Latest Aerospace and defense industry News

Campbell, MongoDB rise; Smith & Wesson, AeroVironment fall

Dec. 07, 2022 16:28 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Mastercard Inc., down 11 cents to $347.42. The processor of debit and credit card payments raised its dividend and approved a $9 billion stock buyback program. ...

US approves $425 million in arms sales to Taiwan

Dec. 06, 2022 22:43 PM EST

WASHINGTON (AP) — The Biden administration on Tuesday signed off on two new significant arms sales to Taiwan in approvals that are sure to rankle China. The State Department said it had okayed sales worth more than $425 million of spare aircraft parts to support Taiwan's fleet of...

Ukraine leader defiant as drone strikes hit Russia again

Dec. 06, 2022 18:00 PM EST

KYIV, Ukraine (AP) — Drones struck inside Russia’s border with Ukraine on Tuesday in the second day of attacks exposing the vulnerability of some of Moscow’s most important military sites, experts said. Ukrainian officials did not formally confirm carrying out drone strikes...

Boeing's last 747 to roll out of Washington state factory

Dec. 06, 2022 16:27 PM EST

SEATTLE (AP) — After more than half a century, Boeing is set to roll its last 747 out of a Washington state factory on Tuesday. The jumbo jet — which has taken on numerous roles as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers and as the Air Force...

NRG Energy, Meta Platforms fall; Textron, Signet rise

Dec. 06, 2022 16:27 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Gitlab Inc., up $3.62 to $41.95. The software company reported strong third-quarter financial results. NRG Energy Inc., down $6.16 to $34.68 The...

Turkish missiles used in Syria include Europe-produced parts

Dec. 06, 2022 11:28 AM EST

BEIRUT (AP) — Commercial brakes produced by a Dutch company to be used in ambulances in Turkey instead ended up in missiles used by Turkey in attacks in northeastern Syria, a report released Tuesday said. Between September 2021 and June 2022, field investigators with London-based...

What's at stake as Trump Org. trial deliberations continue

Dec. 05, 2022 18:36 PM EST

NEW YORK (AP) — It’s one ballot former President Donald Trump would rather not be associated with: the verdict sheet at his company’s criminal tax fraud trial. Deliberations are set to spill into a second day Tuesday as jurors weigh charges that the Trump Organization helped...

NASA capsule flies over Apollo landing sites, heads home

Dec. 05, 2022 14:33 PM EST

CAPE CANAVERAL, Fla. (AP) — NASA’s Orion capsule and its test dummies swooped one last time around the moon Monday, flying over a couple Apollo landing sites before heading home. Orion will aim for a Pacific splashdown Sunday off San Diego, setting the stage for astronauts on...

Lockheed teams with Israel's Rafael on laser defense

Dec. 05, 2022 11:34 AM EST

JERUSALEM (AP) — U.S. weapons maker Lockheed Martin Corp. and Israeli defense contractor Rafael on Monday said they will team up to develop a high-energy laser system to defend against aerial attacks. The system will be based on “ Iron Beam,” a laser missile-defense system...

Report: Ukraine war ups arms sales but challenges lie ahead

Dec. 05, 2022 06:45 AM EST

STOCKHOLM (AP) — Global arms sales increased by nearly 2% in 2021, the seventh consecutive year of increases, an international arms sales watchdog noted Monday. It added that the war in Ukraine had increased demand for weapons this year, but the conflict may also lead to a supply...