Industrials

Commercial aerospace is a long-cycle market in which production rates follow aircraft programs that are planned years in advance. A significant ramp in thatBusinesstherefore reflects decisions made earlier, and it tends to support revenue for a sustained period rather than for a single quarter. …

Separating the acquisition effect from organic growth matters for judging the quarter. Because the CalabrianBusinesswas added only on June 30, its contribution in the third quarter reflects a full period of operations that did not exist in the prior-year base. The release does not …

Electric vertical takeoff and landing, or eVTOL, aircraft are designed to carry passengers or cargo over short urban and regional distances. The sector is in an early commercial phase, and companies must complete design, certification and production before generating useful sales. Funding needs are …