US aerospace giant Boeing has signed a billion-dollarcontract with French industrial software company Dassault Systemes to modernise its production system, French media said Tuesday. “Boeing has signed a 30-year contract worth a billion dollars, renewable every 10 years,” said Le Figaro newspaper, which is owned by the Dassault group. The partnership will focus on the … Read more
The White House has championed a new era of US leadership in space, but its aspirations are complicated by tight budgets, vacancies in top posts and the rising role of private industry in aerospace innovation, experts say. During a speech Thursday at NASA’s Kennedy Space Center, Vice President Mike Pence delighted hundreds of space agency … Read more
Iran’s Aseman Airlines has finalised an agreement to buy 30 Boeing 737 MAX jets for $3.0 billion, the company said Saturday, with an option to buy 30 more. The deal, announced in April, was signed at a ceremony in Tehran and the first 30 planes are due for delivery between 2022 and 2024. “I’m glad … Read more
China and Russia on Monday launched an ambitious project to jointly develop a long-haul jet to challenge Boeing and Airbus, just two weeks after the successful test flight of the first made-in-China large passenger plane. State-run Chinese manufacturer Commercial Aircraft Corporation of China (COMAC) and Russia’s United Aircraft Corporation (UAC) said they formally established the … Read more
Boeing has temporarily halted test flights of its new 737 MAX aircraft due to possible issues with the engine. The stoppage came days before the US plane maker was due to make its first delivery of the aircraft to a customer. But Boeing said it was sticking with plans to begin MAX deliveries this month, … Read more
The first large made-in-China passenger plane took off on its maiden test flight Friday, marking a key milestone on the country’s ambitious journey to compete with the world’s leading aircraft makers. The narrow-body C919 jet — white with green and blue stripes — soared over Pudong international airport in the commercial hub Shanghai as a … Read more
Aerospace giant Boeing said Wednesday declining costs boosted earnings for the latest quarter, but revenues missed analyst expectations as commercial plane deliveries dropped. Net income for the quarter ending March 31 rose 19 percent to $1.5 billion. But revenues fell 7.3 percent to $21 billion, below the $21.3 billion expected by Wall Street analysts. It … Read more
US Defence Secretary Jim Mattis visited Israel on Friday for talks expected to focus on Iran, Syria and the two countries’ close strategic relations despite recent tensions with Barack Obama’s adminstration. Mattis held talks with Defence Minister Avigdor Lieberman on Friday morning, to be followed by meetings with Prime Minister Benjamin Netanyahu and President Reuven … Read more
US Vice President Mike Pence announced $10 billion in deals between American and Indonesian companies during a visit to Jakarta Friday, as he pushed for greater access to Southeast Asia’s top economy. Eleven deals were signed. Energy firm Exxon Mobil, General Electric, and aerospace giant Lockheed Martin were among the American companies involved in the … Read more
Israel is to take delivery of three more F-35 stealth fighters from the United States on Sunday, adding to two which arrived in December, an army statement said. They are among 50 that Israel has agreed to buy from aerospace giant Lockheed Martin. US President Donald Trump has publically upbraided Lockheed over “out of control” … Read more
US President Donald Trump on Friday held a rally at a Boeing factory that just voted against unionizing, marking the unveiling of the company’s latest “Dreamliner” aircraft. Even as the aerospace giant hopes the new president will not follow through on his protectionist rhetoric, Trump doubled-down on his “made in America” manufacturing policy. At the … Read more