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Lockheed teams up with more German firms on military helicopter bid

April 18, 2018 4:52 AM EDT

By Andrea Shalal

BERLIN (Reuters) - Lockheed Martin Corp's (NYSE: LMT) Sikorsky has partnererd with more German firms in its bid to win a 4 billion euro ($5 billion) heavy-lift helicopter contract from Berlin, and will showcase the industrial team at next week's Berlin air show.

"This shows how important this campaign is to us. We believe it's a must-win," Beth Parcella, who heads international sales for the Sikorsky program, told Reuters on Wednesday.

The U.S. weapons... More

Brazil secures WTO backing in dispute with Canada's Bombardier

April 17, 2018 2:17 PM EDT

By Tom Miles and Bruno Federowski

GENEVA/BRASILIA (Reuters) - Brazil has secured World Trade Organization backing to press its claims against Canada in a dispute over what it says are unfair subsidies for Bombardier Inc's CSeries jets, a preliminary WTO ruling published on Tuesday showed.

The case plays into a decades-long dispute between Bombardier and its main rival, Brazil's Embraer SA , which gained higher profile after European heavyweight Airbus SE (NYSE: AIR) agreed to take a majority stake in the Canadian plane program.

"What... More

China to open auto market as trade tensions simmer

April 17, 2018 4:16 AM EDT

By Norihiko Shirouzu and Adam Jourdan

BEIJING/SHANGHAI (Reuters) - China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world's biggest car market, even as trade tensions simmer between Washington and Beijing.

In a move welcomed by Germany's powerful car industry, China's state planner said on Tuesday it would remove foreign ownership caps for companies making fully electric and plug-in hybrid vehicles in 2018, for makers of commercial vehicles in 2020, and the wider car market by 2022.

China imposed ownership restrictions in 1994, limiting foreign... More

AirAsia X won't buy 'too expensive' Airbus A350: co-group CEO

April 16, 2018 4:44 AM EDT

SINGAPORE (Reuters) - Malaysia's AirAsia X Bhd has no plans to buy the Airbus SE (NYSE: AIR) A350 widebody jet, the airline's co-group CEO said on Monday, despite the airline having 10 of them on order.

"The A350 is not an aircraft we will buy," AirAsia X co-group CEO Tony Fernandes said in a Facebook Live chat from London. "Too expensive. Fares would go... More