Aerospace and defense industry
Rheinmetall chief says Europe must catch up with Russia’s ammunition output as it opens mega plant
Workers are seen at the new Rheinmetall artillery munitions factory during its inauguration on August 27, 2025 in Unterluess, Germany. Germany is investing heavily to modernize the Bundeswehr, its armed forces. Morris Macmatzen | Getty Images News | Getty Images Rheinmetall‘s newly-opened factory in Northern Germany — set to become Europe’s biggest ammunition production facility […]
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France’s latest budget crisis poses risk to defense investment pledges
The latest clash between French lawmakers over reducing the country’s hefty public deficit could see its defense spending pledges fall to the wayside, analysts say. That would come as a blow to the likes of Thales , Dassault Aviation , Safran and Leonardo -owned MBDA — domestic defense players that have rallied this year on […]
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Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might […]
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Trump Pentagon is ‘thinking’ about taking equity stakes in defense contractors, says Lutnick
Trump administration military leaders are “thinking about” whether the U.S. should acquire equity stakes in top defense contractors such as Lockheed Martin, Commerce Secretary Howard Lutnick said Tuesday. The Cabinet secretary, in an interview on CNBC’s “Squawk Box,” revealed the government’s interest in taking those stakes days after the U.S. government acquired 10% of Intel […]
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Korean Air makes airline’s biggest-ever Boeing jet order amid Trump-Lee summit
Employees stand in front of a Boeing Co. 787-9 Dreamliner passenger aircraft operated by Korean Air Lines Co. SeongJoon | Bloomberg | Getty Images Korean Air announced a $50 billion order on Monday for 103 Boeing airplanes and GE Aerospace engines and servicing, coinciding with the visit of South Korean President Lee Jae Myung to Washington. The order, the largest in […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty Images In March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes […]
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Alaska Airlines launches $395 credit card in premium travel race, combines loyalty program with Hawaiian
An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta on Sept. 19, 2024. Kevin Carter | Getty Images Alaska Airlines is getting into the industry’s race for high-end credit cards and creating a combined frequent flyer program, called Atmos, with Hawaiian Airlines, which it acquired last year. […]
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Summer travel isn’t as easy as it used to be for airlines
People move through a crowded JFK International Airport days before the 4th of July holiday on July 02, 2024 in New York City. As the summer travel season takes off, millions of Americans and tourists are experiencing long delays and congestion at airports, train stations and on highways. July is the busiest month of travel […]
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Trump’s meeting with Putin is a win-win for European defense stocks, no matter the outcome
European defense stocks have further to run regardless of whether U.S. President Donald Trump and Russian counterpart Vladimir Putin achieve a breakthrough on the war in Ukraine later this week, market watchers say. Trump and Putin are slated to meet in person in Alaska on Friday, with a view to discuss what it would take […]
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