Latest Aerospace and defense industry News
Investigation reveals a Russian factory's plan to mix decoys with a new deadly weapon in Ukraine
KYIV, Ukraine (AP) — A high-tech factory in central Russia has created a new, deadly force to attack Ukraine: a small number of highly destructive thermobaric drones surrounded by huge swarms of cheap foam decoys. The plan, which Russia dubbed Operation False Target, is intended...
Operation False Target: How Russia plotted to mix a deadly new weapon among decoy drones in Ukraine
KYIV, Ukraine (AP) — At a secretive factory in Russia's central grasslands, engineers are manufacturing hundreds of decoy drones meant to overwhelm Ukrainian defenses as they try to protect against a horrific new weapon, an Associated Press investigation has found. The plant at...
Chinese and Philippine forces again avoid a clash in a fiercely disputed shoal under a rare deal
MANILA, Philippines (AP) — The Philippine navy transported food and other supplies to a territorial ship outpost in a shoal in the South China Sea without any confrontation with Chinese forces guarding the disputed area, officials said Friday. The Philippine delivery of supplies...
Air Industries: Q3 Earnings Snapshot
BAY SHORE, N.Y. (AP) — BAY SHORE, N.Y. (AP) — Air Industries Group (AIRI) on Thursday reported a loss of $404,000 in its third quarter. The Bay Shore, New York-based company said it had a loss of 12 cents per share. The maker of parts for the aerospace industry and...
Army says the US will restart domestic TNT production at plant to be built in Kentucky
FRANKFORT, Ky. (AP) — The U.S. Army awarded a $435 million contract on Friday to build a TNT production plant in western Kentucky that will become the first domestic source for the explosive material in decades, officials said. Senate Republican leader Mitch McConnell, a key player...
Embraer: Q3 Earnings Snapshot
SAO JOSE DOS CAMPOS, Brazil (AP) — SAO JOSE DOS CAMPOS, Brazil (AP) — Embraer SA (ERJ) on Friday reported profit of $178.8 million in its third quarter. On a per-share basis, the Sao Jose Dos Campos, Brazil-based company said it had net income of 97 cents. Earnings, adjusted for...
S&W Seed: Fiscal Q4 Earnings Snapshot
LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Friday reported a loss of $12.1 million in its fiscal fourth quarter. The Longmont, Colorado-based company said it had a loss of $5.31 per share. Losses, adjusted for non-recurring costs, were $2.95 per...
Jury orders Bell Helicopter to pay $16 million to former supplier in a trade-secrets case
FORT WORTH, Texas (AP) — A Texas jury ordered Bell Helicopter Textron to pay $16 million to a California company that claims Bell gave proprietary information that the companies developed to a rival supplier of cockpit display systems. The jury in state court in Fort Worth this...
Pentagon audit says Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000%
WASHINGTON (AP) — Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000% markup for simple lavatory soap dispensers, according to the Pentagon’s inspector general. The Defense Department's auditor reviewed prices paid for 46...
The leaders of India and Spain launch India's first private military aircraft plant
VADODARA, India (AP) — Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez inaugurated India's first private military aircraft plant on Monday, boosting New Delhi's ambitions of growing local manufacturing in its defense and aerospace industries. Sanchez...
