Latest Aerospace and defense industry News

As airplane makers struggle to meet demand, Morocco wants to become a manufacturing hub

Apr. 23, 2024 11:59 AM EDT

CASABLANCA, Morocco (AP) — Moroccan officials want to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers. The North African kingdom is among a longer list of countries vying for...

Lockheed: Q1 Earnings Snapshot

Apr. 23, 2024 07:36 AM EDT

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported first-quarter earnings of $1.55 billion. The Bethesda, Maryland-based company said it had net income of $6.39 per share. Earnings, adjusted for non-recurring gains, came to $6.33 per share....

The US military will begin plans to withdraw troops from Niger

Apr. 20, 2024 12:03 PM EDT

DAKAR, Senegal (AP) — The United States will begin plans to withdraw troops from Niger, U.S. officials said Saturday, in what experts say is a blow to Washington and its allies in the region in terms of staging security operations in the Sahel. The planned departure comes as U.S. officials said...

The US attempts a new military deal with Niger in a last ditch effort to stay

Apr. 19, 2024 12:45 PM EDT

DAKAR, Senegal (AP) — The United States is attempting to create a new military agreement with Niger that would allow it to remain in the country, weeks after the junta said its presence was no longer justified, two Western officials told The Associated Press Friday. The officials,...

U.S. and UK sanction Iranian firms involved in drone production in response to Tehran's attack on Israel

Apr. 18, 2024 09:32 AM EDT
WASHINGTON (AP) — U.S. and UK sanction Iranian firms involved in drone production in response to Tehran's attack on Israel.

Artist and curators refuse to open Israel pavilion at Venice Biennale until cease-fire, hostage deal

Apr. 16, 2024 16:39 PM EDT

VENICE, Italy (AP) — The artist and curators representing Israel at this year’s Venice Biennale announced on Tuesday they won't open the Israeli pavilion exhibit until there is a cease-fire in Gaza and an agreement to release hostages seized by Hamas on Oct. 7. Their decision,...

The US ambassador to Japan says boosting arms industry ties is key to a stronger security alliance

Apr. 16, 2024 10:53 AM EDT

TOKYO (AP) — The U.S. ambassador to Japan urged Tokyo on Tuesday to take a greater role in developing, producing and supplying weapons “to enhance our collective security" amid conflict in Ukraine, Gaza and elsewhere. The United States alone can no longer supply all democracies,...

China sanctions 2 US defense companies and says they support arms sales to Taiwan

Apr. 11, 2024 20:35 PM EDT

BEIJING (AP) — China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement...

Serbia says it's close to a deal to buy French-made fighter jets. That would be a shift from Russia

Apr. 09, 2024 14:17 PM EDT

BELGRADE, Serbia (AP) — Serbia is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets, the Serbian president announced Tuesday, in what would mark a shift from its traditional military supplier Russia. President Aleksandar Vucic spoke during his...

Spirit to defer Airbus plane deliveries, furlough 260 pilots this year

Apr. 08, 2024 10:34 AM EDT

Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday. Spirit said it came to an agreement with the European plane manufacturer to delay delivery of...