Latest Aerospace and defense industry News
Smith & Wesson: Fiscal Q2 Earnings Snapshot
SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Smith & Wesson Brands, Inc. (SWBI) on Thursday reported earnings of $2.5 million in its fiscal second quarter. On a per-share basis, the Springfield, Massachusetts-based company said it had net income of 5 cents. Earnings,...
Air Industries: Q3 Earnings Snapshot
BAY SHORE, N.Y. (AP) — BAY SHORE, N.Y. (AP) — Air Industries Group (AIRI) on Wednesday reported a loss of $1.3 million in its third quarter. The Bay Shore, New York-based company said it had a loss of 40 cents per share. The maker of parts for the aerospace...
YouTuber who staged California plane crash gets 6 months in prison for obstructing investigation
LOS ANGELES (AP) — An influencer who staged a California plane crash to make a YouTube video of himself parachuting to safety was sentenced Monday to six months in federal prison for obstructing the investigation by destroying the wreckage, the U.S. Justice Department. Trevor...
Niger’s junta revokes key security agreements with EU and turns to Russia for defense partnership
ABUJA, Nigeria (AP) — Niger’s junta on Monday scrapped two key military agreements that the West African nation signed with the European Union to help fight the violence in Africa’s Sahel region as the country's army leaders and a senior Russian defense official discussed military...
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
STOCKHOLM (AP) — Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment, a watchdog group said Monday, adding that labor shortages, soaring costs and supply chain disruptions had been exacerbated by Russia’s...
Pentagon forges new high-tech agreement with Australia, United Kingdom, aimed at countering China
MOUNTAIN VIEW, California (AP) — From underwater drones to electronic warfare, the U.S. is expanding its high-tech military cooperation with Australia and the United Kingdom as part of a broader effort to counter China’s rapidly growing influence in the Indo-Pacific. Defense...
Mali's government will probe Tuareg rebel leaders as crucial 2015 peace deal appears to crumble
BAMAKO, Mali (AP) — Mali's military government has announced an investigation into the Tuareg rebel leaders who signed a peace agreement in 2015 and now accuse the government of failing to comply with it, as experts worry that the deal crucial to establishing a measure of stability in the...
Seoul warns North Korea not to launch spy satellite and hints 2018 military deal could be suspended
SEOUL, South Korea (AP) — South Korea’s military warned North Korea not to go ahead with its planned spy satellite launch, suggesting Monday that Seoul could suspend an inter-Korean agreement to reduce tensions and resume front-line aerial surveillance in response. North Korea...
Long-haul carrier Emirates announces $52 billion aircraft buy from Boeing as Dubai Air Show opens
DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show on Monday with a $52 billion purchase of Boeing Co. aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. ...
S&W Seed: Fiscal Q1 Earnings Snapshot
LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Thursday reported a loss of $6 million in its fiscal first quarter. The Longmont, Colorado-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring costs, were 11 cents per...
