Haifa (Israel): Elbit Systems Ltd has announced that it was awarded a contract valued at approximately $16 million to supply a space telescope to the Weizmann Institute of Science under Israel’s Ultraviolet Transient Astronomy Satellite (“ULTRASAT”) programme to observe and research deep space. The ULTRASAT programme is jointly managed and funded by the Weizmann Institute […]
Chicago: The Boeing Company has reported fourth-quarter revenue of $14.8 billion, reflecting higher commercial volume and lower defence revenue. GAAP loss per share of ($7.02) and core loss per share (non-GAAP) of ($7.69) reflect lower charges and higher commercial volume. Boeing recorded operating cash flow of $0.7 billion, the company said. Also read: Boeing Expands
Boeing Reports Fourth Quarter Results Read More »
New Delhi: A joint maritime exercise Paschim Lehar (XPL-2022) conducted by the Indian Navy off the West Coast was concluded on 25 January. The exercise was conducted over a duration of 20 days with an objective to validate operational plans of the Western Naval Command and enhance Inter-Service synergy among the Indian Navy, IAF, Indian
Western Naval Command Conducts Joint Maritime Exercise Read More »
Geneva: The International Air Transport Association (IATA) urged governments to accelerate relaxation of travel restrictions as COVID-19 continues to evolve from the pandemic to endemic stage. IATA called for removing all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine, enabling quarantine-free travel for non-vaccinated travellers with a negative pre-departure
IATA Urges Governments to Accelerate Relaxation of Travel Restrictions Read More »
Geneva: The International Air Transport Association (IATA) released data for global air freight markets showing that full-year demand for air cargo increased by 6.9% in 2021, compared to 2019 (pre-covid levels) and 18.7% compared to 2020 following a strong performance in December 2021. This was the second biggest improvement in year-on-year demand since IATA started
IATA: Strong December Performance Contributes to Stellar Year for Air Cargo in 2021 Read More »
New Delhi: INS Khukri, lead ship of the Indian Navy’s Khukri class corvettes and an indigenous surface-to-surface missile fitted vessel that had the distinction of being part of both, the Western and Eastern Fleets, is scheduled to be handed over to the Diu Administration on Wednesday (January 26). Built by Mazagon Dock Shipbuilders, the ship
Decommissioned INS Khukri to be Handed Over to Diu Administration Read More »
Geneva: The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2021 showing that demand (revenue passenger kilometres or RPKs) fell by 58.4% compared to the full year of 2019. This represented an improvement compared to 2020, when full year RPKs were down 65.8% versus 2019. Also read: Air Travel Improved in
IATA Releases Full-Year Global Passenger Traffic Results for 2021 Read More »
Rome: The Italian innovation ecosystem is enriched with a new centre of excellence to boost high-potential technological solutions. Now marks the debut of the Business Innovation Factory (BIF), Leonardo’s startup accelerator created in partnership with LVenture Group. Leonardo’s new accelerator aims to select, for the next three years, up to 10 startups a year that
Leonardo Launches Business Innovation Factory (BIF) Read More »
Oulu (Finland): Senop set out on a mission in close co-operation with Saab to rapidly respond to the needs of Carl-Gustaf users around the world by developing the Advanced Fire Control Device Thermal Imager (AFCD TI) for Carl-Gustaf M4, also known as M3E1 in U.S., and M3 man-portable, multi-role weapon systems. After three years intensive
Bethesda (Maryland): Global security and aerospace company Lockheed Martin Corporation on Tuesday (January 25) reported fourth quarter 2021 net sales of $17.7 billion, compared to $17.0 billion in the fourth quarter of 2020. Net earnings from continuing operations in the fourth quarter of 2021 were $2.0 billion, or $7.47 per share, compared to $1.8 billion,
Lockheed Martin Reports Fourth Quarter 2021 Net Sales of $17.7 Billion Read More »
