Business

The aviation recovery did help, but troubles from other segments hurt overall results.

General Dynamics says backlog grew 40 percent in the fourth quarter against the same period in 2020.

CEO David Calhoun remained optimistic about his company’s ability to turn things around.

Lockheed Martin (NYSE:LMT) CEO Jim Taiclet told investors Tuesday during his company’s fourth-quarter earnings call that the Federal Trade Commission (FTC) has filed a lawsuit to block Lockheed’s $4.4 billion acquisition of Aerojet Rocketdyne (NYSE:AJRD), a manufacturer of rocket engines and spacecraft propulsion. The FTC alleges that if the deal is allowed to proceed, Lockheed […]

General Electric (NYSE:GE) saw revenues decline 3 percent in the fourth quarter from the same period in 2020, the company said during its earnings call Tuesday. The company also reported a 2 percent drop for all of 2021. Despite beating expected earning predictions for the quarter, revenue fell slightly from $21 billion in 2020 to […]

Specialized Beluga freighter that ferries aircraft components will be available for hire by the general market.

German company looks to build nationwide delivery network.

A Washington-based startup says it’s planning to build what has long been considered the “Holy Grail” of accessing space: the world’s first reusable single-stage orbital spaceplane aimed at carrying cargo and people.

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