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PARIS Airbus plans to increase production of single-aisle A320-family aircraft to 63 a month, a company spokesman said, confirming press reports.
Boeing Co's profit jumped by more than half in the first quarter, surging past Wall Street forecasts, and strong sales of commercial jets led it to raise its forecasts for cash flow and earnings after a record 2017.
General Dynamics Corp reported a better-than-expected quarterly profit on Wednesday, with sales of tanks and weapons systems boosted by greater U.S. defense spending, but the company's overall sales were hit by flagging sales for corporate jets.
BERLIN Airbus and Dassault Aviation have signed an initial agreement to cooperate on Europe's Future Air Combat System (FCAS) even though the two are rivals and have not yet said which one of them would lead the project.
LONDON Britain is considering setting up a satellite navigation system to rival the European Union's Galileo project amid a row over attempts to restrict Britain's access to sensitive security information after Brexit, the Financial Times reported.
MOLKINO, Russia The Kremlin says it has nothing to do with Russian civilians fighting in Syria but on three recent occasions groups of men flying in from Damascus headed straight to a defense ministry base in Molkino, Reuters reporters witnessed. | Video
For the third year running KU Leuven tops Reuters ranking of Europe’s most innovative universities, a list that identifies and ranks the educational institutions doing the most to advance science, invent new technologies and power new markets and industries. A Dutch-speaking school based in Belgium's Flanders region KU Leuven was founded in 1425 by Pope Martin V and continually produces a high volume of influential inventions. Patents filed by KU scientists are frequently cited by other researchers in academia and in private industry. That’s one of the key criteria in Reuters’ ranking, which was compiled in partnership with Clarivate Analytics, and is based on proprietary data and analysis of patent filings and research paper citations.
MOSCOW Russia plans to deliver new air defense systems to Syria in the near future, RIA news agency cited Russia's Defence Ministry as saying on Wednesday.
MOSCOW The foreign ministers of Russia, Turkey and Iran will meet on April 28 to discuss Syria in Moscow, Interfax news agency reported on Wednesday, citing a source at Russia's foreign ministry.
SOFIA It is unlikely that five Bulgarians will be extradited to the United States to face charges of exporting aircraft parts to Syria's national airline in violation of a U.S. embargo, Bulgarian chief prosecutor Sotir Tsatsarov said on Wednesday.
SINGAPORE Hong Kong's Cathay Pacific Airways Ltd expects its core airline business, which has been operating at a loss, to swing into the black next year as a turnaround plan bears fruit, the carrier's chief executive said on Wednesday.
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WASHINGTON President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook to discuss trade issues on Wednesday as the technology industry grapples with a U.S. tariff spat with China, a manufacturing hub for the iPhone maker and other companies.