Tag: Aerospace and Defense

The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier.

Airbus reported lower monthly deliveries late on Wednesday, putting its annual production target under pressure as supply chain struggles continue to plague the industry.

Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.

Shares of industrial firm Honeywell International were rising early Tuesday after the company announced plans to shed a business.

Italian defence company Leonardo is looking at a dozen domestic and foreign companies for possible acquisitions in the cyber security sector, and could close some deals by the end of the year, its chief executive said on Tuesday.

Boeing Co. is considering raising at least $10 billion by selling new stock, as the planemaker seeks to replenish cash reserves depleted further by an ongoing strike, according to people familiar with the discussions.

The airline said it expects unit revenue to rise as much as 3% in the third quarter over the same period last year, up from a previous forecast of a decline of as much as 2%, helped in part by rebooking passengers who were originally flying airlines affected by July’s CrowdStrike outage.

Rocket Lab said on Thursday that the scheduled launch of its Electron rocket into space from a facility in New Zealand was aborted just prior to lift off due to issues with on ground support equipment.

Shares of space-exploration company Intuitive Machines are up more than 54% in premarket trades

A strike at Boeing “could go on for a while” as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday.

Boeing’s factory workers walked off the job after midnight on Friday, halting production of the company’s bestselling airplanes after staff overwhelmingly rejected a new labor contract

Boeing and the union that represents some 33,000 of its workers have struck a new labor deal, just days before a costly strike could have begun at the plane maker’s main factories.

Rolls-Royce shares were higher Tuesday, making up some of the previous session’s losses after Cathay Pacific
cancelled several flights upon discovering technical issues in aircraft utilizing the British manufacturer’s Trent XWB-97 engines.

Το σύνολο των επιβατών το χρονικό διάστημα Ιανουαρίου – Ιουλίου 2024 έφτασε τα 42.538.219, έναντι 38.833.074 επιβατών το αντίστοιχο χρονικό διάστημα Ιανουαρίου – Ιουλίου του 2023.

European defense contractors traded sharply lower on Monday after a report Germany would stop providing new military aid to Ukraine.

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon.

For the June quarter, Palantir posted revenue of $678 million, ahead of Wall Street’s consensus of $653 million as tracked by FactSet. Adjusted profit was 9 cents a share, above Wall Street’s 8-cent estimate.

Shares of Rolls-Royce jumped more than 11% to hit an all-time high on Thursday after the company reinstated its dividend and raised its profit forecast on the back of strong first-half results.

Boeing posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the U.S. planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.

Delta Air Lines CEO Ed Bastian said the carrier would take a $500 million hit related to the CrowdStrike outage, CNBC reported on Wednesday.