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Reuters - 7 hours ago

Struggle for skilled workers in spotlight at Farnborough Airshow

Struggle for skilled workers in spotlight at Farnborough Airshow Aerospace sector faces talent shortage If it were a country, it would have 4.4% unemployment -McKinsey Sees rising competition for engineers from AI sector STEM education, gender diversity seen key to addressing problem By Tim Hepher, Allison Lampert and David Shepardson FARNBOROUGH, England, July 26 (Reuters) - Germany's Lilium Jet has a queue of young engineers and students waiting to board thanks to the interest of a five-year-o

Reuters - 8 hours ago

Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens

EXCLUSIVE-Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens Adds FAA comment in paragraph 13, brings up paragraph on Airbus By Allison Lampert and David Shepardson WASHINGTON, July 26 (Reuters) - Boeing BA.N is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S.

Reuters - 8 hours ago

Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens

EXCLUSIVE-Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens By Allison Lampert and David Shepardson WASHINGTON, July 26 (Reuters) - Boeing BA.N is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S. planemaker widens checks for false paperwork used to authenticate the metal used in commercial jets.

Reuters - 1 day ago

L3Harris raises 2024 outlook amid global tensions

L3Harris raises 2024 outlook amid global tensions July 25 (Reuters) - L3Harris LHX.N raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns. The defense firm raised its 2024 adjusted profit forecast to be between $12.85 and $13.15 per share, up from its previous range of $12.70 to $13.05. Analysts were expecting $12.97 per share, according to LS

Reuters - 1 day ago

Jetmaking industrial problems overshadow orders at damp air show

Jetmaking industrial problems overshadow orders at damp air show By Tim Hepher, Allison Lampert and David Shepardson FARNBOROUGH, England, July 25 (Reuters) - The world's largest air show fizzled out on Thursday with a solid new Saudi jetliner order unable to dispel the gloom over recent problems in producing planes fast enough to meet demand. Britain's Farnborough Airshow opened earlier this week amid alarm signals from airlines over falling yields or average fares.

Reuters - 1 day ago

US judge should reject Boeing plea deal, crash victim families say

UPDATE 2-US judge should reject Boeing plea deal, crash victim families say Updates with DOJ, Boeing decline to comment in paragraph 5, background, details in paragraph 6, 10, 13 By David Shepardson July 25 (Reuters) - U.S. District Judge Reed O'Connor should reject a "sweetheart" plea deal the Justice Department struck with Boeing BA.N , relatives of 15 of the 346 people killed in two fatal 737 MAX crashes said on Thursday.

Reuters - 1 day ago

US judge should reject Boeing plea deal, crash victim families say

US judge should reject Boeing plea deal, crash victim families say July 25 (Reuters) - U.S. District Judge Reed O'Connor should reject a "sweetheart" plea deal the Justice Department struck with Boeing BA.N , relatives of some of the 346 people killed in two fatal 737 MAX crashes said on Thursday. Late Wednesday, the planemaker finalized an agreement to plead guilty to a criminal fraud conspiracy charge and pay at least $243.6 million after breaching a 2021 deferred prosecution agreement.

Reuters - 2 days ago

CrowdStrike in cursed grip of corporate klutz club

RPT-BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.

Reuters - 2 days ago

CrowdStrike in cursed grip of corporate klutz club

Reuters - 2 days ago

Honeywell trims annual profit forecast on muted industrial automation demand

Honeywell trims annual profit forecast on muted industrial automation demand July 25 (Reuters) - Honeywell International Inc HON.O on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the diversified industrial firm down 4.5% in premarket trade. Sales in Honeywell's industrial automation business were hit by volume softness in warehouse and workflow solutions as the company looks to offload existing inventory before ordering

Reuters - 2 days ago

American Airlines CEO Says Have Great Relationship With Boeing, But They Have A Lot Of Work To Do - CNBC

BRIEF-American Airlines CEO Says Have Great Relationship With Boeing, But They Have A Lot Of Work To Do - CNBC July 25 (Reuters) - AMERICAN AIRLINES CEO ON OUTAGE SAYS WE HAVE TALKED TO CROWDSTRIKE, WORKING TO MAKE SURE WE ARE PROTECTED IF ISSUES LIKE THIS COME UP AGAIN - CNBC AMERICAN AIRLINES CEO ISOM SAYS WE NEED BOEING TO BE "INCREDIBLY STRONG"

Reuters - 2 days ago

Southwest Airlines' open seating to end as it looks to lift earnings

UPDATE 5-Southwest Airlines' open seating to end as it looks to lift earnings Adds comment from Elliott Investment in paragraphs 15, 16 By Rajesh Kumar Singh and Shivansh Tiwary July 25 (Reuters) - Southwest Airlines LUV.N announced sweeping changes on Thursday, including plans to end open seating that has been the hallmark of its brand for decades as it faces investor pressure to improve results and shore up its share price.

Reuters - 2 days ago

Southwest Airlines beats Q2 profit expectations, marks shift to premium seating

Southwest Airlines beats Q2 profit expectations, marks shift to premium seating July 25 (Reuters) - Southwest Airlines LUV.N beat analysts' expectations for second-quarter profit on Thursday and said it would introduce both assigned and premium seating in its cabins, marking a significant shift away from its traditional business model. Airlines are enjoying a summer travel boom, borne out by the fact that more than 3 million people passed through U.S.

Reuters - 2 days ago

China's secretive spaceplane likely testing 'dual use' technology, experts say

ANALYSIS-China's secretive spaceplane likely testing 'dual use' technology, experts say By Gerry Doyle SINGAPORE, July 25 (Reuters) - China's shadowy, uncrewed reusable spacecraft, which launches atop a rocket booster and lands at a secretive military airfield, is most likely testing technology but could also be used for manipulating or retrieving satellites, experts say.

Reuters - 2 days ago

China's secretive spaceplane likely testing 'dual use' technology, experts say

Reuters - 2 days ago

Boeing finalizes 737 MAX guilty plea deal, US outlines reasons

UPDATE 3-Boeing finalizes 737 MAX guilty plea deal, US outlines reasons Updates with details on fine in paragraph 12 By David Shepardson, Allison Lampert and Chris Prentice July 24 (Reuters) - Boeing BA.N finalized a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least $243.6 million after breaching a 2021 agreement with the U.S.

Reuters - 2 days ago

US finalizes details of Boeing 737 MAX plea deal

US finalizes details of Boeing 737 MAX plea deal July 24 (Reuters) - The Justice Department said Boeing BA.N has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million after the Justice Department said the planemaker had breached a 2021 deferred prosecution agreement, according to a court filing. The planemaker on July 7 had agreed in principle to plead guilty to conspiring to defraud the Federal Aviation Administration after the government said the planema

Reuters - 2 days ago

Textron close to buying Spirit Aero fuselage program for V-280 military aircraft, source says

Textron close to buying Spirit Aero fuselage program for V-280 military aircraft, source says By Allison Lampert FARNBOROUGH, England, July 24 (Reuters) - Textron TXT.N is close to acquiring the fuselage-making program for its V-280 military aircraft from Spirit AeroSystems SPR.N , according to a source familiar with the matter, in the latest carve-out from Boeing's BA.N recent deal to acquire the Kansas-based supplier.

Reuters - 2 days ago

What to Watch in the Day Ahead - Thursday, July 25

What to Watch in the Day Ahead - Thursday, July 25 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT The U.S. Commerce Department is scheduled to publish its advance estimate of second-quarter GDP growth, which is expected to show a pick-up in activity at a 2.0% annualized rate from the January-M

Reuters - 3 days ago

Leonardo and unions stave off shutdown of Italy Grottaglie plant

UPDATE 1-Leonardo and unions stave off shutdown of Italy Grottaglie plant Updates after company confirm deal with unions ROME, July 24 (Reuters) - Italy's Leonardo LDOF.MI has reached an agreement with unions to avoid a planned temporary closure of its Grottaglie plant in southern Italy related to the slowdown in Boeing 787 production, the aerospace company said on Wednesday.

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