Latest Aerospace and defense industry News

FILE - In this Jan. 25, 2020, file photo a Boeing 777X airplane takes off on its first flight with the Olympic Mountains in the background at Paine Field in Everett, Wash. Boeing is reporting another huge loss, this one because of a setback to its 777X widebody jetliner. Boeing said Wednesday, Jan. 27, 2021, it lost $8.4 billion in the fourth quarter on weaker demand for planes during the pandemic. (AP Photo/Ted S. Warren, File)

Boeing posts $8.4 billion loss on weaker demand for planes

Jan. 27, 2021 4:19 PM EST

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

Jan. 27, 2021 4:13 PM EST

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...

In this image taken from NASA video, NASA astronaut Mike Hopkins works outside the International Space Station’s European lab on Wednesday, Jan. 27, 2021. Hopkins and Victor Glover went spacewalking Wednesday to install a high-speed data link outside the International Space Station’s European lab and connect cables for an experiment platform awaiting activation for almost a year. (NASA via AP)

Cable trouble dogs spacewalkers in European lab upgrades

Jan. 27, 2021 1:39 PM EST

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...

A woman cycles past by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 27, 2021. Stocks were mixed in Asia on Wednesday after a lackluster session on Wall Street. (AP Photo/Koji Sasahara)

Asian shares mixed following lackluster day on Wall Street

Jan. 26, 2021 11:59 PM EST

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...

This combination of photos provided by Axiom Space in January 2021 shows, from left, Larry Connor, Michael Lopez-Alegria, Mark Pathy and Eytan Stibbe. On Tuesday, Jan. 26, 2021, Axiom announced they will be the first private space station crew, a year ahead of the planned launch. (Courtesy Axiom Space via AP)

1st private space crew paying $55M each to fly to station

Jan. 26, 2021 1:15 PM EST

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...

This image provided by Jan Kath Design GmbH shows an outer space themed rug. German designer Jan Kath has created a rug collection called Spacecrafted inspired by imagery of gas clouds and asteroid nebulae from the Hubble telescope. (Dimo Feldmann/Jan Kath Design GmbH via AP)

RIGHT AT HOME: Space-themed decor brings the heavens indoors

Jan. 26, 2021 9:03 AM EST

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...

FILE - In this Feb. 20, 2020 file photo, a member of the U.S. Air Force stands near a Patriot missile battery at the Prince Sultan Air Base in al-Kharj, Saudi Arabia. The U.S. military is exploring the possibility using a Red Sea port in Saudi Arabia and an additional two airfields there amid heightened tensions with Iran, the military  said Tuesday, Jan. 26, 2021. (Andrew Caballero-Reynolds/Pool via AP, File)

US exploring new bases in Saudi Arabia amid Iran tensions

Jan. 26, 2021 7:48 AM EST

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...

Greek Prime Minister Kyriakos Mitsotakis, right, speaks with French Defense Minister Florence Parly, during their meeting in Athens on Monday Jan. 25, 2021. Greece signed a 2.3 billion euro ($2.8 billion) deal with France Monday to purchase 18 Rafale fighter jets to address tension with neighbor Turkey. (AP Photo/Petros Giannakouris)

Greece, France sign $2.8 billion fighter jet deal

Jan. 25, 2021 11:32 AM EST

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

Jan. 23, 2021 8:33 AM EST

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

Jan. 22, 2021 6:07 PM EST

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...