Latest Aerospace and defense industry News

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. ...

New Mexico regulators worry about US plans to ship radioactive waste back from Texas

Mar. 26, 2024 17:46 PM EDT

ALBUQUERQUE, N.M. (AP) — Federal officials gathered Tuesday in southern New Mexico to mark the 25th anniversary of the nation’s only underground repository for radioactive waste resulting from decades of nuclear research and bomb making. Carved out of an ancient salt formation...

$3 billion deal with the UK gets Australia closer to having a fleet of nuclear-powered submarines

Mar. 22, 2024 01:14 AM EDT

SYDNEY (AP) — Australia is set to provide 4.6 billion Australian dollars ($3 billion) to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time, the two countries said Friday. The announcement came a day after the two...

Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes

Mar. 21, 2024 14:19 PM EDT

The heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems that have gained attention since a panel blew out of an Alaska Airlines jetliner in January, people familiar with the situation said Thursday. ...

Embraer: Q4 Earnings Snapshot

Mar. 18, 2024 08:24 AM EDT

SAO JOSE DOS CAMPOS, Brazil (AP) — SAO JOSE DOS CAMPOS, Brazil (AP) — Embraer SA (ERJ) on Monday reported earnings of $192.6 million in its fourth quarter. On a per-share basis, the Sao Jose Dos Campos, Brazil-based company said it had profit of $1.05. Earnings, adjusted for...