Latest Aerospace and defense industry News
Saudi Arabia's national carrier orders more than 100 new Airbus jets as it ramps up tourism push
Saudi Arabia's national airline ordered more than 100 new Airbus jets, a reflection of the kingdom's ambitious drive to lure more tourists. Saudia Group, which represents the Saudia airline and its budget carrier Flyadeal, said Monday that it ordered 105 aircraft from the French...
Ed Dwight, America's first Black astronaut candidate, finally goes to space 60 years later
VAN HORN, Texas (AP) — Ed Dwight, America’s first Black astronaut candidate, finally rocketed into space 60 years later, flying with Jeff Bezos’ rocket company on Sunday. Dwight was an Air Force pilot when President John F. Kennedy championed him as a candidate for NASA’s...
China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales
BEIJING (AP) — China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years...
Elon Musk launches Starlink satellite internet service in Indonesia, world's largest archipelago
DENPASAR, Indonesia (AP) — Elon Musk traveled to Indonesia’s resort island of Bali on Sunday to launch Starlink satellite internet service in the world’s largest archipelago nation. Wearing a green Batik shirt, Musk was greeted with a garland of flower petals at a community...
S&W Seed: Fiscal Q3 Earnings Snapshot
LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Tuesday reported a loss of $5.5 million in its fiscal third quarter. On a per-share basis, the Longmont, Colorado-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, were...
Long-haul carrier Emirates sees $4.7 billion profit in 2023 as airline takes flight after pandemic
DUBAI, United Arab Emirates (AP) — The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai's government,...
Embraer: Q1 Earnings Snapshot
SAO JOSE DOS CAMPOS, Brazil (AP) — SAO JOSE DOS CAMPOS, Brazil (AP) — Embraer SA (ERJ) on Tuesday reported first-quarter earnings of $28.7 million. The Sao Jose Dos Campos, Brazil-based company said it had net income of 16 cents per share. Losses, adjusted for non-recurring...
China publicizes for the first time what it claims is a 2016 agreement with Philippines
TAIPEI, Taiwan (AP) — For the first time, China has publicized what it claims is an unwritten 2016 agreement with the Philippines over access to South China Sea islands. The move threatens to further raise tensions in the disputed waterway, through which much of the world's trade...
US says it will return to Chad for talks to keep troops in the country
ACCRA, Ghana (AP) — The U.S. military plans to return to Chad within a month for talks about revising an agreement that allows it to keep troops based there, an American general said Wednesday. The U.S. said last month it was withdrawing most of its contingent of about 100 troops...
Biden administration details how producers of sustainable aviation fuel will get tax credits
The Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production of sustainable aviation fuel and help curb fast-growing emissions from commercial airplanes. The Treasury Department actions would clear the way for tax credits for corn-based ethanol...
