Latest Aerospace and defense industry News

The US attempts a new military deal with Niger in a last ditch effort to stay

Apr. 19, 2024 12:45 PM EDT

DAKAR, Senegal (AP) — The United States is attempting to create a new military agreement with Niger that would allow it to remain in the country, weeks after the junta said its presence was no longer justified, two Western officials told The Associated Press Friday. The officials,...

U.S. and UK sanction Iranian firms involved in drone production in response to Tehran's attack on Israel

Apr. 18, 2024 09:32 AM EDT
WASHINGTON (AP) — U.S. and UK sanction Iranian firms involved in drone production in response to Tehran's attack on Israel.

Artist and curators refuse to open Israel pavilion at Venice Biennale until cease-fire, hostage deal

Apr. 16, 2024 16:39 PM EDT

VENICE, Italy (AP) — The artist and curators representing Israel at this year’s Venice Biennale announced on Tuesday they won't open the Israeli pavilion exhibit until there is a cease-fire in Gaza and an agreement to release hostages seized by Hamas on Oct. 7. Their decision,...

The US ambassador to Japan says boosting arms industry ties is key to a stronger security alliance

Apr. 16, 2024 10:53 AM EDT

TOKYO (AP) — The U.S. ambassador to Japan urged Tokyo on Tuesday to take a greater role in developing, producing and supplying weapons “to enhance our collective security" amid conflict in Ukraine, Gaza and elsewhere. The United States alone can no longer supply all democracies,...

China sanctions 2 US defense companies and says they support arms sales to Taiwan

Apr. 11, 2024 20:35 PM EDT

BEIJING (AP) — China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement...

Serbia says it's close to a deal to buy French-made fighter jets. That would be a shift from Russia

Apr. 09, 2024 14:17 PM EDT

BELGRADE, Serbia (AP) — Serbia is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets, the Serbian president announced Tuesday, in what would mark a shift from its traditional military supplier Russia. President Aleksandar Vucic spoke during his...

Spirit to defer Airbus plane deliveries, furlough 260 pilots this year

Apr. 08, 2024 10:34 AM EDT

Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday. Spirit said it came to an agreement with the European plane manufacturer to delay delivery of...

Ukraine aims drones at an oil refinery and a drone factory in its deepest strike yet inside Russia

Apr. 02, 2024 15:41 PM EDT

KYIV, Ukraine (AP) — Ukrainian drones attacked one of Russia's biggest oil refineries and a drone factory in the Russian province of Tatarstan, officials said Tuesday, in what appeared to be Kyiv’s deepest strike inside Russian territory since the war began more than two years ago. ...

Air Industries: Q4 Earnings Snapshot

Apr. 01, 2024 16:20 PM EDT

BAY SHORE, N.Y. (AP) — BAY SHORE, N.Y. (AP) — Air Industries Group (AIRI) on Monday reported fourth-quarter net income of $181,000, after reporting a loss in the same period a year earlier. The Bay Shore, New York-based company said it had profit of 6 cents per share. ...

Ukraine ramps up spending on homemade weapons to help repel Russia

Mar. 27, 2024 11:01 AM EDT

KYIV, Ukraine (AP) — Ukraine needs any edge it can get to repel Russia from its territory. One emerging bright spot is its small but fast-growing defense industry, which the government is flooding with money in hopes that a surge of homemade weapons and ammunition can help turn the tide. ...