Tag: Aerospace and Defense

Lockheed Martin stock is stuck despite rising global threats creating demand for its fighter planes. The 2024 outlook offered on Tuesday should keep things just as they are for shares—stable—whether investors like it or not.

RTX  reported better-than-expected fourth-quarter earnings and gave solid guidance for 2024. The stock was up in early trading.

Boeing stock was falling Monday after the Federal Aviation Administration said that more door plugs—on a different version of the 737—should be inspected after one of the plugs blew out of a 737 MAX 9 jet operated by Alaska Air Group earlier this month.

Airplane maker Boeing got an order for an additional 150 737 MAX jets on Thursday. It could be seen as a vote of confidence in the company after a door plug blew out of an aircraft earlier this month.

Alaska Airlines  said on Wednesday it would cancel all flights on 737 MAX 9 jets through Saturday as it continues to wait for regulatory approvals to resume flying after a cabin panel blowout Boeing suggested was caused by a “quality” issue.

Boeing stock declined 0.8% to $227.20 in premarket trading. Spirit AeroSystems , which supplies fuselages to Boeing, slipped 0.4% after falling 11% on Monday. Alaska Air shares were down 1.1%. United Airlines rose 1.1%.

Shares of Boeing tumbled roughly 8% in premarket trading Monday, as investors digested the news that the Federal Aviation Administration had ordered airlines to ground dozens of Boeing 737 Max 9 aircraft for urgent inspections.

 All Boeing 737 MAX jets operated by Chinese carriers are back in service at the end of 2023, the U.S. planemaker’s China head said on Friday, nearly a year after they started returning following a global grounding in 2019.

 Boeing is set to restart deliveries of its 787 Dreamliner to China within days, a source told Reuters, a step that could pave the way for China to also end a more than four-year freeze on deliveries of Boeing’s profit-making 737 MAX.

Dec 19 (Reuters) – Lufthansa ordered 80 planes from Boeing and Airbus and agreed future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday.

Airbus said on Friday that Turkey’s national carrier Turkish Airlines is set to order an additional 220 of its aircraft.

Dec 12 (Reuters) – Britain’s BAE Systems has won an $8.8 billion contract to maintain and operate a U.S. Army ammunition plant in Tennessee, the U.S. Department of Defense (DoD) said on Tuesday.

Rheinmetall said that it has won a contract to carry out a modernization of the Austrian air defence system for 532 million euros.

 Hong Kong’s Cathay Pacific Airways  said on Friday it has placed a firm order to purchase six Airbus  A350 freighters with a list price of $2.71 billion, as it replaces its ageing Boeing 747 cargo jets.

CASABLANCA, Morocco, Dec 6 (Reuters) – The head of French jet engine maker Safran  said global supply chains are still struggling to shake off a series of external shocks and warned against setting unrealistic industrial targets as aviation tackles rising travel demand.

Rheinmetall received an order to supply Ukraine with artillery rounds worth around 142 million euros ($154.5 million), as demand for ammunition shows no sign of abating in a defense landscape significantly altered by Russia’s invasion of its neighbor.

Rolls-Royce said it would quadruple its profits in the next four years and sell its electric aircraft division as chief executive Tufan Erginbilgic tries to make good on his promise to turn around the UK aerospace company.

DUESSELDORF, Nov 21 (Reuters) – German arms company Rheinmetall expects sales of 13 billion to 14 billion euros ($14.18 billion to $15.27 billion) in revenue in 2026 and operating margins of more than 15%, it said on Tuesday in a presentation for an investor day.

Boeing Co. and Ethiopian Airlines said Tuesday the carrier agreed to an initial order 11 787 Dreamliner and 20 737 MAX airplanes or up to a maximum of 26 787s and 41 737 Max planes in what the companies described as the largest-ever purchase of Boeing airplanes in African history.

DUBAI, Nov 13 (Reuters) – An Airbus (AIR.PA) spokesperson said on Monday the planemaker and Turkish Airlines had reached an agreement in principle for a “significant commercial aircraft order”.