UNC has completed the acquisition of the Stearns Company, a components supplier to Boeing in Seattle Washington. Stearns will be integrated into UNC's existing aero-structures unit which is also located in Seattle. Both companies have long-term manufacturing contracts with Boeing for the 777 and for the latest-generation 737. UNC expects its manufacturing division to account for $140 million of total group sales of $950 million in 1996.
Source: Flight International
German air taxi developer Volocopter has its sights set on further operational milestones as it regroups following the Paris Olympics, where it had intended to launch commercial operations of its fourth-generation multi-rotor vehicle, VoloCity, but had to be satisfied with conducting a series of demonstration flights under a permit-to-fly.
Boeing logged 72 aircraft orders in the month of July, a total boosted by high-profile deals at Farnborough air show.
Silicon Valley-based electric vertical take-off and landing aircraft developer Archer Aviation has secured additional financing from its backer Stellantis.
