Aerospace & Defense

Northrop's long-range U.S. bomber work paused after protest

WASHINGTON Work on a recently awarded long-range strike bomber contract to Northrop Grumman Corp has been paused after rivals Boeing Co and Lockheed Martin protested against the selection process, the U.S. Air Force said. Air Force spokesman Major Robert Leese said the order to stop work was issued after a formal protest was filed on Nov. 6.

British Airways-owner IAG denies it is in Finnair deal talks

LONDON/HELSINKI British Airways-owner IAG is not in talks with Finnair , it said on Thursday, denying a report in a Finnish newspaper that had fueled speculation it might take a stake in the Finnish airline.

UPDATE 2-British Airways-owner IAG denies it is in Finnair deal talks

LONDON/HELSINKI, Nov 12 British Airways-owner IAG is not in talks with Finnair, it said on Thursday, denying a report in a Finnish newspaper that had fuelled speculation it might take a stake in the Finnish airline.

Spain's Aernnova working with STJ Advisors on $1.5 billion IPO: sources

LONDON Aircraft components maker Aernnova's planned initial public offering could value the Spanish business at around 1.4 billion euros ($1.5 bln), two sources familiar with the matter said on Thursday.

Raytheon partners with Saudi electronics company, eyes civil orders

DUBAI Raytheon Company plans to partner with a Saudi electronics firm to grow its presence in the Gulf, part of a push to expand global commercial sales, its international chief executive said this week.

British Airways-owner IAG says not in talks with Finnair

LONDON, Nov 12 British Airways-owner IAG said it was not in talks to acquire Finnish carrier Finnair, denying a report in a Finnish newspaper that said talks between the pair had advanced.

Japan's first passenger plane in 50 years makes maiden flight

TOKYO Japan's first commercial passenger plane in half a century made its maiden flight on Wednesday, in a breakthrough for the country's long-held ambition to establish an aircraft industry able to challenge some of the major players in global aviation.

BAE nears sale of U.S. manpower and services businesses: sources

Britain's BAE Systems Plc is in advanced talks to sell its U.S. manpower and services businesses to private equity firm Veritas Capital Management LLC for more than $1 billion, according to people familiar with the matter.

U.N. agrees on radio spectrum for global flight tracking

GENEVA A U.N. conference agreed on Wednesday to dedicate part of the radio spectrum to a global flight tracking system, to avoid a repeat of the disappearance of Malaysian Airlines flight MH370 in March last year.

Boeing drops GKN for part of 737MAX plan, delivery on track for 2017

Boeing Co said it has dropped GKN PLC as a supplier for one component on its 737 MAX jetliner, while it reaffirmed its expectation for delivery of the jet to customers beginning in 2017.