Heathrow runway shut by emergency landing
©PA Travellers trying to get away early for the bank holiday weekend suffered significant disruption at Heathrow on Friday after a British Airways aircraft had to make an emergency landing…
P&G brings back veteran Lafley as chief
©Bloomberg Procter & Gamble’s embattled chief executive Bob McDonald is stepping down and will be replaced by predecessor A.G. Lafley after a period of weak performance that disappointed investors. P&G,…
Qinetiq puts US business under review
©AFP Qinetiq is reviewing its US business after the division’s sales fell 11 per cent in the year to the end of March, revealing the depth of the UK-based defence…
Defence: Military prepares for modernisation
©Reuters Cleared for take-off: funding for missile defence will soon dwarf the previous record military outlay of $3bn on US F-16 fighters Poland has embarked on one of the biggest…
Embraer in $8bn SkyWest aircraft supply deal
Embraer is to sell up to 200 aircraft to SkyWest, the world’s largest regional airline group, in a deal valued at up to $8bn that is set to revive the…
Hague hints at veto of Syria arms ban
©PA William Hague, foreign secretary, declared on Monday that Britain will veto the renewal of the European Union arms embargo on Syria next week if EU member states block moves…
BAE’s investors set to back choice of chairman
BAE is moving toward naming its new chairman with the UK defence company’s most influential stakeholders expected to make a decision by mid June. One of the leading candidates is…
Polish defence spending set to soar
©Getty Poland is gearing up for its biggest-ever increase in military equipment spending, splashing out $43bn over the next decade in a procurement programme that promises to be a severe…
Nigerian air force attacks rebel camps
Nigerian jets and attack helicopters have struck Islamist rebel camps in a game reserve in the volatile northeast of the country, the military said on Friday. The offensive followed President…
ANA suffers new Dreamliner problem
All Nippon Airways on Thursday reported a problem with one of its 787 Dreamliners that has been undergoing test flights with a modified battery system. ANA, the Japanese airline that…
China in innovation challenge to Europe
Europe’s business leaders fear its industry will fall behind China in technological innovation within a decade as the economic crisis undermines one of the continent’s competitive advantages. More than two-thirds…
Lockheed says budget cuts will raise F35 costs
Across-the-board US government spending cuts are likely to inflate the overall cost of the F35 jet fighter, according to Lockheed Martin, the country’s biggest military supplier and the programme’s main…
Babcock boosted by UK defence shake-up
The biggest shake-up in decades at the Ministry of Defence has benefited Babcock, which posted a 16 per cent rise in pre-tax profits to £224.6m. The outsourcing and engineering company…
EADS suffers €3bn hit to cash
©Bloomberg EADS on Tuesday reported a 56 per cent rise in underlying operating profit for the first quarter, but also recorded a large cash outflow because of increased aircraft production…
BAE Systems seeks Briton as new chairman
©Bloomberg BAE Systems, Europe’s biggest defence contractor, is hunting for a Briton to be its new chairman and will have to request the UK government’s permission to appoint a foreign…