(Newswire.net — July 5, 2022) — With Sri Lanka and Pakistan struggling with the global economic crisis of 2022, there is not much optimism even for World Bank chief economist Carmen Reinhart. She has recently affirmed to be skeptical that the United States and global economies can actually dodge a recession, given the rising inflation, hikes in interest rates, and China slowing its growth.
Not only governments are facing the impacts of the crisis, but whole industries as well. In the case of the aeronautics and defense departments, there was already a complex situation deriving from Covid-19, but the war in Ukraine has introduced further critical issues on the market and on the global supply chain. According to Paolo Graziano, president, and CEO of Magnaghi Aeronautica (MA Group), companies should be expecting “strong increases in production costs (energy, labor, raw materials), changes in demand, and an increase in procurement times.”
Magnaghi Aeronautica is an Italian company specializing in the design, certification, production, and subsequent marketing of landing gear systems, equipment, hydraulic and electronic systems, and systems for aerospace use. In 2022, in spite of all difficulties faced globally, the company was awarded the recognition as Top Employer 2022 in Italy and has been investing in innovation in partnership with several countries and companies.
Together with Lilium, Magnaghi Aeronautica (MA Group) is developing, manufacturing, and qualifying landing gears for the Lilium Jet. The agreement marks a significant evolution in MAGROUP’s global landing gear solutions within the regional electric air mobility market. As a leading manufacturer in the field, the company will contribute to achieving the take-off and landing comfort performances of the emission-free aircraft designed by Lilium.
As stated by Giorgio Iannotti, MA Group SVP Business and Product Development, MA Group shares Lilium’s vision of the huge potential of the Urban Air Mobility segment, which will bring a “new age of commercial transport”. The group is now concentrating on continuously offering its capabilities, investments, heritage, and expertise.
“We are also constantly developing our skills by anticipating market demands and needs. By working closely with our customers, we are able to integrate our solutions to their programs more efficiently”, he explains.
Founded in Naples, the company is inspired by the craftsmanship of Neapolitan tailors when delivering quality, innovation, and competitiveness in the industry. “It is thanks to the combination of resourcefulness, technical skills, and technological research that a midsize company like ours competes with enormously larger American or Chinese companies,” shares Graziano.
This has been found to be true when considering recent news shared by the MA Group, which has been working on the development of one of the most innovative aircraft at Airbus Helicopters in Marignane, France. This is a high-speed compound helicopter that is being developed in partnership with other 42 initiatives and 13 European countries.
Named RACER, the aircraft is optimized for a max cruise speed of more than 400 km/h – almost twice as much as the average of current in-service helicopters, which can reach a top speed up to 260 km/h.
RACER was designed to meet the best charts in speed, cost-efficiency, and mission performance while also greatly contributing to lower operational carbon and acoustic footprint produced by other ships of its kind. MA Group is an active part of this journey with its “clean sheet” Landing System design, a project developed and qualified in an international partnership under the framework of the European Research Clean Sky 2 program.
With three offices in Italy, two in the United States, and one in Brazil, Magnaghi Aeronautica (MA Group) has increased its revenue from € 19m to € 91m in the past 20 years (from 2000 to 2020). This comes as a consequence of the many projects signed to design and build landing gear and aerostructures for over 35 military and civilian aircraft.
Involved in more than 20 military programs, Graziano believes that MA Group’s field of expertise, aeronautics, can only succeed when a firm with deep roots.