Tag: Aerospace and Defense

AeroVironment will buy space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden its portfolio amid rising geopolitical tensions.

Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union official, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.

Shares of Palantir Technologies were higher in premarket trading Friday after the company said that it will transfer its stock to the Nasdaq Global Select Market. Shares rose 3.2% ahead of the morning bell to $61.10.

Intuitive Machines, Inc. reported third-quarter revenue that surpassed analyst expectations, while narrowing its full-year 2024 revenue guidance. The space exploration company’s stock edged up 0.85% following the results.

Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.

Bombardier’s third-quarter revenue beat analysts’ estimates on Thursday, helped by strong demand for business jet parts and repairs.

NATO chief Mark Rutte congratulated Donald Trump on Wednesday for being elected president of the United States, and emphasised that members were increasing their military spending, a response to a persistent Trump criticism of the Western alliance.

Boeing has finally reached a deal with union employees to end a damaging strike, allowing the focus to shift to other significant issues, such as making more planes.

Palantir Technologies stock was climbing after the software company posted better-than-expected third-quarter financials and increased its guidance for the year. One analyst is concerned about where the beat came from

Boeing rose 2% before the bell on Friday after the U.S. planemaker bumped its wage hike offer to about 33,000 striking workers, its latest effort to end a damaging strike after two earlier contract offers were rebuffed by employees.

Boeing is selling stock to help repair its ailing balance sheet. Shares were up, a little, shortly after the announcement.

French jet engine maker Safran raised its profit forecast for the year even as supply bottlenecks forced it to lower its revenue predictions on Friday, buoyed by demand for profitable services on planes that are already flying.

Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker.

The industrial conglomerate on Thursday announced third-quarter adjusted earnings per share of $2.58 from sales of $9.7 billion. Wall Street was looking for earnings of $2.51 a share from sales of $9.9 billion.

U.S. defense company Northrop Grumman on Thursday raised its 2024 profit forecast for the second time, amid increased global defense spending prompted by conflicts in the Middle East and the protracted Russia-Ukraine war.

Boeing Co.’s stock was slightly lower Wednesday, after the troubled aerospace giant’s third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, weighing against a wider-than-expected loss.

German arms maker Rheinmetall will produce gun barrels in the UK as part of a sweeping new defence pact between Berlin and London aimed at deepening military co-operation and bolstering support for Ukraine.

RTX on Tuesday raised its 2024 adjusted profit and sales forecasts for the second time, citing strong demand for aircraft repairs and defense systems, and reported better-than-expected quarterly earnings.

GE Aerospace reported better-than-expected quarterly earnings, and raised full-year financial guidance.

Tuesday morning, Lockheed reported third-quarter earnings per share of $6.80 from sales of $17.1 billion. Wall Street was looking for earnings per share of about $6.50 from sales of $17.4 billion, according to FactSet.