U.S. start-up Impossible Aerospace said on Monday the first of its fully electric quadcopters, which can fly up to two hours on a single charge, nearly five times that of its closest competitors, will be delivered to customers later this year.
Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.
Tomahawk missile maker Raytheon Co on Thursday raised its earnings forecast for 2018 and reported stronger than expected results, but its shares fell on investor concerns about lower cash flow for the year.
American Airlines expects a return to revenue growth next year after taking steps to mitigate the impact of higher fuel costs that hit second-quarter profitability, Chief Executive Doug Parker said on Thursday.
Boeing Co on Wednesday posted better-than-expected quarterly profit and revenue but shares dropped as much as 3.6 percent after it reported $426 million in higher costs on its long-delayed KC-46 aerial refueling tanker program.
(This version of the July 20 story corrects paragraph 1 to say company will increase the use of supply chain sources from non-China countries, not start sourcing from countries other than China) | Video
Textron Inc reported a higher-than-expected quarterly profit and raised its 2018 forecast on Wednesday, but its shares fell 5 percent as investors focused on the relative strength of its aviation business order book.
SEATTLE Boeing Co's first-half aircraft deliveries rose more than 7 percent, lifted by demand for its bestselling 737 jetliners as airlines seek more fuel-efficient planes, and orders were more than double those of European rival Airbus SE .
Top U.S. automakers reported stronger June sales, as consumers continued to snap up sport utility vehicles and trucks in larger numbers, parking for now worries about rising fuel prices, higher interest rates and trade tensions. | Video
German carmaker Audi AG has partnered with autonomous vehicle simulation platform provider Cognata Ltd to speed up the development of autonomous vehicles, the Israel-based startup said on Tuesday.