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EADS Loss Exceeds $1 bn

Wed, 10 March 2010 12:16
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EADS canceled its annual dividend for the first time as the European aerospace and defense company posted a 2009 net loss of 763 million euros ($1.04 billion), partly because of fresh provisions on the A400M military airlifter program.Shares in EADS were down 4.41 percent at 15.18 euros in yesterday…
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Gulf Air Receives 2 Embraer E-170 AR

Tue, 09 March 2010 10:53
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Gulf Air took delivery of the two 67-seater Embraer E-170 AR aircraft which will be deployed on routes including Larnaca, Istanbul, Athens, Erbil, Baghdad, and Muscat.The aircraft made its inaugural flight to Larnaca yesterday following a Press conference at the Gulf Air lounge at Bahrain Internatio…
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Oshkosh Defense Awarded $29 Million Egyptian Contract

Tue, 09 March 2010 08:04
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Oshkosh Defense, a division of Oshkosh Corporation, has received a contract modification valued at $29 million from the U.S. Army TACOM Life Cycle Management Command (LCMC) to supply more than 75 next-generation Heavy Expanded Mobility Tactical Trucks (HEMTT A4) to branches of the Egyptian Armed For…
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Saudi Airports: Major Lifts Ahead

Mon, 08 March 2010 14:26
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Saudi Arabia is planning to launch tenders worth more than 17 billion riyals ($4.5 billion) this year to modernise 2 airports in the Kingdom, an official said.Traffic at Saudi airports reached 30 million passengers annually and is expected to double to 60 million over the next 10 years, said Alaa Sa…
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Bahrain: Global Aviation Hub

Mon, 08 March 2010 13:17
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The Bahrain Airport Company (BAC), which officially took over the management and operation of the Bahrain International Airport from March 1, is planning to turn the Kingdom into a global aviation hub.BAC said it seeks to unify the goals of the Bahrain airport entities for the benefit of travellers,…
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China's Defense Spending Slower

Mon, 08 March 2010 12:28
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China's defense spending will rise 7.5 percent to $76.3 billion in 2010, according to a draft budget report released this past week.That's quite a bit slower than the 12.9 percent average growth from 1996 through 2008, a period in which the country's GDP grew by an annual average of 9.6 percent. Chi…
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