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Associated Press
3 days ago
- Business
- Associated Press
Chromalloy Announces Appointment of Paul Browning to Board of Directors
PALM BEACH GARDENS, FLORIDA / ACCESS Newswire / June 3, 2025 / Chromalloy is a global leader for turbine engine aftermarket solutions, that include providing engineering, part manufacturing, component repairs, and full powerplant restoration to serve the aviation, defense, and energy markets. Chromalloy has announced the appointment of Paul Browning to its Board of Directors. Paul has spent 35 years as an executive leader and entrepreneur, with a focus on driving innovation and growth for multi-national businesses in the power generation market. 'We are pleased to welcome Paul Browning to the Chromalloy Board,' said Chris Celtruda, Chief Executive Officer for Chromalloy. 'Paul has deep knowledge and long-term relationships in the global power generation market and a mindset for driving strategic growth. His leadership and experience will be instrumental as we continue to expand the Chromalloy solution set for the rapidly growing distributed power market.' On joining the Chromalloy board, Browning commented, 'I worked with Chromalloy extensively during my career and have always respected their legacy of disruptive technology development for turbine engine overhaul. I'm proud to join the Board at this pivotal time in the company's history and am committed to helping position Chromalloy as both a high-value alternative and a trusted partner within OEM-aligned solutions for land-based turbines.' Paul has served in senior leadership and CEO roles at numerous multinational corporations, including Caterpillar Solar Turbines, GE Power, Irving Oil, and Mitsubishi Power. More recently he has been engaged in advisory roles for traditional power and transitional energy businesses. Mr. Browning is a lifelong learner, with a strong commitment to technological development, innovation, and maintaining industry relationships that are critical to establishing a growth roadmap. He holds a B.S. in Metallurgical Engineering and Materials Science from Carnegie Mellon University and an M.S. in Materials Engineering from Rensselaer Polytechnic Institute. In May of 2025, Paul completed a 27-year journey, interrupted by a growing family and an executive career, that culminated in the completion of a Ph.D. in Materials Engineering from Rensselaer Polytechnic Institute. About Chromalloy Chromalloy is a leading provider of engineering, manufacturing, and service for the aerospace, military, aero-derivative, and energy/industrial gas turbine aftermarket. For over 70 years, Chromalloy has been a trusted partner of airlines, aero-engine asset owners, and engine repair facilities. Chromalloy is a leader in FAA-certified, third-party PMA and DER solutions to enable customer value during engine restoration and maintenance. The combination of alternative PMA new parts, DER part repairs, and inventory of used serviceable material (USM) enables each engine overhaul to achieve expected performance and achieve best value. Operating from over 20 locations worldwide, Chromalloy remains committed to having the right global team, available inventory, and a bias for addressing service needs for legacy and midlife engines. Our investments in design engineering, testing, and component manufacturing ensure that all regulatory and performance criteria are met or exceeded. As of May 2025, Chromalloy has developed and received FAA approval on over 50 gas path PMA parts, which have safely flown in excess of 6 BILLION flight hours with ZERO airworthiness directives. Chromalloy's PMA parts are certified by the FAA to be equivalent to the original equipment manufacturer (OEM) part and meet all requirements. For additional information, please visit Contact Information Chromalloy Marketing [email protected] 561.935.3571 SOURCE: Chromalloy press release
Yahoo
01-05-2025
- Business
- Yahoo
Archer vs. Joby: Which eVTOL Stock is Ready for Takeoff in 2025?
As urban congestion worsens each day and the push for sustainable transport intensifies, the concept of flying taxis is moving from sci-fi fantasy to near-term reality. With electric vertical takeoff and landing (eVTOL) aircraft at the forefront of this shift, companies like Archer Aviation ACHR and Joby Aviation JOBY stand to gain from the commercialization of urban air mobility. Archer is gaining momentum with its sleek Midnight eVTOL aircraft and collaborations with United Airlines and the U.S. Air Force, focusing on high-volume manufacturing and scalable networks. Joby, meanwhile, is banking on its head start in flight testing and vertically integrated approach, including its FAA-certified production facility. As the industry edges closer to liftoff, investors might be asking: Which eVTOL pioneer is better positioned to soar in 2025 and beyond? Let's delve deeper. ACHR ended 2024 with more than $1 billion in liquidity. Long-term debt totaled $75 million while current debt was nil. This should provide the company with the necessary resources to execute its civil and defense business strategies and invest in new innovative technologies. Archer Aviation's growth is underpinned by strong government and commercial collaborations. The company ended 2024 with an exclusive partnership with Anduril Industries to jointly develop a hybrid VTOL aircraft for critical defense applications and a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi. This year, ACHR signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer's Midnight jet under the 'Launch Edition' program. Looking ahead, the company aims to launch its Midnight eVTOL aircraft commercially by late 2025, targeting urban air mobility demand. Its partnership with United Airlines for planned air taxi services in major U.S. cities should further strengthen its capability in the eVTOL market. The completion of ACHR's 400,000-square-foot aircraft manufacturing facility in late 2024 should also help it meet the rising demand for eVTOL jets in the coming years. Joby Aviation also maintains a strong cash position, with almost $1 billion on hand as of Dec. 31, 2024. As of the same date, both its long and short-term debts were nil. This should provide JOBY with the financial flexibility it needs for designing and manufacturing aircraft, as well as developing production lines for jet components. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. In March 2025, JOBY announced a partnership with Virgin Atlantic for the launch of its revolutionary air taxi service in the UK. Moreover, it became the first eVTOL company to receive a Part 135 Air Carrier Certificate from the FAA, allowing it to start operations with conventional aircraft while preparing its eVTOL. Looking ahead, JOBY aims to deliver its eVTOL aircraft to Dubai by mid-2025 and start commercial passenger operations by late 2025 or early 2026. Moreover, JOBY's high-rate production facility is planned for Dayton, OH, where the company purchased a 40,300-square-foot facility in 2024 and identified a separate 140-acre site, which comes with enough land to build over 2 million square feet of manufacturing space. This should help JOBY deliver more aircraft in the coming years. Both Archer Aviation and Joby are navigating a capital-intensive runway. However, whether the business model for both these stocks will be sustainable in the long run remains uncertain. This is because of the nascent stage of the eVTOL aircraft market itself. So, ACHR and JOBY's success depends not only on their ability to design, develop and certify eVTOL aircraft but also on how the demand for these vehicles evolves. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY and ACHR's growth potential may be constrained. Moreover, since both these stocks are in their pre-revenue stage (although JOBY has generated an insignificant amount of revenues in recent times), investors might remain concerned about their long-term growth viability. The Zacks Consensus Estimate for Archer Aviation's 2025 and 2026 loss per share implies a year-over-year improvement. However, the stock's bottom-line estimates been trending downward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Joby Aviation's 2025 and 2026 loss per share suggests year-over-year growth. The stock's near-term bottom-line estimates, however, have been trending southward over the past 60 days. Image Source: Zacks Investment Research ACHR (down 7.9%) has outperformed JOBY (down 21.6%) over the past three months and has done the same in the past year. Shares of ACHR and JOBY have surged 119.8% and 27.7%, respectively. Image Source: Zacks Investment Research The image below, reflecting a negative Return on Equity (ROE) for ACHR and JOBY, suggests that neither of these eVTOL stocks is efficiently generating profits from its equity base. Image Source: Zacks Investment Research While both Archer and Joby are well-positioned to capitalize on the emerging eVTOL market, both companies remain speculative, with their pre-revenue-stage ventures exposed to significant execution, regulatory and adoption risks. That said, investors looking to enter the urban air mobility space should take a cautious approach while considering stocks like ACHR and JOBY and be prepared for high volatility and uncertain timelines. Considering the aforementioned comparative analysis of both these stocks, Archer Aviation may offer relatively better near-term upside, considering its outperformance over JOBY at the bourses. However, neither of them is without substantial risk. ACHR carries a Zacks Rank #3 (Hold) while JOBY holds a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
01-05-2025
- Business
- Yahoo
Archer vs. Joby: Which eVTOL Stock is Ready for Takeoff in 2025?
As urban congestion worsens each day and the push for sustainable transport intensifies, the concept of flying taxis is moving from sci-fi fantasy to near-term reality. With electric vertical takeoff and landing (eVTOL) aircraft at the forefront of this shift, companies like Archer Aviation ACHR and Joby Aviation JOBY stand to gain from the commercialization of urban air mobility. Archer is gaining momentum with its sleek Midnight eVTOL aircraft and collaborations with United Airlines and the U.S. Air Force, focusing on high-volume manufacturing and scalable networks. Joby, meanwhile, is banking on its head start in flight testing and vertically integrated approach, including its FAA-certified production facility. As the industry edges closer to liftoff, investors might be asking: Which eVTOL pioneer is better positioned to soar in 2025 and beyond? Let's delve deeper. ACHR ended 2024 with more than $1 billion in liquidity. Long-term debt totaled $75 million while current debt was nil. This should provide the company with the necessary resources to execute its civil and defense business strategies and invest in new innovative technologies. Archer Aviation's growth is underpinned by strong government and commercial collaborations. The company ended 2024 with an exclusive partnership with Anduril Industries to jointly develop a hybrid VTOL aircraft for critical defense applications and a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi. This year, ACHR signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer's Midnight jet under the 'Launch Edition' program. Looking ahead, the company aims to launch its Midnight eVTOL aircraft commercially by late 2025, targeting urban air mobility demand. Its partnership with United Airlines for planned air taxi services in major U.S. cities should further strengthen its capability in the eVTOL market. The completion of ACHR's 400,000-square-foot aircraft manufacturing facility in late 2024 should also help it meet the rising demand for eVTOL jets in the coming years. Joby Aviation also maintains a strong cash position, with almost $1 billion on hand as of Dec. 31, 2024. As of the same date, both its long and short-term debts were nil. This should provide JOBY with the financial flexibility it needs for designing and manufacturing aircraft, as well as developing production lines for jet components. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. In March 2025, JOBY announced a partnership with Virgin Atlantic for the launch of its revolutionary air taxi service in the UK. Moreover, it became the first eVTOL company to receive a Part 135 Air Carrier Certificate from the FAA, allowing it to start operations with conventional aircraft while preparing its eVTOL. Looking ahead, JOBY aims to deliver its eVTOL aircraft to Dubai by mid-2025 and start commercial passenger operations by late 2025 or early 2026. Moreover, JOBY's high-rate production facility is planned for Dayton, OH, where the company purchased a 40,300-square-foot facility in 2024 and identified a separate 140-acre site, which comes with enough land to build over 2 million square feet of manufacturing space. This should help JOBY deliver more aircraft in the coming years. Both Archer Aviation and Joby are navigating a capital-intensive runway. However, whether the business model for both these stocks will be sustainable in the long run remains uncertain. This is because of the nascent stage of the eVTOL aircraft market itself. So, ACHR and JOBY's success depends not only on their ability to design, develop and certify eVTOL aircraft but also on how the demand for these vehicles evolves. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY and ACHR's growth potential may be constrained. Moreover, since both these stocks are in their pre-revenue stage (although JOBY has generated an insignificant amount of revenues in recent times), investors might remain concerned about their long-term growth viability. The Zacks Consensus Estimate for Archer Aviation's 2025 and 2026 loss per share implies a year-over-year improvement. However, the stock's bottom-line estimates been trending downward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Joby Aviation's 2025 and 2026 loss per share suggests year-over-year growth. The stock's near-term bottom-line estimates, however, have been trending southward over the past 60 days. Image Source: Zacks Investment Research ACHR (down 7.9%) has outperformed JOBY (down 21.6%) over the past three months and has done the same in the past year. Shares of ACHR and JOBY have surged 119.8% and 27.7%, respectively. Image Source: Zacks Investment Research The image below, reflecting a negative Return on Equity (ROE) for ACHR and JOBY, suggests that neither of these eVTOL stocks is efficiently generating profits from its equity base. Image Source: Zacks Investment Research While both Archer and Joby are well-positioned to capitalize on the emerging eVTOL market, both companies remain speculative, with their pre-revenue-stage ventures exposed to significant execution, regulatory and adoption risks. That said, investors looking to enter the urban air mobility space should take a cautious approach while considering stocks like ACHR and JOBY and be prepared for high volatility and uncertain timelines. Considering the aforementioned comparative analysis of both these stocks, Archer Aviation may offer relatively better near-term upside, considering its outperformance over JOBY at the bourses. However, neither of them is without substantial risk. ACHR carries a Zacks Rank #3 (Hold) while JOBY holds a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Arab Times
28-04-2025
- Business
- Arab Times
‘Don't let the company down'
Regent Aerospace, a leading American company globally accredited by various official and international bodies, has chosen Kuwait as its regional headquarters, a decision that is hopefully well-studied. The company specializes in manufacturing aircraft interior components, including seats, galleys, lavatories, sidewalls, ceiling panels, power supply panels, overhead bins, entertainment systems, and cargo holds and trolleys. Founded in 1993, Regent Aerospace provides services to commercial airlines, leasing companies, and aircraft maintenance, repair, and overhaul (MRO) companies. The company offers a wide range of services and spare parts to support maintenance operations, from complete cabin redesigns and comprehensive overhauls to spare parts for ongoing maintenance needs. Regent Aerospace, headquartered in Valencia, California, employs a global workforce and is the world's largest independent company in its field. It offers a full range of engineering capabilities, including a team of FAA-certified aircraft manufacturers who oversee the production of vacuum-formed plastic components, fire-resistant foam pads, and mechanical and electrical systems. The company also maintains an FAA certified laboratory for testing material flammability, enabling it to secure approvals at record speed. Regent Aerospace may not be a large company, but it is a leader in its field and could be the first American company in years to choose Kuwait as its regional headquarters. We must ensure that we don't let the company down, especially given the reputational challenges Kuwait faces as a country that has struggled to attract international businesses and retain talent. I hope Regent Aerospace marks a positive step forward, even if the path ahead may not be easy. Based on an agreement with Kuwait Airways, Regent Aerospace will soon begin the maintenance, refurbishment, and furnishing of Kuwait Airways' aircraft cabins. Kuwait Airways Chair and CEO Captain Abdulmohsen Al-Faqan announced that the airline has provided logistical support to Regent Aerospace in establishing its regional center in Kuwait. This move is aimed at enhancing the company's services in the Gulf Cooperation Council (GCC) countries, the Middle East, and North Africa. The agreement promises economic benefits and strengthens Kuwait's position in the aviation maintenance, repair, and overhaul (MRO) sector. We extend our gratitude to our brother Abdulmohsen and appreciate Kuwait Airways' role in selecting Regent Aerospace as its regional headquarters in Kuwait. In an article I wrote last Thursday, I mentioned that the contracting company CAT built the Al-Sabah Hospital complex, which was once the largest in the region. However, I inadvertently omitted the fact that the company also established the iconic Shuwaikh High School, which opened 72 years ago and was, for decades, the largest educational complex in the Middle East. Shuwaikh High School was built on a cost-plus-15 percent basis. I employed the same method in constructing more than 80 villas in the 1980s when I was active in the construction contracting business, a field I bid an early farewell to, with no regrets.
Yahoo
15-04-2025
- Business
- Yahoo
FlyGuys and Datumate Forge Strategic Partnership to Elevate Aerial Data Solutions in Construction Industry
LAFAYETTE, La., April 15, 2025 /PRNewswire/ -- FlyGuys, the leading nationwide reality data capture technology company, and Datumate, a pioneer in construction data analytics and management software, are pleased to announce a strategic partnership that will revolutionize aerial data solutions for the construction industry. This collaboration combines FlyGuys' extensive network of FAA-certified drone pilots and high-quality aerial data capture expertise with Datumate's advanced DatuBIM platform, a cloud-native SaaS solution for infrastructure construction data analytics. Together, they will provide construction professionals with seamless integration of precise aerial data and comprehensive analytics, enhancing project management and decision-making processes. Key Benefits of the Partnership: Seamless Aerial Data Integration: FlyGuys' aerial data will integrate effortlessly with Datumate's DatuBIM platform, offering users high-resolution, timely insights to streamline project timelines. Improved Accuracy and Safety: Clients will gain accurate geospatial data while reducing on-site risks through autonomous drone flights and advanced mapping technologies. Enhanced Decision-Making: The partnership enables the transformation of raw drone data into actionable insights, facilitating better decision-making across all project phases. "Partnering with Datumate is an exciting step forward in transforming construction project management," said Joe Stough, CEO of FlyGuys. "By integrating our nationwide reality data capture with Datumate's advanced analytics, we're empowering construction teams with exceptional precision, efficiency, and in-depth insights, raising the bar for digital project management." "At Datumate, we believe that the key to smarter, safer construction lies in transforming raw data into actionable insights," said Dror Friedman, CEO of Datumate. "By partnering with FlyGuys, we're not just capturing high-resolution images—we're harnessing cutting-edge automation to provide real-time clarity and precision on every project. Together, we're setting a new standard for the industry and building the future of construction." Construction professionals interested in leveraging this integrated solution are encouraged to contact FlyGuys or Datumate for more information. About FlyGuys: FlyGuys is the leading online marketplace for reality data capture, connecting data seekers with professional data collectors through its proprietary software platform. With a nationwide network of skilled drone pilots ready for deployment, FlyGuys streamlines mission assignments to ensure fast, efficient, and reliable data capture. With a strong focus on accuracy, reliability, and operational excellence, FlyGuys empowers businesses to confidently make informed decisions. Its technology-driven approach optimizes data collection, delivering seamless solutions that adapt to the evolving needs of various industries. For more information, visit About Datumate: Datumate is a leader in construction data analytics and management software, offering the DatuBIM platform—a cloud-native SaaS solution designed to provide full visibility into infrastructure and transportation projects. Utilizing drone and laser scanning mapping alongside an advanced automation and photogrammetry engine, Datumate empowers construction professionals with intuitive, digital, and automatic project insights. For more information, visit For media inquiries, please contact: FlyGuysWhitney Savoie, VP of Marketing1.888.837.0940393384@ DatumateChaz Ross-Munro, CPSM, Head of Marketing393384@ View original content to download multimedia: SOURCE FlyGuys
