Tag: Aerospace and Defense

Ryanair to cut flights this winter due to Boeing delivery delays

DUBLIN, Sept 28 (Reuters) – Ryanair ) announced cuts to its winter schedule on Thursday due to delays in the delivery of Boeing (BA.N) aircraft, but Europe’s largest airline by passenger numbers said its full-year traffic forecast was unaffected “as yet”.

Boeing Sees Jet Demand Soaring, Led by China. Here’s Why.

Boeing’s business is getting better. The commercial aerospace giant published its annual commercial market outlook Tuesday evening. The demand for new planes is higher than the company projected in its 2022 outlook. Travel demand from China is a big reason why.

Textron announces option to sell up to 1,500 Cessna Citation aircraft to NetJets

Textron Aviation and NetJets on Wednesday signed an agreement which would give the private jet firm owned by Berkshire Hathaway an option to buy up to 1,500 additional Cessna Citation business jets over the next 15 years.

Rocket Lab stock drops 25% after first launch failure in over two years

Rocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning.

GE Stock Jumped. There Is a Good Reason For That: Cash.

General Electric  stock jumped Thursday. Good news about cash and cash flow helped.

Biden Reveals Boeing’s $8 Billion 737 MAX Deal With Vietnam Air. The Stock Is Up.

Boeing sold more 737 MAX jets. Investors found out from the president. Boeing shares are getting a boost.

RTX warns of profit hit as 600-700 GTF engines to be removed for quality checks

Aerospace supplier RTX said on Monday 600 to 700 geared turbofan engines (GTF) will have to be removed for quality checks, which will result in a $3 billion to $3.5 billion pre-tax hit to its profit over the next several years.

Lockheed Martin trims F-35 jet delivery outlook after supplier delays

U.S. weapons maker Lockheed Martin cut its full-year delivery forecast for F-35 jets as delays at supplier L3Harris Technologies held up development of an upgraded version of the aircraft, the company said on Wednesday.

New Boeing 737 MAX supplier defect to delay aircraft deliveries

Boeing (BA.N) has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems (SPR.N) that has resulted in improperly drilled holes on the aft pressure bulkhead, the planemaker said on Wednesday.

Rolls-Royce’s turnaround delivers fivefold increase in profit

Aero-engineer Rolls-Royce on Thursday reported a strong recovery in profit as its new CEO’s turnaround plan gathers pace.

Northrop Grumman lifts annual forecasts on weapons demand

July 27 (Reuters) – Northrop Grumman (NOC.N) raised its full-year profit and revenue forecasts on Thursday, as the aerospace and defense major bets on strong weapon demand amid heightened geopolitical tensions.

Honeywell Beats Earnings Estimates. But the Stock Is Falling.

Honeywell International second-quarter earnings beat Wall Street expectations and the industrial company raised full-year financial guidance. The stock, however, was down in early trading.

Textron beats profit estimates on higher pricing of business jets

July 24 (Reuters) – Textron Inc (TXT.N) raised its full-year adjusted earnings per share forecast on Thursday, as stronger pricing of business jets and military helicopters continues to offset inflationary costs and drive revenue growth in its Aviation segment.


Bombardier Gets Order for Up to 20 Additional Challenger Aircraft From Airshare

Bombardier said Wednesday it has a commitment from Airshare to order up to 20 additional Challenger 3500 aircraft, which will double the size of the Kansas City-based private aviation company’s Challenger fleet.


Rolls-Royce leaps as airline and defence demand lifts profits

LONDON, July 26 (Reuters) – Aero-engineer Rolls-Royce (RR.L) hiked its full-year operating profit forecast by around 45% on Wednesday after operational improvements, increased military spending and a recovery in long-haul flying delivered a stronger-than-expected first half.


What a Surprise! Boeing Earnings Beat Wall Street Estimates

Boeing ‘s second-quarter earnings were good. What’s more, production is increasing. It’s a relief for investors. Shares were up in early trading.


GE Crushes Earnings Estimates and the Stock Rises. But That’s Not the Best Part.

Second-quarter earnings at General Electric needed to be good. They didn’t disappoint.


France’s Thales to buy Imperva in $3.6 bln cybersecurity deal

PARIS, July 25 (Reuters) – France’s Thales (TCFP.PA) said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion outside its historic defence business in the war against bots and hackers.


RTX says GTF engines powering A320neo aircraft need inspection

July 25 (Reuters) – RTX Corp (RTX.N) said that a “significant portion” of its Pratt & Whitney GTF engines that power Airbus A320neo jets will need “accelerated removals and inspections” sending shares down 3% in premarket trading, as the company announced earnings on Tuesday.


France’s Thales upgrades sales outlook after solid first half

PARIS, July 21 (Reuters) – France’s Thales (TCFP.PA) upgraded its full-year revenue forecast after posting faster-than-expected growth for the first half on Friday, buoyed by a recovery in civil aerospace and growth in its digital identity and security business.