Magellan Aerospace Corporation's stock is currently undervalued despite uncertainties in commercial airplane program production ramp-ups, making it a buy with a price target of $11.68. Sales grew by 4.9% to 223.5 million CAD, with significant profit growth and margin expansion, indicating potential for further improvement as production rates stabilize. Risks include unstable production rates an...
Taiwan's China Airlines said on Thursday it had ordered 10 Boeing 777-9 aircraft and 10 Airbus A350-1000s for its long-haul fleet renewal, as well as four 777-8 freighter aircraft for $11.9 billion.
European aerospace group Airbus is testing in Spain removable kit that can transform an A400M military transport aircraft into a plane to combat wildfires, as the world faces more virulent fires due to climate change.
Vaeridion, a German aviation firm developing an electric microliner as the aviation industry makes a push to cut emissions, said it had raised 14 million euros ($14.70 million).
Albany International Corp. (AIN) is poised for significant growth, with a target share price of $125.54, offering a 52.9% upside due to its monopoly in fan cases and blades for the CFM LEAP engine. The aerospace industry is set for a rebound, with Fitch Ratings projecting a 30% growth in commercial aircraft deliveries by 2025, benefiting Albany's exclusive contracts with Airbus and Boeing. Alba...
French satellite company Eutelsat has chosen aerospace giant Airbus to build 100 small satellites for its OneWeb low Earth orbit (LEO) constellation extension, with deliveries to begin around the end of 2026.
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