Aerospace and defense industry
Airline stocks tumble amid economic concerns
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty Images Stock Chart IconStock chart icon NYSE Arca Airline Index versus the S&P 500 Airlines, especially full-service carriers with big international networks, had been a bright spot thanks to strong demand […]
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First-class seats are getting so fancy they’re holding up new airplanes
A Lufthansa First Class “Allegris” cabin, which was set up outside the show. Peter Kneffel | Picture Alliance | Getty Images Heated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of course, the coveted privacy door. Ever-more luxurious first- and business-class cabins that have hundreds of parts and require regulator approval […]
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Private lunar lander Blue Ghost aces moon touchdown with a special delivery for NASA
A private lunar lander carrying a drill, vacuum and other experiments for NASA touched down on the moon Sunday, the latest in a string of companies looking to kickstart business on Earth’s celestial neighbor ahead of astronaut missions. Firefly Aerospace’s Blue Ghost lander descended from lunar orbit on autopilot, aiming for the slopes of an […]
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American Airlines to start testing free inflight Wi-Fi
The main cabin of a American Airlines Boeing 777-300ER jet. Mary Altaffer | AP American Airlines is planning to test complimentary inflight Wi-Fi starting next week as pressure mounts on carriers to offer the service free of charge. The tests will be available on three flights: Between hub Charlotte Douglas International Airport in North Carolina […]
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Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’
Elon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence, that current technology poses a risk to air travel safety. The billionaire and top advisor to President Donald Trump, who has been tasked with cutting costs throughout the federal government, posted the claims […]
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Shares of British aerospace giant Rolls-Royce jump 16% on upbeat outlook, profit beat
A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Thursday posted stronger-than-expected full-year earnings after undertaking a “significant” transformation and declaring a £1 billion ($1.27 billion) […]
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Boeing No. 2 executive’s role narrowed to focus on fixing commercial plane unit
Boeing’s Stephanie Pope gives a press conference at the Paris Le Bourget Airport, on June 20, 2023. Geoffroy Van Der Hasselt | AFP | Getty Images Boeing commercial airplanes head Stephanie Pope will focus on the recovery of the company’s crucial and challenged plane-making unit under a reorganization that ends her role as the company’s chief operating officer but […]
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U.S. says it will drop immigration case against SpaceX
An employee walks across the bridge from parking to SpaceX in Hawthorne on July 17, 2024. Genaro Molina | Los Angeles Times | Getty Images The U.S. Department of Justice on Thursday said it would drop a case accusing Elon Musk’s space technology company SpaceX of refusing to hire certain immigrants. The Justice Department last month signaled it could […]
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Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat
Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC President Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes. The planes are years behind schedule. Trump negotiated the $4 billion contract for the aircraft […]
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Government travel has ‘fallen off’ since Trump inauguration, United Airlines says
A United Airlines plane takes off from Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images United Airlines says travel demand has been resilient lately — except from the U.S. government. Government travel “has fallen off here post-inauguration,” United’s Chief Financial Officer Mike Leskinen said at a Barclays […]
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