Aviation

Boeing’s New Engineering Hub in Daytona Beach: 200 High-Paying Jobs on Offer

Boeing is set to establish a new engineering facility at Embry-Riddle Aeronautical University’s Cici & Hyatt Brown Center for Aerospace Technology in Daytona Beach, Florida.

Plans to hire 200 engineers initially

The facility will initially focus on engineering work for military aircraft programs and advanced technology capabilities. Boeing plans to hire approximately 200 high-paying engineering professionals this year, with expectations to nearly double that number in the coming years.

The work will span Boeing’s defense and government services portfolios, emphasizing engineering design, research, development, and prototyping.

Mori Hosseini, chairman of Embry-Riddle’s Board of Trustees, described the development as a significant milestone for Daytona Beach, Florida, and the broader aviation community. The facility’s construction, including a 65,000-square-foot space with a 40,000-square-foot hangar, commenced in 2022 and is on track for completion in fall.

Boeing anticipates operations to commence by late fall, contributing to the local economy and fostering collaboration with students in aerospace, cybersecurity, commercial space, and other STEM fields at Embry-Riddle’s Research Park.

Boeing investing $100,000 in Volusia County

Boeing is also demonstrating its commitment to the community with a $100,000 investment in Volusia County nonprofit organizations. This funding supports initiatives like the Second Harvest Food Bank of Volusia County Schools Partnership Program, aimed at ensuring students have access to nutritious food.

Additional support will benefit local veterans and environmental programs, underscoring Boeing’s broader impact beyond its operational footprint.

Aerospace

Airbus Seeks Stability with Spirit AeroSystems Acquisition Deal

Airbus and Boeing wants to buy Spirit Aerosystem

Amsterdam, 1 July 2024– Airbus SE (stock exchange symbol: AIR) has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus,

Notably the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; as well as of the A220 pylons in Wichita, Kansas, U.S.

With this agreement, Airbus aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems is responsible for today.

The transaction would cover the acquisition of these activities. Airbus will be compensated by payment of $559 million from Spirit AeroSystems, for a nominal consideration of $1.00, subject to adjustments including based on the final transaction perimeter.

Entering into definitive agreements remains subject to an ensuing due diligence process. Whilst there is no guarantee that a transaction will be concluded, all parties are willing and interested to work in good faith to progress and complete this process as timely as possible.