More Aerospace & Defense News

China plans spy base in Cuba focused on U.S.: WSJ

China and Cuba have reached an agreement in principle for Beijing to set up an electronic eavesdropping facility in the Caribbean island nation, according to a Wall Street Journal report citing unnamed U.S. officials famil...

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Boeing stock drops on warning about defect on 787 Dreamliner planes

Boeing says it found new problems with its Dreamliner jets but that it won't affect the full-year delivery outlook.

Biden White House says it can’t say yet what happened to damage Ukrainian dam

White House spokesman John Kirby said Tuesday that the Biden administration “cannot say conclusively what happened at this point” to the Kakhovka dam in Ukraine. “What we absolutely can say is that the damage to the Ukrain...

Blinken’s China trip now back on after postponement due to spy balloon

U.S. Secretary of State Antony Blinken plans to visit China in the coming weeks for talks, according to multiple published reports Tuesday citing unnamed sources. He had planned a trip to China in February but it was postp...

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Biotech stocks could soon get a M&A boost. Here are 3 likely takeover plays.

Big pharma will be looking to acquire companies with promising new medicines.

Cornel West announces third-party presidential bid

Cornel West, a former Harvard and Princeton professor now at Union Theological Seminary, said Monday that he’s running for president in 2024. “I am running for truth and justice as a presidential candidate for the People’s...

Pence makes presidential campaign official ahead of Wednesday launch

Former Vice President Mike Pence on Monday kicked off his 2024 presidential campaign, filing paperwork with the Federal Election Commission. Pence is expected to hold a launch event for his campaign in Iowa on Wednesday.

N.H. Republican Gov. Sununu says he won’t run for president

New Hampshire Gov. Chris Sununu, a Republican, told CNN on Monday he won’t run for president in 2024. He previously said he would make a decision around mid-June on seeking the GOP nomination.

Safran confirms talks to buy some of Raytheon’s flight control activities

Shares of Raytheon Technologies Corp. RTX gained 0.4% in midday trading Monday, after France-based aerospace and defense contractor Safran SA SAFRYFR:SAF confirmed it was in talks to buy some of Raytheon’s flight control a...

Barnes Group buying MB Aerospace in $740 mln deal

Barnes Group Inc. B on Monday announced plans to buy Motherwell, U.K.-based component maker MB Aerospace in a deal valued at about $740 million. The deal is expected to close in the fourth quarter. The deal is expected to...

SAIC stock jumps after profit rises well above expectations, full-year outlook raised

Shares of Science Applications International Corp. SAIC jumped 5% in premarket trading Monday, after the maker of components for the defense and space markets reported fiscal first-quarter profit that was well above expect...

Surf Air Mobility files to go public on NYSE with no underwriter

Surf Air Mobility Inc. on Monday filed plans to list its stock for trading under the symbol SRFM in an upcoming initial public offering on the New York Stock Exchange. The Hawthorne, Calif., company specializes in propriet...

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As China’s airlines struggle to get back on their feet, a homegrown rival to Boeing and Airbus at last takes to the skies

The Comac C919, which is positioned to compete with Boeing’s 737 Max and Airbus’s A320, took its first commercial flight this week, from Shanghai to Beijing

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Nvidia and other tech plays are overpriced. Here’s where you’ll find the next big-money stocks.

These alternative energy and space-related stocks could be the Apples and Nvidias of the future, writes Cody Willard.

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Senate passes debt-ceiling bill in 63-36 vote, sending it to Biden to get signed into law

Congress had been racing to approve the debt-limit bill to meet the Treasury’s Monday deadline, and investors have been tracking the drama closely.

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Debt-ceiling deal: Here’s what’s next as Senate prepares to vote

President Joe Biden and House Speaker Kevin McCarthy struck a debt-ceiling deal over Memorial Day weekend, and the House passed the bill on Wednesday.

AerCap units price $1 billion offering of five-year bonds

AerCap Holdings N.V. AER said Wednesday its AerCap Ireland Capital Designated Activity Co. and AerCap Global Aviation Trust have priced a $1 billion offering of 5.750% senior five-year bonds at 99.031, or at a yield to mat...

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From McDonald’s to Morgan Stanley, UBS says these stocks are favorably positioned for AI.

What do McDonald's, Visa, Nike, Chipotle, Shell and Morgan Stanley have in common? They are "favorably positioned," for generative AI, says UBS.

Oshkosh to pay $800 million to buy John Bean Technologies’ AeroTech business to enter the air transportation support market

Vehicles and equipment maker Oshkosh Corp. OSK announced Tuesday an agreement to pay $800 million in cash to buy John Bean Technologies Corp.’s JBT AeroTech business. Shares of both Oshkosh and JBT were still inactive in t...

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Flight attendants brace for summer of passengers behaving badly: ‘I’m ready for it’

‘There’s no such thing as travel etiquette,’ one U.S.-based flight attendant says.