Aerospace and defense industry
Flight cancelations to worsen next week if shutdown continues
A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images U.S. airlines will have to cut hundreds more flights next week if Congress can’t come to a solution to end […]
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Taser maker Axon plunges 17% after earnings fall short due to tariff hit
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock plummeted 17% after the Taser maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints. Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points […]
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Boeing CEO: We have $600B of backlog
Kelly Ortberg, Boeing CEO, joins ‘Squawk on the Street’ to discuss the company’s charge around the 777X, how much the government shutdown is impacting Boeing and much more. Source
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Boeing is set to report earnings before the bell. Here’s what Wall Street expects
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | AFP | Getty Images Boeing‘s jetliner deliveries drove it back into cash-positive territory for the first time in nearly two years but it took a massive charge on its long-delayed 777X wide-body plane. […]
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‘The problems are mounting daily.’ Air traffic controllers miss first paychecks in government shutdown
A person rides an electric scooter past the air traffic control tower at Reagan Washington National Airport as the U.S. government shutdown continues in Arlington, Virginia, U.S., Oct. 8, 2025. Nathan Howard | Reuters U.S. air traffic controllers Tuesday missed their first full paychecks since the government shutdown began at the start of the month, […]
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American Airlines is arriving late to the luxury travel boom. Can it catch up?
An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on August 24, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images FORT WORTH, Texas — American Airlines started pouring customers Champagne Bollinger in its top-tier lounges and cabins this fall. But at […]
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American Airlines hires industry veteran to lead commercial team as profits trail rivals
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United. American ousted its former chief commercial officer, Vasu […]
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American Airlines profit forecast for the rest of the year tops estimates
An American Airlines Airbus A321 airplane departs Los Angeles International Airport en route to Orlando on March 30, 2025. Kevin Carter | Getty Images News | Getty Images American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending […]
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Southwest beats earnings estimates, forecasts strong demand for rest of the year
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines on Wednesday posted a surprise profit for the third quarter and forecast better travel demand and higher fares for the fourth quarter. […]
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CNBC exclusive: First look at Shield AI’s new AI-piloted military fighter drone
Shield AI is trying to shake up the defense industry. The company, which is valued at $5.3 billion after securing $240 million in its latest round of funding, is set to unveil its next generation, autonomous fighter jet known as the X-Bat on Wednesday. CNBC got exclusive access to the company’s headquarters ahead of the […]
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