Fabrice Brégier, President and CEO of Airbus, has told CNBC his company would take the bragging rights on aircraft deliveries.» Read More
The U.S. Government Accountability Office on Monday sustained a protest filed by Lockheed Martin and Sikorsky Aircraft, a unit of United Technologies, against a $15 billion helicopter contract awarded to Boeing last year.
Airbus' major restructuring strategy includes 10,000 job cuts, French Prime Minister Dominique de Villepin said Tuesday, adding that his government will oppose any cutbacks in the form of layoffs.
Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
Shares of American Airlines' parent AMR rose Friday after a media report that the company may attract a takeover bid from Goldman Sachs and British Airways.
Boeing is looking to revive its commercial satellite business, in part by introducing a smaller, more flexible line of spacecraft, the Wall Street Journal reported on Friday.
The Dow Jones Industrials closed at another record high as positive momentum trumped a weak manufacturing report. "The markets are floating on a sea of liquidity, but the real driver of this market is the increasing risk appetite of investors." Jeffrey Saut, Chief Investment Strategist at Raymond James, told CNBC.com.
There’s no question that the DUI arrest of US Airways Chief Executive Douglas Parker last month is making headlines in a way that probably wouldn’t have happened in decades past. CEO’s are no longer private citizens, and media scrutiny of corporate America has turned some of them into celebrities. Although the buck stops at the corner office, where....
The Chicago-based company tweaked its 767 design to improve fuel efficiency, among other factors, in hopes of beating rival Northrop Grumman.
The Dow Jones Industrial Average closed fractionally higher, helped by strength in Wal-Mart and Boeing, but the broader market failed to gain traction.
United Parcel Service said it ordered 27 Boeing 767-300ER freighter aircraft, worth about $3.8 billion at list prices.
U.S. stocks may have more room to run, but analysts say it might be wise to buy on the dips as the market looks for the next big catalyst to move it forward.
Stocks staged a late-afternoon rally after the Federal Reserve signaled that the outlook for inflation has improved while the economy continues to grow at a moderate pace.
Boeing said fourth-quarter profit more than doubled, easily beating analyst expectations, as it delivered more commercial aircraft than in the year-earlier quarter and its defense unit posted record sales.
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
British Airways said on Monday a 48-hour strike by cabin crew members of its largest union had been cancelled, although it still expected disruptions for thousands of passengers this week.
Ford Motor Co. had the worst year in its 103-year history in 2006. The automaker lost $5.8 billion in the fourth quarter alone – and lost $12.7 billion on the year. Yet CEO Alan Mulally - who came to Ford after overhauling aerospace giant Boeing - is reportedly considering paying bonuses to some of Ford’s managers, even as the company seeks concessions from its unions and predicts more losses this year.
Lockheed Martin and Northrop Grumman reported sharp increases in fourth-quarter profit on Thursday and raised full-year forecasts, as two of the world's largest defense contractors capitalized on the continuing boom in U.S. military spending.
The company, which makes Abrams tanks and Stryker combat vehicles for the U.S. Army as well as Gulfstream jets, reported net profit of $408 million, or $1 a share, compared with $406 million, or $1 a share, a year earlier.
AMR Corp., parent of No. 1 U.S. carrier American Airlines, said it will raise about $503.1 million from a new share issue, shoring up its balance sheet while diluting earnings.
High-tech military contractor Lockheed Martin and aircraft manufacturer Boeing say they plan to work together to advance the nation's air traffic control system.