BERLIN (Reuters) - Lufthansa will work with Israeli defence firm Elbit Systems in the field of military drones via its maintenance subsidiary Lufthansa Technik as it seeks to expand its defence business, a spokesperson for the unit said on Monday.
The project concerns an offer to deliver and maintain up to eight of the Israeli Hermes 900 Starliner drones for the German Navy.
Lufthansa Technik will be responsible for maintenance and... (continue reading...)
By Lewis Jackson
SYDNEY (Reuters) - A Chinese fighter jet endangered those aboard an Australian military helicopter during an "unsafe" and "unacceptable" confrontation over the Yellow Sea last week, Australia said on Monday.
The incident occurred on Saturday, when a Chinese air force J-10 jet dropped flares above and several hundred meters ahead of an Australian MH60R Seahawk helicopter which was on a routine flight in the Yellow Sea as... (continue reading...)
(Reuters) - Tyson Foods surpassed Wall Street expectations for second-quarter profit on Monday, as it begins to reap the benefits of shutting some chicken processing plants to reduce costs.
Shares of the Springdale, Arkansas-based company rose 3.5% in premarket trade, after gaining more than 15% for the year so far.
The biggest U.S. meat company by sales has shuttered six U.S. chicken plants since the start of last year, laid off... (continue reading...)
(Reuters) - Spirit Airlines forecast weak second-quarter revenue on Monday due to sluggish improvement in domestic demand and grounding of dozens of its aircraft.
The airline is among the most heavily impacted by issues with RTX's Pratt & Whitney Geared Turbofan engines, which have forced it to ground multiple aircraft and resulted in high labor expenses and reduced capacity.
The carrier estimates it will average about 25 grounded... (continue reading...)
(Reuters) - Allete said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt.
The partnership would pay $67 per share in cash for all outstanding common shares of Allete, a premium of nearly 19.1% to the company's closing share price on Dec. 4, a day before an exclusive Reuters report on a potential sale.
Reuters had reported,... (continue reading...)
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