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...Boeing has faced growing frustration from its airline customers, after the company was forced to slow production of the 737 Max as it sought to resolve manufacturing flaws....
...It hopes to have a nine to 19-seat aircraft capable of flying up to 300 miles ready for commercial flights by 2025, with a 40 to 80-seat aircraft able to fly up to 700 miles entering service by 2027....
...He singled out the company’s space activities as an area of concern, noting that “space is very poor in terms of profitability and it is very competitive and it is very difficult to gain the scale effect...
...The company has had to slow production of the 737 Max as it sought to resolve manufacturing flaws and some airlines have had to amend their flight schedules because of delays in deliveries of Boeing aircraft...
...Christopher Calio will take the reins from Greg Hayes, who has been RTX chief executive since 2020 when United Technologies, which he led, merged with Raytheon Company....
...French engine maker Safran is set to buy a flight controls business that is part of the Raytheon Technologies group in a deal it said would make it a leader in the segment....
...American Airlines ordered another 85 A321 neos from Boeing’s rival Airbus, and 90 E175 aircraft from Brazilian aerospace company Embraer....
...O’Leary, whose growth ambitions for Ryanair are reliant on Boeing aircraft, has been consistently supportive of the company’s top executives despite the production problems....
...The company, formerly known as Raytheon, said a $5.4bn sales charge in the third quarter resulted in an operating loss of $2.5bn at its subsidiary, after a discovery of contaminants in powdered metal used...
...The company also issued its first statement, stressing that its “primary focus” was the “quality and product integrity of the aircraft structures we deliver” and that it was continuing to work with Boeing...
...The combined businesses under Safran would have sales of $1.8bn in 2024, the company estimated, compared with projected sales of $300mn for Safran’s own actuation business....
...The US aerospace and defence group, formerly known as Raytheon, said P&W will recall 600-700 engines from 2023 to 2026, leading to the grounding of an average 350 aircraft a year....
...“If it’s not Boeing, I’m not going,” was long a cherished slogan of the aircraft giant....
...Greg Hayes, chief executive of Raytheon, said the company had “several thousand suppliers in China and decoupling . . . is impossible”....
...Raytheon declined to comment....
...Safran confirmed on Monday that it was in talks over the division that makes mechanical actuators for flight controls for most commercial aircraft models, as well as several military ones....
...Fumio Kishida’s cabinet on Tuesday approved the revision to export controls, clearing a hurdle for the Global Combat Air Programme to achieve an ambitious timeline of delivering a highly advanced combat aircraft...
...The company owns more than 1,400 passenger aircraft across a range of Boeing and Airbus models....
...“This adds to the impression that Boeing has forgotten how to build aircraft,” Cunningham added....
...Collins is a subsidiary of US-based Raytheon Technologies, now known as RTX....
...This is part of the reason Luckey says his systems are better than, say, Raytheon’s....
...The collision appeared to have caused both aircraft to burst into flames....
...US defence group RTX, formerly known as Raytheon Technologies, warned last year that capacity constraints at rocket motor producer Aerojet Rocketdyne were hampering American production....
...Important customers, including Ryanair and aircraft lessor AerCap, have in recent weeks warned that the company needs to focus on safety and quality control....
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