Aircraft Engines News
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Airbus SAS planes used by German Chancellor Angela Merkel will be equipped with a system to safeguard them from attack by heat-seeking missiles.
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European Aeronautic, Defence & Space Co., Europe’s biggest aerospace and defense company, and Safran SA used currency hedges to lock in lower exchange rates for the next four years after the euro weakened, filings show.
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Rolls-Royce Holdings Plc, Europe’s largest maker of aircraft engines, said the head of its main aerospace unit, Mark King, will depart in June, triggering a reorganization of management ranks.
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The following is the text of Canada’s international merchandise trade report for March from Statistics Canada.
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European stocks fell to a three- week low, led by a selloff in banks, as the leader of Italy’s Democratic Party ruled out the possibility that rival politicians will agree on a broad coalition government.
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Treasuries rallied and the euro weakened to a four-month low against the dollar, while Italian and Spanish bonds slumped, as concern about Europe’s debt crisis deepened. Most U.S. stocks fell, even as the Standard & Poor’s 500 Index pared a drop of as much as 0.8 percent.
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Boeing Co. Chief Executive Officer Jim McNerney has thrown himself into the investigation of the company’s grounded 787 Dreamliner, conferring at least twice a day with a half-dozen top executives.
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Rolls-Royce Holdings Plc, the world’s second-largest maker of commercial aircraft engines, predicted rising profit for this year, extending its streak of annual gains into a second decade as airliner demand booms.
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France is selling about 13 million shares of Safran SA, Europe’s second-biggest maker of aircraft engines, for as much as 452 million euros ($581 million).
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Almost 400 General Electric Co. aircraft engines must be inspected more frequently for cracks to prevent failures, federal aviation regulators told U.S. airlines following “urgent” recommendations by a safety board.
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