Raytheon Names Neil Mitchill as New CFO
Mitchill, a former United Technologies executive, replaced Toby O'Brien, who stepped down after six years as finance chief.
Rolls-Royce Hires Former Deloitte Partner as CFO
Panos Kakoullis will join Rolls as it tries to weather the historic aerospace downturn resulting from the coronavirus pandemic.
Boeing Posts $466M Loss, Announces Job Cuts
The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.
Rolls-Royce to Cut 9,000 Jobs Amid Coronavirus Crisis
Most of the cuts will come in the civil aerospace division, which makes engines for Boeing and Airbus.
Boeing Stock Drops 3% Despite Delivery Record
The company shipped a record 202 commercial aircraft in Q3 but its KC-46 military tanker program continues to experience delays.
Honeywell to Spin off $7.5B in Businesses
The company's aerospace unit will remain in its portfolio despite pressure from activist investors to spin it off.
Northrop Goes Deep Into Space With Orbital Buy
The $7.8 billion deal gives the defense contractor access to the small satellite market and boosts its presence in the missile business.
UTC to Buy Rockwell in $30B Aerospace Merger
Like other aerospace suppliers, United Technologies is seeking to cut costs and enhance negotiating power in the face of pricing pressure from customers.
Cost-Cutting Pays off for Boeing in 4th Quarter
The company ended a tough 2016 on a high note as its focus on lowering costs delivered profits that topped analysts' estimates.
WTO Tells U.S. to Withdraw Boeing Tax Break
A finding that a Washington state measure amounted to an illegal subsidy given the EU a partial victory in a trade battle with the U.S.
Rockwell to Acquire B/E Aerospace for $6.4B
"It’s really the transition to the digital airplane that's creating the perfect timing to bring these two entities together," Rockwell says.