Latest Aerospace and defense industry News
Boeing posts $8.4 billion loss on weaker demand for planes
Boeing closed out its worst year ever financially by losing $8.4 billion in the fourth quarter as the pandemic has undercut demand for planes, and the company announced another costly delay to its new large jetliner designed for long-haul flights. Most of Boeing's troubles over the past two years have swirled...
Starbucks, Boeing fall; Microsoft, Walgreens rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Walgreens Boots Alliance Inc., up $1.99 to $51.18. The drugstore chain named Starbucks executive Roz Brewer as its new CEO to succeed Stefano Pessina. Microsoft Corp., up 57 cents to $232.90. The software giant beat Wall...
Cable trouble dogs spacewalkers in European lab upgrades
CAPE CANAVERAL, Fla. (AP) — Spacewalking astronauts encountered cable trouble Wednesday while attempting to make improvements to the International Space Station’s European lab. Only one of the two lab upgrades was completely successful. NASA’s Mike Hopkins and Victor Glover installed a new...
Asian shares mixed following lackluster day on Wall Street
Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...
1st private space crew paying $55M each to fly to station
CAPE CANAVERAL, Fla. (AP) — The first private space station crew was introduced Tuesday: Three men who are each paying $55 million to fly on a SpaceX rocket. They'll be led by a former NASA astronaut now working for Axiom Space, the Houston company that arranged the trip for next January. “This is...
RIGHT AT HOME: Space-themed decor brings the heavens indoors
It was a tough year here on Earth, but 2020 was a bright spot for space exploration. SpaceX sent its futuristic Starship to new heights, three countries launched Mars missions, and robots grabbed debris from the moon and an asteroid. Next year promises more, including a planned launch of the Hubble Space...
US exploring new bases in Saudi Arabia amid Iran tensions
DUBAI, United Arab Emirates (AP) — The U.S. military is exploring the possibility of using a Red Sea port in Saudi Arabia and an additional two airfields in the kingdom amid heightened tensions with Iran, the military said Tuesday. While describing the work as "contingency" planning, the U.S. military said...
Greece, France sign $2.8 billion fighter jet deal
ATHENS, Greece (AP) — Greece signed a 2.3 billion-euro ($2.8 billion) deal with France on Monday to purchase 18 Rafale fighter jets, as tensions remain high with neighbor Turkey. Florence Parly, the French defense minister, signed the agreement in Athens to deliver 12 used and six new aircraft built by...
U of Louisiana-Lafayette mini-satellite zipping around Earth
LAFAYETTE, La. (AP) — A cubical satellite small enough to sit on the palm of your hand is zipping around the world and sending data about radiation to the Louisiana students who designed and built it. The satellite, called CAPE-3, carries a chip designed and built by students at the University of...
Lawsuit: NRA's rhetoric spurred deadly synagogue shooting
PITTSBURGH (AP) — The son of a couple killed in a Pittsburgh synagogue attack that killed 11 worshippers is suing the National Rifle Association, arguing the group’s inflammatory rhetoric led to the violence. Marc Simon, the son of Sylvan and Bernice Simon, filed the wrongful death lawsuit Thursday...
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