Author: John Whitney

Boeing To Increase Production Rates Of 737 MAX And 787 Jets
30. 7. 2023 No Responses

Boeing To Increase Production Rates Of 737 MAX And 787 Jets

Boeing aims to produce at least 50 MAX variants per month by 2025 and is confident in the coordinated supply chain’s ability to deliver on this goal. The Renton plant in Washington state will see an increase in narrowbody production,...
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Lockheed Martin Raises Full-Year Forecast
19. 7. 2023 No Responses

Lockheed Martin Raises Full-Year Forecast

U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. Defense companies in the U.S. have been successful in translating demand for air defe...
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No New EU Money For Green Technologies
21. 6. 2023 No Responses

No New EU Money For Green Technologies

European Commission president Ursula von der Leyen said last year that she would create a new European Sovereignty Fund to help EU companies compete with president Biden’s Inflation Reduction Act (IRA). But whereas the US is pumping $369 bn (€340 bn)...
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Open fan jet engine to power the successor to Boeing’s 737 MAX
17. 6. 2023 No Responses

Open fan jet engine to power the successor to Boeing’s 737 MAX

An open fan being developed by CFM International, making it a prime candidate to power the next generation of all new airplanes in the mid-to-late 2030s. The new engine with a giant open fan would change the look of airplanes...
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Ferrari win the 24 Hours of Le Mans
11. 6. 2023 No Responses

Ferrari win the 24 Hours of Le Mans

Italian Ferrari ended a 50-year absence from the 24 Hours of Le Mans by toppling Japanese Toyota on Sunday in the centenary running of the most iconic car race in the world. Ferrari last competed at Le Mans in 1973...
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IATA elevates industry profit projection for 2023
6. 6. 2023 No Responses

IATA elevates industry profit projection for 2023

The International Air Transport Association (IATA) now expects the whole airline industry to make a net profit of $9.8 billion this year, roughly doubling of its initial projection for sector profitability. The airline association had initially projected the...
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Lockheed Martin Tops Earnings Forecasts
18. 4. 2023 No Responses

Lockheed Martin Tops Earnings Forecasts

Lockheed Martin – the producer of the F-16, F-35 fighter jets and guided missiles has been a heavy supplier of weapons and other military equipment for Ukraine war. Lockheed Martin provided thousands guided missiles for High Mobility Artillery Rocket Sys...
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Rumor: TSMC plans JV fab in Germany
14. 4. 2023 No Responses

Rumor: TSMC plans JV fab in Germany

TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the...
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Rumor: TSMC plans JV fab in Germany
12. 4. 2023 No Responses

Rumor: TSMC plans JV fab in Germany

TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the...
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Mexico To Buy 13 Power Plants From Spanish Energy Major
7. 4. 2023 No Responses

Mexico To Buy 13 Power Plants From Spanish Energy Major

Mexico is set to buy 13 power plants currently operated by Spain’s utility major Iberdrola in a deal worth some $6 billion. The purchase, Reuters reports, is part of the Lopez Obrador government’s ambition to return control over Mexico’s electricity...
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Ukraine claims it has assembled manpower for new offensive
1. 4. 2023 No Responses

Ukraine claims it has assembled manpower for new offensive

Interior Minister Igor Klimenko: Eight new brigades have been assembled. Kiev has completed the recruitment of its so-called “Attack Guard,” which has been assembled with the aim of retaking territories lost to Russia during the ongoing conflict, Ukraini...
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Slovakia Will Send Entire Fleet of MiG-29 Fighter Jets to Ukraine
17. 3. 2023 No Responses

Slovakia Will Send Entire Fleet of MiG-29 Fighter Jets to Ukraine

Slovakia’s government has approved a plan to give Ukraine its fleet of 13 Soviet-era MiG-29 fighter jets. Slovakia’s government on Friday approved a plan to give Ukraine its fleet of 13 Soviet-era MiG-29 fighter jets, becoming the second NATO member coun...
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Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient
13. 3. 2023 No Responses

Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient

Goldman Sachs calling a pause in the Fed’s hiking cycle, 2Y yields have plummeted a staggering 50bps, suffering the biggest 2-day drop since Black Monday in October 1987. Most US banking stocks cede early gains to trade around flat or...
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Adani fights back
11. 2. 2023 No Responses

Adani fights back

Ever since the Adani Enterprises Limited Follow-On Offer opened on January 27, the group has been on the backfoot post the Hindenburg report questioning it and its finances. The aftershocks of the report rattled the group and its impact was...
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Boeing to lay off about 2,000 white-collar jobs in finance and HR
7. 2. 2023 No Responses

Boeing to lay off about 2,000 white-collar jobs in finance and HR

At the end of last month, on the same day that Boeing touted plans to hire 10,000 people this year, senior leadership convened virtual meetings internally to break bad news to nonunion staff in human resources and finance. Despite the...
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