Terran Orbital’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital, the defense giant revealed in a securities filing on Friday. The nonbinding proposal would see Lockheed acquire Terran Orbital’s outstanding common stock at $1 a share in cash, as … Read more
A “grapple test” of the spacecraft’s robotic servicing arm. NASA NASA is shutting down a $2 billion project to test satellite refueling in space, it announced on Friday, after the agency’s auditor criticized the program’s lead contractor Maxar for poor performance. The space agency said in a statement that the OSAM-1, or “On-orbit Servicing, Assembly, … Read more
Airplane fuselages bound for Boeing’s 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Nick Oxford | Reuters Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the … Read more
Bloomberg | Bloomberg | Getty Images The transports industry remains under a cloud of uncertainty. The Covid boom fueled a major stock rally, but it was followed by a freight recession, overcapacity in ocean shipping and trucking, and now a sector rebound in a strong economy. All the companies involved in the movement of global … Read more
Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Patrick McMullan | Getty Images The death earlier this month of Foremost Group CEO Angela Chao — the sister-in-law of Senate Minority Leader Mitch McConnell — is currently under “criminal investigation,” a … Read more
A top trade official at the Department of Homeland Security said in Capitol Hill testimony on Thursday that the Biden administration is concerned about the extent of Chinese manufacturing presence in critical U.S. port operations. During a House hearing that centered on cranes operating at the ports in the United States, 80% of which are … Read more
Hyundai Motor Group is the world’s third-largest automaker in the world by volume — but it wasn’t always so. In the late 1980s and 1990s, Hyundai cars suffered ridicule in America for being cheap and low quality. But that is no longer the case. The three auto brands in the automaker’s stable — Hyundai, Kia … Read more
An all-electric Ford Mustang Mach-E at a Tesla Supercharger station charging. Ford DETROIT – Ford Motor is rolling out Tesla Supercharging capabilities to owners of its electric vehicles in the U.S. and Canada. The launch begins Thursday, but is expected to be supply constrained at the start. The Detroit automaker was the first to announce … Read more
Every six months, the automotive research company JD Power surveys some 5,000 US electric vehicle owners about their experiences driving their battery-powered cars. The latest edition of this survey, out this week, found that EV’s perennial bugbear is still bugbear-ing. In fact, it’s got worse: Drivers say they are even more dissatisfied with the availability … Read more
At launch, the Maserati GranCabrio is available in the Trofeo trim level. It includes a 3.0 liter twin-turbo V6 engine. Maserati Maserati’s first GranCabrio convertible since 2019 is expected to go on sale this summer in the U.S. with a top speed of nearly 200 miles per hour and likely a six-figure price tag that … Read more
