Latest Aerospace and defense industry News

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...

Boeing tells airlines to check pilot seats after report that an accidental shift led plane to plunge

Mar. 15, 2024 16:20 PM EDT

Boeing is telling airlines to inspect switches on pilots' seats in its 787 Dreamliner jets after a published report said an accidental cockpit seat movement likely caused the sudden plunge of a LATAM Airlines plane flying to New Zealand. Boeing said Friday it recommended that...

French company Naval Group has been selected to build 4 new submarines for the Dutch navy

Mar. 15, 2024 11:23 AM EDT

THE HAGUE, Netherlands (AP) — French defense industry heavyweight Naval Group has been chosen to build four new diesel-electric submarines for the Dutch navy, the government announced Friday, in a provisional deal to replace three ageing Walrus Class subs. The Dutch government did...

Boeing promises changes after getting poor grades in a government audit of manufacturing quality

Mar. 12, 2024 21:12 PM EDT

Responding to a U.S. government audit, Boeing said Tuesday that it would work with employees found to have violated company manufacturing procedures to make sure they understand instructions for their jobs. The aircraft maker detailed its latest steps to correct lapses in quality in...

A former Boeing manager who raised safety concerns appears to have taken his own life, coroner says

Mar. 12, 2024 19:37 PM EDT

A former Boeing manager who raised safety questions about the aircraft maker has been found dead outside a hotel in South Carolina, according to local authorities. The body of John Barnett, 62, was found Saturday in a car outside a Holiday Inn, suffering from what the Charleston...

Stratolaunch conducts first powered flight of new hypersonic vehicle off California coast

Mar. 09, 2024 17:40 PM EST

LOS ANGELES (AP) — U.S. aerospace company Stratolaunch conducted the first powered test flight of a new unmanned craft for hypersonic research on Saturday and called it a success. Hypersonic describes flights at speeds of at least Mach 5, or five times the speed of sound. ...

Smith & Wesson: Fiscal Q3 Earnings Snapshot

Mar. 07, 2024 18:24 PM EST

SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Smith & Wesson Brands, Inc. (SWBI) on Thursday reported earnings of $7.9 million in its fiscal third quarter. The Springfield, Massachusetts-based company said it had profit of 17 cents per share. Earnings, adjusted for...

Texas approves land-swapping deal with SpaceX as company hopes to expand rocket-launch operations

Mar. 06, 2024 19:24 PM EST

MCALLEN, Texas (AP) — SpaceX would acquire public land in Texas to expand its rocket-launch facilities under a tentative deal that is moving forward after months of opposition from nearby residents and officials near the U.S.-Mexico border. The tentative land-swapping deal moved...

American Airlines to buy 260 new planes from Boeing, Airbus and Embraer to meet growing demand

Mar. 04, 2024 16:52 PM EST

DALLAS (AP) — American Airlines announced a massive order for new planes on Monday, splitting 260 new aircraft between Boeing, Airbus and Embraer in a move designed to meet growing travel demand and increase the airline's supply of premium seats. American said it placed options for...

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....