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Aerospace: Suppliers Are Reacting To The New LEAP Production Targets

General Electric (GE) held a conference call with its major suppliers to review all details behind the newly implemented LEAP production schedule and to ensure supply chain alertness. Last week, the company effectively raised the CY22 production outlook to 360-370 engines to account for stronger single-aisle aircraft build rates. This was the third major scheduling adjustment announced by the aircraft OEMs and jet engine suppliers, which suggests an upward bias to CY22-23 expectations for the coverage group. Continue reading

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6:53 AM

Aerospace: Submitting Our Industry Flight Plan For 2021

Ahead of the quarterly updates set to be released by several aerospace-levered companies over the next few weeks, and the swearing-in of President Joe Biden, we are submitting our Aerospace Flight Plan For 2021, broadly defined as an industry preview and data point refresher. The intention of this report is to provide a simple listing of industry headlines expected to materialize over the next twelve months that could sway investor sentiment or become a catalyst for estimate revisions on individual companies. We sat down over the weekend and updated our industry models to fully reflect our increasing conservative macro-outlook and to match some of the new data points provided by channel contacts. Continue reading

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1:04 PM

Aerospace: Airbus Is Not Budging On The A320

The Airbus management team appears to be sharing their production strategy and updated aircraft build schedules with suppliers this week, which includes an intention of holding the A320 rate steady at 40/month (well into 2021). Granted, there is lingering contact apprehension about the global airline operator willingness to accept these new jets (during the slow season), but today those comments were drowned out by the collective sound of channel relief. As we reported last week, […]

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3:35 PM
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