Tag: Aerospace and Defense

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”.

The state-owned flagship Dubai carrier, a subsidiary of Emirates Group, is ordering 55 additional Boeing 777-9s and 35 777-8s, bringing the airline’s total orders for the 777X widebody jets to 205 units.

Canada’s Bombardier reported third-quarter results on Thursday that beat analysts’ estimates, helped by robust demand for pricier business jets and strength in its aftermarket business.

Oct 31 (Reuters) – U.S. defense contractor Leidos Holdings on Tuesday raised its full-year profit and revenue forecasts on the back of strong weapons demand amid rising geopolitical tensions.

LONDON, Oct 27 (Reuters) – Shares in Air France-KLM fell as much as 8% to an all-time low on Friday as record third-quarter profits just missed expectations and some analysts worried about rising fuel costs and a lack of profit guidance for the fourth quarter.

Industrial firm Honeywell International -1.86% reported third-quarter earnings that beat estimates. Guidance was fine, too.

Oct 26 (Reuters) – U.S. defense company Northrop Grumman on Thursday raised its annual revenue target for the second time this year after its third-quarter earnings beat analysts’ estimates helped by strong weapons demand.

Boeing said Wednesday it will deliver fewer 737 Max aircraft than it expected this year.

Oct 25 (Reuters) – U.S. defense contractor General Dynamics (GD.N) beat Wall Street estimates on Wednesday, as buoyant military equipment demand helped overcome higher operating expenses.

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.