Latest Aerospace and defense industry News
Israel's borders have shifted throughout its history. Action in Syria may reshape them again
JERUSALEM (AP) — Israel's prime minister, Benjamin Netanyahu, entered Syrian territory Tuesday and said Israeli troops would remain in the area indefinitely, blurring the border with its northern neighbor. Since its establishment in 1948, Israel has never had fully recognized...
Negotiators say Israel and Hamas are inching toward a ceasefire deal. This is what it may look like
After months of deadlock, Israel and Hamas appear to be moving closer toward a ceasefire to end their 14-month war. Top officials from the U.S., Qatar and Egypt have resumed their mediation efforts in recent weeks and reported greater willingness by the warring sides to wrap up a...
Rwanda and Congo cancel peace talks to end a conflict in eastern Congo
GOMA, Congo (AP) — Planned face-to-face peace talks between Congo and Rwanda have been unexpectedly canceled, the Congolese president said. Congo’s President Felix Tshisekedi and Rwanda’s President Paul Kagame were set to meet Sunday in Angola, which has been mediating the...
SpaceX wants to make Starbase a new Texas city. Here's how it could happen
McALLEN, Texas (AP) — In the decade since SpaceX arrived on the Texas coast, billionaire Elon Musk's company has created thousands of jobs near the Mexico border, launched rockets and sprung up new homes — all around an area dubbed Starbase. Now SpaceX wants to make Starbase a...
Companies from UK, Italy and Japan to form joint venture for new fighter jet
LONDON (AP) — The three companies building a next generation fighter jet for the U.K., Italy and Japan revealed Friday that they are forming a joint venture to deliver the aircraft. Under the agreement, Britain's BAE Systems, Italy's Leonardo and Japan Aircraft Industrial...
France flies out 2 Mirage fighter jets from Chad to signal beginning of military withdrawal
PARIS (AP) — France flew out the two Mirage fighter jets it had stationed in Chad on Tuesday, signaling the beginning of its withdrawal of military forces from the former French colony in central Africa that last month broke off its defense cooperation agreement with Paris. Chad...
Hundreds of people in Chad protest against the French military presence in the country
N’DJAMENA, Chad (AP) — Hundreds of people marched in Chad on Friday to call for the withdrawal of French troops from the country, a week after the Central African country ended a military agreement with its former colonial ruler. Protesters in the capital, N’Djamena, chanted...
Smith & Wesson: Fiscal Q2 Earnings Snapshot
MARYVILLE, Tenn. (AP) — MARYVILLE, Tenn. (AP) — Smith & Wesson Brands, Inc. (SWBI) on Thursday reported net income of $4.1 million in its fiscal second quarter. The Maryville, Tennessee-based company said it had profit of 9 cents per share. Earnings, adjusted for one-time...
Arms producers saw revenue up in 2023 with the wars in Ukraine and Gaza, a new report says
STOCKHOLM, Sweden (AP) — Major companies in the arms industry saw a 4.2% increase in overall revenue in 2023 with sharp rises for producers based in Russia and the Middle East, a new report said Monday. The report by the Stockholm International Peace Research Institute, or SIPRI,...
Israeli strikes hit southern Lebanon, but tense ceasefire holds
TYRE, Lebanon (AP) — Israeli jets Sunday launched an airstrike over a southern Lebanese border village, while troops shelled other border towns and villages still under Israeli control, Lebanon's state-run National News Agency reported. The attacks come days after a US-brokered...
