industrial sector which manufactures weapons and military technology and equipment
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.
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/
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/
US to decide by late May if Boeing violated prosecution deal, sources say: U.S. Department of Justice officials are planning to decide as soon as late May ...
reut.rs/3wboLCz
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
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.
Southwest closing operations at 4 airports: Southwest is closing operations at four airports because of delivery delays for Boeing airliners ...
thehill.com/policy/transportation/4620933-southwest-closing-operations-four-airports/
Quick Glance: Southwest and American Airlines Face Financial Challenges
- Southwest Airlines, the largest carrier at San Antonio International Airport, will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.
- Southwest will also trim flights in Atlanta and at O’Hare International Airport to focus on more profitable locations, expecting to receive only 20 new 737 Max 8 jets from Boeing this year, down from the anticipated 46.
- CEO Robert Jordan stated Southwest was reacting quickly to address financial underperformance by slowing down hiring and asking employees to take time off.
- American Airlines, San Antonio’s second-largest carrier, reported a loss of $312 million as labor costs rose by 18%. The airline expects to return to profitability in the second quarter with earnings between $1.15 and $1.45 per share.
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
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
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/
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 @ReutersGraphics www.reuters.com/graphics/ISRAEL-PALESTINIANS/IRAN-DEFENCE/mypmkljzopr/
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 reut.rs/49HU4T2
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/
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.
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.
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/
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/
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 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/
United Airlines says it's seeing robust demand for domestic and transatlantic flights, and a pickup in corporate travel spending ... Show more reut.rs/4aDB2yr
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/
Boeing wants to have flying cars by 2030: A company executive revealed the plans in a new interview
qz.com/boeing-wisk-autonomous-flying-cars-asia-2030-1851420651
Charging electric cars at curbside stations is now possible in Cologne: Charging points integrated into curbs should not take up space in the city ...
heise.de/news/Elektroautos-Koeln-eroeffnet-Ladebordsteine-an-zwei-Standorten-9698272.html
West Asia crisis: US deploys ‘CHAMP’ missile that can FRY Iranian nuclear equipment
wionews.com/world/west-asia-crisis-us-deploys-champ-missile-that-can-fry-iranian-nuclear-equipment-713342
Premiere: thyssenkrupp delivers low-CO2 hot-rolled strip: Thyssenkrupp Hohenlimburg delivers first CO2-reduced coil to Waelzholz: (from left) Michele li Bergolis ...
wp.de/staedte/hagen/article242123906/Premiere-Thyssenkrupp-liefert-CO2-armes-Warmband-aus.html
AP PHOTOS: Aboard France's aging nuclear submarines — old boats but new missions: TOULOUSE, France (AP) — Once again, the oceans beckon for France’s veteran ...
apnews.com/article/nato-france-navy-submarine-photos-5251db6ce0af77f927c696e4bf0f526d
Asset manager VanEck's defence ETF attracts investors amid global conflicts: Fund manager VanEck's defence-industry focused exchange traded fund (ETF) has ...
reuters.com/business/aerospace-defense/asset-manager-vanecks-defence-etf-attracts-investors-amid-global-conflicts-2024-04-15/
Airbus plane had to return to Stansted due to filming damage: An Airbus turned back at 14,000ft after lighting caused window panes to fall out, investigators say ...
bbc.com/news/uk-england-essex-68854396
Boeing makes its largest-ever sustainable aviation fuel purchase : US planemaker Boeing has announced it has made its largest ever the largest sustainable ...
aerotime.aero/articles/boeing-makes-its-largest-ever-sustainable-aviation-fuel-purchase
China's latest supersonic spy drone looks a lot like Lockheed's D-21: China's new WZ-8 supersonic drone resembles the Lockheed D-21, a supersonic reconnaissance ...
businessinsider.com/china-supersonic-spy-drone-looks-like-lockheed-d21-2024-4
Focus: Czech arms maker CSG chief eyes place on global stage: Michal Strnad, who a decade ago became head of CSG, a family defence business ...
reuters.com/business/aerospace-defense/czech-arms-maker-csg-chief-eyes-place-global-stage-2024-04-14/
United Airlines jumps 14% as travel demand to drive bumper summer
reuters.com/business/aerospace-defense/united-airlines-jumps-after-results-beat-dramatically-low-expectations-2024-04-17/
Iran mounted an immense aerial attack on Israel on Saturday, launching more than 300 drones and missiles in retaliation for a deadly airstrike in Syria two ... Show more www.nytimes.com/live/2024/04/14/world/iran-israel-gaza-war-news
Embattled Boeing in spotlight as Congress calls whistleblower to testify about plane defects
go.france24.com/Y1i
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