Tag: Aerospace and Defense

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.

July 24 (Reuters) – Textron Inc (TXT.N) raised its full-year adjusted earnings per share forecast on Thursday, as stronger pricing of business jets and military helicopters continues to offset inflationary costs and drive revenue growth in its Aviation segment.

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Bombardier said Wednesday it has a commitment from Airshare to order up to 20 additional Challenger 3500 aircraft, which will double the size of the Kansas City-based private aviation company’s Challenger fleet.

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LONDON, July 26 (Reuters) – Aero-engineer Rolls-Royce (RR.L) hiked its full-year operating profit forecast by around 45% on Wednesday after operational improvements, increased military spending and a recovery in long-haul flying delivered a stronger-than-expected first half.

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Boeing ‘s second-quarter earnings were good. What’s more, production is increasing. It’s a relief for investors. Shares were up in early trading.

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Second-quarter earnings at General Electric needed to be good. They didn’t disappoint.

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PARIS, July 25 (Reuters) – France’s Thales (TCFP.PA) said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion outside its historic defence business in the war against bots and hackers.

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July 25 (Reuters) – RTX Corp (RTX.N) said that a “significant portion” of its Pratt & Whitney GTF engines that power Airbus A320neo jets will need “accelerated removals and inspections” sending shares down 3% in premarket trading, as the company announced earnings on Tuesday.

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PARIS, July 21 (Reuters) – France’s Thales (TCFP.PA) upgraded its full-year revenue forecast after posting faster-than-expected growth for the first half on Friday, buoyed by a recovery in civil aerospace and growth in its digital identity and security business.

Defense companies in the U.S. have been successful in translating demand for air defense systems, missiles and other weapons into orders, triggered by the war in Ukraine and increasing tension in U.S.-China relations.

Spirit AeroSystems on Thursday will suspend factory production at its plant in Wichita, Kansas, the company said, after workers rejected a proposed four-year deal and announced a strike to begin on June 24.

Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier renews its fleet and looks ahead to demand through the 2030s.

French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports.