Monday, December 23

Tag: Aerospace Products/Parts

Boeing Reveals the Frontrunner to Be Its Next CEO
11Dec By adminNo Comments
World

Boeing Reveals the Frontrunner to Be Its Next CEO

Dec. 10, 2023 11:17 pm ETBoeing is elevating Stephanie Pope to become its No. 2 executive, setting her up as the heir apparent to Chief Executive David Calhoun as the planemaker prepares for its next leadership transition.Pope, who heads Boeing’s services arm, is expected to be named chief operating officer as soon as Monday, according to people familiar with the matter. The three-decade Boeing veteran beat out other top executives for the role.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Amazon Hires Elon Musk’s SpaceX for Three Rocket Launches
1Dec By adminNo Comments
Technology

Amazon Hires Elon Musk’s SpaceX for Three Rocket Launches

Jeff Bezos and Elon Musk have both spent decades building space companies. Now, Bezos’ Amazon.com is turning to Musk’s SpaceX for a ride to orbit.Amazon, which Bezos founded and where he still serves as executive chairman, said Friday that it hired Musk’s SpaceX to conduct three rocket launches for the Seattle company’s planned satellite-internet division. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rolls-Royce Lays Out Mid-Term Targets, Cost Savings
28Nov By adminNo Comments
World

Rolls-Royce Lays Out Mid-Term Targets, Cost Savings

Rolls-Royce Holdings said that it expects to deliver between 400 million and 500 million pounds ($505.1 million-$631.4 million) in cost savings in the mid-term, paving the way to restore capital returns, as it set out its financial targets ahead of its capital markets day.The U.K.-based aircraft engine manufacturer said that its efficiency initiatives to optimize costs will boost its balance sheet and lead it to reestablishing shareholder distribution. Dividends have been suspended since 2020 and while a company-compiled consensus doesn’t see a payout for 2023, analysts estimate that a 1.0 pence per share dividend will be paid for 2024 and a 3.3 pence one for 2025.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto & Transport Roundup: Market Talk
20Nov By adminNo Comments
World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1321 ET – Nikola’s departing finance chief Anastasiya Pasterick is heading to another hydrogen-powered vehicle company. Universal Hydrogen, a private company developing hydrogen-powered aviation, announces it has hired Pasterick as CFO. Nikola has faced a flurry of executive changes this year and said in a regulatory filing Friday that Pasterick would resign after several months in the CFO role. Universal Hydrogen notes Pasterick’s prior involvement with Nikola’s SPAC merger which took the company public in 2020 and her experience helping with the IPO of nLIGHT. Nikola shares drop 3.9% to $1. (ben.glickman@wsj.com; @benglickman)Copyright ©2023 Dow ...
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SpaceX Blasts Off Massive Rocket Again, Following Explosive First Flight
18Nov By adminNo Comments
World

SpaceX Blasts Off Massive Rocket Again, Following Explosive First Flight

Elon Musk’s SpaceX launched its Starship rocket early Saturday, aiming for a longer test flight after the company’s previous attempt ended in an explosion. The towering rocket took off from the company’s spaceport east of Brownsville, Texas, on what is intended to be a roughly 90-minute operation. Shortly after the launch, the Starship spacecraft separated from a huge booster and began to ascend on its own, according to a company livestream. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Emirates Airline Orders 15 Airbus Jets for $6 Billion 
16Nov By adminNo Comments
World

Emirates Airline Orders 15 Airbus Jets for $6 Billion 

Updated Nov. 16, 2023 6:24 am ETEmirates Airline placed an order worth $6 billion for 15 additional Airbus A350-900 jets, part of plans from the state-run airline to bolster its fleet of wide-body planes and serve a range of new markets on long-haul flights amid growing demand for international travel.The companies announced the order on Thursday at the Dubai Airshow, where Emirates earlier this week ordered 95 wide-body jets from Boeing for $52 billion. The companies didn’t disclose financial details, but buyers typically receive steep discounts in such orders.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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