Aerospace and defense industry
United Airlines CEO: Fuel spike will hit results, but travel demand hasn’t taken ‘even a tiny step back’
Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City. Michael M. Santiago | Getty Images BOSTON — United Airlines CEO Scott Kirby said the spike in fuel prices since the U.S. and Israel attacked Iran on Saturday will have […]
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German defense firm Renk CEO says Iran war could drive ‘increasing demand’ in the Middle East
The RENK Group is one of the world’s leading suppliers of highly efficient drive and control technology. They develop systems for using high forces and torques to drive vehicles, ships and machines. Customers come from the defense, energy and industrial sectors. (Photo by CHRISTOF STACHE/AFP via Getty Images) Christof Stache | Afp | Getty Images […]
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Iran war threatens $11.7 trillion global travel industry as passengers get caught in crossfire
Zoey Gong, a Chinese medicine food therapist, was days away from boarding an Emirates flight from Paris to Shanghai via Dubai, United Arab Emirates, when the U.S. and Israel attacked Iran on Saturday. Gong, 30, had her flight plans derailed as a result, and she told CNBC that she had to pay $1,600 to get […]
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How Iran is turning $50,000 ‘Kamikaze’ drones into a million-dollar problem for U.S. allies
A Shahed-136 drone is displayed at a rally in western Tehran, Iran, on February 11, 2026. Nurphoto | Nurphoto | Getty Images In the aftermath of the Israeli-U.S. strikes on Iran, American allies in the Persian Gulf are hearing a sound that Ukrainian soldiers have long come to dread: the foreboding hum of the Shahed-136 […]
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China to reportedly boost defense spending by 7%, slowest pace since 2021
Key Points China reportedly plans to raise defense spending by 7% this year, the slowest increase since 2021. China kicks off an 8-day parliamentary meeting Thursday. Beijing ranks second to the U.S. in military spending. Source
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Anthropic ‘made a mistake’ in Pentagon talks and should ‘correct course,’ FCC boss says
FCC Chairman Brendan Carr testifies before the House Appropriations Subcommittee on Financial Services and General Government at the Rayburn House Office Building on May 21, 2025 in Washington, DC. John Mcdonnell | Getty Images Anthropic “made a mistake” in its dealings with the Department of Defense, Federal Communications Commission Chairman Brendan Carr told CNBC on […]
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OpenAI’s Altman admits defense deal was ‘opportunistic and sloppy’ amid backlash
OpenAI CEO Sam Altman addresses the gathering at the AI Impact Summit, in New Delhi, India, February 19, 2026. Bhawika Chhabra | Reuters OpenAI CEO Sam Altman said Monday that the company “shouldn’t have rushed” its recent deal with the U.S. Department of Defense and would make some revisions to the agreement. It comes after […]
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Emirates says it will resume ‘limited number’ of flights, El Al weighs use of private jets
A passenger Mohd Umardaraz from Bijnor Uttar Pradesh stranded at Terminal-3 Delhi airport after his flight for Kuwait is cancelled due to airspace restrictions over Iran and parts of the Middle East on March 1, 2026 in New Delhi, India. Arvind Yadav | Hindustan Times | Getty Images Dubai-based Emirates airline said it plans to […]
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Travel stocks sink after thousands of flights grounded following Iran strikes
A display board shows canceled flights to Dubai and Doha amid regional airspace closures at Noi Bai International Airport, amid the U.S.-Israel conflict with Iran, in Hanoi, Vietnam, March 2, 2026. Picture taken with a mobile phone. Thinh Nguyen | Reuters Airline and travel stocks fell Monday after airspace closures throughout the Middle East forced […]
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Global defense stocks jump as U.S., Iran exchange attacks
Global defense stocks jumped early Monday as investors reacted to a dramatic military escalation in the Middle East over the weekend. The sector was a rare bright spot amid a broader market sell-off triggered by fears of a wider regional conflict. Germany’s Hensoldt and Britain’s BAE Systems were among the top performers in the Stoxx […]
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