Tag: Aerospace Products/Parts
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Raytheon’s stock heads for worst selloff since 9/11
[ad_1] Raytheon Technologies Corp.’s stock tumbled 10% Tuesday, its worst day in more than three years, after the aerospace and defense company said it needs to remove certain Pratt & Whitney jet engines from service for inspection. The stock RTX, -10.22% ended at its lowest since Oct. 17, when it closed at $84.47. It suffered…
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Raytheon gets $264 million U.S. Navy modification contract for missiles
[ad_1] Raytheon Technologies said Monday it will produce and deliver 571 AIM-9X Sidewinder missiles and parts for the U.S. Navy, U.S. Air Force and foreign military sales customers as part of a $264 million modification to a contract it received at the end of last year. Raytheon RTX, -0.27% will also provide captive air training…
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Nvidia’s market cap gain is bigger than all of Disney, Netflix, Boeing or Nike
[ad_1] On Thursday, Nvidia’s stock took an epic jump among the nation’s corporate giants. In one day, the graphics-chip maker total market capitalization added nearly $184 billion – that’s billion with a b. It is one of the biggest one-day market capitalization gains in American corporate history. Nvidia’s market capitalization was $754.3 billion at the…
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Rocket Lab agrees to pay $16 million for portion of Virgin Orbit assets
[ad_1] Rocket Lab USA RKLB, -8.69% said Tuesday it is finalizing an asset purchase agreement to buy certain aerospace production and manufacturing assets as part of Virgin Orbit Holdings’s VORWQ, +28.79% chapter 11 bankruptcy auction. The launch and space systems company said its purchase of the Long Beach, Calif. aerospace production and manufacturing assets is…
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Embraer to sell up to 250 jets to NetJets in $5 billion deal
[ad_1] Embraer ERJ, +1.25% said Thursday that it signed a $5 billion deal to sell up to 250 of its Praetor 500 jets to the operator of private aircraft NetJets. The deal also includes a services and support agreement, the aerospace manufacturer said, adding that deliveries are expected to begin in 2025. For over a…
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Boeing 737 Max manufacturing issue: ‘When you see one roach, there are likely more,’ analyst says
[ad_1] Boeing Co.’s recent disclosure that 737 Max production might be hindered by manufacturing issues over parts that help keep the tail on the jets could indicate deeper problems within the jet maker, its suppliers and regulators, BofA analysts said in a note on Monday. The analysts said that after the news dropped on Thursday,…
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SpaceX scrubs Starship test launch minutes before blastoff
[ad_1] SpaceX scrubbed the eagerly anticipated test launch of its giant Starship rocket minutes before blastoff Monday. The launch from SpaceX’s Starbase facility in Boca Chica, Texas, would have been the first flight test to integrate SpaceX’s Starship and Super Heavy rockets. The largest rocket ever built, Starship is designed to play a key role…