Futures slip, bank earnings ahead, Powell to speak - what’s moving markets
PLANO, Texas - Boeing [NYSE: BA], a prominent player in the Aerospace & Defense industry with a market capitalization of $161.5 billion, Southwest Airlines and Aeroxchange Ltd. have completed the aerospace industry’s first parts shipment using a digital version of the FAA’s 8130-3 Authorized Release Certificate, according to a press release issued Monday. According to InvestingPro data, Boeing has seen impressive momentum with a 34% gain over the past six months.
The digital certificate replaces the traditional paper document with an encrypted file that verifies part authenticity and airworthiness. The initiative aims to enhance supply chain security by preventing unapproved spare parts from entering the aerospace aftermarket. With annual revenues of $75.3 billion and operating with moderate debt levels, Boeing continues to invest in digital transformation. Discover more insights about Boeing’s financial health and growth prospects with a InvestingPro subscription, which includes exclusive analysis and 8 additional ProTips.
The milestone shipment involved a battery serviced at Boeing’s repair center in Davie, Florida, which was delivered to Southwest Airlines’ Dallas facility. The digital certificate was transmitted through Aeroxchange’s eARC platform.
"Southwest is proud to be a partner in the electronic process of document transfers and thrilled to be onsite for the very first delivery of a ship battery using this process," said Landon Nitschke, senior vice president of Technical Operations at Southwest Airlines.
The digital certificate utilizes X.509 security protocols, public/private key encryption, and blockchain-ready formats to create a verifiable record of part authenticity throughout its lifecycle.
Boeing plans to implement the digital certificate across all nine of its product repair services centers as each receives FAA authorization for electronic recordkeeping systems.
The development aligns with recommendations from the Aviation Supply Chain Integrity Coalition (ASCIC), a cross-industry group focused on preventing unapproved parts from entering the aviation supply chain. Boeing, Southwest Airlines and Aeroxchange are all members of this coalition.
In other recent news, Boeing is poised to receive European Union antitrust approval for its $4.7 billion acquisition of Spirit AeroSystems. The approval will require Boeing to implement certain remedies, including the sale of some of Spirit AeroSystems’ businesses, to address EU regulatory concerns. Meanwhile, Turkish Airlines is considering switching its Boeing 737 MAX order to Airbus if negotiations with engine supplier CFM do not yield favorable terms. Turkish Airlines’ Chair, Ahmet Bolat, indicated that while some progress has been made, cost disagreements persist. Additionally, Airbus has achieved a significant milestone by surpassing Boeing’s 737 as the most-delivered jetliner in history with its A320 family. On a regulatory front, India’s air safety authority has sought further information from Boeing regarding an incident involving an Air India 787 Dreamliner’s emergency power system. Lastly, executives from Boeing and Airbus have stated that new narrowbody jets are not imminent, with Boeing’s marketing chief Darren Hulst noting that a 737 successor is still "some way off."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.