aircraft

Boeing Surpasses Q1 Estimates; Raises 2018 Guidance Despite Trade War Tensions

Boeing Surpasses Q1 Estimates; Raises 2018 Guidance Despite Trade War Tensions

Boeing Co. (NYSE:BA) reported its first quarter financial results and surpassed Wall Street estimates in both earnings and revenue. Despite the trade war tensions, the aircraft manufacturer raised its 2018 full year guidance. Shares were trading 2.4..

Escalating Trade Tensions Leads China to Threaten with New Tariffs

Escalating Trade Tensions Leads China to Threaten with New Tariffs

China warned on Friday that it would fight back “at any cost” with countermeasures in response to the U.S.’s tariffs, after President Donald Trump threatened to increase tariffs on Chinese goods by an additional $100 billion.&ldquo..

Monarch Airlines cancels Holiday Flights

Monarch Airlines cancels Holiday Flights

Monarch Airlines cancelled hundreds of thousands of holiday flights due to the intense competition for flights and a weaker pound. 900,000 passengers were affected included more than 100,000 that were already abroad. 750,000 future bookings were can..

U.S. Factory Orders Report Biggest Drop

U.S. Factory Orders Report Biggest Drop

U.S. orders reported their biggest drop in almost 3 years in July, at 3.3% due to a low demand for transportation equipment. Civilian aircraft orders also dropped 70.8% that month after a 129.3% gain a month before that. However, manufacturing is st..

United Technologies to buy Rockwell Collins in a $30 Billion Deal

United Technologies to buy Rockwell Collins in a $30 Billion Deal

United Technologies Corporation (NYSE: UTX) on Monday announced to buy aircraft parts manufacturer Rockwell Collins, Inc. (NYSE: COL) for $30 billion.Under the deal, United Technologies will pay $140 per share in cash and stock for Rockwell sharehol..