Aerospace and Defense Companies Involved in NASA Artemis 1 Launch into Space

NASA has set a two-hour launch window on November 16 for its Artemis 1 launch from NASA’s Kennedy Space Center in Florida. Weather conditions were 90 percent favorable late Monday. The unmanned launch will be the first of NASA’s Artemis missions that seek to bring astronauts back to the moon for the first time since 1972. The goal is to establish a presence there before sending people to Mars. Major companies from the defense and space sectors are deeply involved … Continue reading “Aerospace and Defense Companies Involved in NASA Artemis 1 Launch into Space”

Boeing Loss Widens Analysts Miss Big Revenue Drop

Boeing on Wednesday reported a quarterly loss of more than $3 billion quarterly loss compared with a $132 million loss a year earlier. Sales in the quarter were $15.96 billion missing analysts $17.76 billion forecast. Boeing’s defense business continued to be weighed down with losses of $2.8 billion on programs including the KC-46 tanker and Air Force One. $BA said it had positive operating cash flow in the third quarter. It reiterated the target of generating surplus cash for the … Continue reading “Boeing Loss Widens Analysts Miss Big Revenue Drop”

Boeing Profit Lower as Charges Mount in Military and Space Unit

Boeing on Wednesday reported a profit of $160 million, down from $567 million, or $1, during the same period a year earlier. Sales in the quarter fell 2% to $16.7 billion, missing analysts $17.6 billion forecast. BA said it had positive operating cash flow in the second quarter. It reiterated the target of generating surplus cash for the full year. Boeing’s defense business continued to be weighed down by around $400 million in charges during the quarter. BA continues to … Continue reading “Boeing Profit Lower as Charges Mount in Military and Space Unit”

A Quarter of Chinese Stocks Crash 10% as Trump Threatens Another $200 Billion in Tariffs

Stock markets opened lower on tuesday as investors eyes shifted from last week’s Federal Reserve policy statement to President Trump hitting China with threats of another $200 billion in tariffs. Shanghai markets were routed with over 1000 stocks falling 10%.