Tag: Aerospace and Defense

U.S. senators on Tuesday attacked the CEO of Boeing for the planemaker’s tarnished safety record, overshadowing his apology to families who lost loved ones in two 737 MAX crashes and acceptance of responsibility after a January mid-air emergency.

Boeing CEO Dave Calhoun will testify before a Senate panel on Tuesday about the company’s safety and manufacturing crises after a door panel blew out of a nearly new 737 Max 9 jet in January.

Boeing stock is wobbling, a little, after it disclosed a new quality problem with its 787 Dreamliner jets.

Vista Outdoor disclosed a more than $2 billion offer for its sporting-goods business, the latest development in the continuing bidding war and rejected MNC Capital’s latest proposal.

The German army intends to order 200,000 more artillery shells from armsmaker Rheinmetall than it had planned, a letter seen by Reuters on Tuesday from the Defence Ministry to parliament’s budget committee.

Vista Outdoor once again rejected a bid from MNC Capital and further recommended a deal between Vista and Czechoslovak Group.

Italian shipbuilder Fincantieri is set to buy Leonardo’s submarine business, known as Whitehead Alenia Sistemi Subacquei (WASS), in a deal expected to be announced later on Thursday, two sources close to the situation said.

Leonardo shares edged higher Wednesday after the Italian aerospace-and-defense group posted orders and earnings above analysts’ expectations for the first quarter, led by growth at its core defense electronics and security business as geopolitical tensions persist.

Palantir shares fell as much as 7% in extended trading on Monday after the defense-technology firm reported weaker-than-expected guidance.

Huntington Ingalls reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.

Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.

Boeing reported a narrower loss and lower cash burn than analysts feared.

GE Aerospace reported a confusing quarter Tuesday morning that still included results from GE Vernova.

Lockheed Martin beat Wall Street’s first-quarter sales and earnings estimates in a strong start to 2024.

Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates, helped by demand for missile defense systems and strength in the commercial aftermarket business.

Lithuania signed a protocol of intention with Germany’s Rheinmetall on Tuesday to build an ammunition factory in the Baltic state, the country’s government said on Tuesday.

 Lockheed Martin said on Thursday it had won a contract worth up to $4.1 billion from the U.S. government’s Missile Defense Agency to continue the development of its battle command system.

Delta swung to a profit in the first quarter with record sales for the period.

General Electric on Tuesday completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.

Czech gunmaker Colt CZ Group said on Tuesday it had sold all its shares in U.S. sporting and outdoor products group Vista Outdoor after a rejected bid last year, as it turned focus to its planned acquisition of another group.