Reuters reports that General Dynamics reported an 18% rise in second-quarter revenue on Wednesday, helped by higher demand for its ammunitions and nuclear-powered submarines and “a 50% increase in business jet deliveries in the quarter.”
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Tag: Revenue
Airline Industry Revenue to Reach $1 Trillion in 2025 Per Avolon Report
Aerotime reports, “Dublin-based aircraft leasing company Avolon has published a new market outlook report, predicting that the global airline industry will reach US$1 trillion in revenue for the first time ever during 2025. According to this analysis, the main driver behind this growth is the Asia-Pacific region, which will be adding more capacity than all other regions of the world combined.”
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Space Industry Expected to Reach $1T In Revenue by 2040
CNBC reported that the space industry “should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month.” Citi said, “Revenue from manufacturing, launch services and ground equipment will make up the majority of the revenue growth in the satellite sector. However, the fastest growth rate is expected to come from new space applications and industries, with revenue forecast to rise from zero to $101 billion over the period.”
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Brazil’s Embraer Sees Deliveries, Revenue Growing in 2024
Reuters reports that Brazilian planemaker Embraer expects both its aircraft deliveries and revenues to grow in 2024, the company said on Monday. According to the report, “The world’s third-largest planemaker behind Boeing and Airbus estimated it will deliver between 125 and 135 executive jets this year, compared with 115 in 2023.”
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