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  • WASHINGTON, Feb 12- The U.S. unit of Europe's Airbus Group was awarded a contract worth $221 million to build 41 more UH-72A Lakota light utility helicopters for the U.S. Army, the Pentagon said in its daily digest of major contracts on Thursday. The contract, which runs through July 31, 2017, marks a modification of Airbus's existing Army contract, and covers...

  • Stelia Aerospace considering U.S. production facility Thursday, 12 Feb 2015 | 4:46 PM ET

    SEATTLE, Feb 12- Stelia Aerospace, a large maker of commercial aircraft structures and components, is considering putting a production facility in the United States to be closer to customers and increase its purchases in dollars, a senior executive said on Thursday. Stelia, formed last month from the merger of Airbus subsidiaries Aerolia and Sogerma, is...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • PARIS, Feb 12- France and Egypt have agreed a deal worth more than 5 billion euros for the sale of Dassault Aviation- built Rafale fighter jets, a naval frigate and missiles, a French source close to the matter said on Thursday. The deal would make Egypt, which has been looking to upgrade its military hardware over fears the crisis in neighbouring Libya could spill...

  • MUNICH, Feb 12- Strong global demand for new passenger jets and a firmer U.S. dollar should help German aircraft engine maker MTU Aero Engines beat analysts' average sales and profit forecasts this year, it said on Thursday. Its two biggest customers, Airbus and Boeing, are riding a wave of orders for new fuel-efficient passenger jets, boosting business for...

  • SEATTLE, Feb 11- Boeing Co said on Wednesday it is not studying resurrecting its out-of-production 757 jetliner with new engines to plug a gap in its jetliner lineup between its largest single-aisle plane and its smallest widebody models. Boeing has studied resuming production of the single-aisle 757 "a couple of times," Randy Tinseth, vice president of...

  • *Cairo fears spillover from Libya conflict. PARIS, Feb 10- France is close to selling Dassault Aviation- built Rafale fighter jets to Egypt, sources close to the matter said on Tuesday, as Cairo looks to upgrade its military hardware over fears the crisis in neighbouring Libya could spill over. France and Egypt have been negotiating since a November state visit by...

  • BlackBerry names new chief security officer Tuesday, 10 Feb 2015 | 10:09 AM ET

    TORONTO, Feb 10- BlackBerry Ltd named David Kleidermacher as its chief security officer on Tuesday, moving to further bolster the smartphone maker's credentials with security-conscious clients, including big players in the defense, automotive and healthcare sectors. Green Hills' technologies power systems as diverse as medical devices and aircraft made...

  • Feb 5- Airbus reported a roughly $11 billion preliminary order from Colombian airline group Avianca Holdings on Thursday, gaining a head start in its 2015 order race with U.S. rival Boeing subject to a final confirmation of the deal. The memorandum of understanding for 100 A320neo-family jets is worth $10.6 billion at list prices based on the main model of the...

  • DUBAI, Feb 3- Cash-rich Gulf banks are becoming bigger players in the region's aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Figures from European planemaker Airbus show that 47 percent of its aircraft deals in the Middle East in the first 11 months of last year were funded by local banks, up from 17...

  • WASHINGTON, Feb. 1- Resilience, innovation and advances in technology will be key factors as NATO maps out a multibillion-dollar effort to replace its aging fleet of 17 Boeing Co E-3 Sentry Airborne Warning and Control System aircraft, a top NATO official told Reuters. "This a very crucial project for NATO for the next two decades," Palomeros told Reuters last week...

  • AirAsia captain left seat before jet lost control Saturday, 31 Jan 2015 | 12:16 AM ET
    Indonesian officers move the flight data recorder of the AirAsia flight QZ8501

    The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control.

  • Airbus calls for new black box safety measures Tuesday, 13 Jan 2015 | 7:03 AM ET

    French aircraft manufacturer Airbus has pushed for new safety measures regarding the ejection of black boxes from airplanes in case of emergency.

  • Citing transformation, Alcoa beats on earnings Monday, 12 Jan 2015 | 4:37 PM ET
    Alcoa Inc. employee works at the company's Mt. Holly production plant in Goose Creek, South Carolina.

    As it continues to shift its business model, Alcoa delivered fourth-quarter earnings and revenue that topped analysts' expectations.

  • Boeing deliveries hit record, Airbus wins on orders Wednesday, 7 Jan 2015 | 2:06 AM ET
    A Boeing ground test crew member examines a Boeing 787 Dreamliner.

    Boeing delivered 723 jetliners in 2014, hitting its own target, setting an industry record and besting rival Airbus Group.

  • Questions about AirAsia crash as more bodies found Wednesday, 31 Dec 2014 | 4:22 AM ET
    A member of the Indonesian military reads a map during a search and rescue (SAR) mission over the waters of the Java Sea near Pangkalan Bun, Kalimantan.

    The bulk of the missing AirAsia jet may be on the floor of the Java Sea, which could indicate the aircraft hit the sea bed intact.

  • Airbus CEO: 'We will be number one' Monday, 22 Dec 2014 | 11:21 AM ET

    Fabrice Brégier, President and CEO of Airbus, has told CNBC his company would take the bragging rights on aircraft deliveries.

  • Europe closes lower, oil falls to $64 after OPEC report Wednesday, 10 Dec 2014 | 11:30 AM ET

    European shares closed lower on Wednesday, continuing its declining trend as Greek political fears and slumping oil prices weigh.

  • 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.

  • Airbus applies to patent 'flying saucer' plane Monday, 17 Nov 2014 | 6:30 AM ET
    The Airbus patent design

    Airbus is hoping to patent a new plane that looks more like a doughnut or flying saucer than the usual passenger plane.