Tag: Aerospace and Defense

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.

Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.

German arms manufacturer Rheinmetall more than doubled operating profit in the second quarter, driven by a surge in defence spending as a result of Russia’s invasion of Ukraine.

Lockheed Martin reported second-quarter earnings that blew by Wall Street estimates.

Full-year outlooks for revenue growth, profit and free cash flow were raised

Leonardo  is working with France’s Thales and Airbus  on a joint strategy for the space sector, the head of the Italian aerospace and defence group said on Tuesday.

Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its projection fell short of analysts’ estimates as carriers discounted fares after expanding flights.

Boeing is to plead guilty to conspiracy to defraud the US government after it violated a deal struck with the Department of Justice in the wake of two deadly crashes involving its 737 Max aircraft, prosecutors said in a court filing on Sunday.

Boeing’s long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker’s search for a new CEO.

Boeing (BA.N), opens new tab agreed to buy back Spirit AeroSystems (SPR.N), opens new tab for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities in return for hundreds of millions of dollars of compensation following months of talks.