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Subscribe nowAfter years of decline left the US aerospace industry with just a single independent producer of rocket motor engines to power critical missiles, a global surge in munitions purchases has spurred major defence manufacturers to develop new production capacity.
In a settlement with minority stakeholder Elliott Investment Management, Southwest Airlines is appointing six new directors to its board and accelerating the retirement of executive chairman Gary Kelly.
Despite punishing financial losses on several military contracts, with no end in sight, Boeing chief executive Kelly Ortberg says his company remains committed to delivering on its full portfolio of defence programmes.
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Since taking the reins at Airbus in 2019, Guillaume Faury has seen off several huge challenges – but there are still fires to fight, such as a creaking supply chain, even as the airframer eyes its future commercial product plans. Meanwhile, in the defence business, the manufacturer has embarked one of its most ambitious projects yet.
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