Aerospace and defense industry
Satellite imagery venture Planet delivers record quarter, sees annual revenue nearing $200 million
Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters Satellite imagery and data company Planet reported record third-quarter revenue on Wednesday, forecasting nearly $200 million in annual revenue. “Planet’s growth continues […]
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Delta expects 2023 earnings to nearly double thanks to ‘robust’ travel demand
Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA ,LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines says the travel boom isn’t over. The airline expects its adjusted earnings to nearly double to as much as $6 per […]
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United Airlines is buying at least 100 Boeing Dreamliners to replace aging wide-body jets
United Airlines is buying 100 Boeing 787 Dreamliners with the option to purchase 100 more new jets that will fly its longest routes and replace less fuel-efficient, decades-old planes. The massive order is a big boost for Boeing from one of its largest customers and comes as United has returned to profitability after the pandemic’s travel slump. […]
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Boeing airplane deliveries picked up in November
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC Boeing‘s aircraft deliveries picked up last month with airlines getting more 737 Max and 787 Dreamliner planes. The manufacturer handed over 48 planes last month, up from 35 in October, with carriers United, American and Qatar Airways each getting two […]
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SpaceX launches lunar lander for Japanese venture ispace, which aims to create an economy around the moon
A long exposure photo shows the path of SpaceX’s Falcon 9 rocket as it launched the ispace mission on Dec. 11, 2022, with the rocket booster’s return and landing visible as well. SpaceX Japanese lunar exploration company ispace began its long-anticipated first mission on Sunday, with a SpaceX Falcon 9 rocket launching the venture’s lunar […]
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NASA’s Orion capsule splashes down, completing the first Artemis moon mission
The Orion capsule splashes down in the Pacific Ocean on December 11, 2022. NASA TV NASA’s Orion spacecraft splashed down in the Pacific Ocean off the coast of Baja California, Mexico on Sunday, completing the agency’s Artemis 1 mission. Just under 26 days since Artemis 1 launched on NASA’s Space Launch System (SLS) rocket, its most […]
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Southwest Airlines reinstates dividend after nearly three years as travel rebounds
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines is reinstating its quarterly dividend that it suspended at the start of the Covid-19 pandemic in 2020, the latest sign of the airline industry’s recovery. The $54 billion in federal aid that airlines received to keep paying employees during the pandemic prohibited dividends and share buybacks, […]
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Boeing’s last 747 is rolling out of the factory after a more than 50-year production run
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC EVERETT, Wash. − Boeing‘s final 747 is set to roll out of the company’s cavernous factory north of Seattle as airlines’ push for more fuel-efficient planes ends the more than half-century production run of the jumbo jet. The 1,574th — […]
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United CEO says business travel has ‘plateaued’ but revenue is still rising
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Business travel demand has “plateaued” but revenue continues to rise thanks to strong demand and capacity constraints, United Airlines CEO Scott Kirby told CNBC on Tuesday. Major companies, many in tech, have announced plans […]
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Delta pilots would get far more than 30% in pay out raises under new contract deal
A pilot walks earlier the windows at the newly renovated Delta terminal D at LaGuardia Airport in New York March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Air Strains and its pilots’ union have attained a preliminary settlement for raises topping 30% in excess of 4 decades, a milestone offer that […]
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