What Happened
Presidential Aircraft Upgrade Deal Includes Long Lead Spare Parts
Boeing has secured a $125 million US Air Force contract modification for initial long lead spare parts for two fully mission-capable VC-25B presidential aircraft. Meanwhile, Howmet Aerospace reported a 19% year-over-year revenue growth in Q1, with an adjusted EBITDA margin expansion of 320 basis points. These developments were reported by Aviation Week, highlighting ongoing activity in the aerospace and defense sectors.