Latest Aerospace and defense industry News

Families of Marines killed in 2022 Osprey crash sue aircraft manufacturers Boeing, Bell, Rolls Royce

May. 23, 2024 19:18 PM EDT

WASHINGTON (AP) — Families of four of the five Marines killed when their Osprey crashed in California in June of 2022 filed a federal lawsuit Thursday alleging that the aircraft's manufacturers failed to address known mechanical failures that led to the deaths. The Marines were...

China sanctions US defense-related companies and executives over Russia, Taiwan

May. 22, 2024 12:18 PM EDT

BEIJING, China (AP) — China on Wednesday sanctioned 12 U.S. defense-related companies and 10 executives over arms sales to Taiwan in retaliation for earlier American sanctions on Chinese companies tied to Russia. The entities include units of Lockheed Martin, Raytheon, General...

Saudi Arabia's national carrier orders more than 100 new Airbus jets as it ramps up tourism push

May. 20, 2024 22:52 PM EDT

Saudi Arabia's national airline ordered more than 100 new Airbus jets, a reflection of the kingdom's ambitious drive to lure more tourists. Saudia Group, which represents the Saudia airline and its budget carrier Flyadeal, said Monday that it ordered 105 aircraft from the French...

Ed Dwight, America's first Black astronaut candidate, finally goes to space 60 years later

May. 20, 2024 04:08 AM EDT

VAN HORN, Texas (AP) — Ed Dwight, America’s first Black astronaut candidate, finally rocketed into space 60 years later, flying with Jeff Bezos’ rocket company on Sunday. Dwight was an Air Force pilot when President John F. Kennedy championed him as a candidate for NASA’s...

China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales

May. 19, 2024 23:00 PM EDT

BEIJING (AP) — China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years...

Elon Musk launches Starlink satellite internet service in Indonesia, world's largest archipelago

May. 19, 2024 07:55 AM EDT

DENPASAR, Indonesia (AP) — Elon Musk traveled to Indonesia’s resort island of Bali on Sunday to launch Starlink satellite internet service in the world’s largest archipelago nation. Wearing a green Batik shirt, Musk was greeted with a garland of flower petals at a community...

S&W Seed: Fiscal Q3 Earnings Snapshot

May. 14, 2024 08:18 AM EDT

LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Tuesday reported a loss of $5.5 million in its fiscal third quarter. On a per-share basis, the Longmont, Colorado-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, were...

Long-haul carrier Emirates sees $4.7 billion profit in 2023 as airline takes flight after pandemic

May. 13, 2024 07:22 AM EDT

DUBAI, United Arab Emirates (AP) — The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai's government,...

Embraer: Q1 Earnings Snapshot

May. 07, 2024 08:00 AM EDT

SAO JOSE DOS CAMPOS, Brazil (AP) — SAO JOSE DOS CAMPOS, Brazil (AP) — Embraer SA (ERJ) on Tuesday reported first-quarter earnings of $28.7 million. The Sao Jose Dos Campos, Brazil-based company said it had net income of 16 cents per share. Losses, adjusted for non-recurring...

China publicizes for the first time what it claims is a 2016 agreement with Philippines

May. 03, 2024 09:46 AM EDT

TAIPEI, Taiwan (AP) — For the first time, China has publicized what it claims is an unwritten 2016 agreement with the Philippines over access to South China Sea islands. The move threatens to further raise tensions in the disputed waterway, through which much of the world's trade...