Web of Suppliers
The Airbus announcement will give makers of parts ranging from engines to seats and avionics time to invest and be ready when demand returns.
Airbusâs comments are aimed partly at stress-testing its vast web of suppliers to ensure they can meet higher targets, while signaling to customers that it can comply with delivery requirements and wonât be open to order deferrals or cancellations, said Agency Partners analyst Sash Tusa.
Airbus and Boeing count on thousands of manufacturers who contribute to making commercial jetliners that can cost $100 million or more.
âThe message to our supplier community provides visibility to the entire industrial ecosystem to secure the necessary capabilities and be ready when market conditions call for it,â Airbus Chief Executive Officer Guillaume Faury said in the statement.
The U.S. has grown concerned over 'signs of nascent security cooperation' between the Abu Dhabi and Beijing, the Wall Street Journal reported, and officials want to renegotiate the deal inked at the end of Trump's presidency
Raytheon Technologies Corp. is retrofitting Collins Aerospace-made oxygen-filling trucks for deployment to India, where COVID-19 cases are surging and medical oxygen is in dangerously short supply.
The aerospace and defense technology manufacturer said the trucks which are normally used to fill military aircraft and can transport approximately 270,000 liters of oxygen are expected to be delivered to the Indian Red Cross Society in New Delhi today. The vehicles will be used to feed hospital oxygen supply lines and to fill portable oxygen cylinders, company officials said.