Aerospace and defense industry
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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What travelers need to know after the U.S., Israeli strikes on Iran
Stranded passengers wait at the Velana International Airport in Male on March 1, 2026 after the cancellation of several flights destined for the Middle East. Mohamed Afrah | Afp | Getty Images Travelers are stranded as far away as Australia, Brazil and the Maldives after the U.S. and Israel launched strikes on Iran this weekend. […]
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In Defense-Anthropic clash, AI is real-time testing the balance of power in future of warfare
The Department of Defense’s clash with Anthropic over the integration of artificial intelligence into military operations, and who sets the limits on usage, reached a peak this week with Defense Secretary Pete Hegseth giving the AI company until 5:01 p.m. ET Friday to cede to the government’s demands. Anthropic has not budged, to date at […]
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Pakistan bombs targets in Afghan cities, minister calls it ‘open war’
Taliban security personnel stand guard near the Torkham border crossing between Afghanistan and Pakistan in the Nangarhar province on Feb. 27, 2026. Aimal Zahir | Afp | Getty Images Pakistan bombed Taliban government targets in Afghanistan’s major cities on Thursday night, officials from both countries said on Friday, with Pakistan’s defense minister calling the conflict “open war”. Security sources in Pakistan said the strikes involved air-to-ground […]
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Rolls-Royce raises outlook, plans up to $12 billion share buyback as engine demand boosts growth
Rolls-Royce said Thursday it expects profits of over £4 billion ($5.42 billion) this year as the aero engine and power systems maker promised another year of robust growth. The aerospace giant is targeting underlying operating profit of between £4 billion and £4.2 billion in 2026, above the midpoint of £3.65 billion as expected by analysts […]
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