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.
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.
Airbus SAS will offer a shorter- range version of its twin-engine A330-300 airliner as the manufacturer seeks to tap demand from China for regional operations and extend the life of its 20-year-old model.
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.
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.
Airbus SAS is pushing airlines to view its A380 superjumbo as a high-density workhorse rather than a luxury flagship as it targets orders from mass-market carriers in countries such as China, Japan and Indonesia.
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.
Airbus SAS’s new A350 plane is scheduled to perform its maiden flight in two days’ time, as the European manufacturer seeks to gain a larger slice of the lucrative wide-body market still dominated by Boeing Co.
BAE Systems Plc, Europe’s largest defense company, said production of Typhoon combat jets may extend past this decade as it works to secure a follow-up order in Saudi Arabia and for 60 jets from the United Arab Emirates.
European Aeronautic, Defence & Space Co. ’s rejection for a $35 billion U.S. tanker contract threatens its goal to cut reliance on commercial aircraft and may force it to seek acquisitions at home to build up defense operations.