U.S. advanced battery developer Sion Power has pivoted from its long pursuit of the electric vehicle market to target defense and aerospace applications.
Saab has been delivering its Giraffe 1X air surveillance radars built before orders were even placed to Middle East customers to address urgent needs there, CEO Micael Johansson says.
Saab could be building as many as 20 Gripen fighters annually in about a year's time, says CEO Micael Johansson, as the aircraft-maker scales up output.
The Israeli Defense Ministry says it has awarded Elbit Systems deals worth more than NIS600 million ($200 million) to boost output of air-launched weapons.
A French government defense spending boost coupled with strong export demand has Safran expecting up to a fivefold increase in missile-related production.
Boeing provided a distinctively upbeat outlook for its finances, with its CFO setting expectations of “significant growth beyond” $10 billion in annual free cash flow next decade.
Boeing says certification of the 737-7 and -10 is in its final phases and remains on track for later this year but first deliveries will not begin until 2027.