industrial sector which manufactures weapons and military technology and equipment
Rheinmetall: Cologne tests loading curbs in practice - Golem.de: Rheinmetall and the city of Cologne have given the starting signal for a charging infrastructure ...
golem.de/news/rheinmetall-koeln-testet-ladebordsteine-in-der-praxis-2404-184571.html
NASA had to put the Hubble Telescope into 'safe mode' because of a glitch: The orbiting observatory was recently shut down because one of its instruments started ...
qz.com/nasa-hubble-space-telescope-safe-mode-glitch-1851439616
Boeing reports $355 million loss amid door blowout crisis: It was the first quarterly report to show the financial impact of the January door blowout of a Boeing ...
washingtonpost.com/business/2024/04/24/boeing-earnings/
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
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Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Korean Air in talks to buy Boeing 777X jets, sources say: Korean Air is in talks over the purchase of at least 10 Boeing 777X jetliners in a potential tilt back ...
reuters.com/business/aerospace-defense/korean-air-talks-buy-boeing-777x-jets-sources-say-2024-04-24/
Quick Glance: Korean Air in Talks to Purchase Boeing 777X Jets
- Korean Air is in talks to purchase at least 10 Boeing 777X jets, potentially shifting back to its traditional U.S. supplier.
- Discussions with Boeing regarding the 777X, an upgraded version of the 777 mini-jumbo already in use by the carrier, are ongoing.
- Korean Air plans to acquire nearly two-thirds of smaller domestic rival Asiana for about $1.4 billion.
- The EU conditionally approved the Asiana purchase in February, stipulating that Asiana's cargo business must be divested before final approval.
Rampup costs weigh on Q1 but Airbus hikes A350 output goal: Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff ...
reuters.com/business/aerospace-defense/airbus-misses-operating-profit-raises-a350-output-goal-2024-04-25/
Lockheed Martin beats Q1 profit estimates on strong demand: U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit ...
reuters.com/business/aerospace-defense/lockheed-martin-beats-q1-profit-estimates-strong-demand-2024-04-23/
Boeing problems lead Southwest to drop service to four airports: Southwest Airlines announced Thursday it will stop serving four airports due to delays in the ...
cnn.com/2024/04/25/business/boeing-problems-southwest-ends-service-4-airports/
Quick Glance: Is Southwest Ending Free Seating?
- Southwest Airlines is seriously considering seating allocation and passenger boarding to enhance its financial performance.
- Unlike most other airlines, Southwest does not have a premium section with higher fares.
- The airline is closely examining customer preferences regarding seating and boarding processes.
- Experts believe that Southwest could potentially earn a significant amount of money by introducing assigned seating.
S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Planemaker Embraer CEO says supply chain has been improving: The chief executive of Brazil's Embraer said on Friday that supply chain issues impacting ...
reuters.com/business/autos-transportation/planemaker-embraer-ceo-says-supply-chain-has-been-improving-2024-04-26/
Czechs buy weapons manufacturer Steyr Arms: The weapons manufacturer from Upper Austria, known for the StG 77, has been taken over by a Czech investor.
diepresse.com/18400341/tschechen-kaufen-waffenhersteller-steyr-arms
Inside the Swedish ammunition plant at the forefront of Europe’s push to ramp up shell production
kyivindependent.com/inside-the-swedish-ammunition-plant-at-the-forefront-of-europes-push-to-ramp-up-shell-production/
RTX beats estimates on military demand, aviation strength: Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates ...
reuters.com/business/aerospace-defense/rtx-profit-jumps-20-aviation-strength-military-demand-2024-04-23/
Quick Glance: RTX Exceeds Expectations Due to Strong Demand and Profits
- RTX, a key player in the aerospace and defense industry, outperformed earnings expectations in the first quarter. This was facilitated by high demand for missile defense systems and strength in the commercial aftermarket business.
- Pratt and Whitney, a subsidiary of RTX, saw a 23% increase in sales due to an ongoing inspection to check potentially flawed components in their geared turbofan engines. Despite new engine deliveries, Pratt's operating profit declined as new engines are often discounted to generate profits through aftermarket sales over the engine's lifecycle.
- Operating profit of RTX's defense sector, Raytheon, surged by 74%. This growth was supported by the popular Patriot defense system and profits from divesting the cybersecurity, intelligence, and services business. In the quarter, Raytheon secured a $1.2 billion order for German Patriot air and missile defense systems.
- The rising international demand for U.S. weaponry is a consequence of Russia's invasion of Ukraine, Chinese aggressions, and conflicts in the Middle East. Operating profits in Raytheon's defense sector increased by 74%, backed by the sought-after Patriot defense system and gains from selling the cybersecurity, intelligence, and services business.
NASA astronauts, Butch Wilmore and Suni Williams, arrive in Florida for Boeing's first human spaceflight
apnews.com/article/boeing-space-capsule-starliner-astronauts-nasa-4742d2759c51d63c0d2ec9cbf93fce25
US Air Force narrows list to General Atomics, Anduril to build autonomous aircraft
reuters.com/business/aerospace-defense/us-air-force-narrows-list-general-atomics-anduril-build-autonomous-aircraft-2024-04-24/
“This Is a Criminal Cover-Up”: Boeing Whistleblowers Slam Leadership for Ignoring Safety Issues
democracynow.org/2024/4/18/headlines/this_is_a_criminal_cover_up_boeing_whistleblowers_slam_leadership_for_ignoring_safety_issues
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Safran posts higher Q1 revenue, keeps financial targets: French jet engine maker Safran posted an 18.1% year-on-year increase in first-quarter revenue and ...
reuters.com/business/aerospace-defense/safran-posts-higher-q1-revenue-keeps-financial-targets-2024-04-26/
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Former JetBlue CEO Robin Hayes to lead Airbus in North America: Former JetBlue CEO Robin Hayes will take over the role of chairman and chief executive officer of ...
cnn.com/2024/04/22/business/former-jetblue-ceo-airbus-north-america/
New British nuclear submarine named HMS Agamemnon: Agamemnon - named after the ancient Greek king - is the sixth of seven Astute submarines being built by BAE ...
ukdefencejournal.org.uk/new-british-nuclear-submarine-named-hms-agamemnon/
🔊 Beleaguered Boeing faces tough investor questions as it reports results. Listen to @davidshepardson with insights on the planemaker's turbulent first quarter
reut.rs/4d9SrAB
Boeing, GKN Aerospace close deal for St. Louis site: Boeing said on Friday that it has closed a deal with aero supplier GKN Aerospace and its parent company ...
reuters.com/business/aerospace-defense/boeing-gkn-aerospace-close-deal-st-louis-site-2024-04-26/
Boeing expects slower increase in 787 production rate and deliveries, memo says: Boeing expects a slower increase in the production rate and deliveries of its ...
reuters.com/business/aerospace-defense/boeing-expects-slower-increase-787-rate-production-deliveries-memo-2024-04-22/
Large corporation announces job cuts and wants to close several plants: Thyssenkrupp Schulte has announced significant job cuts and also wants to close several ...
fr.de/wirtschaft/grosskonzern-kuendigt-stellenabbau-an-und-will-mehrere-werke-schliessen-zr-93033291.html
Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system: Aerospace and defense company Northrop Grumman is working with SpaceX ...
reut.rs/4aBz8OU
Brazil's Embraer delivers 25 jets in Q1; backlog hits 7-year high: Brazilian planemaker Embraer said on Friday it delivered 25 aircraft - seven commercial planes ...
reuters.com/business/aerospace-defense/brazils-embraer-delivers-25-jets-q1-backlog-hits-7-year-high-2024-04-19/
Brand-new Iberia Airbus A321XLR dressed in partial livery spotted for first time
aerotime.aero/articles/iberia-airbus-xlr-livery
Israel used all four tiers of its air defenses — and help from allies — to block Iran's mass drone and missile response on Israeli territory on April 13 ... Show more
How Israel’s Iron Dome protects its cities
How Israel’s Iron Dome protects its cities
Israel hit Iran with a half-ton 'Rampage' supersonic missile: report : Israeli media reported that Israel used a "Rampage" air-to-surface missile.
businessinsider.com/israel-hit-iran-with-half-ton-rampage-supersonic-missile-report-2024-4
'This is a criminal cover up': Ed Pierson, a former senior manager at Boeing, said the company continues to 'conceal the truth' about the safety of their ... Show more
reuters.com
reuters.com
Australia’s Ghost Shark Uncrewed Submarine Breaks Cover: The Ghost Shark is Australia’s ambitious extra-large autonomous undersea vehicle ...
twz.com/sea/australias-ghost-shark-large-uncrewed-submarine-breaks-cover
Sunak promises to boost UK defence spending by 2030: Prime Minister Rishi Sunak pledges to boost spending to 2.5% of GDP, putting the defence industry on a ‘war ...
aljazeera.com/news/2024/4/23/sunak-promises-to-boost-uk-defence-spending-by-2030
Quick Glance: Increase in UK defence spending by 2030
- Prime Minister Rishi Sunak commits to raising spending to 2.5% of GDP, putting the defence industry on a 'war footing'.
- Sunak emphasized the need for deeper stockpiles of munitions and quicker replenishment due to the events in the Ukraine conflict.
- The planned increase in defence spending would require significant financial reshuffling, partly through announced measures to reduce the size of the civil service.
- Shortly after announcing the pledge to send weapons worth 500 million pounds to Ukraine, this commitment followed.
Lufthansa and Eurowings among four airlines to back Europe with message on A320s
aerotime.aero/articles/lufthansa-eurowings-fuselage-message-europe
Redwheel backs Royal Mail owner's rejection of Kretinsky share offer: Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS' ...
reuters.com/markets/deals/redwheel-backs-royal-mail-owners-rejection-kretinsky-share-offer-2024-04-21/
Airbus, Rolls-Royce Close to $20 Billion Turkish Airlines Parts Deal: Turkish Airlines is set to sign an agreement with Rolls-Royce Holdings Plc and Airbus SE ...
bloomberg.com/news/articles/2024-04-17/airbus-rolls-royce-close-to-20-billion-turkish-airlines-parts-deal
Paid articlePaid
Boeing to face questions on potential CEO candidates, Spirit talks
reuters.com/business/aerospace-defense/boeing-face-questions-potential-ceo-candidates-spirit-talks-2024-04-22/
Emergency slide falls off Delta plane after takeoff: WASHINGTON - The emergency exit slide fell off a Delta Airlines jet after taking off from New York en route ...
straitstimes.com/world/united-states/emergency-slide-falls-off-delta-plane-after-takeoff
Guess what: Boeing can be spelled without G and E: Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the ...
reuters.com/breakingviews/guess-what-boeing-can-be-spelled-without-g-e-2024-04-17/
Alaska Air prioritizes quality, safety of Boeing products over production rate: Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX ...
reuters.com/business/aerospace-defense/alaska-air-prioritizes-quality-safety-boeing-products-over-production-rate-2024-04-18/
Boeing’s Spirit AeroSystems talks hit snag over Airbus: Boeing's plan to buy back supplier Spirit AeroSystems has become mired in protracted discussions over ...
bloomberg.com/news/articles/2024-04-23/boeing-bid-for-spirit-aerosystems-hits-snag-over-airbus-assets
Paid articlePaid
Amid schedule uncertainty, Boeing will shed workers on SLS rocket program: "Boeing is reviewing and adjusting current staffing levels."
arstechnica.com/space/2024/04/amid-schedule-uncertainty-boeing-will-shed-workers-on-sls-rocket-program/
United Airlines says Boeing to compensate for damages caused by MAX 9 grounding
reuters.com/business/aerospace-defense/united-airlines-says-boeing-will-compensate-financial-hit-caused-by-737-max-9-2024-04-17/
Quick Glance: United Airlines cuts 2024 aircraft delivery plan
- United Airlines has reduced its aircraft delivery expectations for the year due to Boeing delays.
- The company plans to lease 35 Airbus A321neos in 2026 and 2027.
- United Airlines incurred a $200 million loss due to the temporary grounding of the Boeing 737 Max 9 in January.
- The company exceeded Wall Street's expectations for the first quarter.
Airbus CFO says A350 plane production increase not tied to Boeing troubles: Airbus is ramping up production of its A350 aircraft because of consumer demand and ...
cnbc.com/2024/04/26/airbus-cfo-says-a350-plane-production-increase-not-tied-to-boeing-troubles.html
A380 from Etihad: The 3-room suite in the Superjumbo | is so luxurious: Etihad Airways is bringing its Airbus A380 back to New York from April 2024 after it was ...
businessinsider.de/wirtschaft/international-business/a380-von-etihad-so-luxurioes-ist-die-3-zimmer-suite-im-superjumbo/
Quick Glance: Etihad Introduces A380 on New Route
- Etihad Airways flight EY1 from Abu Dhabi to New York landed at John F. Kennedy International Airport, marking the start of the airline's A380 double-decker service including The Residence, a luxurious three-room suite in the sky.
- The decision to introduce the A380 on the popular New York route aligns with the strategy to meet growing customer demand and expand the network. This move comes shortly after the launch of the new route to Boston, Etihad's fourth US gateway, emphasizing the commitment to serve and expand in the North American market.
- The integration of the A380 significantly increases Etihad's capacity in the crucial US market and provides convenient connections to the wider Middle East and the Indian subcontinent.
- One of Etihad's two daily flights to New York will be operated by the A380, while the other will be serviced by a 787-9, offering First, Business, and Economy cabins.
Air China to Buy 100 Locally Made C919 Jets in $11 Billion Deal: Air China will buy 100 Comac C919 jets in a deal valued at $10.8 billion based on list prices ...
bloomberg.com/news/articles/2024-04-26/air-china-to-buy-100-locally-made-c919-jets-in-11-billion-deal
Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony
reut.rs/3VUBcgx
European airlines’ hot summer belies sector clouds: This summer, European airlines may find that fewer planes mean more profit. Airbus and Boeing’s supply chain ...
reuters.com/breakingviews/european-airlines-hot-summer-belies-sector-clouds-2024-04-23/
American Airlines Stock, Southwest Diverge. Boeing Casts Shadow Over Q1 Earnings.
investors.com/news/american-airlines-stock-southwest-airlines-stock-earnings/
Ferguson Marine complete section of new Royal Navy frigate: Sections of the future HMS Belfast were transported from Ferguson Marine’s yard in Port Glasgow to ...
ukdefencejournal.org.uk/ferguson-marine-complete-section-of-new-royal-navy-frigate/
A group of pro-Palestine activists block the entrance to the headquarters of Wallenstam in Stockholm, owners of the Israeli-based arms firm Elbit Systems ... Show more
Red Lobster could file for bankruptcy soon: Private deliberations are ongoing and a final decision has not yet been finalized
qz.com/red-lobster-chapter-11-bankruptcy-express-1851416906
Paid articlePaidQuick Glance: Red Lobster Considers Bankruptcy
- The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.
- Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.
- A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.
- Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
PowerColor's AMD Radeon RX 7800 XT hits its lowest-ever price of $469: The lowest price this graphics card has ever been; the PowerColor AMD Radeon RX 7800 XT ...
tomshardware.com/pc-components/gpus/powercolors-amd-radeon-rx-7800-xt-hits-its-lowest-ever-price-of-dollar469
Cebu Pacific unveils new A320neo as part of push for all-Airbus fleet by 2028 : The Philipine carrier Cebu Airlines has unveiled a brand-new A320neo as the ...
aerotime.aero/articles/cebu-pacific-airbus-delivery
Boeing prosecutors aim to decide on criminal charge by early June: The US Justice Department could decide by the first week of June whether to tear up its ...
dailymaverick.co.za/article/2024-04-25-boeing-prosecutors-aim-to-decide-on-criminal-charge-by-early-june/
Boeing claims no findings of fatigue on older 787 jets ahead of whistleblower testimony
reut.rs/3U0awsf
Aegean Airlines orders four Airbus A321neo's with extended range capabilities: Greece's largest carrier Aegean Airlines said on Wednesday that it will order four ...
reuters.com/business/aerospace-defense/aegean-airlines-orders-four-airbus-a321neos-with-extended-range-capabilities-2024-04-17/
Iron Dome, David’s Sling, Arrow: Israel’s air defense against Iran, explained: Israel’s air defense systems and a U.S.-led coalition intercepted 99 percent of ...
washingtonpost.com/world/2024/04/15/israel-air-defense-iron-dome-iran/
United Airlines says it's seeing robust demand for domestic and transatlantic flights, and a pickup in corporate travel spending ... Show more
United expects stronger quarterly earnings; cuts aircraft delivery estimates | Reuters
United expects stronger quarterly earnings; cuts aircraft delivery estimates | Reuters
German EV Motor Could Break Supply-Chain Deadlock: Innovative design promises high performance without rare-earth magnets
spectrum.ieee.org/ev-motor-rare-earth-free
Ryzen 9000, RTX 5000: Purchase plans 2024 - Take part in the survey
pcgameshardware.de/Umfrage-Thema-136900/News/Kaufplaene-2024-1446013/
Guess what: Boeing can be spelled without G and E: Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the ...
reut.rs/3xGMjQd
BAE Systems investigating explosion at its Welsh munitions site: Britain's BAE Systems said it was investigating the cause of an explosion at its munitions ...
reuters.com/business/aerospace-defense/bae-systems-investigating-explosion-its-welsh-munitions-site-2024-04-17/
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