Two big multi-national players turn in good--but not great--earnings, and may indicate a bigger trend.» Read More
FARNBOROUGH, England, July 16- South Korean carrier Asiana Airlines has expanded its maintenance ties with UTC Aerospace Systems with a 10- year deal involving the evacuation slides aboard the airline's Airbus A380 superjumbos.
The Pentagon has decided not to send Lockheed Martin F-35 fighters to a UK air show amid mechanical problems with the weapons project.
Some of Monday's midday movers:
Executives running the world's largest airplane makers and suppliers said they don't see a downturn coming anytime soon.
July 14- British low-cost airline easyJet Plc said its order to CFM International SA for 270 engines was valued at about $3.3 billion at list price by the engine maker. EasyJet had earlier said it had negotiated a reduced price with CFM, but that the details were confidential.
Despite an engine fire, Lockheed Martin remains hopeful that its troubled F-35 fighter will make its debut at the Farnborough International Airshow.
Alcoa has invested heavily in its U.S. aerospace business because of the country's leading position in advanced manufacturing, CEO Klaus Kleinfeld tells CNBC.
July 14- Alcoa Inc said it signed a 10- year supply agreement with Pratt& Whitney, a unit of United Technologies Corp, for $1.1 billion.
LONDON, July 13- Executives at aircraft engine maker Pratt& Whitney said a fault on the engines for Bombardier's CSeries planes was to do with a seal in the oil system that would require a relatively minor adjustment, and not to do with the low pressure turbine.
LONDON, July 13- Engine maker Pratt& Whitney unveiled an enhancement to its engine for the Airbus A320neo plane on Sunday that it says will improve fuel burn efficiency by a further 2 percent, stepping up the battle with rival CFM.
LONDON, July 13- Executives at aircraft engine maker Pratt& Whitney said a fault on the engines for Bombardier's CSeries planes was to do with a seal in the oil system and not to do with the low pressure turbine.
FARNBOROUGH, England, July 13- CFM International expects another record year for engine orders, its chief executive said on Sunday, adding the company, which earlier in the day announced an order from American Airlines, had bid for an engine deal with easyJet.
FARNBOROUGH, England, July 13- CFM International, a joint venture between General Electric Aviation and Safran of France, said on Sunday that it had been picked by American Airlines Group to provide engines for 100 Airbus A320neo jets the airline has on order. CFM said the order is worth $2.6 billion at list prices.
Defense Secretary Chuck Hagel told military fliers on Thursday the stealthy F-35 attack plane had "issues" but was still "the future for our fighter aircraft" despite a fire that grounded the fleet and jeopardized its international debut in Britain.
RAF FAIRFORD, England, July 10- The Pentagon's F-35 program office on Thursday reversed an earlier statement and said it was continuing contract talks with Lockheed Martin Corp and engine maker Pratt& Whitney, despite an engine fire that has grounded the F-35 fighter jet fleet.
BRUSSELS, July 9- The chief executive of Bell Helicopter said on Wednesday he was confident that the company's concept for the U.S. Army's next-generation helicopter would be selected for flight testing in an eagerly awaited decision expected within the next month.
Some of Wednesday's midday movers:
But Hammond told a conference in London on Wednesday that he was "still optimistic" that the new warplane would be cleared to fly in time to make a delayed international debut at the world's biggest air show in Farnborough, outside London, next week.
WASHINGTON, July 7- Most of the 97 Lockheed Martin Corp F-35 fighter jets grounded last week have been inspected, and officials hope to wrap up the remaining inspections on Monday, which could pave the way for the resumption of flights of the Pentagon's newest warplane, U.S. military officials said.
The Pentagon's F-35 program office, Air Force and Navy issued directives on Thursday ordering the suspension of all F-35 flights after a June 23 fire on an Air Force F-35A jet at Eglin Air Force Base in Florida, according to statements by the Pentagon and the F-35 program office.