According to a source familiar with the matter at hand, Intel Corp is close to acquiring Israel’s Tower Semiconductor for around $6 billion. The deal comes at a time when Intel is looking to advance its strategy of contract manufacturing chips… Read More ›
On Monday, the U.S. Commerce Department added 33 Chinese entities to its ‘unverified list’, saying it was unable to verify the legitimacy and reliability of those entities in relation to their use of U.S. exports. The Chinese entities includes listed… Read More ›
On Tuesday, British airline easyJet stated, it has agreed with Airbus for deferring to take the delivery of aircraft; the finances of the airline, much like its peers, have come under severe pressure during the coronavirus-induced COVID-19 pandemic. easyJet said… Read More ›
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
On Friday, as per a report from Germany’s Federal Statistics Office, industrial orders from Germany surged on bumper aerospace and mechanical engineering bookings, giving the manufacturing sector a big boost at the start of a quarter even as the global… Read More ›
This indictment unsealed by the U.S. Justice Department de-hazes to some extent the stance the Trump Administration has taken vis-a-vis China and its accusations of violating U.S. intellectual property. A U.S. indictment unsealed on Tuesday reveals that intelligence officers from… Read More ›
Thales did not offer any concessions to address overlapping concerns. On Thursday, as per two sources familiar withe the matter at hand, antitrust regulators from the European Union are set to launch a full-scale investigation into French aerospace and defense… Read More ›
Airbus sources wings for all of its commercial aircrafts from the UK. In the short term, a no-Brexit deal will impact its lead times and waiting lists for deliveries. In what is likely to be one of Airbus’ strongest warning… Read More ›
The latest QA related scandal revolves around Japan’s Mitsubishi Materials Corp’s O-Ring sealents which impacts the aircraft and aerospace and nuclear industries. In yet another instance of a quality assurance scandal, Japan’s Nikkei financial daily reported, citing multiple sources, that… Read More ›
The embattled Canadian train and plane maker is weighing its options to reduce its footprint from the aerospace market. It is eyeing a sale as well as potential partnerships. Bloomberg reported, Canadian airplane and train maker Bombardier Inc is exploring… Read More ›
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