Tag: Aerospace and defense industry
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...
Senators ask Justice Department to take tougher action against Boeing executives over safety issues
Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives by holding them criminally accountable for safety...
Lithuania signs a deal with a US defense company on ammo production
VILNIUS, Lithuania -- Lithuania signed a deal with U.S. ammunition producer Northrop Grumman on Monday as it seeks to increase defense capabilities in...