Page 85 - Aer News Today

A look at the day ahead from Sujata Rao

Major U.S. stock indexes advanced on Tuesday, with the Dow Industrials and S&P 500 hitting intraday records, although gains were kept in check as Facebook shares fell in the wake of its quarterly earnings.

Lockheed Martin Corp dramatically lowered its sales expectations for this year and next on Tuesday as the COVID-19 pandemic severely hobbled the top U.S. defense contractor's supply chain, sending its shares down 12%.

Airports in the Italian cities of Rome, Venice and Bologna and on the French Riviera have teamed up to create a company to build and manage infrastructures for flying taxis, the companies said in a statement on Tuesday.

The U.S. Federal Communications Commission (FCC) on Tuesday voted to revoke authorization for China Telecom's U.S. subsidiary to operate in the United States, citing national security concerns.

Raytheon Technologies Corp raised its forecast for full-year adjusted profit on Tuesday, as rising commercial air travel boosted demand for the aerospace and defense firm's engines, spare parts and aftermarket services.

Raytheon Technologies' top boss warned on Tuesday the U.S. aerospace and defense firm will lose 'several thousand' employees who refused to take COVID-19 vaccines, as it prepares to meet the Biden administration's Dec. 8 deadline for immunization.

Airbus was forced for the second time in as many days to defend sharp increases in production, after one its engine makers said its industrial plans did not match Airbus proposals for a near-twofold increase in the output of A320 jets by 2025.

Democratic and Republican U.S. lawmakers urged President Joe Biden's administration not to sell F-16 fighter jets to Turkey and said they were confident Congress would block any such exports.

The Russian defence ministry on Monday handed a protest note to a German military attache due to the German defence minister's comments over the need to deter Russia's nuclear capabilities, RIA state news agency reported.