Tag: Aerospace and Defense

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.

British engine maker Rolls-Royce said the new CEO’s plan to boost the company’s profitability was moving “at pace”, and it was on track to meet 2023 forecasts, buoyed by cost savings and the ongoing travel recovery.