What happened

Shares of Boeing (NYSE:BA) and General Electric (NYSE:GE) each opened down more than 11% Monday morning, and shares of Lockheed Martin (NYSE:LMT) were down more than 6%, as COVID-19 fears continue to rattle the market. The ripple effects of the outbreak are going to be substantial and could eat into a number of sectors in the months to come.

The coronavirus sell-off has been going on for a number of weeks now, but Monday's open was ugly even by recent standards. The S&P 500 opened down 7%, immediately triggering a market halt.

Aerospace giants were caught up in the selling. Commercial aerospace figures to be among the sectors hardest hit by a coronavirus-related slowdown, as airlines have been scrambling to cut flights and reduce capacity in response to falling demand.

Image source: Getty Images.

Less flying means fewer airplanes are needed, and fewer GE engines. Despite the market panic, it seems unlikely the airlines will experience any permanent drop-off in demand, but a prolonged downturn could mean airlines deferring new planes scheduled for delivery in 2020, which if nothing else will delay revenue for Boeing and GE.

General Electric also has significant exposure to the energy sector and is likely feeling the impact of a collapse in the price of crude oil. GE is also facing this slowdown in the middle of a multiyear turnaround that could get delayed further if end markets dry up.

Boeing and fellow defense contractors, including Lockheed Martin, aren't as directly affected by coronavirus, as the United States is likely to continue to buy warplanes and helicopters even as the virus spreads. But the larger the crisis gets, the more it is likely to cost the government. In an environment where the Pentagon was already being pushed to make difficult decisions to conserve cash, that's worrisome news for defense investors.

This is a tough market, and until the coronavirus is deemed under control, it is going to be hard to find a bottom. Things could get worse before they get better.

That said, there is nothing to suggest that the fundamentals of these businesses have changed. Lockheed Martin remains one of the best-run businesses in the defense sector, while GE is progressing but potentially had "limited upside" even without the virus concerns. Boeing investors meanwhile need to remain focused on the company's effort to navigate through the 737 MAX crisis.

It's hard to focus on the big picture on a day when stocks are plunging, but for those with the stomach to ride out the turbulence -- or at least not check stock prices while the outbreak scare plays out -- the current chaos is sure to create opportunities.

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Why Shares of Large Aerospace Companies Are Falling Today - Motley Fool

From a pilot eye-tracking simulator to roundtables on sustainability and more, the Take-off/Touch-down programming at Concordias 4TH SPACE from March 2 to April 7 will make the high-flying world of the aerospace industry accessible to the university community and public at large.

Many Concordia researchers are engaging with the far-reaching and interdisciplinary field of aerospace.

With developments in engineering, science and technology, however, come questions for the environment, social sciences and regulatory bodies: what is the human experience of controlling flight? Why arent there more women in the industry? Who are the people pioneering the field? As a high polluting industry, how is aviation turning green? Who governs flight?

There are so many challenges facing the industry, says Nadia Bhuiyan, Concordias vice-provost of partnerships and experiential learning.

Imagine that by 2037, the International Air Transport Association is predicting that the number of passengers will increase to more than eight billion. Now imagine the impact of this on the environment, on airports, on communities living near airports, on aircraft design, on the cost of travel and so on.

And the competition for these passengers will be intense.

China is expected to surpass the United States as the worlds largest air passenger market. Concordia researchers are at the forefront of developing more efficient, effective and connected aircraft and optimizing the processes needed to design and develop them. They are looking to find ways to reduce fuel consumption in airports and to better schedule flights to reduce congestion and wait times, Bhuiyan adds.

Our researchers are also developing space-related technologies in an effort to better understand what lies beyond our atmosphere. And to continue to tackle these challenges well into the future, we need to build our 21st-century workforce one that could benefit from a lot more women.

For the duration of Take-off/Touch-down, 4TH SPACE will house drones, planes, wind tunnels, simulators and aspects of the historical development of aerospace, as well as foreground Concordias cutting-edge research via videos and interdisciplinary roundtable discussions.

Visitors to the event will receive a travel passport fashioned to guide them as they encounter planes designed and built by Concordias Society of Automotive Engineers, a spherical drone from UAV Concordia, drones from the Concordia Chapter of the American Helicopter Society and a variety of rockets and prototypes from Space Concordia.

4TH SPACE visitors will also encounter the Ambular drone developed by staff from the International Civil Aviation Organization (ICAO). The Ambular 2.0 is a quick, safe and versatile response unit that can easily navigate the diversity of the built and natural environment, rapidly moving a person facing a medical emergency to the nearest hospital.

The Ambulars accompanying virtual reality experience allows visitors to navigate the drone through different terrains and feel what it would be like to be the pilot.

The Ambular research project is a partnership between ICAO staff, Concordia and other collaborators. The ICAO team has designed the vehicle prototype featured at 4TH SPACE, explains Luis Rodrigues, professor of electrical and computer engineering in the Gina Cody School of Engineering and Computer Science.

The project will focus on the development of air mobility systems capable of performing optimal trajectory planning, emergency response and trajectory re-planning in real-time, energy management and battery recharging, air traffic management and virtual reality and augmented reality based on real-time video streaming, he says.

All of these capabilities are expected to be on board a fleet of autonomous electrical vertical takeoff and landing vehicles in the future of air mobility. This research project gives an important step in that direction.

Stripping down aviation to its materiality, the Concordia Centre for Composites (CONCOM) is bringing in an aeroplane tail rotor made of carbon fibre. The choice of material reflects the needs for lighter materials in aerospace design, moving from aluminium to carbon fibre that is tested at CONCOM to understand if the strength is enough for industrial needs.

Material from this lab has been used for research at Concordia, including for parts of Space Concordias Rocketry Division, and testing is done with an automated fibre placement machine with a robotic arm, the only one of its kind.

Alongside the fixed installations, researchers, professionals and students will come together each week for roundtable discussions that highlight a different aspect of aerospace.

Aerospace engineering classes will also activate the space, giving an insight into the technical facets of the industry.

On March 2, at the first in the series of roundtables, Susan Liscout-Hanke, associate professor of mechanical, industrial and aerospace engineering, will moderate a discussion on green aviation with participants from Bombardier, ICAO, CIADI and the Gina Cody School.

The conversation will relate to solar power for aircrafts, thermal analysis, composite materials and biofuels, as well as waste reduction in design, manufacturing and supply chain.

On March 10, Bhuiyan will facilitate a discussion on how to increase the number of women in Aerospace by panellists from ICAO, SAE Aero, CAE, Pratt & Whitney Canada, the John Molson School of Business and the Gina Cody School.

Rodrigues will lead a conversation on March 16 by participants including members of the Department of Psychology and Marinvent Corporation on the challenges related to drones and mobility, regulatory issues and the human experience of aviation.

The final roundtable in the series, to be held April 3, will look at the future of space research at Concordia. The roundtable will connect student associations and faculty members to explore Concordias upcoming efforts in space exploration.

Throughout the programming, 4TH SPACE will also host classes on design structure, avionics systems and the final design review for the aircraft design capstone project.

The showcase will culminate on April 7 with Aerospace Day, dedicated to air and space mobility, at the Concordia University Conference Centre on the ninth floor of the John Molson Building, MB-9, 1450 Guy St.

Stop by 4TH SPACE during the Take-off/Touch-down programming to soar through the universe of aerospace to infinity and beyond!

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Learn how Concordia is jetting to forefront of aerospace - Mirage News

In the past few years, aerospace is being bombarded with new technology advancements. How are these innovations impacting it?

FREMONT, CA:In modern days aerospace industry, manufacturers generally feel bound to function in a particular way as it is a tested, validated process, or because the aerospaces physics govern specific limitations on materials, designs, and systems.

However, these manufacturers will be unable to obtain real innovating if they continue to do the same things and anticipate for distinct outcomes.

These days, more aerospace shops are discovering automation because of collaborative robotic and machine incorporated robotic technology. Cobots are suitable since they enable operators to move forward, inspect, and verify the grinding process.

However, with measurement and cell controller technology becoming more sophisticated, shops might be less dependent on humans and adopt entirely closed-loop systems.

In these kinds of systems, once a part is completed on a grinder, a robot moves it to a measurement system for investigation, and then an algorithm present in the cell controller affirms if tolerances are within an acceptable range and if there is any need to change the grinding program to adjust for any kind of drifts in the performance. Besides, these systems can automatically enter corrections to the offsets of the grinder.

Moreover, 3D printing plays a significant role in the manufacture of aerospace components. This innovation introduces new avenues for intricate part design and potentially allows aerospace original equipment manufacturers (OEMs) to make components with reduced weight as well as improved durability.

In addition to modern processes, aerospace manufacturers constantly look at new materials that can enhance parts and their performance.

Aerospace OEMs are continually researching new designs for making aircraft even more proficient and faster.

However, it is tough to design aircraft, which is light enough yet with sufficient power to fly into the stratosphere and retain such incredibly high speeds.

Other design innovations, like electric-powered aircraft, can minimize noise and air pollution.

If battery technology continues to advance at its existing speed, it is possible for electric airplanes to become a reality.

In spite of numerous avenues for growth and change, innovation in the field of aerospace is likely to come at a calculated and cautious pace.

See Also:Top Aviation Technology Companies

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What Transformations Will New Aerospace Technologies Bring in the Future? - CIOReview

Aerospace Interior Adhesives Marketreport profile provides top-line qualitative and quantitative summary information including: Market Size (Production, Consumption, Value and Volume2014-2019, and Forecast from 2020 to 2026). The Aerospace Interior Adhesives Market profile also contains descriptions of the leading topmost manufactures/players like (Henkel AG & Co.KGaA (Germany), Solvay S.A. (Belgium), Huntsman Corporation (U.S), Avery Dennison (U.S.), (France), Hexcel Corporation (U.S.), Arkema S.A., The 3M Company (U.S.), Delo Industrial Adhesives (Germany), Master Bond Inc. (U.S.), and Permabond LLC (U.K.).) which includingCapacity, Production, Price, Revenue, Cost, Gross, Gross Margin, Growth Rate, Import, Export, Market Share and Technological Developments.Besides, this Aerospace Interior Adhesives market covers Type, Application, Major Key Players, Regional Segment Analysis Aerospace Interior Adhesives, Industry Chain Analysis, Competitive Insights and Macroeconomic Analysis.

Some of The Major Highlights Of TOC Covers:Development Trend of Analysis of Aerospace Interior Adhesives Market;Marketing Channel; Direct Marketing; Indirect Marketing; Aerospace Interior Adhesives Customers; Aerospace Interior Adhesives Market Dynamics; Opportunities;Market Drivers; Challenges; Influence Factors; Research Programs/Design; Aerospace Interior Adhesives Market Breakdown; Data Triangulation and Source.

Get Free Sample PDF Copy (including full TOC, Tables and Figures) of Aerospace Interior Adhesives Market Report @https://www.coherentmarketinsights.com/insight/request-sample/711

Report Answered Following Key Questions

Key Businesses Segmentation of Aerospace Interior Adhesives Market:

Aerospace Interior Adhesives Market Taxonomy

The global aerospace interior adhesives market is segmented as follows;

On the basis of resin type,

On the basis of aircraft type,

On the basis of product type,

On the basis of distribution,

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia) Europe (Turkey, Germany, Russia UK, Italy, France, etc.) North America (the United States, Mexico, and Canada.) South America (Brazil etc.) The Middle East and Africa (GCC Countries and Egypt.)

Do You Have Any Query Or Specific Requirement? Ask to Our Industryhttps://www.coherentmarketinsights.com/insight/talk-to-analyst/711

Key Highlights of the Table of Contents:

Overview: Along with a broad overview of the global Aerospace Interior Adhesives, this section gives an overview of the report to give an idea about the nature and contents of the research study. Analysis on Strategies of Leading Players: Market players can use this analysis to gain competitive advantage over their competitors in the Aerospace Interior Adhesives. Study on Key Market Trends: This section of the report offers deeper analysis of latest and future trends of the market. Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Aerospace Interior Adhesives. Regional Growth Analysis: All major regions and countries have been covered in Aerospace Interior Adhesives report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets. Segment Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Aerospace Interior Adhesives. Market participants can use this analysis to make strategic investments in key growth pockets of the Aerospace Interior Adhesives.

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Aerospace Interior Adhesives Market Latest Innovation, Advance Technology And Top Companies - News Times

This intelligence report provides a comprehensive analysis of the Aerospace & Defense Chemical Distribution Market. This includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. Its a 360-degree overview of the global markets competitive landscape. The report further predicts the size and valuation of the global market during the forecast period.

The main uses of chemicals are in electroplating and renovation coating of metal components for the engineering industry and also includes the aerospace and defense sector. Chemicals such as adhesives & sealants, paints & coatings, lubricants & greases, oils & hydraulic fluids, solvents and others are used in aerospace and defense sector. Product difficulty and strong safety standards mean supply chains and products cannot be adapted easily.

Major Players in this Report Include,

Trimteck, LLC (United States), Aerospace Chemicals (United Kingdom), E.V. ROBERTS (United States), Vantage (United States), Univar Inc. (United States), Aviation Chemical Solutions (United States), Starry Oil Corporation (Japan), Spectrum Aerospace GmbH (Germany), AirChem Consumables BV (United Arab Emirates) and Graco Supply Company (United States)

Free Sample Report + All Related Graphs & Charts: https://www.advancemarketanalytics.com/sample-report/113288-global-aerospacedefense-chemical-distribution-market

Market Drivers

Market Trend

Restraints

Opportunities

Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Global Aerospace & Defense Chemical Distribution Market is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.

This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.

Furthermore, the years considered for the study are as follows:

Historical year 2013-2017

Base year 2018

Forecast period** 2019 to 2025 [** unless otherwise stated]

**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.

The titled segments and Market Data Breakdown are illuminated below:

By Type (Adhesives & Sealants, Paints & Coatings, Lubricants & Greases, Oils & Hydraulic Fluids, Solvents, Others), Application (Airframe, System, Engine, Interiors)

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Strategic Points Covered in Table of Content of Aerospace & Defense Chemical Distribution Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Aerospace & Defense Chemical Distribution Market.

Chapter 2: Exclusive Summary the basic information of the Aerospace & Defense Chemical Distribution Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Aerospace & Defense Chemical Distribution

Chapter 4: Presenting the Aerospace & Defense Chemical Distribution Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2018

Chapter 6: Evaluating the leading manufacturers of the Aerospace & Defense Chemical Distribution market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Aerospace & Defense Chemical Distribution Market is a valuable source of guidance for individuals and companies.

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Aerospace & Defense Chemical Distribution Growing Popularity and Emerging Trends in the Market | Trimteck, Aerospace Chemicals, Univar, Spectrum -...

Robust Market Research has added 2020-2025 Global and Regional Aerospace Foams Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report to its research database. The report presents the advanced technology manufacturer with high-quality data such as segment-wise data, region wise data. The data included in the report is collected from an industry expert and market participants across the key points of the market value chain. The report is fairly segmented into market players, regions, applications and their respective types and sub-types. The comprehensive study of the global Aerospace Foams market includes historical data from 2015-2019, forecast data from 2020-2025, and variations in the market price and market size. It analyzes the degree of competition faced by major market players and their total influence on the market.

Introduction of The Market:

The report provides a comprehensive overview of the competitive landscape of the global Aerospace Foams market. It analyzes various business perspectives such as major key players, key geographies, drivers, restraints, opportunities, and challenges. It thoroughly looks at market aspects including global market trends, market shares, size, recent technological advancements, and innovations. Other key points, like competitive analysis and trends, concentration rate, mergers & acquisitions, expansion tactics have also been included in the report.

DOWNLOAD FREE SAMPLE REPORT: https://www.robustmarketresearch.com/report-detail/6493/request-sample

Following Key Segments Are Thoroughly Explained In The Report:

Competitive Segment: This market research report on the global market analyzes the growth prospects for the key vendors operating in this market space including Aerofoam Industries, Armacell International, BASF, Boyd Corporation, ERG Materials and Aerospace, Evonik Industries

Product Segment: This report deeply analyzes the market growth of several types of products sold by leading companies. Most important products covered in this report are: Polyurethane Foam, Phenolic Foaming Material, Metal Foam, Silicon Carbide Foam Material

Application Segment: The report throws light on the market potential of key applications and identified future opportunities they are expected to create in the global Aerospace Foams market. On the basis of the end users/applications, this report focuses on the status and outlook for major applications: Aviation, Defence, Other

Regional Segment: Each regional market is carefully looked into for understanding its current and future growth scenarios. On the basis of geography, the market covers: Americas (United States, Canada, Mexico, Brazil, APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

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Moreover, the research report analyzes the markets ongoing value patterns and the development prospects for the business. Other key pointers like the raw material processing rate and market concentration rate are covered in the report. The report further assesses information on upstream raw supplies, downstream interest, and current global Aerospace Foams market dynamics, the import/export status, supply chain management, and cost structure along with anticipation. Additionally, it focuses on manufacturing analysis including the raw materials, cost structure, process, operations, and manufacturing cost strategies. SWOT analysis, Porters five model analysis has also given further.

Customization of the Report:This report can be customized to meet the clients requirements. Please connect with our sales team ([emailprotected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.

About Us:Robust Market Research is a leading market intelligence company that sells reports of top publishers in the technology industry. Robust Market Research provides you the full spectrum of services related to market research, and corroborate with the clients to increase the revenue stream, and address process gaps.

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Global Aerospace Foams Market 2020-2025|The demand for the Market will drastically increase in the future - Packaging News 24

Global Commercial Aerospace Coatings MarketThis research report provides detailed study accumulated to offer Latest insights about acute features of the Commercial Aerospace Coatings Market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.It presents the 360-degree overview of the competitive landscape of the industries. Commercial Aerospace Coatings Market is showing steady growthand CAGR is expected to improve during the forecast period.

Manufacturer DetailAkzoNobelPPGSherwin-WilliamsHenkelZircotecHentzen CoatingsHohman Plating & ManufacturingMankiewiczBASFAPS MaterialsArgosy InternationalNVSC Speciality CoatingsAsahi Kinzoku KogyoAHC Oberflachentechnik

Product Type SegmentationE-coatPrimerClear CoatOther

Industry SegmentationOriginal Equipment Manufacturer (OEM)Maintenance, Repair & Overhaul (MRO)

Global Commercial Aerospace Coatings Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global Commercial Aerospace Coatings industry also clarifies economic risks and environmental compliance. Global Commercial Aerospace Coatings market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.

Commercial Aerospace Coatings Market: Regional Analysis Includes:

Major Points Covered in TOC:

Key Questions Answered in the Report Include:

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About Us:

Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

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Commercial Aerospace Coatings Market 2020- Overall Analysis, Technology Growth By Key Players, Segmentation, Application, Demand And Forecast By 2024...

Investors focused on the Aerospace space have likely heard of Teledyne Technologies (TDY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Teledyne Technologies is one of 34 companies in the Aerospace group. The Aerospace group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TDY is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for TDY's full-year earnings has moved 0.44% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, TDY has gained about 9.08% so far this year. At the same time, Aerospace stocks have gained an average of 4.74%. This means that Teledyne Technologies is performing better than its sector in terms of year-to-date returns.

To break things down more, TDY belongs to the Aerospace - Defense Equipment industry, a group that includes 19 individual companies and currently sits at #191 in the Zacks Industry Rank. This group has gained an average of 6.11% so far this year, so TDY is performing better in this area.

Investors in the Aerospace sector will want to keep a close eye on TDY as it attempts to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportTeledyne Technologies Incorporated (TDY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.

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Is Teledyne Technologies (TDY) Outperforming Other Aerospace Stocks This Year? - Yahoo Finance

It used to be that aerospace industry could always rely on the best STEM graduates choosing careers in it. But the advent of Big Tech is changing that. File picture of a US Air Force C-17 Globemaster III cargo jet. Image for illustrative purposes only. Image Credit: AP

Innovation remains fundamentally important for the aerospace and defence (A&D) sector, especially when it comes to competing with other industries to attract the worlds brightest talent. Within this sector, the Middle Easts aerospace sector will see around 8 per cent year-on-year growth in 2020.

But as the UAE, in particular, prepares toward the next 50 years, the aerospace industry will need to inspire the youth to advance the industry for decades to come. Today, there is tremendous pressure on the aerospace industrys workforce. There are a large number of retirements on the horizon, from pilots to engineers to people working on the assembly line and in maintenance, repair and overhaul (MRO).

Looking at the level of science, technology, engineering, mathematics (STEM) graduates entering the marketplace in Europe and North America, there simply are not enough to meet demand. The shortage of STEM graduates is a key trend driving disruption in aerospace.

Events such as the Global Aerospace Summit bring the industry together to discuss pertinent topics such as innovation and advancing our ecosystem, offering the ideal platform to discuss trends and challenges affecting our industry.

Talent moves around

Technology has blurred the lines between industry sectors, ultimately creating new competition to attract a talented workforce from a receding pool. STEM graduates that the aerospace industry in particular depend on are now gravitating toward non-traditional big tech companies.

For instance, an aerospace engineer can graduate from the University of Washington in Seattle with a strong possibility they would go on to pursue a career at Boeing. Today, that same student has the option to work downtown at Amazon.

Need for nurture

A major focus for the A&D industry needs to be on how we develop our talent, including how we plan for succession and different roles. There are a number of tools and technologies being deployed in the industry that help businesses do just that. For example, companies from within the aerospace industry and beyond sponsor the Advanced Manufacturing Research Centre in Sheffield, which brings together technologies and demonstrates their capabilities.

It helps us understand how these technologies integrate within the ecosystem, while training talent on these new, cutting-edge developments.

This is particularly important as many aerospace companies still carry out digitization intermittently rather than on a sustained end-to-end basis as part of a digital roadmap.

This is a key reason, I believe, why we see that less than 20 per cent of companies agree that they are getting a return on their technology investments.

Technology is impacting both professional and manual jobs within the aerospace industry. With this in mind, the need for re-skilling the workforce remains a priority that ensures companies can keep pace with rapid technological developments that are shaping the industry.

According to our research, the future workforce will have to adjust to increasingly rapid changes in technology, requiring them to be more adaptable and flexible.

Ultimately, success will come to companies that are able to successfully combine the powers of their human workforce with new technologies in the office and on the shop floor.

- John Schmidt is Managing Director and Global Aerospace and Defence Lead at Accenture.

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Aerospace industry needs talent to stay put | Aviation - Gulf News

New industry offerings include lightweight, sustainable aircraft products

PPG (NYSE:PPG) today announced that it will highlight its full range of aerospace products and services at the Singapore Airshow at Changi Exhibition Centre in Singapore, Feb. 11-16, 2020.

The PPG booth (D79) will showcase an array of innovative industry offerings, including coatings, sealants, transparencies, packaging and application systems, engineered materials and transparent armor, as well as chemical management and other services.

In addition to its broad range of lightweight and sustainable products, the company will feature its PPG SOLARON BLUE PROTECTION UV+ blocking technology for aircraft windows. This recent technology helps protect aircrews, passengers and aircraft interiors from solar radiation.

Held biannually at Changi Exhibition Centre in Singapore, the Singapore Airshow is Asias largest aerospace and defense event.

PPG is investing in a new 38,750-square-foot (3,600-square-meter) application support center (ASC) at Seletar Aerospace Park near the Seletar Airport in Singapore. The project is the companys largest investment to date in Southeast Asia, at approximately $15 million.

Scheduled for completion in mid-2020, the ASC will accommodate increased demand for aerospace sealants, adhesives, coatings, transparencies, chemical management services and the packaging of third-party products.

For more information on PPGs aerospace products and services, visit http://www.ppgaerospace.com. For more information on the Singapore Airshow, visit http://www.singaporeairshow.com.

PPG: WE PROTECT AND BEAUTIFY THE WORLD

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit http://www.ppg.com.

We protect and beautify the world and Solaron Blue Protection are trademarks and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Aerospace

View source version on businesswire.com: https://www.businesswire.com/news/home/20200203005611/en/

Contacts

PPG Media Contacts: Lynne EvosevichAerospace878-208-2804evosevich@ppg.com http://www.ppg.com

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PPG to Showcase Innovative Aerospace Products, Services at Singapore Airshow - Yahoo Finance

Universal Stainless to Present at Cowen and Company 41st Annual Aerospace/Defense & Industrials Conference on February 12th

BRIDGEVILLE, Pa., Feb. 07, 2020 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that Dennis M. Oates, Chairman, President and Chief Executive Officer, will speak at the Cowen and Company 41st Annual Aerospace/Defense & Industrials Conference on February 12th, from 2:05 to 2:45 PM (Eastern).

The Company will post the slide presentation for this conference in the investor relations section of its website at http://www.univstainless.com. Cowen and Company will host a live webcast of the Companys presentation, which can be accessed at http://wsw.com/webcast/cowen58/usap/and in the investor relations section of the Universal Stainless website. A replay of the event will be available on the Companys web site approximately three hours after the live event and accessible for ninety days.

About Universal Stainless & Alloy Products, Inc.

Universal Stainless & Alloy Products, Inc., established in 1994 and headquartered in Bridgeville, PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing. More information is available at http://www.univstainless.com.

Forward-Looking Information Safe Harbor

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, the Companys ability to maintain its relationships with its significant customers and market segments; the Companys response to competitive factors in its industry that may adversely affect the market for finished products manufactured by the Company or its customers; uncertainty regarding the return to service of the Boeing 737 MAX aircraft; the Companys ability to compete successfully with domestic and foreign producers of specialty steel products and products fashioned from alternative materials; the demand for the Companys products and the prices at which the Company is able to sell its products in the aerospace industry, from which a substantial amount of our sales is derived; the Companys ability to develop, commercialize, market and sell new applications and new products; the receipt, pricing and timing of future customer orders; the impact of changes in the Companys product mix on the Companys profitability; the Companys ability to maintain the availability of raw materials and operating supplies with acceptable pricing; the availability and pricing of electricity, natural gas and other sources of energy that the Company needs for the manufacturing of its products; risks related to property, plant and equipment, including the Companys reliance on the continuing operation of critical manufacturing equipment; the Companys success in timely concluding collective bargaining agreements and avoiding strikes or work stoppages; the Companys ability to attract and retain key personnel; the Companys ongoing requirement for continued compliance with laws and regulations, including applicable safety and environmental regulations; the ultimate outcome of the Companys current and future litigation matters; the Companys ability to meet its debt service requirements and to comply with applicable financial covenants; risks associated with conducting business with suppliers and customers in foreign countries; risks related to acquisitions that the Company may make; the Companys ability to protect its information technology infrastructure against service interruptions, data corruption, cyber-based attacks or network security breaches; the impact on the Companys effective tax rates from changes in tax rules, regulations and interpretations in the United States and other countries where it does business; and the impact of various economic, credit and market risk uncertainties. Many of these factors are not within the Companys control and involve known and unknown risks and uncertainties that may cause the Companys actual results in future periods to be materially different from any future performance suggested herein. Any unfavorable change in the foregoing or other factors could have a material adverse effect on the Companys business, financial condition and results of operations. Further, the Company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the Companys control. Certain of these risks and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.

News by QuoteMediawww.quotemedia.com

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Universal Stainless to Present at Cowen and Company 41st Annual Aerospace/Defense & Industrials Conference on February 12th - EnerCom Inc.

The event will be held on the EFSC Cocoa Campus in Building 14, Room 129

ABOVE VIDEO: Eastern Florida State College will host an Information Session to highlight its Aerospace Technology Program on Tuesday, February 25 from 5-6 p.m.

BREVARD COUNTY COCOA, FLORIDA Eastern Florida State College will host an Information Session to highlight its Aerospace Technology Program on Tuesday, February 25 from 5-6 p.m.

The event will be held on the EFSC Cocoa Campus in Building 14, Room 129. The Cocoa Campus is located at 1519 Clearlake Road, Cocoa, FL 32922.

Aerospace Technology Program graduates earn an Associate in Science Degree in an exciting field of study that prepares them for entry-level positions in the aerospace and aeronautics industry.

Graduates will also qualify for many applied technology jobs such as testing, fabrication, assembly, repair and manufacturing.

Those interested in attending a session are encouraged to register in advance, CLICK HERE.

For more information about the Aerospace Information sessions, contact Philip Sweeney at sweeneyp@easternflorida.edu or (321) 433-5771.

CLICK HERE FOR BREVARD COUNTY NEWS

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WATCH: Eastern Florida State Will Host Aerospace Program Information Session on February 25 | - SpaceCoastDaily.com

Airbus India and Adani Defence signed an agreement on Thursday to leverage synergies in aerospace and aircraft services, a fast-growing sector that is estimated to generate annual business worth USD 6.3 billion in the country by 2025.

The Memorandum of Understanding (MoU) was signed by Anand Stanley, president and managing director of Airbus India and South Asia, and Ashish Rajvanshi, the head of Adani Defence and Aerospace.

Airbus and Adani Defence will explore opportunities for collaboration in the area of aircraft services for Indian and South Asian market, the Airbus said after signing of the pact at the DefExpo2020 in Lucknow.

Airbus global services forecast envisages the Indian aircraft services market to grow to USD 6.3 billion by 2025.

Airbus is not only the worlds leading civil aviation company, but also a major innovator and provider of aircraft services. This MoU demonstrates our commitment to support the development of India as a world-class services hub for aerospace products, Mr. Stanley said.

With Adanis recent foray into airports, this potential collaboration will leverage the synergies between the product and services excellence of Airbus and infrastructure, engineering and mega-project execution capabilities of Adani, the Airbus said.

India is at the cusp of transformational growth in aircraft services market, Mr. Rajvanshi said. Our collaboration with Airbus is aligned to our vision of nation building and to indigenise critical technologies and services, thus creating a vibrant ecosystem in aerospace capabilities in India.

The Airbus showcased its best-in-class military products and cutting-edge defence technologies at the expo. Models of the highly-versatile C295 aircraft, as well as the H145M and the H225M helicopters, were among its top exhibits.

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Airbus, Adani Defence join hands to explore aerospace and aircraft services sector - The Hindu

WIESBADEN, Germany February 7, 2020 Tailor-made large-scale fabrics production at SGL Carbon, ideally suited for highly efficient realization of rather plane components such as battery enclosures and many more.

At this years JEC World, the largest trade fair for composites held from March 3-5, 2020 in Paris, SGL Carbon will focus on the topic of serial production for the automotive, aerospace and industrial sectors. The key is customized solutions with individual component designs combined with tailored materials and production processes ready for large scale production. Under the motto The Solution Provider, the company will present selective innovative component solutions from all three areas in Hall 6, Booth D25.

Thanks to our integrated value chain, from fibers to finished components, our Lightweight and Application Center, and our increasing portfolio of realized series-ready concepts, we offer our customers smart, tailor-made solutions all from a single source. In the future, we will increasingly apply our comprehensive expertise and highly efficient materials from the automotive industry into the aerospace and industrial sectors too, explains Dr. Andreas Wginger, Head of Technology of the Composites Fibers & Materials business unit at SGL Carbon.

In the field of automotiveapplications, SGL Carbon will present at the JEC World composite battery enclosures as a promising new application driven by increasing demand for electric vehicles and the resulting new flexible chassis platforms. The company demonstrates a prototype of a battery enclosure based on carbon fibers. However, hybrid composites with a mixture of glass and carbon fibers are also possible. In early January, SGL Carbon received a major order from a North American automotive manufacturer for the serial production of top and bottom layers for battery enclosures, with production to begin at the end of 2020.

In addition, SGL Carbon showcases for the first time a new leaf spring generation made of glass fiber composite that is used as a longitudinal leaf spring for the rear axle of the Ford Transit. In comparison to conventional leaf springs, the innovative composite leaf spring weighs up to 50 percent less while offering increased security standards and supporting a one-to-one compatibility with standard springs. The Ford leaf spring complements SGL Carbons large-scale production of transversal leaf springs for a great variety of Volvo models and the Mercedes Sprinter. In total, SGL Carbon has delivered more than 1.5 million leaf springs.

In the aerospacesector, SGL Carbon is also expanding its portfolio of realized projects and expertise relying on the trend to use more efficient materials and processes in this industry too.

In the area of primary structure components, the company will present a demo exhibit for the door frame of a passenger airplane realized in collaboration with external partners and based on 50k carbon fiber from the SGL Carbon, which is suitable for serial production. To further speed up its growth in the sector, the company entered into a development cooperation with Solvay at the end of last year to bring fiber materials for primary structural components based on large-tow carbon fibers to the market for the first time. Today, SGL Carbon already offers a wide range of semi-finished products for non-structural aerospace applications such as interior elements.

Additional submarkets in aerospace emerge for composite applications in small aircrafts, helicopters and air taxis. Here, SGL Carbon offers the full range of services, from engineering to finished components. On display at the JEC World is a carbon fiber-based concept for an innovative rotor arm for urban air mobility applications (air taxis) made with an innovative manufacturing technology. At the beginning of the year, the company started serial production of landing gears made of braided carbon fiber material, which will be used around the world in air taxis of an international manufacturer over the course of the next two years.

As an example for industrial applications, SGL Carbon will showcase at the JEC world a crossbeam made of carbon fiber reinforced plastics (CFRP) used in automated Schuler press lines. Besides weight savings of up to 40 percent compared with conventional materials, the crossbeam made of composites features a high rigidity and strength, as well as a low thermal expansion and especially good damping performance, which in turn minimizes machine vibrations. The use of CFRP not only boosts the production efficiency of the system, it also increases lifetime, due to lower wear and tear expectancy.

On all three exhibition days, visitors to the SGL Carbon booth (Hall 6, Booth D25) can experience live how their ideas can be implemented both sustainably and cost-effectively in composites thanks to simulations. Experts from the companys own Lightweight and Application Center demonstrate the path from the concept to virtual prototypes using simulation software, with the result visible either to the entire audience or just individual visitors. To prepare, interested parties can contact the team now at the following link: https://www.sglcarbon.com/anmeldung-jec.

On March 4, 2020, the SGL Carbon stand will host its traditional get-together for customers and friends starting at 4 p.m. no registration necessary.

Posted February 7, 2020

Source: SGL CARBON SE

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JEC World 2020: SGL Carbon Presents New Solutions For Automotive, Aerospace And Industrial Sector - Textile World Magazine

The "Carbon Fiber in the Aerospace and Defense Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The carbon fiber in aerospace and defense market is expected to reach an estimated $1.56 billion by 2025 with a CAGR of 4.2% from 2020 to 2025.

The future of the carbon fiber in aerospace and defense market looks attractive with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, UAV and Others. The major drivers for the carbon fiber in aerospace and defense market are the increasing demand for advanced high-performance lightweight materials and growing end use industries, growth of aircraft with high carbon fiber penetration such B787, A350WXB, and A380.

Emerging trends, which have a direct impact on the dynamics of the industry, include the Increasing demand of continuous fiber reinforced thermoplastics and growing initiatives for recycling of carbon fiber.

North America is expected to remain the largest region during the forecast period. The growth of carbon fiber in North American aerospace & defense market is driven by increasing carbon fiber content and growth of aircraft deliveries of B787 and B777.

Some of the features of Carbon Fiber in the Aerospace and Defense Market Report: Trends, Forecast and Competitive Analysis include:

This report answers following 11 key questions:

Q.1. How big are the opportunities in the carbon fiber market in aerospace and defense industry by aircraft, by precursor type, by tow size, by modulus, and region?

Q.2. Which product segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks of carbon fiber in the aerospace and defense market?

Q.5. What are the business risks and competitive threats of carbon fiber in the aerospace and defense market?

Q.6. What are the emerging trends of carbon fiber in the aerospace and defense market and the reasons behind them?

Q.7. What are some of the changing demands of customers for carbon fiber in the aerospace and defense market?

Q.8. What are the new developments of carbon fiber in the aerospace and defense market and which companies are leading these developments?

Q.9. Who are the major players of carbon fiber in the aerospace and defense market? What strategic initiatives are being taken by key companies for business growth?

Q.10. What are some of the competing products for carbon fiber in the aerospace and defense market and how big of a threat do they pose for loss of market share by product substitution?

Q.11. What M&A activity has occurred in the last have years and what has its impact been of carbon fiber in the aerospace and defense industry?

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classification

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2014 to 2025

3.1: Macroeconomic Trends and Forecast

3.2: Carbon Fiber in the Aerospace and Defense Market Trends and Forecast

3.3: Carbon Fiber in the Aerospace and Defense Market by Aircraft Type

3.4: Carbon Fiber in the Aerospace and Defense Market by Component

3.5: Carbon Fiber in the Aerospace and Defense Market by Precursor Type

3.6: Carbon Fiber in the Aerospace and Defense Market by TOW Size

3.7: Carbon Fiber in the Aerospace and Defense Market by Modulus

4. Market Trends and Forecast Analysis by Region

4.1: Carbon Fiber in the Aerospace and Defense Market by Region

4.2: North American Carbon Fiber in the Aerospace and Defense Market

4.3: European Carbon Fiber in Aerospace and Defense market

4.4: ROW (Including APAC) Carbon Fiber in the Aerospace and Defense Market

5. Competitor Analysis

5.1: Market Share Analysis

5.2: Operational Integration

5.3: Geographical Reach

5.4: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.2: Emerging Trends of Carbon Fiber in the Aerospace and Defense Market

6.3: Strategic Analysis

7. Company Profiles of Leading Players

7.1: Toray Industries Inc.

7.2: Hexcel Corporation

7.3: Mitsubishi Rayon Corporation Limited

7.4: Cytec Solvay Group

7.5: SGL Carbon Group

7.6: Teijin Limited

For more information about this report visit https://www.researchandmarkets.com/r/4gzer8

View source version on businesswire.com: https://www.businesswire.com/news/home/20200203005444/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com

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Carbon Fiber in the Aerospace and Defense Market Expected to Grow with a CAGR of 4.2% During the Forecast Period, 2020-2025 - ResearchAndMarkets.com -...

TP Aerospace commenced operation at its new MRO facility in Orlando, Florida in late 2019 in a move to add further capacity and better position it to service customers in Central and Latin America as well as the U.S. east coast.

The 60,000 sq. ft hangar is around six miles from Orlando International Airport, was given the greenlight by the city authorities in late 2019. Its primary functions will be in wheel and brake repairs and overhauls, in addition to acting as a location to storeserviceable wheel and brake inventory for trading for aircraft ranging from ATR 42 regional aircraft to Boeing 777 widebodies.

We had a previous location already located in Orlando which was small and outdated, so this new facility is an upgrade from our previous location with more room and modern equipment, says Chris Carter, COO of TP Aerospaces Americas business. Orlando is a strategic location because we can service the entire East Coast as well as the Caribbean and Latin American countries.

The Orlando facility will also serve as Denmark-based TP Aerospaces Americas headquarters. In the U.S., it also operates a repair center in Las Vegas.

Carter says that during the building of the facility, it worked closely along the FAA regulator. Everything from storage racks, to work station layout and final inspection plans were provided in real time as we were going through it, he says. Feedback was taken into consideration along the way, so when it came to final approval there were no surprises.

TP Aerospace operates in 12 locations across the world, 10 of which are MRO workshops. It has embarked on a growth plan, which most recently saw approval for a new facility in Moscow, Russia last month.

The expansion follows the addition of its first UK MRO center close to East Midlands Airport near Derby in April 2019. The facility has volume for 10,000 units of repair and overhaul on aircraft wheels and brakes.

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TP Aerospace Expands In Orlando - Aviation Week

Ball Aerospace To Hire 1,000 Workers As Business Continues To Rocket | Aviation Week Network

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Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.

Aerospace and defense leaders in industry and government, including those in Congress, the Pentagon, and their global counterparts, rely on Aerospace Daily & Defense Report for the latest, critical intelligence on programs, budgets and policies in defense, as well as military and civil space.

Credit: NASA

Ball Aerospace expects to hire around 1,000 new employees in 2020, following similar annual increases in recent years, executives said Feb. 6.

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Ball Aerospace To Hire 1000 Workers As Business Continues To Rocket - Aviation Week

Zoro announced that it has increased its revenue by more than 75% during 2019, delivering more than 360,000 items during last year.

The company offers a one-stop-shop for over 300,000 products in industrial consumables and equipment with free next day delivery throughout the UK mainland on many of its lines.

From launching its trade accounts in summer 2018 to the engineering industry, Zoro has rapidly increased its business customer base.

Marcus Nelson, managing director of Zoro UK, said: If you are an engineer or are working in an industrial SME and need that critical tool the next day, then Zoro will deliver it to you. And its not just tools we have over 300,000 products, from stationery to beverages which the small engineering company needs.

We are really excited to be able to offer such a wide product range to the aerospace supply chain. So, try us out you wont find anyone more competitive on pricing, delivery or expert knowledge.

Almost 50% of Zoros customers are now businesses, rather than sole traders, and the company is using digital innovation to save companies time and money.

During 2019, Zoro launched an automatic replenishment service for the engineering industry. This feature reduces the amount of time spent manually reordering products, minimising human error, which ensures smooth production.

When purchasing through Zoros order subscription service, customers can decide how frequently they would like to receive products by selecting a monthly, weekly or bi-weekly option. Customers can also set a start and end date for their subscription, or schedule a single order on a specific date of their choice.

http://www.zoro.co.uk

Michael Tyrrell

Digital Coordinator

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Key supplier to aerospace industry has 75% revenue increase - Aerospace Manufacturing

Raytheon Company (RTN) is near the top in its industry group according to InvestorsObserver. RTN gets an overall rating of 75. That means it scores higher than 75 percent of stocks. Raytheon Company gets a 86 rank in the Aerospace & Defense industry. Aerospace & Defense is number 43 out of 148 industries.

Click Here to get the full Stock Score Report on Raytheon Company (RTN) Stock.

Analyzing stocks can be hard. There are tons of numbers and ratios, and it can be hard to remember what they all mean and what counts as good for a given value. InvestorsObserver ranks stocks on eight different metrics. We percentile rank most of our scores to make it easy for investors to understand. A score of 75 means the stock is more attractive than 75 percent of stocks.

These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

Raytheon Company (RTN) stock has gained 0.78% while the S&P 500 is down -0.54% as of 2:43 PM on Friday, Feb 7. RTN is higher by $1.78 from the previous closing price of $228.53 on volume of 1,576,416 shares. Over the past year the S&P 500 is higher by 22.97% while RTN is higher by 30.80%. RTN earned $11.93 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.31.

To see the top 5 stocks in Aerospace & Defense click here.

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Industry Analysis: Should You Buy Raytheon Company (RTN) in Aerospace & Defense? - InvestorsObserver

Coronavirus Impacts Aerospace Manufacturing In China | Aviation Week Network

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Credit: Airbus

FRANKFURTThe coronavirus outbreak is beginning to affect aerospace manufacturing with several Western manufacturers temporarily closing down facilities in China.

Most importantly, Airbus decided to extend the Chinese New Year holidays for workers in its Tianjin plant and therefore has stopped final assembly of A320 family aircraft at the site. Tianjin is currently producing six aircraft per month, 10% of Airbus global monthly single-aisle production rate of 60.

Airbus China is observing Chinese government requirements for staff to work from home and is facilitating with IT equipment so employees from all locations, including Tianjin, do not need to travel to work where possible, the company said in a statement. With regards to the business impact, China domestic and worldwide travel restrictions are posing some logistical challenges. The Tianjin Final Assembly Line facility is currently closed. Airbus is constantly evaluating the situation and monitoring any potential knock on effects to production and deliveries and will try to mitigate via alternative plans where necessary.

The disruption could not come at a worse time for Airbus as it is still far from having recovered from production delays incurred at its main single-aisle site in Hamburg, Germany. Wizz Air CEO Jzsef Vradi told Aviation Daily that its A321neos are routinely arriving six months behind schedule as a result, severely impacting the airlines network planning. Airbus CEO Guillaume Faury said in late 2019 that it will take Airbus into 2021 to get back onto a reliable schedule.

Airbus plans to increase output at its Mobile, Alabama assembly line to seven per month in 2021 and global production to 63 at the same time.

Safran Group is also affected. The company has extended vacations for its 2,500 workers in China until the beginning of next week, for now. Boeing has a 737-completion center in Zhoushan, but that is already impacted by the MAX production halt.

Based in Frankfurt, Germany, Jens leads Aviation Weeks global commercial coverage. He covers program updates and developments at Airbus, and as a frequent long-haul traveler, he often writes in-depth airline profiles worldwide.

As a subscriber to one of Aviation Week Networks market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data including the most comprehensive details on organizations, fleets, personnel and programs click here or call +1.561.279.4661.

As a subscriber to one of Aviation Week Networks market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data including the most comprehensive details on organizations, fleets, personnel and programs click here or call +1.561.279.4661.

As a subscriber to one of Aviation Week Networks market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data including the most comprehensive details on organizations, fleets, personnel and programs click here or call +1.561.279.4661.

As a subscriber to one of Aviation Week Networks market briefings, your searches only provide you with access to articles from within that product.

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Coronavirus Impacts Aerospace Manufacturing In China - Aviation Week