UAL, parent of United Airlines, said Monday it plans to lay off 950 pilots as it prepares to cut domestic capacity to offset soaring fuel prices.

U.S. auditors upheld Boeing's protest of the award of a $35 billion refueling-aircraft deal to a U.S.-European team that includes rival planebuilder Airbus, a U.S. lawmaker said Wednesday.

Honeywell says it will sell a unit that makes aerospace fasteners and provides logistical services to B/E Aerospace for $1.05 billion, including at least $800 million in cash and the rest in B/E common stock.

Former EADS co-chief executive Noel Forgeard has been placed under formal investigation on suspicion of insider trading while at Europe's largest aerospace group, his lawyer said on Friday.

Former EADS chief Noel Forgeard was detained in police custody for questioning on Wednesday as part of a probe into possible insider trading at the European aerospace giant, French police sources said.

There could be a rival offer for U.S. defense firm DRS Technologies, more probably from a European company, the chief executive of bidder Finmeccanica told La Repubblica newspaper in an interview.