Tag: Aerospace and Defense

GE Aerospace said on Wednesday it would invest nearly $1 billion in its U.S. factories and supply chain in 2025, as it looks to increase the use of new parts and materials in its operations.

Την είσοδο της ελληνικής βιομηχανίας στο ευρωπαϊκό εξοπλιστικό σχέδιο ReArm Europe στηρίζει ο Ευάγγελος Μυτιληναίος, πρόεδρος και διευθύνων σύμβουλος της Metlen.

Honeywell International struck a roughly $2.2 billion deal for pump-and-compressor maker Sundyne, extending the company’s brisk pace of dealmaking. 

.Investors piled into European arms manufacturer shares and punished long-dated government bonds on Monday, following the clearest sign yet the region’s leaders were racing to increase defence spending and help to secure peace in Ukraine.

President Donald Trump’s meeting with Ukraine President Volodymyr Zelensky on Friday didn’t go well. Defense stocks are getting a boost early Monday.

Rocket Lab  USA stock tumbled after the commercial space company reported fourth-quarter numbers that were very close to Wall Street’s expectations.

Industrial conglomerate Honeywell reported Q4 CY2024 results , with sales up 6.9% year on year to $10.09 billion. On the other hand, the company’s full-year revenue guidance of $40.1 billion at the midpoint came in 2.8% below analysts’ estimates. Its non-GAAP profit of $2.47 per share was 6.4% above analysts’ consensus estimates.

Aerospace and defense major RTX posted a rise in quarterly profit on Tuesday, as demand for its aircraft parts and repair services benefited from airlines flying older, maintenance-intensive planes to cope with a jet shortage.

Boeing reported on Tuesday an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.

Ryanair has been forced to cut its forecast for passenger numbers for a second time, as delivery delays from Boeing continue to dent its growth ambitions.

Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss due to the effects of the IAM (International Association of Machinists) work stoppage, alongside workforce reductions and changes to its defense business.

GE Aerospace on Thursday forecast a stronger profit this year after its fourth-quarter earnings topped Wall Street estimates as persistent shortages of new aircraft drove up demand for its high-margin parts and services.

Swedish defence equipment maker Saab expects to report 2024 organic sales growth of 23.4%, it said on Friday, above its previous outlook at the upper end of a 15-20% range.

Boeing is conducting more surprise inspections at its factories as part of a broader plan to prevent manufacturing snafus like the one that led to a jet-panel blowout on an Alaska Air flight a year ago. 

The Federal Aviation Administration’s tougher oversight of Boeing will continue indefinitely, the agency’s outgoing head said on Friday, nearly a year after a door panel missing four key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air.

Boeing shares fell sharply on Monday morning after South Korea’s acting president Choi Sang-mok ordered an emergency inspection of the country’s entire airline operations in the wake of the Jeju Air plane crash on Sunday that killed 179 people. 

Taiwan’s China Airlines Ltd. will order two dozen Boeing Co. and Airbus SE long-range passenger and air cargo jets as it seeks to renew its fleet of older planes.

Palantir Technologies, the artificial intelligence-software company whose biggest customer is the U.S. government, won new contracts with the Army worth up to $619 million. Shares are rising.

Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup.

Honeywell said on Friday it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.