Tag: Aerospace and defense industry
Companies from UK, Italy and Japan to form joint venture for new fighter jet
LONDON -- The three companies building a next generation fighter jet for the U.K., Italy and Japan revealed Friday that they are forming...
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
WASHINGTON -- WASHINGTON (AP) — President-elect Donald Trump announced Friday that he'll nominate hedge fund manager Scott Bessent, an advocate for deficit reduction,...
Jury orders Bell Helicopter to pay $16 million to former supplier in a trade-secrets case
FORT WORTH, Texas -- A Texas jury ordered Bell Helicopter Textron to pay $16 million to a California company that claims Bell gave...
Pentagon audit says Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000%
WASHINGTON -- WASHINGTON (AP) — Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000%...
The leaders of India and Spain launch India's first private military aircraft plant
VADODARA, India -- Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez inaugurated India's first private military aircraft plant Monday, boosting...
Airbus to lay off 2,500 as it tries to turn around its space and defense division
European aircraft maker and Boeing rival Airbus said Wednesday that it was laying off 2,500 workers as it tries to turnaround its struggling...