Defense & Aerospace

As meteor showers animate the skies this month, a growing number of satellites obscure views of the heavens--SpaceX alone has sought permission to orbit 30,000 more communications devices.

Investors buying into the IPO of Rocket Companies, long known by its Quicken Loans brand, must account for a likely slowdown in extraordinary mortgage activity.

The plane maker is cutting its workforce and production rates yet again. The result will be lower profit margins across the board.

Israel’s military said Monday its forces and Hezbollah exchanged fire on Israel’s border with Lebanon, ratcheting up tensions as Israel presses a campaign to rout the influence of Iran and its proxies on its frontiers.

Honeywell’s quarterly sales fell 19% as Covid-19 damage to its big aerospace business offset rising demand for the conglomerate’s N95 face masks and other protective gear.

The Environmental Protection Agency is proposing the U.S.’s first-ever climate standards for commercial airliners and large business jets, aligning U.S. rules with global standards approved by a branch of the United Nations.

Boeing culled another 183 jets from its order book in June and delivered just 10 aircraft, highlighting the pandemic-driven barriers to recovery for plane makers.

Detroit businessman and Cleveland Cavaliers owner Dan Gilbert spent the past 35 years building Quicken Loans into a mortgage lending giant and an extension of his personal brand. That won’t stop when the company goes public.

The U.K. government and Bharti Global committed to pay $1 billion to acquire satellite company OneWeb and fund the restart of its operations.

Elon Musk’s SpaceX successfully blasted a U.S. Space Force satellite into orbit and then recovered the main portion of the Falcon 9 rocket, in the first military mission incorporating the reusable feature.

Airbus said it would cut 15,000 jobs across its commercial aircraft division, the biggest restructuring in the planemaker’s history, citing what it expects to be the Covid-19 pandemic’s yearslong impact on the aviation sector.

The White House is now considering raising levies on wine from the European Union to 100% from 25% citing a lack of progress in negotiations over an Airbus-Boeing dispute.

The Trump administration is considering expanding and raising tariffs on $7.5 billion of food imports from the European Union and U.K., part of a long-running dispute that faults European countries for subsidizing aircraft manufacturer Airbus.

The Quad Cities economy is split by sharply different reopening policies on either side of the Illinois and Iowa border.

The U.S. and other powers are investigating militia leader Khalifa Haftar’s alleged efforts to raise funds through oil deals, including with Emirati brokers and with Venezuela.

Federal air-accident investigators for the first time directly called on American and European helicopter makers to move toward putting cockpit video recorders on most models, bypassing U.S. aviation regulators and escalating a debate about privacy in the air.

Boeing plans to shed more than 13,000 employees, including the first round of compulsory cuts as part of previously announced plans triggered by the coronavirus-driven collapse in global air travel.

Secretary of State Mike Pompeo said the U.S. would stop allowing foreign companies to facilitate Iran’s civil nuclear activities, a core provision of the 2015 international nuclear agreement.

The company’s launch of two NASA astronauts into orbit was canceled because of adverse weather, delaying a new era of corporate-driven space missions. The next attempt is expected Saturday.