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Defense Aerospace & Defense

  • *STOXX Europe 600 index down 0.4 pct. LONDON, Feb 16- European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham. Cobham led the STOXX 600 lower after slumping 15.3 to its lowest level since August 2005.

  • PARIS, Feb 16- Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran's agreed bid for seats manufacturer Zodiac Aerospace. But we are not looking to act in concert with them, "said TCI partner Jonathan Amouyal, speaking to Reuters by telephone.

  • BENGALURU, India, Feb 16- U.S. defence company Lockheed Martin said on Thursday that talks were taking place between the United States and the Indian government over its offer of setting up a factory to produce F-16 fighter planes in India. Lockheed is pushing ahead with its proposal to transfer the F-16 production line to India to supply the Indian air force, but...

  • LONDON, Feb 16- British engineer Cobham said it would have to take drastic action to turn around its fortunes after cutting its profit forecast for the fifth time in 15 months and warning 2017 could get even worse, wiping as much as a fifth off its market value. "Investors are ditching the stock as it looks like the problems at Cobham go further than anyone realised,"...

  • LONDON, Feb 16- European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham. The pan-European STOXX 600 fell 0.3 percent by 0957 GMT after recent gains to a two-month high on Wednesday. Britain's commodity-heavy FTSE 100 index was down 0.4...

  • SEATTLE, Feb 15- Demand for jetliners made by Boeing Co and Airbus is in decline but no big bust for the industry lies ahead, a leading analyst said on Wednesday, noting that military aircraft sales should rise. "The great boom is over," Richard Aboulafia, analyst at Teal Group, said at an industry conference near Seattle on Wednesday. A U.S. trade dispute with China would...

  • BENGALURU, India, Feb 15- U.S. aircraft maker Sikorsky is in advanced talks with some Indian charter operators and other airlines for sales of its small passenger planes, one of its executives said on Wednesday. India wants to boost regional aviation connectivity and reopen closed airports as part of its plans to improve passenger growth in one of the world's...

  • NORTH CHARLESTON, S.C.— Nearly 3,000 production workers at Boeing's South Carolina plant have voted not to join the Machinists, maintaining southern reluctance toward unionization. If successful, the balloting on whether employees should join the International Association of Machinists and Aerospace Workers would have sent a significant message to...

  • The Indian Space Research Organization said the nano satellites— those weighing less than 10 kilograms— were sent into orbit from southern India. The ISRO said in a statement that the other satellites were international customer satellites, including 96 from the United States and one each from the Netherlands, Switzerland, Israel, Kazakhstan and the United...

  • LONDON, Feb 14- Rolls-Royce said it would step up efforts to boost performance after a bribery fine and a blow from the plunge in the pound pushed the aero-engine maker to a record annual loss of 4.6 billion pounds. Chief Executive Warren East, appointed in 2015 to revive the ailing British industrial icon, is grappling with falling revenue from older engine...

  • BENGALURU, India, Feb 14- India will open a second production line for its light combat aircraft, Defence Minister Manohar Parrikar said on Tuesday, pressing ahead with a home-grown plane the military has had doubts over for years. Parrikar said the government had just approved an investment of 1.36 billion Indian rupees for HAL to lay a second production line to...

  • Aerospace product line, industrial

    The U.S. aerospace and defense industry has set a new record for international sales in 2016, delivering $146 billion in exports.

  • This photo taken on February 12, 2017 and released on February 13 by North Korea's official Korean Central News Agency (KCNA) shows North Korean leader Kim Jong-Un (C) surrounded by soldiers of the Korean People's Army as he inspects the test-launch of a surface-to-surface medium long-range ballistic missile Pukguksong-2 at an undisclosed location.

    North Korea's latest missile test proves it soon will have an intercontinental ballistic missile capable of reaching the US.

  • Expect more US military posturing in region: Stratfor

    Rodger Baker of Stratfor says President Trump is still formulating its policy on North Korea.

  • The new NASA

    Dava Newman, professor at the Massachusetts Institute of Technology, talks about the public-private partnership in space exploration.

  • Boeing 'priced to perfection'?

    The “Fast Money Halftime Report” traders weigh in on Boeing, with shares higher despite Buckingham Research's downgrade of the stock to sell.

  • NORTH CHARLESTON, S.C.— Two days before South Carolina Boeing employees vote on whether to join a union, workers gathered Monday to hear from union leaders why they should vote to organize in a state where union membership is the lowest in the country. Workers and members of the International Association of Machinists and Aerospace Workers for an hour rallied at...

  • *India's navy rejects homemade Tejas for being too heavy. BENGALURU/ NEW DELHI, Feb 13- India's navy is in the hunt for a new foreign fighter jet after rejecting an indigenously made aircraft as too heavy, the latest sign of the struggle to get Asian militaries to buy locally to grow their defence industries. India, South Korea, Taiwan and other Asian buyers are...

  • 'Tough diplomacy' against North Korea

    Andrew Feldman of Feldman Strategies says President Trump needs to stick to the pledges his made about North Korea during his election campaign.

  • Trump's first big test

    Robert Kelly, associate professor at Pusan National University, weighs in on President Trump's response to North Korea's latest missile test.

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