Boeing to cut around 300 defence division supply chain jobs
The workforce reduction comes at a time when companies are paring jobs and closely monitoring headcount Boeing is eliminating about 300 supply chain jobs from its defence division,…
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defence
Wall St opens lower; defence firms up as Trump calls for budget boost
Wall Street’s main indexes opened lower on Thursday (Jan 8), as investors turned cautious ahead of Friday’s crucial nonfarm payrolls report, while defence companies advanced after…
The world’s copper squeeze is set to intensify on AI and defence spending: S&P
The race for artificial intelligence (AI) and surging defence spending are set to intensify a projected shortage of copper as producers struggle to expand, according to a new study by S&P…
European shares log a weekly decline, defence stocks slide
European shares slid on Friday (Nov 21) and registered a weekly decline as concerns over stretched tech valuations came to the fore again, while defence stocks weakened amid signs of…
Airbus profit climbs 14% on defence boost
EUROPEAN plane-maker Airbus said Wednesday its third-quarter net profit surged by 14 per cent to 1.1 billion euros (S$1.66 billion) on the back of strong military and helicopter sales.…
Striking Boeing defence workers reject contract offer for fourth time
MORE than 3,000 Boeing defence workers on strike in the US Mid-west since August voted to reject the company’s latest contract offer, their union said on Sunday - in the fourth such…
Lockheed Martin lifts 2025 forecasts on robust defence demand
The company’s total revenue rose 8.8% to US$18.61 billion in the third quarter, above analysts’ average estimate of US$18.56 billion US defence contractor Lockheed Martin raised its 2025…
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month India’s central bank has ramped up its interventions in offshore currency markets to defend…
China tightens rare earth export controls, targets defence, semiconductor users
Manufacturers overseas using any Chinese components or machinery must also apply for licences to export controlled items, the ministry says China tightened its rare earth export controls…
Europe: Stocks slip; commodity, defence rallies offset by luxury losses
EUROPEAN stocks slipped on Wednesday as commodity and defence rallies faced resistance from heavyweight healthcare and luxury names, with investors parsing fresh signals from Federal…
Boeing taps Palantir to bring AI to defence, space factories
Artificial intelligence has emerged as a key focus for defence companies amid rising geopolitical tensions Boeing will partner with Palantir Technologies to integrate artificial…
From defence to dividends: The best performing STI components are riding big global currents
Betting that laggards will quickly catch up with the leaders could be a mistake in the current thematic, growth-oriented market environment There was no shortage of worrying news headlines…
Europe: Stoxx 600 ends higher after ECB’s expected ‘hold’ verdict, defence stock boost
EUROPEAN shares finished higher on Thursday as a rally in defence stocks helped lift the main index, with investors taking in a widely anticipated European Central Bank decision to keep…
Boeing Defence, union reach tentative deal to end strike
BOEING Defence and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union officials announced on Wednesday. A vote on Boeing’s…
Boeing says will hire replacements for striking US defence workers
NG is launching a recruitment drive to find “permanent” manufacturing workers to replace US union employees who went on strike last month, the company said Thursday. The…
Prosecution, defence spar over request for evidence on how banks reacted to Hyflux power strategy
A war of words erupted between the prosecution and defence in the Hyflux criminal trial on Sep 3, following a surprise request by Senior Counsel Davinder Singh for correspondence between…
Europe: Stoxx 600 ends higher on defence boost; Novo Nordisk jumps after Wegovy data
European shares finished marginally higher on Monday (Sep 1), supported by defence stocks, while Novo Nordisk gained after data showed its weight-loss drug Wegovy delivers stronger…
Boeing, striking defence workers union to start talks on Aug 25
The company has held informal discussions with labour leaders since the strike began Boeing and union leaders representing striking workers at its St Louis-area defence factories…
Europe: Stoxx 600 closes higher but gains limited by tech, defence
EUROPE’S Stoxx 600 closed higher on Wednesday boosted by consumer and healthcare stocks, while declines in tech and defence stocks limited gains, ahead of a crucial meeting of global…
Europe: Stocks close at two-month highs propelled by earnings, defence stocks
EUROPEAN shares closed at their highest level in more than two months on Thursday, with aerospace and defence stocks and financials providing the biggest boost as investors assessed a…
ST Engineering H1 earnings up 19.7% at S$402.8 million on back of defence demand in Europe, Middle East
Singapore Technologies Engineering (ST Engineering) on Thursday (Aug 14) posted a 19.7 per cent increase in net profit to S$402.8 million for the first half-year ended June, up from…
Striking Boeing defence workers turn to US Congress
BOEING defence industry workers currently on strike asked for congressional lawmakers’ support on Wednesday as they seek to pressure the aviation giant to improve its bargaining offer to…
Sustainable investors hold their ground as energy, defence stocks surge
Regional wars, tariff threats and the US’ pro-fossil fuel policies have sent defence and energy stocks soaring in 2025, but not all is lost for investors committed to sustainable and…
Even after explosive run, European defence stocks may still have firepower left
On Sunday (Jun 1), more than 100 Ukrainian drones, reportedly launched from deep in Russian territory, damaged or destroyed US$7 billion worth of Russian aircraft. That same day, Ukraine…