Market News
Recent Developments:
New product launches:
- In November 2022, Collins Aerospace is a globally recognized leader in the aerospace industry, known for its extensive range of aviation and aerospace solutions unveiled a new cloud-based system designed to enhance airline operations and promote sustainability
- In March 2023, Thommen Aircraft Equipment is a Swiss-based company recognized for its expertise in providing aviation instruments and equipment introduced display upgrade service for older aircraft models
- In February 2021, Mid-Continent Instruments and Avionics released the Flex MD23, a new customizable function display that allows users to design their own instrument with a wide array of possible applications
Acquisition and partnerships:
- In April 2021,Thommen Aircraft Equipment Ltd entered into an exclusive partnership with PREO Aerospace to provide sales and marketing services for THOMMEN's products in the U.S. and Canada
- In January 2020, AAR Corp is a prominent global aviation services company known for its comprehensive range of solutions in the aerospace and defense sector announced entering into a long-term contract with AeroControlex is a recognized provider of precision-engineered components and systems for the aerospace and defense industries. Under the terms of the agreement, AAR will have the exclusive rights to stock and distribute auxiliary power unit (APU) lubrication pumps and their associated components on a global scale.