Category: Aerospace / Defense

RTX to take $3 billion charge on Pratt & Whitney engine failures
11. 9. 2023 No Responses

RTX to take $3 billion charge on Pratt & Whitney engine failures

Pratt & Whitney engine flaw will ground 350 planes per year through 2026. RTX Corp.’s plan to address the latest flaw in its marquee commercial jet engine will ground hundreds of Airbus SE A320neo aircraft over the next three years,...
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North Korea Launched New Tactical Nuclear Attack Submarine
8. 9. 2023 No Responses

North Korea Launched New Tactical Nuclear Attack Submarine

Pyongyang says it has nuclear-tipped missiles which are capable of being fired underwater. State media descriptions have said it has ten total missile launch tubes, with four bigger than the others. The sub will next undergo sea trials. “We are full of...
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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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Raytheon Accumulated a Backlog of $185 Billion
28. 7. 2023 No Responses

Raytheon Accumulated a Backlog of $185 Billion

Raytheon has called in retired engineers to teach its employees how to build the Stinger missiles heavily used by Ukraine’s military—using blueprints drawn up during the Carter administration. It’s the latest example of a private company working to ramp ...
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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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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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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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Bulgaria Refuses To Send Weapons To Ukraine, Joins Hungary & Austria’s Neutral Stance
28. 3. 2023 No Responses

Bulgaria Refuses To Send Weapons To Ukraine, Joins Hungary & Austria’s Neutral Stance

After Austria and Hungary, Bulgaria has also joined the minority group of European Union countries that refuse to send weapons to Ukraine, news and opinion portal Mandiner reports. Bulgaria has declared that it will not take part in the EU’s joint...
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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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Pentagon seeks $300 billion to replenish depleted munitions sent to Ukraine
9. 3. 2023 No Responses

Pentagon seeks $300 billion to replenish depleted munitions sent to Ukraine

The US Department of Defense has planned to seek a huge budget to replenish the arms and munitions the Pentagon sent to Ukraine, where Moscow says it’s fighting a proxy war against Russia.  The Pentagon seeks more than $300 billion...
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Credit Suisse upgrades Lockheed Martin
9. 2. 2023 No Responses

Credit Suisse upgrades Lockheed Martin

Credit Suisse upgraded their outlook for Lockheed Martin from Underperform to Outperform. Analyst Price Forecast Suggests 4.56% Upside As of February 7, 2023, the average one-year price target for Lockheed Martin is $490.48. The forecasts range from a l...
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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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Australia Procures UH-60M Black Hawk Helicopters, Replacing MRH-90 Taipan
26. 1. 2023 No Responses

Australia Procures UH-60M Black Hawk Helicopters, Replacing MRH-90 Taipan

The acquisition will be made as part of the Project LAND 4507-1 of the Australian Army, and would be done through US Foreign Military Sales (US FMS) program. The deliveries of the Black Hawk helicopters are expected to start later...
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Boeing Tumbles On Unexpected Q4 Loss
25. 1. 2023 No Responses

Boeing Tumbles On Unexpected Q4 Loss

Boeing reported an unexpected loss to end 2022 as the planemaker grappled continued to grapple with high costs that threaten to slow further its already moribund recovery. The aerospace giant reported an adjusted EPS loss of $1.75 in the fourth...
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