Aerospace giant Senior shrugs off Boeing strikes as production ‘ramps up'
Manufacturing giant Senior said sales have picked up for its aerospace division thanks to higher prices, demand for flights, and production improving following Boeing's strike action in the US.
The UK firm, which is based in Rickmansworth, Hertfordshire, said last year that it was cutting its global workforce to help reduce costs.
Revenues for its aerospace division jumped by a 10th in 2024, compared with the previous year, which it said reflected greater production of aircraft despite being hampered by issues during the year.
Senior makes high-technology parts for civil and military aircraft, and also components for vehicles.
The company was hit by industrial action among staff working for Boeing's factories in the US, which halted production for three months, as well as restricted production of 737 MAX planes after a door plug blew out of an Alaska Airlines flight in early 2024.
But it said Boeing has begun to 'ramp up' production since restarting operations in December.
It also pointed to some signs of improvement in the production of Airbus since supply chain issues led to delayed deliveries of the commercial planes.
Senior said securing higher prices for contracts and the increasing rate of aircraft building will continue to drive growth over the year ahead.
Group chief executive David Squires said: 'Our aerospace revenue and profits have grown, notwithstanding the well-documented situation at Boeing, which affected production volumes.
'We responded dynamically, supporting our customers and controlling our costs, to limit the impact on aerospace profitability in 2024.'
Senior previously said it was making permanent job cuts and furloughing staff on a temporary basis in response to difficult trading in its aerospace arm, although it did not disclose how many workers would be affected.
The company, which also sells military aircraft within its defence division, reported a pre-tax profit of £27.8 million for 2024, up 27% from 2023 at constant currency.
Total revenues edged up 1% to £977.1 million for the year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Magazine
an hour ago
- Time Magazine
Boeing's 787 Dreamliner Has a Long History of Safety Concerns
The odds were in your favor if you were one of the 242 people who boarded Air India flight 171 in Ahmedabad, India, bound for London on June 12. The plane you were flying was a Boeing 787 Dreamliner which has been in service since 2011 without a fatal crash. More than 1,100 Dreamliners are in use worldwide, carrying more than 875 million passengers over the last decade, according to Boeing. Your particular 787, delivered to Air India in 2014, had amassed 41,000 hours of flying time and just under 8,000 takeoffs and landings, according to Cirium, an aviation industry analytics firm. But none of that would have helped you. Just after takeoff, when the plane was barely 625 ft. in the air, it lost altitude and plunged into a residential area, killing all but one of the passengers and crew on board. The cause of the crash is as yet unknown. 'Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad,' said Boeing president and CEO Kelly Ortberg in a statement. 'I have spoken with Air India Chairman N. Chandrasekaran to offer our full support, and a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau.' That investigation is likely to go deeper than just Flight 171, ranging back over the 14 years the 787s have been flying—years that, it turns out, have seen numerous complaints, concerns, and whistleblower reports over the safety of the widebody jet. All of them are getting a second look today. The problems began in early 2013, when fires broke out aboard two Dreamliners owned by Japanese airlines. One plane had just landed at Boston's Logan Airport, the other was just leaving Japan and had to turn around and land. Both blazes were traced to overheating of the planes' lithium-ion batteries that power the electrical system. The Federal Aviation Administration (FAA) quickly stepped in, grounding the worldwide fleet of Dreamliners and temporarily halting the delivery of new ones to airlines that had placed orders for them. In April of 2013, the FAA accepted Boeing's fixes, which involved better insulation for the batteries and a stainless steel box that would house the batteries and prevent smoke or flames from escaping into the plane if a fire did start. The Dreamliners were cleared to fly and the company was cleared to resume deliveries within weeks of the FAA's decision. The next incident occurred in 2019 when, as The New York Times reported in an exposé at the time, John Barnett, a former quality manager who retired in 2017, revealed that he had filed a whistleblower complaint, alleging sloppy work around the wires that connect the planes' flight control systems, with metal shavings being left behind when bolts were fastened. The risk existed that the shavings would penetrate the wires' insulation, leading to consequences that Barnett called 'catastrophic.' Barnett also alleged that damaged or substandard parts were being installed in 787s, including a dented hydraulic tube that a senior manager retrieved from a bin of what was supposed to contain scrap. The FAA inspected several 787s that were said to be free of the shavings Barnett reported and found that they were indeed there, reported the Times. The FAA then ordered that Boeing correct the problems before the planes were delivered to customers. In retirement, Barnett sued Boeing, alleging that the company had denigrated his character and blocked his career advancement during his employment—charges Boeing denies. In March of 2024, he was in North Charleston, S.C., the site of the plant where he was employed, working on his case, when he was found dead in his truck from a self-inflicted gunshot wound. 'Boeing may not have pulled the trigger,' Barnett's family said in a wrongful death lawsuit it filed, 'but Boeing's conduct was the clear cause.' The company sidestepped the charge: 'We are saddened by John Barnett's death and send our condolences to his family,' Boeing said in a statement. Last year turned out to be a bad one for Boeing and the Dreamliner for reasons other than Barnett's death. In January another whistleblower, engineer Sam Salehpour, came forward, reporting that sections of the fuselage of the Dreamliner were improperly connected, with gaps that could cause the plane to break apart during flight. When the sections wouldn't fit, Salehpour claimed, workers would resort to brute force. 'I literally saw people jumping on the pieces of the airplane to get them to align,' Salehpour said in Capitol Hill testimony. 'By jumping up and down, you're deforming parts so that the holes align temporarily. I called it the Tarzan effect.' In a statement on its website, Boeing defended the integrity of the Dreamliner: 'For the in-service fleet, based on comprehensive analysis no safety issues have been identified related to composite gap management and our engineers are completing exhaustive analysis to determine any long-term inspection and maintenance required, with oversight from the FAA.' Nonetheless, in May, the FAA acted again, announcing that Boeing had been ordered to reinspect 'all 787 airplanes still within the production system and must also create a plan to address the in-service fleet.' That was not the first time the government had taken action on the problem of unacceptable gaps in the Dreamliner's fuselage. From May 2021 to August 2022, the FAA halted the delivery of new Dreamliners to airline customers while the problem was addressed. Deliveries did resume but, as Salehpour testified, so did the shoddy work on the factory floor. In March 2024, meantime, a LATAM Airlines flight from Sydney to Auckland suddenly plunged 400 ft. when the pilot's seat in the 787 lurched forward unexpectedly. The captain recovered but 10 passengers and three members of the cabin crew were injured. For now, the 1,100 Dreamliners criss-crossing the skies are still flying. That could change pending the results of the Air India investigation. Even a temporary loss of the plane—which is a workhorse for long-haul flights—could be a hardship for both the airlines and the flying public. But as the grieving families of the passengers aboard the Air India flight could attest, loss of life is much worse.
Yahoo
an hour ago
- Yahoo
Boeing CEO Cancels Trip to Paris Airshow in Wake of Air India Incident, GE Aerospace Postpones Investor Day
Boeing (BA) Chief Executive Kelly Ortberg is cancelling his trip to the Paris Airshow next week afte Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Philip Morris International Tech Ecosystem Company Profile 2025: Digital Transformation Strategies and Innovation Programs
Philip Morris International Inc., a leading tobacco company, is committed to becoming a 100% smoke-free entity. By March 2025, 42% of revenue was from smoke-free products like IQOS and ZYN. The firm is advancing digital transformation and tech initiatives to enhance health-focused and prescription products. Dublin, June 13, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Philip Morris International Inc. - 2025" company profile has been added to offering. The report provides insights into the Philip Morris International's tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. Philip Morris International Inc. (Philip Morris) is a US-based multinational tobacco company. It produces cigarettes and a variety of smoke-free products, including e-vapor, heated tobacco, and oral smokeless products. Philip Morris aims to become a 100% smoke-free products company in the near future. As of March 31, 2025, smoke-free products accounted for 42% of Philip Morris' overall revenue. The company is also focusing on developing and commercializing oral and inhaled consumer health & wellness products, as well as inhaled prescription products for cardiovascular emergencies and pain management. IQOS and ZYN are the leading smoke-free brands of the company, while Marlboro, Parliament, Chesterfield, L&M and Philip Morris are the leading cigarette report provides information and insights into Philip Morris' tech activities, including: Insights of its digital transformation strategies and innovation programs. Overview of technology initiatives covering partnerships and product launches. Insights on each technology initiative including technology theme, objective, and benefits. Details of estimated ICT budgets. Reasons to Buy Gain insights into Philip Morris' tech operations. Gain insights into its tech strategies and innovation initiatives. Gain insights into its technology themes under focus. Gain insights into various product launches and partnerships. Key Topics Covered: Overview Digital Transformation Strategy Accelerators, Incubators, and other Innovation Programs Technology Focus Technology Initiatives Venture Arm: PM Equity Partner Partnerships Network Map ICT Budget and Contracts Key Executives For more information about this company profile visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
