Latest Aerospace and defense industry News

Hyundai's Supernal and Embraer-backed Eve Air Mobility see future in electric-powered air taxis

Feb. 22, 2024 02:05 AM EST

SINGAPORE (AP) — As the aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel -– air taxis. Hyundai’s Supernal and...

Los Angeles organizers hire 2 companies to sell tickets for 2028 Olympics

Feb. 21, 2024 16:08 PM EST

LOS ANGELES (AP) — Organizers for the 2028 Los Angeles Olympics have reached an agreement with two major companies to sell tickets for the games. The deal announced Wednesday involves Los Angeles-based AXS and Germany-based CTS EVENTIM forming a joint venture to promote, sell and...

Somalia's president accuses Ethiopia of trying to annex territory with Somaliland sea deal

Feb. 17, 2024 08:29 AM EST

Somali President Hassan Sheikh Mohamud accused Ethiopia on Saturday of trying to annex part of his country's territory by signing a sea access deal with the breakaway region of Somaliland. The agreement between Ethiopia and Somaliland signed Jan. 1 “is nothing more than annexing...

Poland's president meets Lockheed Martin CEO about further investment in military weapons

Feb. 14, 2024 13:47 PM EST

WARSAW, Poland (AP) — Poland’s president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment, the country's National Security Bureau said Wednesday. In a post on...

S&W Seed: Fiscal Q2 Earnings Snapshot

Feb. 14, 2024 08:12 AM EST

LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Wednesday reported a loss of $6.5 million in its fiscal second quarter. On a per-share basis, the Longmont, Colorado-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs,...

Chinese technology company lashes back at US claims it has ties to military

Feb. 09, 2024 04:49 AM EST

BANGKOK (AP) — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military. Hesai Technology’s core product is...

The top US aviation regulator says oversight of Boeing 'is not delivering safe aircraft'

Feb. 06, 2024 13:21 PM EST

The new chief of the Federal Aviation Administration said Tuesday that his agency is midway through a review of manufacturing at Boeing, but he already knows that changes must be made in how the government oversees the aircraft manufacturer. FAA Administrator Michael Whitaker...

A grainy sonar image reignites excitement and skepticism over Earhart's final flight

Jan. 31, 2024 13:20 PM EST

COLUMBIA, S.C. (AP) — A grainy sonar image recorded by a private pilot has reinvigorated interest in one of the past century’s most alluring mysteries: What happened to Amelia Earhart when her plane vanished during her flight around the world in 1937? Numerous expeditions have...

Czech government signs a deal with the US to acquire 24 F-35 fighter jets

Jan. 29, 2024 06:59 AM EST

PRAGUE (AP) — The Czech Republic’s government signed an agreement with the United States on Monday to acquire 24 U.S. F-35 fighter jets as part of a deal worth about 150 billion Czech koruna ($6.6 billion), the biggest single purchase for the Czech military. Czech Defense...

Iran executes 4 men convicted of planning sabotage and alleged links with Israel's Mossad spy agency

Jan. 29, 2024 01:42 AM EST

TEHRAN, Iran (AP) — Iran executed on Monday four men convicted of planning sabotage and alleged links with Israel's Mossad secret service, state media reported. The official IRNA news agency said the men were convicted of planning to target a factory in 2022 belonging to Iran’s...