Latest Aerospace and defense industry News
Putin calls for resuming production of intermediate missiles after scrapping of treaty with US
MOSCOW (AP) — Russian President Vladimir Putin on Friday called for resuming production of intermediate-range missiles that were banned under a now-scrapped treaty with the United States. The Intermediate-Range Nuclear Forces treaty, or INF, which banned ground-based nuclear and...
A father who lost 2 sons in a Boeing Max crash waits to hear if the US will prosecute the company
As they travel around Alaska on a long-planned vacation, Ike and Susan Riffel stop now and then to put up stickers directing people to “Live Riffully.” It's a way for the California couple to honor the memories of their sons, Melvin and Bennett, who died in 2019 when a Boeing 737...
US sanctions Boeing for sharing information about 737 Max 9 investigation
Boeing is being sanctioned by U.S. investigators for sharing information about a federal investigation of a door plug blowout that left a gaping hole in a Boeing 737 Max 9. The National Transportation Safety Board said Thursday that Boeing “blatantly violated” the agency's...
A mechanic for a Boeing subcontractor says he was fired after complaining about poor repair work
SEATTLE (AP) — A mechanic for a Boeing subcontractor claims he was fired after complaining about poor repair work on planes in a Boeing factory near Seattle. Boeing says the man’s concerns did not raise safety issues. Lawyers for the mechanic said Wednesday that the man saw...
Lockheed Martin subsidiaries reach $70 million settlement for claims they overcharged Navy for parts
STRATFORD, Conn. (AP) — Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of Justice announced Friday. The federal agency says Sikorsky Support Services, based in Stratford,...
South Korea summons Russian ambassador as tensions rise with North Korea
SEOUL, South Korea (AP) — South Korea summoned the Russian ambassador to protest the country’s new defense pact with North Korea on Friday, as border tensions continued to rise with vague threats and brief, seemingly accidental incursions by North Korean troops. Earlier Friday,...
China sanctions several Lockheed Martin units, three executives over arms deals with Taiwan
BEIJING (AP) — China said Friday it has banned a number of business units of American aviation manufacturer Lockheed Martin Corp. and three of its executives over arms deals the company has signed with Taiwan, the self-ruling island it claims as its own territory. The statement...
Smith & Wesson: Fiscal Q4 Earnings Snapshot
SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Smith & Wesson Brands, Inc. (SWBI) on Thursday reported profit of $26.1 million in its fiscal fourth quarter. On a per-share basis, the Springfield, Massachusetts-based company said it had net income of 57 cents. Earnings,...
What's known, and not known, about the partnership agreement signed by Russia and North Korea
SEOUL, South Korea (AP) — Both Russian President Vladimir Putin and North Korean leader Kim Jong Un say a new strategic partnership is a breakthrough, but what it means for their relationship is still uncertain. The pact requires both countries to use all available means to provide...
Mutual defense pact between North Korea and Russia raises new questions, but it's far from unique
BANGKOK (AP) — A new mutual-defense pact signed by Russian President Vladimir Putin and North Korean leader Kim Jong Un commits each country to come to the other's aid if attacked. Just what the threshold for such assistance would be is currently unclear -- maybe deliberately so,...
