Tim Hepher

U.S. Acting Labor Secretary Julie Su flew to Seattle to intervene in the labor dispute between Boeing and about 33,000 striking workers that threatens the debt-laden company's finances.

(Reuters) -Thousands of Boeing staff will get layoff notices within weeks, a union and industry sources said, as a senior U.S. official flew to Seattle to try to ease a crippling strike and a major airline issued a warning over the planemaker's deepening turmoil.

Paris — Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division after spending months taking a deep dive into heavy losses in its satellites business.

By Tim Hepher (Reuters) - The head of the European Space Agency (ESA) has said the region's space industry needs the muscle to compete globally, warning Europe risks falling behind in the new space race.

PARIS (Reuters) -France's Thales reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand. Sales for the first nine months reached 14.07 billion euros ($15.20 billion) and new orders rose to a better-than-expected 15.55 billion, Europe's largest defence electronics supplier said. Analysts were on average expecting nine-month revenues of 14.04 billion euros and new orders of 15.26 billion, according to a company-compiled consensus.

Exclusive-Europe agency says it is in talks with SpaceX on tackling space junk

The European Space Agency is in talks with SpaceX about the possibility of Elon Musk's space venture joining an international charter designed to reduce a growing swarm of debris in space, Director General Josef Aschbacher told Reuters.

PARIS (Reuters) -French jet engine maker Safran raised its profit forecast for the year even as supply bottlenecks forced it to lower its revenue predictions on Friday, buoyed by demand for profitable services on planes that are already flying. Disruption in industrial supply chains and an ongoing strike at Boeing have worsened a shortage of new aircraft for airlines, which are flying older planes for longer, meaning the repair shops where engine makers make most of their money are busy. Safran predicted a 2024 recurring operating income of around 4.1 billion euros ($4.44 billion), up from a previous target close to 4.0 billion euros, citing a strong aftermarket so far this year.

The world’s largest plane maker said its widely-watched adjusted operating profit rose 39% to €1.407-billion in the quarter as revenues rose 5% to €15.689 billion

Ending the strike only stemmed the bleeding at Boeing. Now, CEO Kelly Ortberg, just three months into the job, is faced with repairing a divided, demoralized, and drifting American corporate icon.