Latest Aerospace and defense industry News

Alliance to help Maine defense contractors that are struggling to fill jobs

Mar. 01, 2024 16:36 PM EST

SANFORD, Maine (AP) — While Americans lament the loss of good-paying manufacturing jobs, defense contractors are struggling to fill skilled positions that still exist in Maine and are key to the nation's defense. Defense contractors, community colleges and universities and the U.S....

A top EU official calls for a new defense industry strategy with locally made arms at its heart

Feb. 28, 2024 09:50 AM EST

BRUSSELS (AP) — A top European Union official called on Wednesday for a new defense industry strategy to respond to security challenges posed by Russia’s war on Ukraine with the purchase of weapons and ammunition made in Europe at its heart. The Russian invasion has exposed...

Boeing's safety culture falls short despite the company's efforts to fix it, according to experts

Feb. 26, 2024 18:30 PM EST

When it comes to safety culture at Boeing, there is a “disconnect” between senior management and workers, and employees responsible for checking the company's planes question whether they can raise issues without fear of retaliation, according to a panel of outside experts. The...

China's homegrown C919 jet in spotlight at Singapore air show, but not quite ready to compete

Feb. 26, 2024 04:44 AM EST

SINGAPORE (AP) — China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and Airbus. ...

Israel vows to target Lebanon's Hezbollah even if cease-fire reached with Hamas in Gaza

Feb. 25, 2024 18:11 PM EST

TEL AVIV, ISRAEL (AP) — Israel’s defense minister vowed Sunday to step up attacks on Lebanon’s Hezbollah militant group even if a cease-fire is reached with Hamas in the Gaza Strip. Hezbollah, which has been exchanging fire with Israel throughout the war in Gaza, has said it...

Hyundai's Supernal and Embraer-backed Eve Air Mobility see future in electric-powered air taxis

Feb. 22, 2024 02:05 AM EST

SINGAPORE (AP) — As the aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel -– air taxis. Hyundai’s Supernal and...

Los Angeles organizers hire 2 companies to sell tickets for 2028 Olympics

Feb. 21, 2024 16:08 PM EST

LOS ANGELES (AP) — Organizers for the 2028 Los Angeles Olympics have reached an agreement with two major companies to sell tickets for the games. The deal announced Wednesday involves Los Angeles-based AXS and Germany-based CTS EVENTIM forming a joint venture to promote, sell and...

Somalia's president accuses Ethiopia of trying to annex territory with Somaliland sea deal

Feb. 17, 2024 08:29 AM EST

Somali President Hassan Sheikh Mohamud accused Ethiopia on Saturday of trying to annex part of his country's territory by signing a sea access deal with the breakaway region of Somaliland. The agreement between Ethiopia and Somaliland signed Jan. 1 “is nothing more than annexing...

Poland's president meets Lockheed Martin CEO about further investment in military weapons

Feb. 14, 2024 13:47 PM EST

WARSAW, Poland (AP) — Poland’s president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment, the country's National Security Bureau said Wednesday. In a post on...

S&W Seed: Fiscal Q2 Earnings Snapshot

Feb. 14, 2024 08:12 AM EST

LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Wednesday reported a loss of $6.5 million in its fiscal second quarter. On a per-share basis, the Longmont, Colorado-based company said it had a loss of 15 cents. Losses, adjusted for non-recurring costs,...