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November 27, 2021

Aerospace and defense industry

Boeing, airline stocks tumble as new Covid variant spurs travel curbs

CNBC
CNBC – For more and to sign up click here Boeing, airlines and other travel stocks tumbled on Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. European Union member nations on Friday agreed to suspend travel from the......

The rich are getting richer — and they’re fueling a private jet boom

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CNBC – For more and to sign up click here Private jet demand is booming — to the extent that companies can’t produce them quickly enough and buyers are facing extended wait periods for deliveries. Even secondhand business jets are vanishing from the market.      “If you look at today......

Rocket Lab CEO says companies not reusing rockets are making ‘a dead-end product’

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CNBC – For more and to sign up click here A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Rocket Lab CEO Peter Beck was once......

SpaceX is launching a NASA spacecraft that will crash into an asteroid

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CNBC – For more and to sign up click here NASA’s Double Asteroid Redirection Test (DART) spacecraft is put in the nosecone of SpaceX’s Falcon 9 rocket in preparation for launch. Ed Whitma / Johns Hopkins APL / NASA Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense......

American, JetBlue seek dismissal of antitrust lawsuit tied to partnership

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CNBC – For more and to sign up click here JetBlue Airways Corp. aircraft at Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021. Stefani Reynolds | Bloomberg | Getty Images American Airlines and JetBlue Airways on Monday asked a U.S. judge to dismiss a......

SpaceX rocket business leadership shakes up as two VPs depart

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CNBC – For more and to sign up click here The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA’s Kennedy Space Center on November 09, 2021 in Cape Canaveral, Florida. Joe Raedle | Getty Images The leadership of SpaceX’s rocket business has been shaken......

Astra stock surges 30% after the rocket builder reaches orbit successfully

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CNBC – For more and to sign up click here The company’s rocket LV0007 lifts off from Pacific Spaceport Complex in Kodiak, Alaska on November 20, 2021. Astra Shares of rocket builder Astra surged in trading Monday after the company reached orbit for the first time over the weekend. The......

Take a look inside Firefly Space, as the rocket builder prepares for a second orbital launch attempt

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CNBC – For more and to sign up click here Space company Firefly is preparing for the second orbital launch attempt of its Alpha rocket, as the venture looks to build out the foundation of its business. “Firefly is aiming to be the next SpaceX, a very transformative space transportation......

Rocket builder Astra reaches orbit for the first time

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CNBC – For more and to sign up click here Rocket LV0007 lifts off during the company’s first successful orbital launch from Kodiak, Alaska on November 20, 2021. Astra / NASASpaceflight Astra Space reached orbit for the first time on Saturday with its rocket LV0007, joining a small group of......

Thanksgiving travel surge to test airlines as industry struggles to recover from labor shortages, pandemic

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CNBC – For more and to sign up click here Travelers at Los Angeles International Airport LAX are beating the crowds on Thursday, November 18, 2021, as up to 2 million people are expected to pass through Los Angeles International Airport during the two-week Thanksgiving holiday period that begins today,......

Sierra Space raises $1.4 billion at $4.5 billion valuation as it builds spaceplane, space station

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CNBC – For more and to sign up click here A rendering of the “Ocean Reef” space station in orbit. Blue Origin Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion as the company expands its portfolio of space transportation products. The company’s valuation jumped......

Bezos’ Blue Origin, in lost NASA lawsuit, raised offer to cover $3 billion in lunar lander costs

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CNBC – For more and to sign up click here Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Jim Watson | AFP | Getty Images Jeff Bezos’ Blue Origin this......

Elon Musk says SpaceX will ‘hopefully’ launch first orbital Starship flight in January

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CNBC – For more and to sign up click here A Starship prototype test fires its six Raptor rocket engines on November 12, 2021 in Boca Chica, Texas. SpaceX Elon Musk on Wednesday said SpaceX is “hoping” to launch the first orbital flight test of its mammoth Starship rocket in......

Russia calls U.S. ‘hypocritical’ for condemning anti-satellite weapons test

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CNBC – For more and to sign up click here The view from SpaceX’s Crew Dragon spacecraft Endeavour of the International Space Station, as well as the company’s Crew Dragon spacecraft Resilience, as the capsule approached to dock on April 24, 2021. NASA TV The Russian military destroyed a defunct......

Airlines are gearing up for a busier — and costlier — holiday season as fuel prices rise

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CNBC – For more and to sign up click here A Southwest Airlines Boeing 737-700 (LN2318) on final-approach after a pre-delivery test flight at dusk. aviation-images.com | Universal Images Group via Getty Images Demand for air travel is on the rise ahead of the holidays. So are the costs. Jet......

‘The freighter markets are on fire right now. That’s where we see real growth,’ Boeing exec says

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CNBC – For more and to sign up click here A top executive at Boeing has underlined the importance that cargo now plays in the aerospace industry, nearly two years after travel came to a near standstill due to the coronavirus pandemic. “The freighter markets are on fire right now.......

Southwest offers staff extra pay, frequent flyer miles to avoid holiday travel disruptions

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CNBC – For more and to sign up click here A baggage handler pushes a bag near a Southwest Airlines airplane at Hollywood Burbank Airport in Burbank, California, October 10, 2021. Robyn Beck | AFP | Getty Images Southwest Airlines on Saturday offered its flight attendants new incentives aimed at......

Fighter jets and freighters in focus at the first major air show since the Covid pandemic

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CNBC – For more and to sign up click here Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai’s last international air show, in November of 2019, feels like another era. Just a few months before the Covid-19 pandemic turned travel upside down, the highly-attended biennial......

Drones and F-35 fighter jet deal in focus for the Dubai Air Show

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CNBC – For more and to sign up click here A pair of MQ-9 Reapers from the 46th Expeditionary Attack Squadron are parked on the flightline at Ali Al Salem Air Base, Kuwait, June 9, 2020. Senior Airman Isaiah J. Soliz | U.S. Air Force DUBAI, United Arab Emirates —......

SpaceX launches the Crew-3 mission for NASA, the company’s fifth human spaceflight

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CNBC – For more and to sign up click here SpaceX’s Falcon 9 rocket launches the Crew-3 mission on November 10, 2021. NASA TV SpaceX launched four astronauts to the International Space Station from Florida on Wednesday evening, as the company keeps up a steady pace of crewed missions. Known......

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