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Pilatus PC-6 aircraft during take-off with smoke near the cabin
Aviation SafetyJul 24, 10:32 AM

Pilatus PC-6 crashes after take-off near Nancy with smoke onboard, killing 11

None of the 11 occupants survived the loss-of-control accident near Nancy. French investigators have indicated that smoke was observed by skydivers in the cabin of a Pilatus PC-6 during take-off before the aircraft stalled, rolled to the left, and crashed. Neither the pilot nor the 10 skydivers on board survived the accident at Tomblaine , near Nancy, on 28 June. Examination of the instrument panel suggests it was "highly probable" that warning lights for engine oil contamination by metallic particles, fuel filter clogging, and minimum propeller pitch were illuminated at the time of impact. "Analysis is continuing to determine whether these warning lights activated before or after the loss of control," says French investigation authority BEA. Reconstruction of the flightpath has largely relied on witness and surveillance video from the ground, as well as the Garmin GI-275 electronic flight display and cameras carried by the skydivers. BEA says that, during the take-off roll, an instructor in the rear remarked, "It's smoking." The pilot did not appear to hear this comment, while another instructor in the centre of the cabin also exclaimed, "There's smoke," while pointing to an area near the floor. BEA says the instructors agreed to ventilate the cabin by partly opening the side door. Spectral analysis of audio indicates the gas generator speed of the single Pratt & Whitney PT6A-27 turboprop was initially stable at 96% of maximum. But unlike the five previous flights that day, the speed then fell by 10% and remained at this reduced level. "At this stage of the investigation, it has not been determined whether this decrease was intentional or involuntary," says BEA. Rotation occurred at about 60kt and the aircraft reached 73kt some 2s after the fall in engine speed. The aircraft's airspeed began declining, while its pitch "sharply" increased, and it rolled initially to the right and then the left. Pitch attitude rose to 19° nose-up and the left roll exceeded 20°, while the airspeed fell to 55kt. BEA says the stall speed at take-off configuration would have been 53kt, rising to 57kt at 30° bank. "Control of the aircraft was lost shortly afterwards," says the inquiry, stating that the PC-6 stalled asymmetrically and lost height at about 200ft. It crashed 200m off the end of runway 21, and 150m to the left of its centreline. Pratt & Whitney is examining the engine. Fuel samples from the airport revealed no anomalies. None of the skydivers was carrying smoke grenades or phones, and the only phone recovered – probably the pilot's – showed no sign of thermal runaway. Neither was there evidence of overheating or abnormality in the aircraft's electrical system, nor signs of an automatic pyrotechnic charge detonation. BEA adds that the aircraft's mass and centre-of-gravity were within limits and no movement of the occupants was observed prior to the loss of control. It has yet to reach conclusions on the cause of the accident.

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Senior flight attendant briefing passengers aboard a widebody aircraft
AirlinesJul 24, 3:00 AM

Senior Flight Attendants at US Carriers Surpass $100K Annually with New Pay Deals

Flight Attendant pay in 2026 varies widely by rank, seniority, the region, and carrier, but the top of the ladder is where the real money is. At major US airlines, entry-level cabin crew typically start around $25–$40 per hour, while senior international flight attendants can push base earnings toward $90,000 and beyond once premiums, per diems, and international layover pay are factored in. Seniority is key at all airlines, which usually sees an annual increase in salary and more pay as crew move up the ranks.

Boeing 777-300ER on runway with sunset background
AirlinesJul 23, 9:30 PM

Boeing Ends Production of Boeing 777-300ER After Nearly Two Decades

In 2004, the airline sector was revolutionized by the Boeing 777-300ER (extended range) variant of the 777 family. It was first flown commercially by Air France, and at the time, Boeing claimed it was "the most technologically advanced airplane in the industry" , surpassing previous 777-200 and 777-200ER variants, and raising the bar in terms of comfort and range. The 777-300ER featured updated systems, and at the time, it was equipped with the most powerful commercial jet engine available, the General Electric GE90-115B turbofan.

RAF Red Arrows jets performing an aerobatic maneuver in clear sky at an airshow
Military/DefenseJul 23, 8:12 PM

AirVenture 2026 Friday Highlights Include RAF Red Arrows and Modern Military Demos

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Which part of Friday's AirVenture airshow interests you most? The RAF Red Arrows Modern military demonstrations, including the F-35B and F-16 Warbirds, vintage aircraft, and the seaplane showcase I won't attend, but I'll follow the show remotely Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); gform.initializeOnLoaded( function() {gformInitSpinner( 1064, 'https://avweb.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery('#gform_ajax_frame_1064').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_1064');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_1064').length > 0;var is_redirect =

Senior flight attendant briefing passengers aboard a widebody aircraft
AirlinesJul 24, 3:00 AM

Senior Flight Attendants at US Carriers Surpass $100K Annually with New Pay Deals

Flight Attendant pay in 2026 varies widely by rank, seniority, the region, and carrier, but the top of the ladder is where the real money is. At major US airlines, entry-level cabin crew typically start around $25–$40 per hour, while senior international flight attendants can push base earnings toward $90,000 and beyond once premiums, per diems, and international layover pay are factored in. Seniority is key at all airlines, which usually sees an annual increase in salary and more pay as crew move up the ranks.

Boeing 777-300ER on runway with sunset background
AirlinesJul 23, 9:30 PM

Boeing Ends Production of Boeing 777-300ER After Nearly Two Decades

In 2004, the airline sector was revolutionized by the Boeing 777-300ER (extended range) variant of the 777 family. It was first flown commercially by Air France, and at the time, Boeing claimed it was "the most technologically advanced airplane in the industry" , surpassing previous 777-200 and 777-200ER variants, and raising the bar in terms of comfort and range. The 777-300ER featured updated systems, and at the time, it was equipped with the most powerful commercial jet engine available, the General Electric GE90-115B turbofan.

Boeing 747 aircraft parked at airport gate under clear daylight
Business AviationJul 24, 5:00 AM

Chartering a Boeing 747 Costs $25K-$40K Per Hour in 2026 for Large Passenger and Cargo Needs

Chartering aircraft has been a popular alternative to commercial air travel since the end of World War II, according to Business Aircraft Center. The introduction of the Learjet 23 in 1963 further cemented charter aircraft operations as a mainstay in the corporate aviation landscape. Several manufacturers from the 1960s onward began to produce their own variants, to grow the business aviation landscape as it stands today. Companies such as Bombardier, Dassault Falcon , Gulfstream, Embraer , and Textron are some of the most common corporate jet manufacturers in the industry today.

Here's What Delta Air Lines' Medallion Status Actually Gets You After Your Hometown Loses Its 50-Seater
Business AviationJul 17, 5:00 AM

Delta Medallion Loyalty Faces New Challenges as CRJ200 Fleet Retires and MQD Rules Tighten

For years, small communities occupied a unique place in Delta Air Lines' network. Travelers from cities served by the 50-seat Bombardier CRJ200 often accepted cramped cabins, limited amenities, and frequent connections because loyalty delivered tangible rewards. Frequent regional flyers accumulated Medallion status through repeated trips, received complimentary upgrades on connecting flights, and benefited from priority treatment during disruptions. That long-standing tradeoff has now been disrupted by two major changes that arrived almost simultaneously. Delta retired its CRJ200 fleet in late 2023, replacing the aircraft with larger dual-class regional jets such as the CRJ700, CRJ900, Embraer E175, and eventually the CRJ550. Although several CRJ200s briefly returned during the summer of 2024 to cover temporary fleet shortages, the airline's long-term strategy remains centered on fewer, fuller aircraft that offer a more premium onboard experience. At nearly the same time, Delta overhauled its SkyMiles Medallion program by making Medallion Qualification Dollars (MQDs) the primary path to elite status, shifting the emphasis from how often customers fly to how much they spend.

Airbus A321 of Frontier Airlines taxiing under bright daylight
Business AviationJul 14, 2:33 PM

Frontier Airlines to Install Starlink Wi-Fi Across Entire Fleet by Early 2027

Denver-based carrier joins growing list of North American airlines to opt for the SpaceX service. Frontier Airlines is to install SpaceX's Starlink in-flight Wi-Fi service on its entire fleet as part of a programme that will see five Indigo Partners-backed carriers equip more than 1,000 aircraft with the system. European budget carrier Wizz Air, Mexico's Volaris, Latin America's JetSmart and Philippines-based Cebu Pacific will also install Starlink on their aircraft. "Starlink will provide our portfolio airlines with reliable, high-speed connectivity," says Indigo Partners managing partner Bill Franke. A Frontier spokesperson confirms to FlightGlobal that all 183 of the carrier's Airbus A320s and A321s will be equipped with Starlink. The first Starlink-equipped aircraft is scheduled to launch in early 2027. Further details on how long the full roll-out will take are still "to come", adds the spokesperson. Frontier becomes the latest in a string of North American carriers to select SpaceX's low-Earth orbit (LEO) satellite-based in-flight connectivity service . Air Canada, Alaska Airlines, American Airlines, Hawaiian Airlines, Southwest Airlines, United Airlines, WestJet and charter carrier JSX have all opted to install Starlink across their fleets. Delta Air Lines and JetBlue Airways, meanwhile, have both selected Amazon's competing Leo service. Frontier says it will be the first US carrier to offer passengers access to Starlink through "a new service managed directly by Starlink". FlightGlobal has approached SpaceX for more information about this service. Starlink uses a network of LEO satellites to provide low-latency global coverage, including across polar regions. Both Starlink and Amazon Leo have been taking market share from incumbent satellite providers , which have traditionally focused on satellites in geostationary orbit. Those providers are increasingly offering multi-orbit solutions to airlines in response.

Pilatus PC-6 aircraft during take-off with smoke near the cabin
Aviation SafetyJul 24, 10:32 AM

Pilatus PC-6 crashes after take-off near Nancy with smoke onboard, killing 11

None of the 11 occupants survived the loss-of-control accident near Nancy. French investigators have indicated that smoke was observed by skydivers in the cabin of a Pilatus PC-6 during take-off before the aircraft stalled, rolled to the left, and crashed. Neither the pilot nor the 10 skydivers on board survived the accident at Tomblaine , near Nancy, on 28 June. Examination of the instrument panel suggests it was "highly probable" that warning lights for engine oil contamination by metallic particles, fuel filter clogging, and minimum propeller pitch were illuminated at the time of impact. "Analysis is continuing to determine whether these warning lights activated before or after the loss of control," says French investigation authority BEA. Reconstruction of the flightpath has largely relied on witness and surveillance video from the ground, as well as the Garmin GI-275 electronic flight display and cameras carried by the skydivers. BEA says that, during the take-off roll, an instructor in the rear remarked, "It's smoking." The pilot did not appear to hear this comment, while another instructor in the centre of the cabin also exclaimed, "There's smoke," while pointing to an area near the floor. BEA says the instructors agreed to ventilate the cabin by partly opening the side door. Spectral analysis of audio indicates the gas generator speed of the single Pratt & Whitney PT6A-27 turboprop was initially stable at 96% of maximum. But unlike the five previous flights that day, the speed then fell by 10% and remained at this reduced level. "At this stage of the investigation, it has not been determined whether this decrease was intentional or involuntary," says BEA. Rotation occurred at about 60kt and the aircraft reached 73kt some 2s after the fall in engine speed. The aircraft's airspeed began declining, while its pitch "sharply" increased, and it rolled initially to the right and then the left. Pitch attitude rose to 19° nose-up and the left roll exceeded 20°, while the airspeed fell to 55kt. BEA says the stall speed at take-off configuration would have been 53kt, rising to 57kt at 30° bank. "Control of the aircraft was lost shortly afterwards," says the inquiry, stating that the PC-6 stalled asymmetrically and lost height at about 200ft. It crashed 200m off the end of runway 21, and 150m to the left of its centreline. Pratt & Whitney is examining the engine. Fuel samples from the airport revealed no anomalies. None of the skydivers was carrying smoke grenades or phones, and the only phone recovered – probably the pilot's – showed no sign of thermal runaway. Neither was there evidence of overheating or abnormality in the aircraft's electrical system, nor signs of an automatic pyrotechnic charge detonation. BEA adds that the aircraft's mass and centre-of-gravity were within limits and no movement of the occupants was observed prior to the loss of control. It has yet to reach conclusions on the cause of the accident.

An American Airlines aircraft taxiing at a busy airport facing operational challenges
Aviation SafetyJul 23, 1:36 PM

American Airlines Q2 Profits Plunge 88%, Faces Potential 2026 Loss

In recent weeks, we've seen the major US airlines report their Q2 2026 earnings. Obviously it's an unusual time for the industry — while we've seen a huge spike in jet fuel prices, we've also seen airlines be able to charge higher fares ( which they believe they can sustain ). In the United States, the story has largely been the same at most airlines — we're seeing record revenue, while profits are down year-over-year. However, the extent to which profits are down differs massively. American is obviously the carrier among the "big three" that's struggling the most, and it has just reported its financial results , including updated guidance. It's all not very pretty. American "only" earns $71 million in its (historically) best quarter When it comes to quarterly results, generally American's best quarter is Q2, followed by Q4, followed by Q3, followed by Q1. That's because Q2 covers spring and early summer travel (the peak summer travel period has moved forward), Q4 covers holiday travel, Q3 covers some summer and fall travel, and Q1 is… well, rough. Obviously you'd expect some year-over-year changes at airlines, reflecting higher revenue but also higher costs. However, in general you'd hope that American is somewhat "tracking" its competitors, in terms of the percent changes year-over-year. In 2025, American's annual profits plunged by 87% , and CEO Robert Isom promised significant upside. So, how are things going now? American has just reported a net income of $71 million for Q2 2026, representing an 88% year-over-year decrease in net profit. As a point of comparison, Delta and United saw profits decrease by 25% and 17%, respectively. Airline Q2 2025 net income Q2 2026 net income Percent change American $599 million $71 million −88.1% Delta $2.13 billion ~$1.60 billion −24.9% United $973 million $805 million −17.3% Now, to be thorough, let's also compare Q1 2026 results compared to the previous year (keep in mind Q1 2025 was really rough due to the tariff situation, so all airlines saw a profit increase over that period). Airline Q1 2025 net income Q1 2026 net income Percent change American -$473 million -$382 million +19.2% Delta $240 million $570 million +137.5% United $387 million $973 million +151.4% It seems unlikely American will make money in 2026 American lost $382 million in the first quarter, and earned $71 million in the second quarter, so for the first half of the year, we're at a loss of $311 million, with the company's historically best quarter behind it. For context, in Q3 2025 American had a net income of -$114 million, and in Q4 2025 it had a net income of $99 million. At this point, it seems highly unlikely that American will turn a profit in 2026. American has also updated its full year 2026 guidance, and now expects earnings per share of -$0.65 to $0.65. That contrasts to the previous guidance of -$0.40 to $1.10. And keep in mind American's initial guidance for 2026 was $1.70 to $2.70. For context, Delta has maintained the same guidance throughout, of $6.50 to $7.50 per share. Meanwhile United's guidance has gone from $12 to $14 per share, to $9 to $11 per share. But worry not, folks, American CEO Robert Isom is "excited about the remainder of 2026," brags about how the carrier's "performance reflects the strength of [its] commercial strategy," and thanks the team "for their outstanding execution on [their] commercial and operational objectives during the quarter." The concept of American turning a profit this year seems like a pipe dream at this point, and must be based on assuming that oil prices crash, while the airline can maintain pricing power. 2026 isn't looking very promising for American Bottom line Admittedly no one expects that a turnaround will happen overnight, but American is continuing to lose ground to competitors when it comes to financial results, rather than narrowing the gap. The company had profits in Q2 decrease by 88%, and that's historically American's best quarter. Combined with the $382 million loss in the first quarter, it's hard to imagine a world in which the airline will turn a profit this year. As always, one can't help but be reminded of how in 2017, former American CEO Doug Parker said that the airline would never lose money again, and even in a bad year, the airline should earn around $3 billion in profits. That sure didn't age well, did it? One can't help but wonder how much longer the board will just sit on the sidelines as more and more ground is lost… What do you make of American's financial results, and how do you see this playing out?

Cathay’s I Can Fly unites Hong Kong, mainland China students in aviation program
Flight TrainingJul 16, 2:23 PM

Cathay Pacific unites Hong Kong and mainland students in groundbreaking aviation youth program

Cathay brought together 80 students from Hong Kong and the Chinese mainland on July 15, 2026, for a joint aviation education program in Chengdu, the first time the airline's I Can Fly initiative has combined participants from both regions into one cohort. The program, called I Can Fly Youth Academy, is part of Cathay Pacific's broader I Can Fly initiative, which the airline has run since 2003. Since then, more than 8,800 students have gone through the program, with a number of them going on to build careers in aviation. This year's edition, developed in partnership with the China Soong Ching Ling Foundation, also coincides with Cathay's 80th anniversary. A trip spanning three cities Cathay said that rather than staying in one place, the students will move through Chengdu, Hong Kong, and Adelaide over the course of the program, with each stop built around a different side of the aviation industry. In Chengdu, students are visiting aviation facilities and training institutions, including the AVIC Chengdu Aviation Theme Education Base, the Civil Aviation Flight University of China, and the University of Electronic Science and Technology of China, getting a look at how the aviation sector and its talent pipeline have developed on the mainland. From there, the group heads to Hong Kong, where the focus shifts to how a major international aviation hub actually runs. Visits are planned to Cathay City, the Civil Aviation Department, and Hong Kong Aircraft Engineering Company, covering everything from flight operations and engineering to cabin service. Students who stand out during the program will get an additional opportunity: a trip to Adelaide, Australia, where they'll get international exposure and the chance to meet working aviation professionals. Building connections through aviation The launch ceremony in Chengdu drew a mix of officials and representatives, including China Soong Ching Ling Foundation Secretary-General Chen Hongqu, government officials from Sichuan, and Cathay's Chief Customer and Commercial Officer Lavinia Lau. Lau described the program as central to how the airline approaches youth development, noting that Cathay has watched participants use it over the years to broaden their horizons and pursue new paths. She said extending the academy to Chengdu, and bringing students from both regions together for the first time, marked a meaningful step for the program. Chen echoed that sentiment, framing the collaboration as a way to give young people in Hong Kong and the mainland more chances for cross-cultural exchange through hands-on experience. Part of a broader push The I Can Fly Youth Academy is one piece of a larger set of youth-focused programs Cathay runs, alongside initiatives like Cathay Young Explorers, its Cadet Pilot Training Programme, and the Cathay Hackathon. Together, the airline says, these programs are meant to support aviation education and talent development across Hong Kong and the mainland. The academy also fits into a wider community commitment Cathay has set for the year: an aim to reach 80,000 people in 2026 through programs centered on youth development, sports, and arts and culture. RELATED Cathay Pacific marks first batch of cadet pilots from in-house training program

This 2007 Diamond DA40-FP Is a Proven ‘AircraftForSale’ Top Pick
Flight TrainingJul 14, 3:00 PM

2007 Diamond DA40-FP Offers Reliable Composite Flight Training and Cross-Country Capability

Every day, the team at Aircraft For Sale chooses an airplane that catches our attention because it is unique, a good deal, or has other qualities we find interesting. You can read Aircraft For Sale: Today's Top Pick at FLYINGMag.com daily. Today's Top Pick is a 2007 Diamond DA40. Standing out in the aviation landscape with its aerodynamically efficient composite construction, the Diamond DA40 has cultivated a stellar reputation as a highly capable and forgiving platform.  This 2007 Diamond DA40-FP Diamond Star presents an exceptional opportunity for first-time aircraft owners or flight schools looking to acquire a reliable, economical cross-country machine. The airframe boasts 5,870 hours total time since new (TTSN) and a clean pedigree with no known damage history and completely intact logbooks. Sitting in the pilot's seat reveals an advanced instrument layout centered around a fully integrated Garmin G1000 flight deck, offering phenomenal situational awareness for IFR operations. The dual 10-inch primary and multi-function displays are supported by dual Garmin GIA 63 integrated radio modules, a GRS 77 solid-state AHRS, and a GTX 335R transponder. While configured as a non-WAAS setup without an autopilot, the panel provides an exceptional environment for building genuine stick-and-rudder instrument proficiency. The cockpit is outfitted with several thoughtful utilitarian touches designed for comfort and practicality. The installation of a larger factory-style bubble canopy provides significantly increased headroom, making it ideal for taller pilots or demanding flight school operations. Further cabin refinements include a four-way baggage compartment system, canopy vent window scoops, dual USB power ports, and a convenience package featuring integral cupholders and large-capacity side pockets. 2007 Diamond DA40 [Credit: Aerista] Moving beyond the sleek composite lines, the nose section houses a proven and dependable Lycoming IO-360 powerplant that consistently delivers economical operation and predictable performance. Providing a respectable 829-pound useful load, this aircraft is further enhanced by several valuable upgrades, including a Power Flow tuned exhaust system that maximizes efficiency and a Plane-Power heavy-duty alternator. A pre-installed EZ Heat engine pre-heater ensures the powerplant is protected during cold-weather operations. Underscoring its readiness for immediate flightline duty, the aircraft is backed by a fresh annual inspection recently completed in January 2026. This thorough checkup guarantees mechanical integrity and dispatch reliability right out of the gate, with the ELT inspection not due until May 2027. Listed at $224,900 , this Colorado-based 2007 Diamond DA40-FP Diamond Star provides an affordable and highly attractive pathway into modern composite aircraft ownership. If you're exploring ownership options, FLYING Finance can help get you airborne. Use our airplane loan calculator to estimate your monthly payments, or connect with an aviation finance expert at flyingfinance.com . FLYING Magazine: Diamond's DA40 NG Just Might Be What the General Aviation Market Is Clamoring For FLYING Magazine: Diamond Offers a Year's 'Free Flying' for DA40 Buyers FLYING Magazine: UNSW School of Aviation Expands Diamond Fleet Plane + Pilot : Rediscovering the Diamond DA40 Plane + Pilot : Diamond DA40 XL: Polishing the Diamond Star Plane + Pilot : Diamond Aircraft to Build Electric DA40 Model The Aviation Consumer: Used Aircraft Guide: Diamond DA40 Star The Aviation Consumer : Diamond DA40 Star

RAF Red Arrows jets performing an aerobatic maneuver in clear sky at an airshow
Military/DefenseJul 23, 8:12 PM

AirVenture 2026 Friday Highlights Include RAF Red Arrows and Modern Military Demos

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Which part of Friday's AirVenture airshow interests you most? The RAF Red Arrows Modern military demonstrations, including the F-35B and F-16 Warbirds, vintage aircraft, and the seaplane showcase I won't attend, but I'll follow the show remotely Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); gform.initializeOnLoaded( function() {gformInitSpinner( 1064, 'https://avweb.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery('#gform_ajax_frame_1064').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_1064');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_1064').length > 0;var is_redirect =

Lockheed Martin missile system during daytime testing at a military facility
Military/DefenseJul 23, 1:32 PM

Lockheed Martin Q2 2026 earnings surge on eased prior contract losses and strong missile sales

Lockheed Martin's second-quarter earnings look much stronger than last year, largely because a set of one-time losses from 2025 didn't repeat this time around. The defense contractor reported second quarter 2026 sales of $20.1 billion, up 11% from $18.2 billion a year earlier, while net earnings jumped to $1.8 billion, or $7.94 per share, compared to just $342 million, or $1.46 per share, in the same quarter last year. Much of that swing traces back to a rough second quarter in 2025, when Lockheed absorbed $1.6 billion in program losses tied to a classified Aeronautics contract and two helicopter programs, Canada's Maritime Helicopter Program and Turkey's Utility Helicopter Program. With those losses behind it, this year's results look considerably stronger by comparison, though the company also saw genuine growth from higher production volumes, particularly on the F-35 program and various missile programs. Cash generation told a similar story. The company brought in $3.2 billion from operations this quarter, compared to just $201 million a year ago, while free cash flow came in at $2.9 billion versus a negative $150 million in the same period last year. A record backlog, and a defining new contract Lockheed's order backlog climbed to a record $230 billion, up from $193.6 billion at the end of 2025. A major driver behind that jump was a $35 billion multi-year contract with the Missile Defense Agency to produce THAAD interceptors, part of what Chairman, President and CEO Jim Taiclet described as a broader effort to modernize how the company builds munitions. "We took a major step forward in transforming munitions production, putting the framework agreements we announced earlier this year into action by signing a $35 billion multi-year contract with the Missile Defense Agency for THAAD," Taiclet said. He also pointed to the company's Sanctum counter-drone system, which went from concept to live-fire testing in just 45 days, combining a battle manager, radar, launcher, and missile into a single system. Taiclet added that Lockheed is also investing in expanding its manufacturing base, citing a collaboration with General Motors Defense in the US and an agreement with Rheinmetall to co-produce ATACMS missiles in Europe. How the different divisions performed Lockheed's four business segments, Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space, all posted sales growth this quarter, though the size of that growth varied. Missiles and Fire Control saw the steepest increase, with sales up 19% to $4.1 billion, driven largely by production increases on the PAC-3 and THAAD missile defense programs, along with the Precision Strike Missile program. Aeronautics grew 9% to $8.1 billion, helped by higher volume on F-35 production contracts, while Rotary and Mission Systems also grew 9%, to $4.4 billion, and Space grew 6% to $3.5 billion. Aircraft deliveries told a more mixed story. Lockheed delivered 19 F-35 jets during the quarter, down sharply from 50 a year earlier, while C-130J deliveries rose to seven from just one. Government helicopter program deliveries slipped slightly to 16, from 24 a year ago. Raising the outlook for the rest of the year Lockheed said the strength of its second quarter gave it enough confidence to raise its full-year financial guidance. The company now expects sales growth of approximately 8% for 2026, along with a 28% increase in segment operating profit and free cash flow projected to exceed $7 billion, up from earlier guidance. Taiclet tied the improved outlook directly to the company's broader strategy. "This continued performance reflects more than just increased customer demand – it is evidence that our 21st Century Security strategy, and its focus on integration, partnerships and operational excellence is working," he said, adding that the results give the company "confidence to raise our full year financial guidance."

C-17 Globemaster III tactical airlifter taxiing at a military base runway under clear sky
Military/DefenseJul 23, 5:00 AM

Boeing's Data-Driven Upgrade Set to Extend C-17 Globemaster Service Through 2075

The last McDonnell Douglas C-17 Globemaster III left the assembly line in 2015, and it is expected to remain a vital airlift platform of the US Air Force for decades to come. The last C-17 rolled out the doors just as Boeing absorbed the storied planemaker in one of the largest aerospace mergers in history. Now, as the caretaker of the Globemaster, Boeing is preparing to deliver a major upgrade through its new Aircraft Data Reasoner.