Rolls-Royce, a big name in making jet engines and power systems for ships and submarines, just had a fantastic year. They made a whopping £2. 46 billion in operating profit for 2024. That's a huge jump of 57% from the year before. This big success allowed them to set even higher goals for the future. They expect to make between £3. 6 billio...
Well, it seems like Boeing is still facing a bumpy ride with its Starliner commercial crew program. In a recent press release, the company admitted it's bracing for some more financial hits. They're expecting to take a $400 million beating, along with some other programs like the VC-25B presidential aircraft and MQ-25 drone. This isn't the first time, either. Back in...
Boeing is hoping to turn things around in 2025 with its space program. After a tough 2024, investors are curious about what the company has planned. Boeing's CEO, Kelly Ortberg, says the team is ready to perform better. One big factor could be the Vulcan rockets, which Amazon will use for space launches next year. Boeing is also waiting for approval to run national s...
Airbus is mulling over a potential merger for its space business, but it's not a done deal just yet. The company's CEO, Guillaume Faury, suggested that they're open to partnering up with another firm to strengthen their space sector. This comes after Airbus took a big hit with their satellite business, losing around $980 million in the first half of the year. They've...
In October 2024, Proteus Space, a pioneer in quick space system design, received a significant investment from SAIC, a tech company serving government agencies. This investment led to a multiyear partnership between the two to scale up Proteus' AI-powered MERCURY™ platform. MERCURY™ uses advanced tech to swiftly design custom satellites, cutting down time and cost. I...
Spirit AeroSystems, a major supplier for Boeing, has decided to put 700 of its employees on temporary leave. This comes as a result of the ongoing strike by machinists at Boeing, which has now lasted for six weeks. The strike started on September 13 when over 32,000 Boeing workers rejected a tentative labor agreement. This has added to Boeing's financial struggles an...
SpaceX's Polaris Dawn mission has marked a significant milestone in the history of space exploration, making the first commercial spacewalk a reality. Conducting a spacewalk is not a new concept, as NASA has been doing so since the Gemini program in 1965. However, what makes this mission remarkable is that it was led by a private company, SpaceX, and not a government...