Tag: Aerospace and Defense

Honeywell Beats Q4 Sales Targets But Full-Year Sales Guidance Misses Expectations

Industrial conglomerate Honeywell reported Q4 CY2024 results , with sales up 6.9% year on year to $10.09 billion. On the other hand, the company’s full-year revenue guidance of $40.1 billion at the midpoint came in 2.8% below analysts’ estimates. Its non-GAAP profit of $2.47 per share was 6.4% above analysts’ consensus estimates.

RTX’s quarterly profit rises on strong demand for aircraft parts, repair

Aerospace and defense major RTX posted a rise in quarterly profit on Tuesday, as demand for its aircraft parts and repair services benefited from airlines flying older, maintenance-intensive planes to cope with a jet shortage.

Boeing reports $11.8-billion annual loss after crisis-ridden year

Boeing reported on Tuesday an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.

Ryanair blames Boeing delay as it cuts passenger forecast

Ryanair has been forced to cut its forecast for passenger numbers for a second time, as delivery delays from Boeing continue to dent its growth ambitions.

Boeing lost $3.5 billion due to labor strikes and layoffs in the fourth quarter

Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss due to the effects of the IAM (International Association of Machinists) work stoppage, alongside workforce reductions and changes to its defense business.

GE Aerospace forecasts upbeat 2025 profit on strong demand for parts, services

GE Aerospace on Thursday forecast a stronger profit this year after its fourth-quarter earnings topped Wall Street estimates as persistent shortages of new aircraft drove up demand for its high-margin parts and services.

Sweden’s Saab posts higher-than-expected 2024 organic sales growth

Swedish defence equipment maker Saab expects to report 2024 organic sales growth of 23.4%, it said on Friday, above its previous outlook at the upper end of a 15-20% range.

Boeing Adds More Surprise Quality Checks in Its Factories

Boeing is conducting more surprise inspections at its factories as part of a broader plan to prevent manufacturing snafus like the one that led to a jet-panel blowout on an Alaska Air flight a year ago. 

US FAA will maintain enhanced oversight of Boeing after door panel incident

The Federal Aviation Administration’s tougher oversight of Boeing will continue indefinitely, the agency’s outgoing head said on Friday, nearly a year after a door panel missing four key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air.

Boeing shares fall in wake of deadliest plane crash in South Korean history

Boeing shares fell sharply on Monday morning after South Korea’s acting president Choi Sang-mok ordered an emergency inspection of the country’s entire airline operations in the wake of the Jeju Air plane crash on Sunday that killed 179 people. 

China Airlines Orders Airbus, Boeing Jets in $11.9 Billion Deal

Taiwan’s China Airlines Ltd. will order two dozen Boeing Co. and Airbus SE long-range passenger and air cargo jets as it seeks to renew its fleet of older planes.

Palantir Stock Is Rebounding. Thank AI and the U.S. Army.

Palantir Technologies, the artificial intelligence-software company whose biggest customer is the U.S. government, won new contracts with the Army worth up to $619 million. Shares are rising.

Honeywell considers spinning off its aerospace business amid Elliott’s breakup push

Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup.

Honeywell to sell personal protective equipment business for $1.33 billion

Honeywell said on Friday it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.

Drone maker AeroVironment seeks lift from $4.1 bln deal for BlueHalo

AeroVironment will buy space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden its portfolio amid rising geopolitical tensions.

Boeing to lay off over 2,500 workers in US as part of sweeping cuts

Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union official, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.

Palantir Stock Rises in Premarket Ahead of Listing Migration to Nasdaq Stock Exchange

Shares of Palantir Technologies were higher in premarket trading Friday after the company said that it will transfer its stock to the Nasdaq Global Select Market. Shares rose 3.2% ahead of the morning bell to $61.10.

Intuitive Machines beats revenue estimates, narrows 2024 outlook

Intuitive Machines, Inc. reported third-quarter revenue that surpassed analyst expectations, while narrowing its full-year 2024 revenue guidance. The space exploration company’s stock edged up 0.85% following the results.

Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal

Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.

Bombardier’s quarterly revenue beats on services business boost

Bombardier’s third-quarter revenue beat analysts’ estimates on Thursday, helped by strong demand for business jet parts and repairs.