But Raytheon’s Pratt & Whitney engine business posted a $615 million operating loss in the third quarter, down from a $520 million profit in the same period of 2019. This site uses two types of cookies: 1. The subpoena was issued Oct. 8, the company said. Collins Aerospace is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Collins Aerospace specializes in aerostructures, avionics, interiors, mechanical systems, mission systems, and power and control systems that serve customers across the commercial, regional, business aviation and military sectors. Safran is hopeful that deliveries of CFM International Leap engines can return to 2019 levels by 2024, although it stresses that this hinges on the ramp-up of the Boeing 737 Max. Welcome to flightglobal.com. Shares of Raytheon Technologies Corp., parent company of Collins Aerospace, Cedar Rapids's largest employer, fell nearly 7.5 percent Wednesday after … Pratt & Whitney Canada has implemented more layoffs in response to the troubled state of aerospace industry. Turbofan work at Pratt & Whitney’s Middletown, Connecticut site. The company is also reducing its infrastructure, which takes up 31 million square feet, by more than 20 percent ― beyond an earlier 10 percent goal for the merger. Deliveries of CFM International Leap engines more than halved across the first nine months of the year, falling to 622 against 1,316 in the same period a year earlier. “At this time, the company is unable to predict the outcome of the investigation.”. And that’s of course depending upon the timing of a widely distributed vaccine. Travel restrictions and closures related to the ongoing coronavirus pandemic hit CAE’s civil training and defense segments. By giving us your email, you are opting in to the Early Bird Brief. P&W’s sales slipped 34% year on year, to $3.5 billion in the third quarter. Hayes said that even after the pandemic subsides, it would continue to employ increased remote-work arrangements as part of a multiyear strategy to slash overhead. French aerospace giant Safran, which is a 50:50 partner in the CFM joint venture with GE Aviation, says 172 Leap ... FlightGlobal is the global aviation community’s primary source of news, data, insight, knowledge and expertise. “As you know, we set aggressive targets in the first quarter to reduce costs by about $2 billion and to take actions to conserve about $4 billion in cash, making difficult but necessary actions to reduce headcount,” Hayes said. Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company’s Pratt & Whitney and Collins Aerospace divisions. As its term winds down, Trump’s White House plots a major naval expansion, American shipbuilding: An anchor for economic and national security, The Pentagon is building a school to teach the force how to defeat drones, Pentagon re-awards multibillion-dollar office tools contract to CSRA, Japan names contractor to build its future fighter jet. At Collins Aerospace, we work side-by-side with our customers to tackle the toughest challenges in aerospace and defense.

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