(Reuters) – Raytheon Technologies on Monday said it was awarded a $264 million modification contract from the United States Navy to produce and deliver 571 short-range AIM-9X Sidewinder missiles. The company said this was a modification to a production Lot 23 contract, that was originally awarded to the defense company in Dec. 2022. Raytheon added…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares fell on Monday, as investors awaited further stimulus measures from China to revive demand and eyed testimony from Federal Reserve Chair Jerome Powell this week for more cues on the U.S. central bank’s rate outlook. The pan-European STOXX 600 index shed 1.0%, while Germany’s DAX…
KYIV (Reuters) -Ukraine said on Monday it had recaptured an eighth village during its counteroffensive in the Russian-occupied south but that the Kremlin’s forces were trying to regain the initiative in the east by stepping up attacks. Ukrainian soldiers held up yellow and blue national flags in a video circulated on social media in which…
By Tom Balmforth KYIV (Reuters) – Ukraine has prepared an array of new military units for its long-anticipated counteroffensive this summer, while its established brigades weathered Russia’s winter offensive in the east. The first phase of the counteroffensive has begun. Here’s what we know about the new Ukrainian units. TWELVE BRIGADES NATO allies and partners…
(Reuters) – The third topical depression of the 2023 hurricane season has formed in the central tropical Atlantic and is expected to become a hurricane in a few days, the U.S. National Hurricane Center said on Monday. The depression, about 1,425 miles (2,295 km) east of the southern Windward Islands, is packing maximum sustained winds…
By Tim Hepher and Joanna Plucinska PARIS (Reuters) -Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and missiles vied for attention with the industry’s supply chain problems. The multibillion-dollar deal for single-aisle planes – the largest ever by number…
JERUSALEM (Reuters) – A top Israeli minister defied U.S. concern over settlement building in the occupied West Bank on Monday, saying the government would continue building and would not accept “preaching” from other countries. “This is our country, all of it,” said Finance Minister Bezalel Smotrich, who also holds some West Bank powers, during his…
PARIS (Reuters) – RTX expects to take a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by its Pratt & Whitney subsidiary, the company said during an investor day on Monday. GTF deliveries that are delayed in the second quarter will be recovered in the…
By Georgina Lee HONG KONG (Reuters) – The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks’ trading volume on Monday, as interest in using the new currency option was dwarfed by the Hong Kong dollar. Hong Kong Exchanges & Clearing began the so-called HKD/RMB…
By Julia Payne BRUSSELS (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday. The report warned that the European Union…
