aerospace
By Allison Lampert (Reuters) – Striking workers’ rejection of planemaker Boeing (NYSE:)’s latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge. If the strike by more than 33,000 U.S. Boeing workers persists another month, the Orange County, California supplier might need…
SpaceX compared itself to another space company in its lawsuit against a California agency.Phantom Space CEO Jim Cantrell, a longtime colleague of Elon Musk, supports SpaceX.’It’s very un-American, it’s very anti-competitive,” he said of the commission. Jim Cantrell, the founder of Phantom Space, said he sides with his longtime colleague…
By Abhijith Ganapavaram and Allison Lampert (Reuters) -Boeing on Wednesday named aerospace industry veteran Kelly Ortberg as its new President and CEO after a months-long search, tasking the former Rockwell Collins (NYSE:) executive with the monumental job of turning around the struggling planemaker. Ortberg, 64, will start on Aug. 8…
Woodward Inc. (NASDAQ:) showcased resilience and strategic growth during its third-quarter fiscal year 2024 earnings call. CEO Chip Blankenship discussed the company’s dedication to innovation, with notable collaborations with Boeing (NYSE:) and NASA on aircraft wing controls and investment in alternative fuel research. Despite supply chain challenges in the aerospace…
A French aerospace company is trying to convince disgruntled American SpaceX employees to leave the US for Europe after billionaire Elon Musk announced he would relocate his rocket company from California to Texas.The offer comes days after Musk announced his intention to relocate SpaceX out of California after the state…
By Tim Hepher, David Shepardson and Rachel More FARNBOROUGH, England (Reuters) – A humbled aerospace industry holds its annual festival next week struggling to meet demand because of a crisis inside its plants. For decades a venue for planemakers led by Airbus and Boeing (NYSE:) to boast about billions of…
By Jesus Calero, Shashwat Chauhan and Shristi Achar A (Reuters) -European shares declined on Tuesday as Airbus tumbled after a profit warning and sparked an aerospace-related sell-off, while investors focused on French parliamentary elections later in the week. The continent-wide ended 0.2% lower. Airbus tumbled 9.4% and was among the…
By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing (NYSE:). Russel Stokes, head of GE Aerospace’s commercial engines and services, said while the company is aligned with Boeing’s…
The UK government recently announced a multimillion-dollar investment in advanced manufacturing. As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. The funding is poised to benefit innovative small businesses across the industry. The UK government has announced a £975 million investment…
