Tag: Aerospace and Defense

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

NATO chief Mark Rutte congratulated Donald Trump on Wednesday for being elected president of the United States, and emphasised that members were increasing their military spending, a response to a persistent Trump criticism of the Western alliance.

Boeing has finally reached a deal with union employees to end a damaging strike, allowing the focus to shift to other significant issues, such as making more planes.

Palantir Technologies stock was climbing after the software company posted better-than-expected third-quarter financials and increased its guidance for the year. One analyst is concerned about where the beat came from

Boeing rose 2% before the bell on Friday after the U.S. planemaker bumped its wage hike offer to about 33,000 striking workers, its latest effort to end a damaging strike after two earlier contract offers were rebuffed by employees.

Boeing is selling stock to help repair its ailing balance sheet. Shares were up, a little, shortly after the announcement.

French jet engine maker Safran raised its profit forecast for the year even as supply bottlenecks forced it to lower its revenue predictions on Friday, buoyed by demand for profitable services on planes that are already flying.

Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker.

The industrial conglomerate on Thursday announced third-quarter adjusted earnings per share of $2.58 from sales of $9.7 billion. Wall Street was looking for earnings of $2.51 a share from sales of $9.9 billion.

U.S. defense company Northrop Grumman on Thursday raised its 2024 profit forecast for the second time, amid increased global defense spending prompted by conflicts in the Middle East and the protracted Russia-Ukraine war.

Boeing Co.’s stock was slightly lower Wednesday, after the troubled aerospace giant’s third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, weighing against a wider-than-expected loss.

German arms maker Rheinmetall will produce gun barrels in the UK as part of a sweeping new defence pact between Berlin and London aimed at deepening military co-operation and bolstering support for Ukraine.

RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for the second time, citing strong demand for aircraft repairs and defense systems, and reported better-than-expected quarterly earnings.

GE Aerospace reported better-than-expected quarterly earnings, and raised full-year financial guidance.

Tuesday morning, Lockheed reported third-quarter earnings per share of $6.80 from sales of $17.1 billion. Wall Street was looking for earnings per share of about $6.50 from sales of $17.4 billion, according to FactSet.

 Boeing is expected to book more than $1 billion in wage-related expenses from its proposed labor contract, analysts said, although its shares rose 4% on Monday on hopes of an end to a crippling strike.

Italian defence group Leonardo will finalise a joint venture with Germany’s Rheinmetall on Tuesday, its Chief Executive Roberto Cingolani said on Monday.

Boeing stock was retreating in premarket trading Monday after dropping some big news on Friday evening

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.