Latest Aerospace and defense industry News
Smith & Wesson: Fiscal Q1 Earnings Snapshot
SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Smith & Wesson Brands, Inc. (SWBI) on Thursday reported a loss of $2.1 million in its fiscal first quarter. On a per-share basis, the Springfield, Massachusetts-based company said it had a loss of 5 cents. Losses, adjusted...
Musk's Starlink backtracks and says it will comply with judge's order to block X in Brazil
SAO PAULO (AP) — Elon Musk’s satellite-based internet service provider Starlink backtracked Tuesday and said it will comply with a Brazilian Supreme Court justice's order to block the billionaire’s social media platform, X. Starlink said in a statement posted on X that it will...
Ethiopia is worried over a defense deal between Egypt and Somalia as tensions rise in Horn of Africa
MOGADISHU, Somalia (AP) — Ethiopia is increasingly concerned over a recent defense deal between Egypt and Somalia, two countries that Addis Ababa is embroiled in disputes with amid rising tensions in the Horn of Africa region. Cairo and Mogadishu earlier this month signed a...
Pennsylvania ammo plant boosts production of key artillery shell in Ukraine's fight against Russia
SCRANTON, Pa. (AP) — A Pennsylvania ammunition plant that makes a key artillery shell in Ukraine’s fight against Russia has managed to boost production by 50% to meet surging demand, with more capacity set to come on line. Government officials revealed the increase in production...
Flights returning to normal in Colombia as jet fuel shortage is resolved
BOGOTA, Colombia (AP) — The Colombian airlines Avianca and Latam Colombia said late Monday they will operate most of their flights Tuesday and resume full schedules Wednesday, after warning earlier they would have to cancel dozens of flights due to shortages of jet fuel. Avianca...
Drone attack kills at least 21 civilians in northern Mali, Tuareg-led group says
BAMAKO, Mali (AP) — Airstrikes on a village in northern Mali near the Algerian border Sunday killed 21 civilians, including 11 children, a spokesman for a coalition of Tuareg-majority pro-independence groups said. If confirmed, the attack on the village of Tinzaouatine would mark...
White House insists it is making progress on Gaza cease-fire as talks continue over the weekend
BUELLTON, Calif. (AP) — The White House said Friday that cease-fire talks in Cairo have been constructive and will continue over the weekend as the U.S. and Mideast allies continue to press Israel and Hamas to forge an agreement. CIA Director William Burns and Brett McGurk, a...
US official says Mideast mediators are preparing for implementation of cease-fire deal in advance
JERUSALEM (AP) — In a sign that mediators believe a Gaza cease-fire deal is imminent, a U.S. official said Friday that Mideast negotiators are working out logistics for the potential release of hostages and distribution of aid as part of any agreement to end the Israel-Hamas war. ...
Air Industries: Q2 Earnings Snapshot
BAY SHORE, N.Y. (AP) — BAY SHORE, N.Y. (AP) — Air Industries Group (AIRI) on Wednesday reported second-quarter net income of $298,000, after reporting a loss in the same period a year earlier. The Bay Shore, New York-based company said it had profit of 9 cents per share. ...
Boeing's new CEO visits factory that makes the 737 Max, including jet that lost door plug in flight
A new chief executive took over at Boeing on Thursday, and he began by walking the floor of the factory near Seattle that has become the heart of the aerospace giant's troubles. Robert “Kelly” Ortberg takes the helm of a money-losing company that has agreed to plead guilty to...
