Aviation is aiming to expand its Business and General Aviation business to $1 billion in revenues by 2020 from the current $300 million level. This is already significantly up from the $150 million it turned over in 2008. Brad Mottier, vice president and general manager of the unit, said $1 billion has been the goal he has headed for since 2008. The challenge, he believes, is to right-size products from the larger GE Aviation into engine technology for business aircraft “that the market can afford.”

 
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