‍DALLAS — Airbus SE has entered into an agreement with Spirit AeroSystems regarding a potential acquisition of major activities. The binding term sheet agreement is related to Airbus' activities. This will include various elements of aircraft production, including the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; and of the A220 pylons in Wichita, Kansas, U.S.

Airbus Enters Agreement with Spirit AeroSystems

The Hill

Boeing said Monday that it plans to purchase Spirit AeroSystems in a $4.7 billion all-stock deal decades after it spun off the supplier. The planemaker has for years outsourced parts of its production process to the Spirit. But as Boeing seeks to rehabilitate its safety and quality record after the door plug of a Boeing…

Boeing acquiring supplier Spirit AeroSystems for $4.7B

To keep costs down, Boeing has been outsourcing manufacturing for two decades. How’s that working out for them?. Boeing announced Monday that it agreed to buy one of its biggest suppliers, Spirit AeroSystems, for $4.7 billion, about 20 years after selling the company as it embraced collaborative aircraft-building. The deal will bring the production of the body of 737 Max planes and parts of 767, 777, and 787 models in-house, crucial at a time when a series of accidents have left the company’s reputation in tatters. But it will also bring in debt as Boeing tries to preserve an investment-grade credit rating hovering just above junk status.

Parts and Reputation: Boeing to Buy Supplier After Quality Control Issues

US aircraft manufacturer Boeing said Monday it had reached a deal to buy its subcontractor Spirit in a move the aviation giant argues will boost safety and quality control. He said that by reintegrating Spirit, "we can fully align our commercial production systems", including safety and quality management systems, and "our workforce to the same priorities, incentives and outcomes -- centered on safety and quality."

Boeing says to buy subcontractor Spirit for $4.7 billion

New Jersey State

A federal judge in New Jersey rejected on Friday a bid from a group of cancer victims to block Johnson & Johnson’s proposed $6.5 billion bankruptcy settlement plan of its talc cancer lawsuits. Suggested Reading. The plaintiffs filed a motion earlier in June asking a New Jersey court to...

A group of cancer victims couldn't block Johnson & Johnson's $6.5 billion talc-powder settlement

Fisker Automotive may officially be dead thanks to almost comically horrible mismanagement, but while it’s sorting out that whole bankruptcy thing, it also has to figure out how to handle a new recall. As it turns out, the Ocean’s doors might get stuck, trapping occupants inside. That’s not ideal in most situations, but it’s especially dangerous in an emergency, so the National Highway Traffic Safety Administration is making Fisker fix it.

Another Fisker Ocean recall — this time because the doors might trap you inside

San Diego, CA

Boeing has delivered the first two upgraded F/A-18 Block III Super Hornets to the U.S. Navy ahead of schedule. The company said Thursday it has equipped the aircraft with tactical targeting network technology and a distributed targeting processor-networked open mission systems processor to upgrade and extend the service life of the fighter jets.

Boeing Delivers Upgraded Super Hornet Fighter Aircraft to Navy

The European Union Aviation Safety Agency (EASA) has mandated an airworthiness directive (AD) for the Rolls-Royce Trent 1000 engine, integral to the operation of the Boeing 787 family. This directive comes after Rolls-Royce discovered a potential fault where the high-pressure compressor (HPC) mini-disc anti-rotation block might dislodge into critical components of the engine during flight.

EASA Issues Airworthiness Directive for Rolls-Royce Trent 1000 Engines Affecting Boeing 787 Fleet

The threshold for living comfortably has gotten much higher in many Americans’ minds. Americans believe they would need to earn $186,000 per year to feel financially secure or comfortable — more than double what the average full-time, year-round worker made in 2022, according to a Bankrate survey published Monday. This figure has fallen 20% from last year, when respondents said they needed $233,000 to feel secure.

Here's how much Americans think they need to make to feel financially secure

Drive-in fast food chain Sonic is adding its name to the meal deal wars with the launch of its $1.99 value menu, the company said in a statement on Monday. Japanese 7-Elevens are known for their snacks — and they're coming to the U.S. At a time when elevated...

Sonic is launching a $1.99 value menu as the meal deal wars heat up

No matter where you are in the country right now, it’s hot. From New York City to San Diego, it’s like God has set up a massive hair dryer over the continent. If you happen to be in your car though and you want to know just how hot it is, don’t count on your car’s thermometer being accurate, as The Weather Channel explained.

Don't trust your car's thermometer. Here's why

Eager to be quick on the draw, the US Navy has allocated new funds toward its Conventional Prompt Strike (CPS) missiles on 26 June 2024. These future, hypersonic boost-glide missiles offer quicker, longer-range strikes with enhanced survivability against enemy defences: CPS missiles will be manoeuvrable while travelling at speeds exceeding Mach 5, or five times the speed of sound.

US Navy make a move on developing CPS hypersonic weapon

CDK Global says its dealer management system should be back online by late Wednesday or early Thursday, or about two weeks after the software provider was hit with back-to-back cyberattacks last month. Suggested Reading. “We are continuing our phased approach to the restoration process and are rapidly bringing dealers live...

The massive car dealership slowdown could end this week

The stocks of pharmaceutical giants Novo Nordisk and Eli Lilly both took a hit Tuesday morning after President Joe Biden called on the drug makers to cut the prices of their blockbuster diabetes and weight loss drugs. Suggested Reading. Novo Nordisk stock fell 3% during Tuesday morning trading, to about...

Biden and Bernie Sanders want Novo Nordisk and Eli Lilly to cut Ozempic and other weight loss drug prices

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Daily Times

In 2020 the Defense Advanced Research Project Activity (DARPA) hosted a contract bid for an uncrewed underwater vehicle. Defense and weapons system company, Northrop Grumman rose to the challenge in conjunction with Martin Defense Group.

Northrop Grumman testing uncrewed underwater vehicle (UUV): Manta Ray

California State

Josue Torres

Governor Gavin Newsom has announced a collaborative effort with the state legislature to restrict students’ use of smartphones during school hours. This initiative follows a warning issued on Monday from Surgeon General Dr. Vivek Murthy about the detrimental effects of social media on children’s mental health.

California governor moves to ban smartphone use in schools

Missouri State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

Maine State

Idaho State

Shop with Me Mama

Why Idaho Ranks in the Top 10 States Americans Are Flocking To in 2024. A lot of Idahoans are saying 'Idaho is FULL! Go find somewhere else to live!'. With that said, MANY people and their families are flocking to this state and calling it home.

Why Is Everyone Relocating To Idaho?

It appears that Elon Musk now leads the world’s most valuable carmaker and the world’s most valuable aerospace company. While not publicly traded, recent reports have suggested that SpaceX is now valued at $210 billion, making it the world’s most valuable aerospace company. A recent report from...

SpaceX valued at $210B, becomes world’s most valuable aerospace company

Georgia State

Buford, GA

DeanLand

There's been a whole lotta shakin' goin' on in Northwest Georgia over the past 30 days. And, yes, some of it likely has been in the barn. A total of six earthquakes have been recorded in the northernwestern portion of the state over the past 30 days, according to data from the US Geological Survey (USGS).

6 Earthquakes Shake NW Georgia in 30 Days

NewsBreak

Boeing's next CEO could be the head of Spirit AeroSystems

The CEO of the beleaguered fuselage supplier Spirit AeroSystems, who successfully engineered the plan for Boeing to buy the company 20 years after selling it, could...

Boeing's next CEO could be the head of Spirit AeroSystems

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