DefenceTalkBoeing shares were in free-fall early Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane. Shares were down around nine percent at $152.30 in early trading after Boeing’s results […]https://www.defencetalk.com/boeing-shares-dive-as-777x-delay-air-force-one-woes-lead-to-1-2-bn-loss-78737/

DefenceTalkDefenceTalkChina has called off its biennial airshow due to the coronavirus, a further blow to a global aviation industry heavily disrupted by the pandemic. The show, scheduled to take place in the southern coastal city of Zhuhai from November 10, was set to feature major companies such as Boeing. But China remains closed off to […]https://www.defencetalk.com/chinas-biggest-airshow-cancelled-for-first-time-over-pandemic-76296/

DefenceTalkBoeing lost $52 billion on the stock market in a week, a rout that underscores the challenges facing the aircraft manufacturer amid setbacks over the 737 MAX and the coronavirus pandemic. But Boeing remains a business behemoth key to the American economy. The industrial giant has lost all the gains amassed since President Donald Trump […]https://www.defencetalk.com/economic-heavyweight-boeing-hammered-by-dual-crises-74832/

Iran’s Revolutionary Guards unveiled Sunday a short-range ballistic missile that they said can be powered by a “new generation” of engines designed to put satellites into orbit. The Guards’ Sepahnews website said the Raad-500 missile was equipped with new Zoheir engines made of composite materials lighter than on earlier steel models. It also unveiled Salman […]

DefenceTalkAirbus chief Tom Enders on Thursday warned the European aerospace giant could make “very harmful decisions” for Britain if it leaves the European Union without a deal, the latest multinational to issue a stark alert. Enders branded the government’s handling of Brexit a “disgrace” and suggested 14,000 jobs at its sites designing and manufacturing wings […]https://www.defencetalk.com/airbus-warns-no-deal-brexit-could-spark-very-harmful-decisions-72078/

DefenceTalkThe Brazilian government is not poised to interrupt plans for a tie-up between national planemaker Embraer and US giant Boeing, a senior official said Monday, days after President Jair Bolsonaro expressed wariness over the venture. The government “is not thinking of interrupting this negotiation,” Augusto Heleno, secretary for institutional security, said after accompanying Bolsonaro to […]https://www.defencetalk.com/brazil-government-not-looking-to-interrupt-embraer-boeing-tie-up-72011/

DefenceTalkA Brazilian federal court on Thursday suspended a proposed $4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office. The Sao Paulo court said it was it was taking action to avoid “possible concrete acts” being taken on the aviation […]https://www.defencetalk.com/brazil-court-suspends-boeing-embraer-tie-up-71970/

DefenceTalkThe United States indicted 10 Chinese, including two intelligence officers, over a five-year scheme to steal technology from US and French aerospace firms by hacking into their computers. The indictments came 20 days after the Department of Justice obtained the unprecedented extradition of a senior Chinese intelligence official from Belgium to stand trial in the […]https://www.defencetalk.com/us-indicts-10-chinese-over-scheme-to-steal-aerospace-tech-71915/

DefenceTalkSAINT CLOUD, France: On Friday 24 November, Dassault Aviation, Safran and Thales, which together make up Rafale International, were invited by the Centre Val de Loire Regional Council and AEROCENTRE to the aeronautical forum being held in Tours, to present its creation of an industrial aeronautical sector in India, as part of the “Make in […]https://www.defencetalk.com/rafale-team-looking-for-smes-to-set-up-industrial-aeronautical-sector-in-india-70861/

DefenceTalkOrbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, announced today that the company has booked approximately $600 million in orders during the past three months for the company’s medium-caliber cannons and related munitions. These orders were placed by multiple customers who have contracted for the popular MK44 and M230 link-fed Bushmaster® […]https://www.defencetalk.com/strong-global-demand-for-bushmaster-cannons-and-medium-caliber-ammunition-69213/