Aerospace and defense industry
Space stocks saw big gains this week in part due to ‘Trump-Elon trade’ rally, analysts say
A hot fire test of an Archimedes engine, which powers the company’s Neutron rocket. Rocket Lab This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a “Trump-Elon trade,” a nod to the relationship between President-elect Donald Trump […]
Read More
SpaceX president says ‘there is plenty of room for competition,’ as Starlink nears 5 million customers
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. Bloomberg | Bloomberg | Getty Images SpaceX’s second-in-command urged on rivals in comments Friday, describing competition as healthy for Elon Musk’s space company. “I […]
Read More
Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago. Its net loss also increased year-over-year, to $51.9 million […]
Read More
FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US. Eva Marie Uzcategui | Bloomberg | Getty Images The Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day […]
Read More
Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories […]
Read More
Striking Boeing machinists vote on union-backed contract proposal, this time with a warning
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. David Ryder | Reuters Boeing‘s more than […]
Read More
Singapore Airlines will add first class, revamp cabins for longest flights
Singapore Airlines ranked as the No. 2 international airline, according to the Bounce 2023 report. Nurphoto | Nurphoto | Getty Images Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours. The […]
Read More
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally […]
Read More
Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more […]
Read More
Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The […]
Read More