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German defence minister seeks to develop advanced Taurus missiles, source says

UPDATE 1-German defence minister seeks to develop advanced Taurus missiles, source says Germany plans to buy 600 Taurus Neo missiles, says source Says project has backing of ruling coalition Der Spiegel magazine was first to report plan Ukraine is pressing Germany to provide Taurus missiles Recasts with source backing report, details BERLIN, Oct 25 (Reuters) - German Defence Minister Boris Pistorius aims to develop an advanced version of the Taurus cruise missile and buy 600 of them , a parliame
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German defence minister seeks to buy more Taurus cruise missiles, Spiegel reports

German defence minister seeks to buy more Taurus cruise missiles, Spiegel reports BERLIN, Oct 25 (Reuters) - German Defence Minister Boris Pistorius aims to buy 600 Taurus cruise missiles but has not yet secured the necessary funding, Spiegel magazine reported on Friday, as Ukraine continues to push Berlin to supply it with the long-range weapon. So far, German forces have some 600 of the missiles with a range of more than 500 km (311 miles) in their inventories, to be launched from fighter jets
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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead Oct 25 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 29-Oct-2024 06:30 ADSGn.DE Adidas AG Q3 2024 Adidas AG Earnings Release 29-Oct-2024 06:00 1COV.DE Covestro AG Q3 2024 Covestro AG Earnings Release 30-Oct-2024 AMC AIR.PA Airbus SE Q3 2024 Airbus SE Earnings Release 30-Oct-2024 BMO VOWG.DE Volkswagen AG Q3 2024 Volkswagen AG Earnings Release 30-Oct-20
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France corporate earnings week ahead

DIARY-France corporate earnings week ahead Oct 25 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 30-Oct-2024 AMC AIR.PA Airbus SE Q3 2024 Airbus SE Earnings Release 31-Oct-2024 BMO SOGN.PA Societe Generale SA Q3 2024 Societe Generale SA Earnings Release 31-Oct-2024 BMO STMPA.PA STMicroelectronics NV Q3 2024 STMicroelectronics NV Earnings Release 31-Oct-2024 07:00 TTEF.PA TotalEnergies SE Q3 2024 Tot
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Norwegian Air trims outlook after Q3 profit miss

UPDATE 2-Norwegian Air trims outlook after Q3 profit miss Adds share move, analyst comment, CEO comments, details By Agata Rybska Oct 25 (Reuters) - Norwegian Air NAS.OL lowered the upper end of its 2024 profit forecast range after reporting third-quarter core earnings below market expectations on Friday, and said its 2025 capacity growth would slow because of delays in Boeing aircraft delivery.
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Safran raises profit target after 9-month sales grow 17%

UPDATE 3-Safran raises profit target after 9-month sales grow 17% Nine-month revenues grew 17.4% Sees full-year revenues at 27.1 billion euros Targets core 2024 profit of 4.1 billion euros Supply bottlenecks, Boeing strike affect LEAP engine deliveries Adds quotes on Boeing strike, paragraph 11 By Tim Hepher PARIS, Oct 25 (Reuters) - French jet engine maker Safran SAF.PA raised its profit forecast for the year even as supply bottlenecks forced it to lower its revenue predictions on Friday, buoye
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European agency offers support for struggling space sector

UPDATE 2-European agency offers support for struggling space sector ESA to speed up downpayments for new projects to help cashflow Panel created to oversee projects after delays and cost overruns Adds details of struggling projects from paragraph 11 By Tim Hepher PARIS, Oct 24 (Reuters) - The European Space Agency unveiled plans on Thursday to speed up payments to the space industry in the face of mounting job cuts, while imposing more scrutiny following cost overruns and delays.
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European agency to boost payment terms for struggling space sector

European agency to boost payment terms for struggling space sector PARIS, Oct 24 (Reuters) - The European Space Agency said on Thursday it would introduce more flexible contract terms including increased downpayments to help improve cashflow in the European space industry. Director General Josef Aschbacher announced the move after an ESA council meeting, following a series of restructuring measures and losses among industrial suppliers.
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Boeing shares fall after workers reject latest offer

UPDATE 4-Boeing's shares fall after workers reject latest offer Boeing says disappointed with outcome Shares down 1.7% in afternoon trading 64% of US West Coast factory workers rejected latest offer Planemaker looking to raise cash to stabilize finances Adds Boeing statement, Moody's comment and Southwest comment in paragraphs 3,9,16 and 17; updates shares By Abhijith Ganapavaram, Anandita Mehrotra and Tim Hepher Oct 24 (Reuters) - Striking workers' rejection of Boeing's BA.N latest contract off
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MTU Aero Engines Q3 beats market expectations

UPDATE 2-MTU Aero Engines Q3 beats market expectations Adds share move in para 5 and analyst comment in para 6 By Isabel Demetz and Tristan Veyet Oct 24 (Reuters) - German engine manufacturer MTU Aero Engines MTXGn.DE beat third-quarter profit expectations on Thursday buoyed by commercial original equipment manufacturing and its spare parts business.
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Spirit Aero posts third-quarter revenue below estimates as Boeing strike weighs on results

UPDATE 2-Spirit Aero losses deepen, burns cash as Boeing strike bites Spirit has drawn down $350 mln loan but had only $218 mln cash at end of Q3 Boeing has not paid $425 mln of cash advances to supplier Spirit has announced worker furloughs to conserve cash Shares fall 4% in after-hours trading Recasts, writes through, changes key words for media clients Oct 23 (Reuters) - Spirit AeroSystems SPR.N posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserve
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Spirit Aero losses deepen, burns cash as Boeing strike bites

CORRECTED-UPDATE 2-Spirit Aero losses deepen, burns cash as Boeing strike bites Corrects story from Oct. 23, paragraph 3 and bullet point, to clarify that Spirit did receive $425 million cash from Boeing and that the amount was increased and partly repaid Spirit has drawn down $350 mln loan but had only $218 mln cash at end of Q3 Spirit has announced worker furloughs to conserve cash Shares fall 4% in after-hours trading Oct 23 (Reuters) - Spirit AeroSystems SPR.N posted deeper quarterly losses
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Short of planes, Russia asks Central Asian airlines to run domestic flights

Short of planes, Russia asks Central Asian airlines to run domestic flights By Gleb Stolyarov Oct 23 (Reuters) - Facing a shortage of planes due to Western sanctions, Russia is in talks with some Central Asian countries for their airlines to run domestic flights and help meet a pick up in travel demand. Russian airlines, which use many Western aircraft delivered before the war in Ukraine, are struggling to meet growing demand for air travel as sanctions hinder access to parts and domestic produc
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France's Thales reports higher nine-month sales and orders

UPDATE 1-France's Thales reports higher nine-month sales and orders Adds detail from paragraph 4 onwards By Tim Hepher PARIS, Oct 23 (Reuters) - France's Thales TCFP.PA reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand. Sales for the first nine months reached 14.07 billion euros ($15.20 billion) and new orders rose to a better-than-expected 15.55 billion, Europe's largest defence elec
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France's Thales reports higher nine-month sales and orders

France's Thales reports higher nine-month sales and orders PARIS, Oct 23 (Reuters) - France's Thales TCFP.PA reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand. Sales for the first nine months reached 14.07 billion euros ($15.20 billion) and new orders rose to a better-than-expected 15.55 billion, Europe's largest defence electronics supplier said.
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Italy - Factors to watch on Oct. 23

Italy - Factors to watch on Oct. 23 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy's economic growth this year and next will be weaker than the government's targets of 1% and 1.2% respectively, the International Monetary Fund (IMF) and the country's main business lobby said on Tues
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GE Aerospace working to keep up with LEAP engine demand, says CEO

GE Aerospace working to keep up with LEAP engine demand, says CEO CHICAGO, Oct 22 (Reuters) - GE Aerospace GE.N CEO Larry Culp said the company is working to ramp up production to keep up with demand for LEAP engines, which power Airbus AIR.PA and Boeing BA.N narrowbody aircraft. The comments came after the company forecast a double-digit decline in LEAP jet engine deliveries this year due to supply constraints.
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GE Aerospace expects LEAP engine deliveries to decline, shares fall

BUZZ-GE Aerospace expects LEAP engine deliveries to decline, shares fall Updates ** GE Aerospace's GE.N shares fall ~8.8% to $177.08 ** GE forecasts deliveries of LEAP jet engines, which power Airbus AIR.PA and Boeing BA.N narrowbody aircraft, to decline 10% this year ** Company's Q3 adjusted revenue of $8.94 bln misses analysts' estimate of $9.02
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Boeing starts to tick off its pre-flight checklist

RPT-BREAKINGVIEWS-Boeing starts to tick off its pre-flight checklist The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 21 (Reuters Breakingviews) - “It is hard to overstate the challenges we face,” Boeing’s BA.N boss Kelly Ortberg said earlier this month. Indeed, since 2018 the 737 jet maker has pled guilty to fraud, seen its stock sink 50%, fallen further behind rival Airbus AIR.PA , failed to retrieve astronauts stuck in sp
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Boeing starts to tick off its pre-flight checklist

RPT-BREAKINGVIEWS-Boeing starts to tick off its pre-flight checklist The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Oct 21 (Reuters Breakingviews) - “It is hard to overstate the challenges we face,” Boeing’s BA.N boss Kelly Ortberg said earlier this month. Indeed, since 2018 the 737 jet maker has pled guilty to fraud, seen its stock sink 50%, fallen further behind rival Airbus AIR.PA , failed to retrieve astronauts stuck in sp
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