Tag: Aerospace and Defense

Oct 24 (Reuters) – RTX reported better-than-expected quarterly earnings on Tuesday, as strong performance at its Collins Aerospace business offset the hit it took due to a major quality crisis at engine making unit Pratt and Whitney.

Oct 24 (Reuters) – General Electric on Tuesday raised its full-year profit forecast for a third time this year after quarterly earnings topped Wall Street estimates on robust demand for jet engine parts and services and a better performance in its renewable business.

Oct 18 (Reuters) – Aerospace supplier Spirit AeroSystems said on Wednesday it had entered into a preliminary agreement with its largest customer Boeing  to achieve production stability at its factories and support higher deliveries.

LONDON, Oct 17 (Reuters) – Rolls-Royce said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to revamp one of Britain’s most prestigious engineering companies.

Lockheed Martin reported a miss in their aeronautics revenue segment within their third quarter earnings on Tuesday. Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand.

Oct 15 (Reuters) – Global demand for new business jets is expected to stay strong over the next decade, Honeywell (HON.O) said on Sunday, as the engine maker projected deliveries of about 8,500 new planes through 2033.

Delta Air Lines’ profit rose nearly 60% in the third quarter.

Company also says it expects third-quarter earnings per share to fall within or above prior range

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

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

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

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.

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.

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.

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

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 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.