Aerospace and defense industry
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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European defense companies should step up collaboration to fix ‘fragmented’ sector, Leonardo CEO tells CNBC
European defense companies must take a stronger lead on collaborating to help the continent become independent of the U.S. security umbrella, Leonardo‘s CEO told CNBC. Speaking with CNBC’s “Squawk Box Europe” on Wednesday after Leonardo’s annual results statement, Roberto Cingolani said European defense companies have “all the capabilities and technical skills” and should not wait […]
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Spirit Airlines plans to slash flights, fleet in bid to emerge from bankruptcy as early as spring
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines is gearing up to shrink to a tiny version of its former self in an attempt to survive, according to a […]
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Blizzard cripples East Coast airports, canceling thousands of flights
A departure board dispays information about cancelled flights, during a winter storm at LaGuardia Airport in New York City, U.S., February 23, 2026. Shannon Stapleton | Reuters A powerful blizzard ground air travel to a near halt at major airports serving New York City, Boston, Philadelphia and other areas of the eastern U.S. on Monday. […]
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Airlines halt Puerto Vallarta flights after violence following Mexican cartel leader’s killing
Smoke billows from burning vehicles amid a wave of violence, with torched vehicles and gunmen blocking highways in more than half a dozen states, following a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as “El Mencho,” was killed, in Puerto Vallarta, Jalisco, Mexico, February 22, 2026, in this […]
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Google spinout Aalyria valued at $1.3 billion as investors pour into space-based communications
Aalyria CTO and founder Brian Barritt Courtesy Aalyria In 2022, Google spun out a project focused on high-speed communications networks into a startup called Aalyria. Less than four years later, Aalyria is being valued by investors at $1.3 billion in a new funding round, reflecting soaring demand for reliable, speedy telecommunications. Aalyria’s software helps networks […]
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DHS suspends TSA Precheck, Global Entry as airlines brace for blizzard
Passengers walk through the entrance of a TSA PreCheck in Terminal One at O’Hare International Airport Wednesday, Feb. 1, 2017, in Chicago. (Armando L. Sanchez/Chicago Tribune/Tribune News Service via Getty Images) Armando L. Sanchez | Chicago Tribune | Getty Images The Department of Homeland Security on Sunday suspended the TSA PreCheck and Global Entry security […]
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Airlines waive change fees ahead of another monster winter storm
Travelers look at a flight status board as flights are delayed and cancelled following a significant winter storm at Ronald Reagan Washington National Airport in Arlington, Virginia, January 26, 2026. Saul Loeb | Afp | Getty Images U.S. airlines waived cancellation and change fees for flights from Virginia to Maine ahead of another massive winter […]
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Airbus stock falls on weak delivery guidance. Here’s why analysts still like it
Key Points Airbus said Thursday it expects to sell 870 aircraft in 2026, below what most market watchers had expected. Analysts remained largely upbeat on the company, and many reiterated Buy ratings on the stock following the worse-than-expected delivery guidance, calling it a “clearing event.” It comes as the European planemaker is facing increased competition […]
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