Defense giant RTX has reaffirmed its commitment to paying dividends despite President Donald Trump's criticism of defense contractors' financial practices. CEO Chris Calio stated that the company remains committed to issuing dividends, citing shareholder reliance and decades of quarterly payments.
Pilatus will take over RUAG Aerostructures Schweiz AG's workforce and machinery from the second quarter of 2024. This acquisition stands in line with the Swiss government's strategic goals for RUAG International.
The International Air Transport Association (IATA) has warned of a renewed capacity crunch in global aircraft production, citing delivery shortfalls and an order backlog exceeding 17,000 planes. According to IATA Director General Willie Walsh, higher leasing costs, reduced scheduling flexibility, and increased reliance on suboptimal aircraft types are among the most obvious challenges facing the industry.
The US Air Force has announced plans to ramp up B-21 Raider production using $4.5 billion in reconciliation funding. This decision reflects confidence in the program's performance and aims to strengthen combat capability by delivering the stealth bomber by 2027.