News

Highlights

David Tadevosian | Dreamstime
News

Global Steel Tonnage Flattens

Nov. 27, 2023
The world’s steelmakers’ output rose slightly to 150 million metric tons during October, according to the latest available summary, meaning the 2023 year-to-date production volume...
Siemens Energy
Siemens offshore
News

Siemens Energy Faces Restructuring

Nov. 17, 2023
Quality control issues with wind turbines resulted in a $5-billion annual loss for that segment, and a new commitment to evaluate future products and areas of activity.
Boeing
Boeing 777X and 787 in Emirates livery.
News

$52B Order for Boeing from Emirates

Nov. 14, 2023
The world’s largest operator of Boeing’s wide-body 777 series is adding 95 more aircraft to its fleet, leading the list of a big day in new bookings for the aircraft builder.
Thez3rocool | Dreamstime
Eurofighter Typhoon fighter jet.
News

Airbus Revamping Defence & Space

Nov. 13, 2023
Employment downsizing is one aspect of a forthcoming organizational revision for the military aircraft and satellite business, which is broadly intended to improve “ways of working...
Phuchit | Dreamstime
Five-axis cutting, up close.
News

No Rebound in New Orders, VDW Reports

Nov. 10, 2023
Producers in Germany, one of the world’s largest sources of machine tools, expect no rebound in new order volumes, even though inflation is receding and cost pressures are easing...
Sara Rubinstein | General Motors
Iron nitride manufactured by Niron Magnetics at its pilot plant in Minneapolis, Minn., October 2023.
Lockheed Martin
Lockheed Martin Long-Range Anti-Ship Missiles.
News

USAF Orders Long-Range Anti-Ship Missiles

Nov. 3, 2023
A $176-million order for Lockheed Martin’s “precision-guided, intelligent” weapon system will provide strike capability against surface targets from a safe distance.
USAF Global Strike Command
U.S. Air Force illustration of the Sentinel ICBM system.
News

Lockheed Wins $1B for ICBM Reentry Vehicle

Nov. 1, 2023
The Sentinel ground-based intercontinental ballistic system in development now to be deployed later this decade will incorporate a “low technical risk and affordable”, modified...
Boeing
Southwest Airlines is updating its all-737 fleet with newer models.
News

Southwest Adding More MAX Jets

Oct. 31, 2023
The budget airline is updating its all-737 fleet with 108 new MAX-7 aircraft, an order estimated at more than $10 billion, and increasing its total MAX bookings to more than 500...
Raytheon
The Iron Dome Weapon System in Israel.
News

Iron Dome Venture Building US Plant

Oct. 27, 2023
The Raytheon-Rafael Area Protection Systems joint venture is breaking ground in Arkansas for a new plant to produce SkyHunter interceptor missiles for the Iron Dome air defense...