Tag: Aerospace and defense industry
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Virgin Orbit extends unpaid break as deal collapses, talks continue
NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft with the LauncherOne missile under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, UK. Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first-ever orbital launch […]
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Spire, Momentus face delisting warnings
Spire and Momentus received delisting warnings on Friday, according to the securities filings, as share prices of both companies traded below $1 per share. The companies have 180 days, or about six months, to get their share price back above $1 per share. Both companies noted the possibility of conducting a reverse stock split to […]
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Virgin Orbit is closing in on a $200 million deal on Thursday
A general view of Cosmic Girl, a repurposed Boeing 747 aircraft with the LauncherOne missile under the left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise money from Texas-based investor Matthew Brown, […]
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Annual sales are approaching $100 million
Terran Orbital reported fourth-quarter results on Tuesday, with full-year revenue more than doubling as the company continued to build its backlog. The Irvine, California-based company reported that revenue grew to $31.9 million in the fourth quarter, compared to $27.8 million in the third quarter. Terran Orbital delivered 19 satellites in the fourth quarter, including 10 […]
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Virgin Orbit struggles to avoid bankruptcy as talks on the deal continue
Virgin Orbit senior management held daily talks with potential investors over the weekend, people familiar with the matter told CNBC. A potential buyer resisted a proposed sale price of nearly $200 million, one person told CNBC — a price just below the company’s market value as of Friday’s close. Meanwhile, contingency plans are being worked […]
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From Apple to Boeing, India is being tested as the new China
Boeing’s deal with Air India in February is the largest in civil aviation history, but also comes as India looks to bolster its profile as a defense manufacturer. Last week, US Secretary of Commerce Gina Raimondo traveled to India to strengthen ties with the Asian nation. India’s dream of becoming the “world’s new factory” to […]
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Theory of Relativity’s first 3D-printed Terran 1 rocket launch
3D printing specialist Relativity Space will attempt its first rocket launch on Saturday, having postponed an earlier attempt earlier this week. The company’s Terran 1 rocket launches from Cape Canaveral, Florida. The launch marks the most important test yet of the company’s ambitious production approach. 3D printing specialist Relativity Space will attempt its first rocket […]
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FAA authorizes Boeing 787 Dreamliner deliveries after weeks of hiatus
Boeing may resume deliveries of its 787 Dreamliners as early as next week, the Federal Aviation Administration said. Boeing said it had completed work on the wide-body jetliners needed to resume deliveries, which were halted on Feb. 23 after a data analysis error was discovered. Shares of the company rose on news that the issue […]
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Space Force missile launch acquisitions take ‘mutual fund approach’
Space Force leadership described a new “mutual fund approach” for the next round of buying corporate rocket launches. “Instead of taking one stock, we’re taking two different approaches, because we thought that was the best way for the government to run,” Colonel Chad Melone told the press at a briefing on Friday. Space Force is […]
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SpaceX is adjusting Starlink’s monthly pricing for residential customers
Elon Musk’s SpaceX has made new pricing changes for residential Starlink customers, according to customer emails reviewed by CNBC. Prices will increase for residential users of the satellite internet service in “limited capacity” areas, but will fall for users in “overcapacity” areas, effective April 24. SpaceX continues to expand its Starlink network through regular satellite […]