Aerospace industry
Sweden's Saab AB and Bombardier Inc. are in discussions to build the Saab Gripen fighter-jet in Canada, a potential move that could create thousands of jobs and mark a significant shift in North America's defense procurement landscape. According to Bombardier, the talks are under way after
Aerospace industry
European aerospace companies Airbus, Leonardo Spa, and Thales SA are pushing forward with plans to establish a joint satellite production entity, aiming to compete with global players like Elon Musk's Space Exploration Technologies Corp and growing Asian competitors. The proposed accord could be finalized this year, according to
Aerospace industry
The feud between Elon Musk and President Donald Trump has reignited concerns about the governance of space and global security. At the center of this debate is SpaceX, a space and satellite company that has become an industrial behemoth under Musk's leadership. With over 7,300 active satellites,
Aerospace industry
Government officials at NASA and the Pentagon are growing increasingly concerned over SpaceX's dominance in space transportation and Elon Musk's unpredictable behavior, which could have significant implications for national security and the safety of astronauts. The government's heavy reliance on SpaceX has raised concerns
Aerospace industry
Garmin, a leading provider of aviation technology, has been recognized as the top supplier in the Electrical & Electronic Systems category by Embraer, a leading aerospace manufacturer, for the tenth consecutive year. This honor marks an impressive milestone in Garmin's partnership with Embraer, with a total of 17
Aerospace industry
Edward Kirkland, a 31-year employee of the Atlanta Journal Constitution, passed away at the age of 89, leaving behind a legacy of service, family, and community dedication. Born in Kite, Georgia, Ed moved to Atlanta, where he spent his career as a printer and was an active member of the
Aerospace industry
Virgin Galactic Holdings, Inc., a pioneer in space tourism, has released its financial results for the second quarter of 2024, showcasing substantial progress on its Delta Class spaceship program. The company reported a strong cash position, with $821 million in cash, cash equivalents, and marketable securities as of June 30,
Aerospace industry
Astra Space, Inc. (Nasdaq: ASTR) has successfully closed its take-private transaction with Apogee Parent, Inc., a company formed by Astra's co-founder and CEO Chris Kemp, and co-founder and CTO Dr. Adam London. The transaction involves the acquisition of all outstanding shares of Astra's Class A common
Aerospace industry
Boeing, one of the world's largest aerospace companies, has announced plans to acquire Spirit AeroSystems, a leading manufacturer of commercial aircraft parts, for $8.3 billion in an all-stock transaction. The acquisition is set to reverse Boeing's longtime strategy of outsourcing key work on its passenger
Defence industry
France's Dassault Aviation appears to have finally broken the Rafale curse with the sale of 24 aircraft to Egypt, worth an estimated €5.2 billion. However, the same fate may have passed to the Eurofighter Typhoon programme, which is 33% owned by BAE Systems. BAE has warned that
Defence industries
Uncertainty remains in defence budget settlements, particularly in the US, but BAE Systems' chief executive, Ian King, believes earnings per share will be marginally higher than in 2014. Share prices have risen to near record highs, driven by a rising dividend and improving prospects for the company's
Defence industries
BAE Systems has secured a significant contract to provide Hindustan Aeronautics Ltd (HAL) with a comprehensive package for the Hawk Mk132 advanced jet trainer, worth GBP 18.5 million over five years. The package includes ground support equipment, spares, support, and training for the aircraft, in support of HAL'
