Aerospace and defense industry
Hanwha’s Philly Shipyard can build nuclear submarine for U.S. Navy, executive says
An American Airlines plane above Hanwha signage at the Hanwha Philly Shipyard in Philadelphia, Pennsylvania, U.S., on Tuesday, Aug. 26, 2025. Bloomberg | Bloomberg | Getty Images Hanwha’s Philly Shipyard has the capability of building a nuclear-powered submarine for the U.S. Navy, said Alex Wong, global chief strategy officer at Hanwha Group, according to a […]
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North Korea’s Kim Jong Un views submarine construction, oversees missile launch, KCNA says
People look at a 24-hour YTN news TV broadcast at Seoul Railway Station showing a news broadcast with the North Korean leader Kim Jong Un giving a salute during a military parade at Kim Il Sung Square in Pyongyang. Sopa Images | Lightrocket | Getty Images North Korean leader Kim Jong Un observed construction of […]
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Southwest’s profits are down 42% this year but it’s the top U.S. airline stock
A Southwest Airlines Boeing 737 airplane arrives at Los Angeles International Airport from San Francisco on March 28, 2025 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Southwest Airlines‘ profits fell 42% in the first nine months of the year compared with the same period in 2024. But its stock […]
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Space stocks rocket higher as sector optimism gains steam into 2026
Space stocks have rallied in recent weeks following news that Musk’s SpaceX is planning to go public next year and widespread government interest. Source
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American Airlines no longer lets basic economy flyers earn miles
American Airlines Grant Baldwin | Getty Images American Airlines customers flying on basic economy fares will no longer earn frequent flyer miles or points toward elite status, the carrier said this week. “We routinely evaluate our fare products to remain competitive in the marketplace. Customers who purchase a Basic Economy ticket on December 17, 2025 and […]
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American Airlines starts flying the longest-range narrow-body Airbus plane. Here’s what’s inside
The economy cabin of American Airlines A321XLR. Leslie Josephs/CNBC American Airlines is about to fly passengers to California for the first time on a skinny, long-range plane that it hopes will change air travel. The airline’s head of network planning now has to decide where else it should fly. The first Airbus A321XLR for a […]
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U.S. admits liability in Army helicopter collision with American Airlines jet that killed 67 people
(EDITORS NOTE: Image contains graphic content) In this U.S. Coast Guard handout, the Coast Guard investigates aircraft wreckage on the Potomac River on Jan. 30, 2025 in Washington, DC. Handout | Getty Images News | Getty Images The United States admitted liability in the deadly collision between an Army Black Hawk helicopter and an arriving […]
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Delta president Glen Hauenstein, who helped turn airline into industry profit leader, to retire in February
Glen Hauenstein, president of Delta Air Lines Inc., left, and Ed Bastian, chief executive officer of Delta Air Lines Inc., right, ring the opening bell on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 12, 2025. Michael Nagle | Bloomberg | Getty Images Delta Air Lines President […]
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Defense stocks rally as Germany set to approve $60 billion defense splurge
Boris Pistorius, Germany’s defense minister, rides in a Leopard 2 A6 battle tank during a presentation by the German Army Panzer Battalion 203 in Augustdorf, Germany, on Feb. 1, 2023. Alex Kraus | Bloomberg | Getty Images German lawmakers are widely expected to approve a defense spending package worth more than 50 billion euros ($58.6 […]
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Defense giants say investors should still bet on them, as hopes for a Russia-Ukraine peace deal spark a selloff
Ukrainian servicemen operate a Soviet-made T-72 tank in the Sumy region, near the border with Russia, on August 12, 2024, amid the Russian invasion of Ukraine. Roman Pilipey | Afp | Getty Images Some of Europe’s biggest military contractors urged investors not to cash out of the sector on Tuesday, as stocks sold off on […]
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