European aerospace firms Airbus, Thales, and Leonardo have completed the first phase of establishing a new technology concern in the satellite business. The enterprise will begin operations in 2027, employ 25,000 people, and have a revenue of 6.5 billion euros.
The US is trying to prevent Russian airlines from obtaining sanctioned spare parts.
American aviation giant Boeing is close to signing a large-scale deal with China for the sale of about 500 aircraft. This contract could become a key element in trade negotiations between Washington and Beijing and restore Boeing's position in the Chinese market.
New Zealand will spend $1. 6 billion on five MH-60R naval helicopters and two Airbus A321XLR aircraft. This is the largest investment since the decision to modernize the outdated equipment of the defense fleet.
The Verkhovna Rada will consider draft laws on Defence City. MP Venislavsky called for the inclusion of the aircraft manufacturing industry in the initiative and to provide it with tax benefits, as it is an economic driver.
Russian aircraft manufacturers produced only one commercial aircraft out of 15 planned due to sanctions and high interest rates. This is part of a broader slowdown in industrial production in Russia.
The European Vega C rocket successfully launched on July 25 from the Kourou spaceport, putting the MicroCarb satellite for CO2 mapping and four CO3D satellites for 3D Earth mapping into orbit. This is the fifth Vega C launch and the third successful one after an anomaly in December 2022.
Turkey has reached agreements with Great Britain and Germany on the acquisition of dozens of Eurofighter Typhoon fighter jets. This will strengthen Ankara's defense in an unstable region, where it is also negotiating the purchase of F-16s.
Germany has approved a preliminary request for the supply of 40 Eurofighter Typhoon fighter jets to Turkey. The aircraft, a joint project of BAE Systems, Airbus, and Leonardo, will be built in the United Kingdom with German components.
Western sanctions have led to a decline in civil aviation in the Russian Federation, an increase in aircraft maintenance prices, and the grounding of part of the aircraft fleet. This has caused an increase in ticket prices and a projected decrease in passenger traffic.
The production of Eurofighter Typhoon fighter jets in the United Kingdom has practically ceased due to a lack of new orders. This raises concerns about the loss of critical aerospace industry skills and affects the country's participation in the Global Combat Air Programme.
46 executives from leading European companies have called on Brussels to suspend the implementation of the Artificial Intelligence Act for two years. They argue that the EU's unclear rules hinder business and innovation.
Russia bypasses sanctions by obtaining Western aircraft spare parts through Turkey, China, and the UAE. One billion euros worth of parts entered the Russian Federation between February 2022 and September 2024 through a network of intermediaries.
China allows Boeing aircraft deliveries after trade deal with US. Resumption of deliveries will be a stimulus for Boeing, as China will provide 20% of global demand.
EU countries cannot agree on a "Buy European" position in the joint defense procurement program. Industry insists on prioritizing European manufacturers, with an exception for Great Britain.
ESA Director General calls for increased investment in space to ensure Europe's independence from the United States. This is due to the unstable geopolitical situation and potential changes in US policy.
Japanese operator Q-shu University Institute will transfer geolocation images from satellites, including SAR radar images, to the Main Intelligence Directorate of the Ministry of Defense of Ukraine. This is the first step of such a level of cooperation between Ukraine and Japan.
The Curiosity rover discovered the mineral siderite in Gale Crater, indicating an ancient carbon cycle necessary for life. Scientists believe that an unbalanced cycle may have destroyed these conditions about 3.5 billion years ago.
Russia has asked the US to allow it to purchase Boeing aircraft with funds from frozen assets after a ceasefire in Ukraine. The US has not yet commented on the proposal.
Singapore Changi Airport has once again topped the Skytrax ranking. It features a shopping mall, gardens, waterfall, resorts, hotels, exhibitions, a museum, cinema and theme park.
Airbus has won a contract to develop a landing platform to deliver a Mars rover to Mars as part of the ExoMars mission, scheduled for launch in 2028. The contract will create around 200 jobs.
Airbus is collaborating with Chaise Longue to develop bunk passenger seats for airplanes. The concept involves placing seats on two levels instead of luggage racks, which could change the future of air travel.
IATA predicts record airline industry revenue of more than $1 trillion and 5 billion passengers in 2024. The average revenue per passenger will increase to $7, despite problems with aircraft supply and geopolitical conflicts.
The Pentagon has signed a contract with SpaceX to connect 2,500 Starlink terminals in Ukraine to the Secure star shield network. The contract will be valid until 2025 and will provide more secure military communications.
Meteosat-12, the first geostationary satellite of the third generation, has been put into operation. It will provide more accurate weather forecasts and will be able to track lightning in real time over the next 20 years.
Three leading European Space companies plan to create a joint venture to compete with Starlink. The project, codenamed "Bromo", involves the development of a new super-satellite.
The leading European developers of electric vertical take-off aircraft are facing financial problems. Lilium has declared bankruptcy, and Volocopter may come under the control of Chinese Geely.
Goldman Sachs predicts that the US stock market will grow by the end of 2024 after Trump's victory. The bank has identified key sectors for investment, including the chemical industry, automotive and defense sectors.
Airbus plans to cut up to 2,500 jobs in its defense and space division due to a “challenging business environment. ” The cuts will affect 7% of the workforce, with specific positions to be determined after discussions with trade unions.
Hungarian Prime Minister Viktor Orban arrived in Moscow on Friday to meet with Russian President Vladimir Putin as part of his "peacekeeping mission," his spokesman confirmed.
