ANA Holdings Inc. gave Boeing Co.’s 787 Dreamliner a vote of confidence by ordering 14 more of the jets as part of a $16.6 billion shopping spree a year after regulators grounded the composite aircraft.
Boeing Co.’s 787 Dreamliner gained a vote of confidence as ANA Holdings Inc. ordered 14 more of the jets as part of a $16.6 billion shopping spree a year after regulators grounded the composite aircraft.
Rolls-Royce Holdings Plc said sales won’t grow this year for the first time in a decade as lower demand for defense equipment cuts into civil-aviation sales, sending the stock tumbling the most in more than 13 years.
Rolls-Royce Plc faces costs and penalties of more than the 50 million pounds ($80 million) to fix its Trent 900 engine that blew up on an Airbus SAS A380 operated by Qantas Airways Ltd., according to Nick Cunningham of Agency Partners.
Boeing Co., the world’s largest planemaker, rose the most in more than two years after boosting its annual profit forecast and beating analysts’ third-quarter estimates with an increase in jetliner deliveries.
Airbus SAS and Rolls-Royce Group Plc began investigating why an engine on a Qantas Airways Ltd. A380 superjumbo exploded in mid flight, forcing an emergency landing in the worst incident since the aircraft began service in 2007.
Chemring Group Plc, a U.K. supplier of countermeasures for combat jets, fell the most in 16 years after saying global political turmoil, currency shifts and production snags will reduce earnings this year and next.
European defense companies from Rheinmetall AG to Cobham Plc are bearing the brunt of government budget cuts, contrasting with a more upbeat outlook in the U.S., where companies are still showing resilience to reductions.
European Aeronautic, Defence & Space Co. proclaimed the dawning of an era of corporate simplicity featuring a slimmer company structure, steady dividends, less program risk -- and a new name short enough to fit on a T-shirt.