Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.” Chief financial officer Brian … Read more
Creates world’s largest high-volume manufacturing facility in its satellite class and adds 600 new high-skill technology jobs in Quebec SAINTE-ANNE-DE-BELLEVUE, QC, Sept. 13, 2024 /PRNewswire/ – MDA (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that construction is underway on a 185,000 square foot expansion at its satellite … Read more
WASHINGTON D.C. — U.S. President Joe Biden and U.K. Prime Minister Keir Starmer brushed off Russian President Vladimir Putin’s threats Friday as they met to discuss Ukraine’s pleas to use British-supplied missiles against targets on Russian soil. Asked what he made of Putin saying such an act would put NATO countries “at war with Russia,” … Read more
Prime Minister Justin Trudeau slammed the NDP and its leader Jagmeet Singh on Friday, saying that while they may care about the environment, they have “no idea what to do in the fight against climate change.” At a news conference in the Montreal suburb of Sainte-Anne-de-Bellevue, Que., Trudeau accused the NDP of “playing simple politics” and “walking … Read more
It initially took Canada four months to get into the queue after deciding to join a plan by the United States to buy urgently needed National Advanced Surface-to-Air Missile Systems (NASAMS) for Ukraine. Defence Minister Bill Blair insists the lag did not contribute to the slow pace of acquiring the high-tech defensive capability, which is … Read more
Billionaire investor and chairman of Berkshire Hathaway, Warren Buffett, bought 1.04 million Class A shares of aerospace and electronics company Heico Corporation (NYSE: HEI.A) for $185.37 million in Q2, according to the latest 13F filing. Heico operates in two segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG), where most of its … Read more
ICEYE is a small company — founded in 2014 and with only about $100 million in revenue last year, but it owns a network of more than 30 small surveillance satellites — each weighing less than 100 kilograms. Rafał Modrzewski, the CEO of ICEYE, said that an example of what not to do was the … Read more
“Provided we all want a growing and sustainable aviation industry, at some point there won’t be enough biomass and you’ll have to go to eSAF,” Barrett said. That’s also a concern for Henderson, who mentioned “issues around biodiversity loss, deforestation [and] land-use change that can come from crops” that are used to produce SAF. “On … Read more
Includes First-Ever Tourist Review of Space from Dr. Sian Proctor LAS VEGAS, July 30, 2024 /PRNewswire/ — The American Institute of Aeronautics and Astronautics (AIAA) and Tripadvisor have launched “Destination: Space,” a new content platform dedicated to space tourism, exploration, and education. “Destination: Space” aims to demystify space for the general public and make space … Read more
LIG Nex1 will have a controlling stake in Ghost Robotics PHILADELPHIA and SEOUL, South Korea, July 29, 2024 /PRNewswire/ — Ghost Robotics, a leading innovator in legged robotics, and LIG Nex1, a premier South Korean defense technology company, are pleased to announce the close of a strategic partnership through LIG Nex1’s control-stake acquisition of Ghost … Read more
