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  • Dec 11- The head of Dubai- based airline Emirates has reacted angrily to a suggestion by Airbus that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 instead. Tim Clark, president of Emirates, said he had protested to Airbus after its finance director aired the...

  • PARIS, Dec 11- The head of Dubai's Emirates issued a furious reaction to a public suggestion by Airbus that it might discontinue the A380 superjumbo and told Reuters it was ready to invest massively in an upgraded version if the planemaker went ahead with it. Tim Clark, president of Emirates airline, said he had protested to Airbus after its finance director aired...

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • OTTAWA, Dec 10- Canada will stay part of Lockheed Martin Corp's F-35 Joint Strike Fighter program while a decision is made on whether to actually buy the plane, the government said on Wednesday. The decision on how to replace Canada's current ageing fleet of Boeing Co CF-18 fighters has become a major political problem for Canada's Conservative government.

  • OTTAWA, Dec 10- Canada will stay part of the F-35 Joint Strike Fighter program while a decision is being made on whether actually to buy the plane, made by Lockheed Martin Corp, the government said on Wednesday.

  • Stocks close down 1.5% on oil decline; Energy drops 3% Wednesday, 10 Dec 2014 | 4:00 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks declined on Wednesday, furthering the week's losses, as crude fell as OPEC cut its demand outlook for 2015.

  • UPDATE 2-Airbus shares slump after 2016 profit warning Wednesday, 10 Dec 2014 | 12:44 PM ET

    *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Shares in Airbus suffered their worst drubbing in more than six years on Wednesday after the planemaker predicted flat profits in 2016, a year in which investors had expected it to start feeling the benefit of new and recently upgraded models.

  • Airbus A350 delayed; CEO moves to allay concerns Wednesday, 10 Dec 2014 | 10:45 AM ET
    Airbus A350

    Qatar Airways announces the delivery of Airbus' brand new A350 aircraft, scheduled for early next week, has been put on hold.

  • Under pressure, Lockheed opens up about secret unit Wednesday, 10 Dec 2014 | 8:32 AM ET

    Lockheed Martin, the Pentagon's No. 1 weapons supplier, has rarely felt the need to blow its horn about its secrecy-shrouded crown jewel - until now.

  • PALMDALE, Calif., Dec 10- Lockheed Martin Corp's Skunk Works was the driving force behind development of many well-known U.S. military aircraft, including the famed "Blackbird" or SR-71 spy plane that could fly from New York to Los Angeles in just over an hour. *While focused mainly on aircraft, it has developed other weapons, including the Joint Air- to-Surface...

  • PALMDALE, Calif., Dec 10- Lockheed Martin Corp, the Pentagon's No. 1 weapons supplier, has rarely felt the need to blow its horn about its secrecy-shrouded crown jewel- until now. "Skunk Works," Lockheed's business for developing weapons outside the company's main chain of command, is starting to lift the veil in a sign of fierce pressure to win new orders and protect its...

  • WASHINGTON, Dec 9- A spending bill agreed by lawmakers from the U.S. House and Senate provides $554.2 billion in funding for the U.S. military in fiscal 2015, including $1.46 billion for 15 EA-18G electronic attack jets built by Boeing Co. Boeing lobbied hard for funding to extend its St. Louis production line for EA-18G Growlers, which had been due to end at the end...

  • The decrease means Boeing will produce two fewer airplanes per year, Boeing said. The 747-8, a stretched and updated version of the two-deck, four-engine plane Boeing debuted in 1970, has attracted only 119 total orders since its 2005 launch, with 68 of those orders for cargo versions and the remainder for passenger jets, according to Boeing's website.

  • NEW YORK, Dec 9- Boeing Co said on Tuesday it will cut production of its iconic 747-8 jumbo jet to 1.3 planes per month from 1.5 per month, starting in September 2015. The planned decrease means Boeing will produce two fewer airplanes per year, Boeing said. The cut is being made "because the near-term recovery in the cargo market has not been as robust as expected," Boeing...

  • Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...

  • NEW YORK, Dec 8- Boeing Co and Airbus jetliner sales to Russia are likely to be squeezed by a falling Russian ruble, the chief executive of Aircastle Ltd said, a drop that could allow the aircraft lessor to pick up some planes on the cheap. Ron Wainshal said on Monday that a weakening economy has impacted travel and airlines in Russia, which could pave the way for...

  • Lufthansa Technik, the maintenance division of the German airline which also specialises in fitting cabins on big VIP and executive jets, has come up with a gadget for those who want to keep their bird of prey by their side when travelling. Falconry is a popular pastime in the Middle East, where it has been practised for thousands of years, and Lufthansa Technik...

  • A Reuters examination of nine years of cases shows that 66 of the 17,000 lawyers who petitioned the Supreme Court succeeded at getting their clients' appeals heard at a remarkable rate. The lawyers are the most influential members of one of the most powerful specialties in America: the business of practicing before the Supreme Court. They are the elite of the...

  • *Forecasts underlying H1 profit between $249- 290 mln. SYDNEY, Dec 8- Qantas Airways Ltd said Monday it expects to post its best first-half result since 2010 as a A $2 billion cost-cutting program bears fruit and lower oil prices trim fuel costs, sending its shares to a three-and-a-half year high. Qantas said underlying first-half profit would be between A $300...

  • UPDATE 4-New NASA spaceship nails debut test flight Friday, 5 Dec 2014 | 3:17 PM ET

    CAPE CANAVERAL, Fla. Dec 5- A U.S. spaceship designed to one day fly astronauts to Mars made a near-bullseye splashdown in the Pacific Ocean on Friday, wrapping up a flawless, unmanned debut test flight around Earth. The point of the flight, which cost NASA about $375 million, was to verify that Orion's 16.5- foot diameter heat shield, parachutes, avionics and other...