Latest Aerospace and defense industry News
Rebel group in Congo generates $300,000 monthly in seized mining area, UN official says
DAKAR, Senegal (AP) — A rebel group in Congo generates around $300,000 a month in revenue through its control of a mining area in the east of the country, a U.N. official said. In April, the M23 — a rebel group with alleged links to Rwanda — seized the Rubaya mining area in...
Lithuania signs a deal with a US defense company on ammo production
VILNIUS, Lithuania (AP) — Lithuania signed a deal with U.S. ammunition producer Northrop Grumman on Monday as it seeks to increase defense capabilities in the shadow of Russia's war in Ukraine. Prime Minister Ingrida Simonyte and Steve O’Bryan, the company's vice president, met...
Ukraine's Zelenskyy visits Pennsylvania ammunition plant to thank workers and ask for more
SCRANTON, Pa. (AP) — Under tight security, Ukrainian President Volodymyr Zelenskyy on Sunday visited a Pennsylvania ammunition factory to thank the workers who are producing one of the most critically needed munitions for his country's fight to fend off Russian ground forces. Rep....
Ukrainian President Zelenskyy will visit a Pennsylvania ammunition factory to thank workers
WASHINGTON (AP) — Ukrainian President Volodymyr Zelenskyy on Sunday will visit the Pennsylvania ammunition factory that is producing one of the most critically needed munitions for his country's fight to fend off Russian ground forces. He is expected to go to the Scranton Army...
Cards Against Humanity sues Elon Musk's SpaceX over alleged trespassing in Texas
The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas. In a lawsuit filed this week at a Texas court, Cards Against Humanity alleges SpaceX has essentially treated the...
FAA wants to fine SpaceX $633,000 for alleged safety violations during 2 Florida launches
CAPE CANAVERAL, FLa. (AP) — SpaceX faces $633,000 in fines for alleged safety violations during two Florida launches last year. The Federal Aviation Administration said Tuesday it’s proposing the civil penalties because of the company's alleged failure to follow licensing...
United Airlines will offer free internet on flights using service from Elon Musk's SpaceX
DALLAS (AP) — United Airlines has struck a deal with Elon Musk's SpaceX to offer satellite-based Starlink WiFi service on flights within the next several years. The airline said Friday the service will be free to passengers and allow them to connect multiple devices. ...
The Palestinian economy is in free fall and will require billions to rebuild, the UN says
GENEVA (AP) — The Palestinian economy is “in free fall,” the United Nations reported Thursday, with production in Gaza plunging to one-sixth of its level before Israeli forces began a blistering military response to the Oct. 7 attacks in the territory. The report from UN Trade...
Smith & Wesson: Fiscal Q1 Earnings Snapshot
SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Smith & Wesson Brands, Inc. (SWBI) on Thursday reported a loss of $2.1 million in its fiscal first quarter. On a per-share basis, the Springfield, Massachusetts-based company said it had a loss of 5 cents. Losses, adjusted...
Musk's Starlink backtracks and says it will comply with judge's order to block X in Brazil
SAO PAULO (AP) — Elon Musk’s satellite-based internet service provider Starlink backtracked Tuesday and said it will comply with a Brazilian Supreme Court justice's order to block the billionaire’s social media platform, X. Starlink said in a statement posted on X that it will...
