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Electra announces new CFO
Electra.aero, a Manassas-based aviation startup, announced Tuesday that Max Ochoa has joined the company as chief financial officer.
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. Prysm’s co-founder and managing […]
Yagen makes $100M donation to Military Aviation Museum
Gerald “Jerry” Yagen, founder of the Aviation Institute of Maintenance and Centura College, has made a $100 million gift to Virginia Beach’s Military Aviation Museum, including his private collection of 70 vintage military aircraft, the museum announced last week. In the 1990s, Yagen began collecting aircraft from the first 50 years of aviation history, from […]
Electra.aero names new CEO
Electra.aero has named B. Marc Allen its new CEO, succeeding founder John S. Langford, who will remain chairman, the Manassas-based aviation startup announced Thursday. Allen spent the bulk of his career, nearly two decades, at Boeing, which is headquartered in Arlington County. Since 2020, he served as chief strategy officer and senior vice president for […]
Boeing to purchase Spirit AeroSystems in $4.7B+ deal
Beleaguered aerospace and defense giant Boeing announced Monday it has entered an agreement to reacquire Boeing spinoff company Spirit Aerosystems in a $4.7 billion, all-stock transaction. The Fortune 500 company headquartered in Arlington County will also assume Spirit’s net debt, so the deal’s total value is approximately $8.3 billion, Boeing said in its announcement. Spirit [&hellip[...]
Henry County airport expansion underway
Blue Ridge Regional Airport in Henry County has completed a larger apron for airplane parking and will soon extend its 5,002-foot runway to 6,000 feet — long enough to accommodate executive jets. A new terminal is also planned as part of a package of about $30 million in upgrades for the airport, according to Jason […]
Boeing CEO Calhoun to step down by year-end
Amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air, Boeing announced Monday that its president and CEO, Dave Calhoun, would step down from his position leading the embattled Arlington County-based Fortune 500 […]
Intelsat strikes $250M deal with Eutelsat Group
McLean-based satellite services provider Intelsat has committed to secure low-Earth orbit service for six years for $250 million from Paris-based Eutelsat Group’s OneWeb low-Earth orbit (LEO) constellation service, with an option for another $250 million, Intelsat announced Tuesday. “We’ve been partnering with Eutelsat for quite some time now, leveraging its OneWeb LEO constellation [...]
FAA probes Boeing’s possible role in 737 Max 9 cabin blowout
Nearly a week after a four-foot wall panel blew out of a Boeing plane cabin midair, exposing Alaska Airlines passengers to open air at 16,000 feet, the Federal Aviation Administration formally notified the Arlington County-based aerospace giant Wednesday that it will investigate the company’s potential role in the incident and whether it failed to ensure […]
Blackstone vertiport receives landmark approval
Move over, North Carolina. The Tar Heel State may have been first in flight, but Virginia landed a first for the advanced air mobility industry in September 2023 when the U.S. Federal Aviation Administration granted conditional approval for the nation’s first public-use vertiport, a landing and launch site for electric vertical takeoff and landing aircraft […]
Va. joins collaborative to launch air taxi industry
Virginia has joined seven other states in forming a collaborative to support the growth of the advanced air mobility industry. The Advanced Air Mobility Multistate Collaborative represents all aviation modes, including small uncrewed aircraft systems (sUAS) and electric vertical takeoff and landing vehicles (eVTOL), which are both often referred to as air taxis, as well […]
Federal Contractors | Technology 2023: C. JEFFREY KNITTEL
As head of Airbus’ Americas arm, Knittel runs the European aerospace giant’s commercial aircraft business for North and South America, as well as its helicopter and defense units. He also chairs Acubed, Airbus’ Silicon Valley-based innovation arm, and serves on the board of Airbus Ventures, the company’s VC firm for early-stage technologies. Before coming aboard […]
