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April 15, 2013

News Briefs April 15, 2013

EADS in talks to buy almost half a billion euros worth of shares from French government

The parent company of European jet maker Airbus says it is in talks to buy back almost half a billion euros worth of its own stock from the French government.

European aerospace giant EADS says in a statement April 15 that the deal would see it buy back 1.56 percent of its shares from the French governmentís current 14.83 percent stake. The company will pay 37.35 euros per share ó about the same as French media group Lagardere was paid when it sold its entire stake last week.

Earlier this month. EADS launched a 3.75 billion euro share buyback program. The French government has also recently indicated its intention to trim its shareholdings. AP

Western cuts bring down global military spending in 2012, but outlays surge in Russia, China

A Swedish-based arms watchdog says world military spending dipped last year for the first time since 1998.

The Stockholm International Peace Research Institute says the world spent $1.75 trillion on its armed forces in 2012, down 0.5 percent from the year before.

SIPRI says military outlays dropped in the austerity-ridden West but rose in Russia, China and other emerging economies, highlighting “what may be the beginning of a shift in the balance of world military spending.”

Still, SIPRI’s report April 15 showed the U.S. remains way ahead of all other countries, accounting for 39 percent of global military spending in 2012. AP




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Headlines October 24, 2014

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News Briefs October 24, 2014

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Navy photograph

Navy to commission submarine North Dakota

Navy photograph The PCU North Dakota (SSN 784) during bravo sea trials. The crew performed exceptionally well on both alpha and bravo sea trials. The submarine North Dakota is the 11th ship of the Virginia class, the first U.S....
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 




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