Aerospace and Defense
NEW YORK - Aerospace and defense mergers will pick up in 2010 as larger companies seek targets in areas such as intelligence surveillance and take advantage of lower valuations, executives told Reuters this week.
WASHINGTON - Business jet demand is beginning to stabilize and should rebound in 2011 after a turbulent time in which the industry's products became an emblem of American corporate excess.
WASHINGTON - The U.S. aerospace industry, seeking to promote itself as a source of much-needed jobs, appealed for up to $6.4 billion from the government's bailout fund but denied that it was seeking a taxpayer handout.
WASHINGTON - EADS North America Chief Executive Sean O'Keefe on Wednesday said Pentagon officials had been receptive and professional in discussions with his team about the terms of a multibillion dollar refueling aircraft competition.
WASHINGTON - Airbus parent EADS is still pursuing U.S. acquisitions and aims to keep growing regardless of the outcome of an epic procurement contest with Boeing Co , EADS' top North American executive said.
WASHINGTON - The U.S. Senate Armed Services Committee said it was "deeply concerned" about Lockheed Martin Corp's F-35 fighter program, the Pentagon's costliest acquisition at roughly $300 billion.
WASHINGTON - Boeing Co said it may part ways with Lockheed Martin Corp in pursuit of a potential new multibillion-dollar family of long-range U.S. bombers.
WASHINGTON - Boeing Co said on Wednesday it was comfortable bidding for billions of dollars of work building new aerial refueling planes after robust talks with the Pentagon about what was needed to make a fixed price development contract succeed.
WASHINGTON - The U.S. aerospace industry on Wednesday forecast that military demand for unmanned aircraft would double over the next five years after rising 600 percent since 2004.
WASHINGTON - A jumbo French stimulus loan championed by President Nicolas Sarkozy could be a model for job-boosting investments needed in the U.S. aerospace industry, a top aviation industry official said on Wednesday.
WASHINGTON - U.S. exports of aerospace products plunged 17 percent this year to $78.9 billion amid slowing sales growth overall, the industry's chief trade association said on Wednesday.
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