Aerospace and defense industry
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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Defense companies raise 2025 outlooks on higher demand
Visitor passes the Raytheon Technologies Corporation logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, on June 22, 2023. Benoit Tessier | Reuters Defense and aerospace giants raised their outlooks for the year on Tuesday, citing stronger demand despite economic uncertainty and tariffs. GE Aerospace, Northrop Grumman, RTX and […]
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Thyssenkrupp warship spinoff TKMS taps into Europe’s defense boom with Frankfurt IPO
TKMS, the German warship manufacturer which has spun out from parent group Thyssenkrupp, plans to capitalize on the expected surge in Europe’s defense spend with “prudent, margin-oriented growth” after debuting on Frankfurt’s stock exchange Monday. The initial public offering saw TKMS launch at around 60 euros ($70) per share — giving it a market […]
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Amazon Web Services outage hits airline websites, disrupting check-in
An inside view of Newark Airport as travelers are facing eight straight days of massive delays, United Airlines canceling routes and staffing shortages in Newark, New Jersey, United States, on May 06, 2025. Mostafa Bassim | Anadolu | Getty Images Airline websites, including Delta Air Lines and United Airlines, were disrupted during Monday’s disruption of […]
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FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan | Via Reuters Boeing has won regulator approval to ramp up production of its best-selling 737 Max jetliners to 42 a month, a milestone for the manufacturer nearly two years after the Federal Aviation Administration capped […]
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United Airlines CEO warns an extended shutdown will hurt bookings
CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images United Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues. Despite the funding impasse, essential federal employees including Transportation Security […]
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United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines on Wednesday forecast higher-than-expected earnings for the fourth quarter after a rocky start to 2025. The carrier expects to earn between $3 and $3.50 a share […]
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‘The job is stressful enough’: Air traffic controllers get partial paychecks as government shutdown heads for third week
An airplane takes off the control tower at Reagan National Airport in Arlington, Virginia, on Oct. 8, 2025. Brendan Smialowski | AFP | Getty Images U.S. air traffic controllers have received partial paychecks, their union said Tuesday, and they could miss their next paychecks altogether if the government shutdown lasts another two weeks. “The job […]
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Boeing delivers 55 planes in September, on track for most in a year since 2018
Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing delivered 55 aircraft to customers last month, putting it on track for its best year since 2018 as its production stabilizes and its executives eye increased output rates of its 737 Max cash cow airplanes. Forty of the deliveries […]
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