PARKER AEROSPACE joined HyFIVE consortium of industry and academic partners to develop liquid hydrogen fuel system and supply chain supporting zero-emission aviation in the 2030s; committed program funding totals US$46.5m.
BOEING opened new research and technology center in Nagoya, Japan to develop sustainable technologies to support decarbonization of aviation by focusing on digital simulation toolsets, composites, SAF and hydrogen propulsion.
BOEING had $355m net loss on $16.6b revenues in 1Q24 vs $425m loss on $17.9b in 1Q23, reflecting lower 737 deliveries and 737-9 grounding customer considerations (BCA had -24.6% operating margin). It has $528.7b backlog.
