In an interesting business move, social-networking giant Facebook is reportedly going to acquire Titan Aerospace, the maker of a solar-powered high-altitude drone that can …
British engineering company, Rolls-Royce Holdings PLC has unveiled design plans of its cutting edge gen-next engine designs, which it trusts will be utilized to …
In an ideal world who wouldn’t fancy hovering every day between Fifth Avenue and Oxford Street, spending weekends on the Greek island of Santorini …
In response to threats against the upcoming Winter Olympics from North Caucasus jihadists, who seek to institute a Caucasus Emirate separate from Russia, the Pentagon has agreed to aid Russian security forces with counter-terrorism technology.
If you thought that space tourism a was distant achievable enterprise, 2014 will change your mindset for Branson’s Virgin Galactic is finally poised to lift off this year. Furthermore, a new Variable Specific Impulse Magnetoplasma Rocket will help humanity get to Mars three times faster than the existing spacecrafts. Every day science fiction comes closer to reality!
Japan Air line placed a deal with Airbus. Airbus, Giant Aircraft maker has too agreed with the deal for 31 long-haul A350 jetliners having a price of $9.75 billion. The agreement on Monday predicts that the deliveries will start in 2019 and new planes will be rolled over six years.
The federal judge approved American Airlines’ bankruptcy plan of merging with US Airways Group Inc. (LCC). He said a U.S. antitrust lawsuit who is seeking to block the deal was no reason to delay it. The government has argued that American can arise from bankruptcy and compete on its own even without the airlines merger.
US Airways and American Airlines, which have been planning to combine the two airlines by the end of September, hit a major merger roadblock. The Justice Department filed a lawsuit on Tuesday to block the proposed $11 billion merger between American Airlines and US Airways, which would create the world’s largest airline.
European aerospace giant EADS on Wednesday confirmed its plans to change its name to Airbus. In a bid to unite its businesses and boost shareholder returns Airbus Group will combine defence and space activities in one division that will also contain the Airbus Military business currently twinned with passenger jets.
As expected, the US State Department has set things straight by directing the non-profit group Defense Distributed to remove all content related to the printing of handguns using 3-Dimensional printers from its website. Defense Distributed is the brain-child of Cody Wilson, an anarchist, who has been outspoken on 3D-gun printing ever since the recent gun-shooting sprees at schools that led to the death of several innocent students and teachers.
Newest data showed that the Ford Motor Co.’s Focus model had beaten its rivals in 2012 global car sales. The Focus model became the world’s best-selling car due to sharply increasing demand in China. The findings of the survey by R.L. Polk & Co. indicated that three models of Ford Motor Co. were in the world’s top six.
Engrossed by the idea of the most luxurious private jet? So have a look at the 747-8 Intercontinental which alos happens to be the Boeing’s biggest jet. The private jet has been hyped to be the world’s most expensive personal jet with a final price well in excess of $500 million.
Newest survey by much valued Swedish think-tank showed that China emerged as the world’s fifth-largest arms exporter, thereby bypassing the UK. The China’s improved capacity to construct desired and respected weapons demonstrates its economic and military stance as well.
EADS reported a huge plunge in its full year profits and revenues for the year 2012 as sales were driven by increased deliveries at its Airbus division. However, fourth quarter profits for the fiscal year 2012 dropped as EADS paid hefty restructuring charges and faced bad merger deals. Also, the company stated that it would not use raffish lithium-ion batteries in its oncoming Airbus A350 plane due to recent Dreamliner problems.
Not surprisingly, the US Department of Defense has informed that the dominance of Blackberry is over as it plans to open its networks to devices from Apple Inc., Google Inc. and other producers. A new “more agnostic” IT strategy is to be implemented in 2014. Certainly, it was a big hit for Canada-based Research in Motion (RIM) which had an exclusive contract with the US Department of Defense.
BAE posted lower-than-expected full year profits for 2012 as sales reduced while pre-tax profits slumped by approximately 6 percent, blaming delay in the final terms of pricing of the Saudi Arabia-based contract. The year ended on a rough note after BAE failed to seal a merger deal with EADS and stated that the growth potential in the UK and the US is likely to be “constrained”.
UK Prime Minister David Cameron arrives in India on the 18th of February with the biggest ever trade mission and will take part in three-day talks with Indian authorities. The delegation is aimed at tightening economic ties and increasing trade between the United Kingdom and India. UK Prime Minister David Cameron will be accompanied by a 100-person entourage, among which are parliamentarians and officials from companies and universities. The business delegation to India is a clear signal that the European nation is much interested in deepening relations with India which is expected to be the world’s third economy by 2050.
Rolls-Royce witnessed an increase in the full year profits by 24 percent to over £1.4 billion. The increase in the level of output at Boeing CO. and Airbus SAS led to stronger-than-expected profits for Rolls-Royce. Also, the company named Ian Davis as the chairman of the company.