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Defense Aerospace & Defense

  • DUBAI, Nov 12- Russia has initiated preliminary talks with the United Arab Emirates for joint production of a civil aircraft in the Gulf state, the head of Russia's state-owned defence company said on Sunday. The Crown Prince of Abu Dhabi expressed his desire to start production of the MC 21-400, "Rostec's CEO Sergei Chemezov told Reuters in an interview at the...

  • DUBAI, Nov 12- A battle for orders erupted on day one of the Dubai Airshow on Sunday as Europe's Airbus and its U.S. arch-rival Boeing prepared to fire opening salvos worth almost $30 billion. Airbus was widely expected to announce a fresh order worth $16 billion at list prices for the world's largest passenger jet, the A380, from Dubai's Emirates, injecting new life...

  • DUBAI, Nov 11- Boeing is deepening its study of a proposed new mid-market aircraft as it prepares to decide whether to bring the project to market, a senior executive said on Saturday. Kevin McAllister, Chief Executive of Boeing Commercial Airplanes, said a team at the U.S. planemaker would be exploring the business plan in detail, including how the aircraft would...

  • The U.S. Air Force contract for 100 of the bat-winged aircraft is estimated to run about $80 billion. Since Northrop won the contract two years ago, the pace of activity at its Palmdale plant has ramped up. The plant has 3,000 employees and expects that to grow to 5,200 by late 2019, Kevin Mitchell, deputy vice president of global operations, recently told a Chamber...

  • The umbra, the moon's shadow, over the United States from space is seen from the International Space Station from outer space.

    One of Europe's smallest countries now holds claim to being a giant in the space industry.

  • DUBAI, Nov 11- Boeing sought to dispel concerns about a slowdown in the growth of Gulf airlines as the aerospace industry gathered on Saturday for the Dubai Airshow. "Traffic is coming back and yields are improving and this is going to be a very positive backdrop to the Dubai Airshow," Marty Bentrott, vice president for Boeing's commercial sales in the region, said,...

  • DUBAI, Nov 11- Dubai's Emirates may place an order at the Dubai Airshow for 36-38 Airbus A380 superjumbo jets, worth some $16 billion at list prices, a person familiar with the matter told Reuters on Saturday. The order is expected to be one of the highlights of the Nov. 12-16 event at which Gulf carriers- minus Qatar Airways which is absent due to a rift between Arab...

  • DUBAI, Nov 11- Boeing sought to dispel concerns about a slowdown in the growth of Gulf airlines as the aerospace industry gathered on Saturday for the Dubai Airshow. "Traffic is coming back and yields are improving and this is going to be a very positive backdrop to the Dubai Airshow," Marty Bentrott, vice president for Boeing's commercial sales in the region, said,...

  • U.S. Air Force lieutenant general Steve Kwast speaks at the New Worlds 2017 conference in Austin, Texas.

    Air Force Lt. Gen. Steve Kwast says the U.S. still leads every other country in space but China is progressing much faster.

  • *Pan-European index down 1.7 pct this week. *Italy's Leonardo plummets on guidance cut. MILAN/ LONDON, Nov 10- European shares suffered their worst week in three months on Friday, as a slowdown in earnings growth and jitters in bond markets spurred profit-taking in a market that remains close to two-year highs.

  • NASA associate administrator for Human Exploration and Operations Bill Gerstenmaier speaks at the New Worlds 2017 conference in Austin, Texas.

    A new era is dawning in space and NASA, despite decades of tight budgets, is aiming to remain the industry's leader.

  • *Italy's Leonardo plummets on guidance cut. MILAN, Nov 10- European shares were set for their worst week in three months on Friday, as a slowdown in earnings growth spurred profit taking in a market that remains close to two-year highs. The STOXX 600 fell 0.3 percent by 0950 GMT, weighed down by weaker industrials, one day after suffering its biggest one-day loss...

  • Nov 10- British defense contractor Ultra Electronics said it expected a delayed decision from the U.S. Department of Justice on its $234 million purchase of Sparton Corp.. Ultra Electronics, whose shares fell 7.9 percent to 1577 pence at 0840 GMT and were the worst performers on the FTSE Midcap Index, said on Friday that it had agreed with the DoJ on time targets...

  • Nov 10- British defence contractor Ultra Electronics said it expected a delayed decision from the U.S. Department of Justice on its $234 million purchase of Sparton Corp.. Ultra Electronics, whose shares fell 7.9 percent to 1577 pence at 0840 GMT and were the worst performers on the FTSE Midcap Index, said on Friday that it had agreed with the DoJ on time targets...

  • BELLEVUE, Wash. _ Esterline Technologies Corp. on Thursday reported fiscal fourth-quarter earnings of $35.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share. Esterline Technologies expects full-year earnings to be $3.65 to $4.05 per share, with revenue in the range of $2.03 billion to...

  • WASHINGTON Nov 9- The Pentagon's chief weapons buyer is eager to speed up foreign military sales to allies, and boost the profits and financial health of U.S. defense contractors, she told reporters ahead of her trip this week to the Dubai Airshow. Undersecretary of Defense for Acquisition, Technology, and Logistics Ellen Lord will be the Pentagon's most senior...

  • Drivers behind 10 top-performing stocks since Trump's election

    Jim Cramer gave his take on why the gains in the market's top 10 winning stocks since the 2016 election have little to do with Trump.

  • Cramer reviews the drivers behind the 10 top-performing stocks since Trump's election

    Jim Cramer gave his take on why the gains in the market's top 10 winning stocks since the 2016 election have little to do with Trump.

  • Jim Cramer gave his take on why the gains in the market's top 10 winning stocks since the 2016 election have little to do with Trump.

  • A man repairs his car as tourists walk past in Havana, Cuba.

    Sun Country Airlines says it is relinquishing its government permission to fly to the island.

Defense Contractors