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REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsBEIJING, Sept 15 (Reuters) - China will impose sanctions against U.S. aerospace and defence firms Northrop Grumman (NOC.N) and Lockheed Martin (LMT.N) for providing weapons to Taiwan, the Chinese foreign ministry said on Friday. The sanctions are being enacted under China's Anti-Foreign Sanctions Law, ministry spokesperson Mao Ning told a regular press briefing. Mao named Lockheed Martin Corp's branch in Missouri as the prime contractor that was directly involved in an arms sale to Taiwan on Aug. 24 and said Northrop Grumman has repeatedly participated in the sale of weapons to Taiwan. Taiwan has also reported dozens of Chinese fighters, bombers and other aircraft flying into its air defence zone this week. China's wide-ranging law to counter foreign sanctions came into force in 2021 in an apparent move to legalise tit-for-tat retaliation against punitive actions taken by foreign countries.

Persons: Kim Kyung, Northrop, Lockheed Martin, Mao Ning, Mao, Northrop Grumman, Joe Biden, Joe Cash, Liz Lee, Kim Coghill, Christian Organizations: Lockheed, Japan Aerospace, REUTERS, Rights, U.S, Northrop Grumman, China's, Foreign, Thomson Locations: Japan, Tokyo, Rights BEIJING, China, Taiwan, U.S, Missouri, China . U.S, Shandong, Taiwan's, Beijing

☆ The Public Face of China's Military Under Corruption Probe
▼ + stars: | 2023-09-15 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +5 min

But part of Xi's drive to improve his fighting force has been to stamp out corruption that has long plagued China's military and other state institutions. A leader China's space and cyber warfare development and then head of military procurement, Li, 65, was elevated to defence minister in March. He also has a more public role than others on the Central Military Commission, China's top defence body, commanded by Xi. Li's term at the Central Military Commission highlighted his ties to Xi, who has strengthened his grip across the military. A bigger question is what priority Beijing will continue to place on China's military diplomacy amid ongoing regional tensions.

Persons: Greg Torode, Laurie Chen BEIJING, Li Shangfu, Li, Xi, Nancy Pelosi, Lloyd Austin, James Char, Russian Su, Zhang Youxia, Zhang, Laurie Chen, John Geddie, William Mallard Organizations: Reuters, Central Military Commission, West, People's Liberation Army, PLA, Rajaratnam, of International Studies, Strategic Support Force, Equipment Development Department of, Communist Party Congress Locations: United States, Taiwan, Beijing, Russia, Washington, U.S, Singapore, China, Belarus, Ukraine, Russian, Hong Kong

[1/3] United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. But UAW President Fain has said Ford could have funded better pay and benefits for workers if it curtailed stock buybacks and dividends to shareholders. Full-time Ford employee Robert Murphy, 53, said he was bothered that some workers get half the pay of others doing similar jobs. The strike is ambitious in taking on three automakers at once, but strategic in that keeping most factories running preserves workers' strike fund. Shortly after, one supporter of plant workers, a 38-year GM veteran who declined to give his name, said he did not think the industrial action would stop until the automakers gave into the union demands.

Persons: Shawn Fain, Rebecca Cook, Eric Mullins, Jim Farley, Ford, Fain, Robert Murphy, Murphy, ” Murphy, Eric Cox, Kevin Krolicki, Jamie Freed, Peter Henderson, Clarence Fernandez, Nick Zieminski Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, General Motors, Chrysler, Ford’s, Plant, UAW, Ford, Thomson Locations: Wayne , Michigan, U.S, WAYNE , Michigan, Detroit

CNN —China appears to have suspended its surveillance balloon program following a major diplomatic incident earlier this year, when one of the country’s high-altitude spy balloons transited the United States, multiple sources familiar with US intelligence assessments told CNN. The apparent suspension of the program comes as both the US and China have sought to stabilize an increasingly tense relationship. The US assessed at the time that the spy balloon was part of an extensive surveillance program run by the Chinese military, CNN has previously reported. “We believe that (the balloon) did not collect while it was transiting the United States or flying over the United States, and certainly the efforts that we made contributed,” Pentagon Press Secretary Brig. The more sensitive radar systems led the US military to spot more unidentified objects in US airspace, however, leading to three additional shootdowns of unidentified high-altitude objects in the weeks following the Chinese balloon incident.

Persons: Liu Pengyu, majeure, ” Liu, Joe Biden, Xi Jinping, Xi “, Xi, ”, Biden, Antony Blinken, Nancy Pelosi, enraging Xi, Christopher Johnson, Johnson, ’ ” Johnson, Pat Ryder Ryder, Trump, Glen VanHerck Organizations: CNN, Communist Party, US, Economic Cooperation, CIA, Center for Strategic, International Studies, Foreign Ministry, FBI, Pentagon, Northern Command, North American Aerospace Defense Command Locations: China, United States, American, Beijing, Taiwan, Hainan, Alaska, Canada, Idaho, Montana, Asia, San Francisco, United

☆ China, Venezuela sign agreements on economy, trade, tourism
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

China on Wednesday upgraded relations with Venezuela to an "all-weather strategic partnership", typically reserved for a select few nations. Maduro said Venezuela supports China's Belt and Road Initiative to boost trade infrastructure, Chinese media said, referring to a related conference in China next month. China has said it has Belt and Road cooperation agreements with more than 150 countries and over 30 international organisations. China said it is willing to support construction of special economic zones in Venezuela and both countries agreed to further develop bilateral trade and "enrich the variety of trade goods". In the statement they also said agreements on aviation and aerospace include future flights between the countries and cooperation in spaceflight.

Persons: Xi Jinping, Nicolas Maduro, Maduro's, Xi, Maduro, Bernard Orr, Liz Lee, Ella Cao, Elaine Hardcastle, Christopher Cushing Organizations: of, REUTERS Acquire, China Central Television, China, Initiative, United Nations, New Development Bank, Thomson Locations: Beijing, China, Miraflores, Handout, Venezuela, BEIJING, Venezuelan, China's, Brazil, Russia, India, South Africa

☆ Twenty years after euro "No" vote, Swedes fret over weak crown
▼ + stars: | 2023-09-14 | by ( Simon Johnson | ) www.reuters.com time to read: +6 min

Think Sweden, where a nosedive in the local crown currency over the past 18 months is proving a blessing for used-car dealers and other exporters. Companies like KP Energy, which imports solar panels to sell to trade buyers, cite the damaging effects of higher purchase costs and rising interest rates, which hit household spending. "It impacts us a huge amount when the crown weakens against the euro and when the demand picture changes," its CEO Filip Wiqvist said. A Demoskop poll this week showed 42% would vote "No" to joining the euro, while 34% would support it. Believing the crown is around 20% undervalued, the Riksbank has hedged its own foreign currency exposure in anticipation of future strengthening.

Persons: Joachim Agren, Registradores, Espania, Filip Wiqvist, Wiqvist, Jan Soderstrom, Annika Winsth, SEB, Robert Bergqvist, Martin Floden, Floden, Catherine Evans Organizations: STOCKHOLM, BCA, Reuters, Companies, KP Energy, European Union, Technologies, KPMG, European, NATO, Thomson Locations: Stockholm, Sweden, Swedish, Spain, EU, Ukraine, Turkey

☆ Dubai Aerospace flags corrosion in plane leased to India's bankrupt Go First
▼ + stars: | 2023-09-14 | by ( Arpan Chaturvedi | ) www.reuters.com time to read: +2 min

REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsNEW DELHI, Sept 14 (Reuters) - Dubai Aerospace Enterprise (DAE) Capital has told an Indian court it detected corrosion of some parts and "a greenish deposit" on a plane leased to bankrupt airline Go First, after another lessor complained about "robbed" parts. The lessors currently are only allowed an occasional inspection of the grounded Go First planes, which DAE and others claim are not being properly maintained. DAE court documents show it was worried about a lack of covers on cabin and cockpit seats "which would eventually lead to fungus formation", according to an internal e-mail contained in the filing. Indian media outlet Mint reported on Thursday that another lessor, BOC Aviation, also told the Delhi court about algae formation as the planes were not covered. Go First lessor SMBC Aviation Capital Aviation in May told an Indian court that Indian bankruptcy law, which blocks plane repossession, will jolt the market and spark a confidence crisis.

Persons: Adnan Abidi, DAE, Arpan Chaturvedi, Aditya Kalra Organizations: REUTERS, Dubai Aerospace Enterprise, Go, ACG Aircraft Leasing, BOC Aviation, SMBC Aviation Capital Aviation, Thomson Locations: New Delhi, India, DELHI, Delhi

☆ More companies, especially airlines, warn higher costs will eat into profits
▼ + stars: | 2023-09-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

More companies are warning that a surge in the cost of fuel and employee pay hikes will eat into profits this quarter. Airlines, whose biggest expenses are jet fuel and labor, are getting hit particularly hard. The carrier said it is paying more for fuel than it expected but said maintenance costs were also higher than anticipated. U.S. jet fuel at major airports averaged $3.42 a gallon as of Tuesday, up 38% from two months ago, according to Airlines for America, an industry group. On Wednesday, American Airlines trimmed its earnings forecast, following revisions at Alaska Airlines and Southwest Airlines .

Organizations: Companies, Airlines, Delta Air Lines, U.S, Airlines for America, American Airlines, Alaska Airlines, Southwest Airlines Locations: Hollywood

☆ A UPS driver posted their $2,400 weekly paycheck to Reddit. Here's the flood of comments it sparked.
▼ + stars: | 2023-09-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

A viral Reddit post about a UPS driver's pay sparked complaints and praise. Interest in becoming a UPS driver is spiking after UPS increased total compensation to $170,000. A Reddit user posted an apparent copy of their UPS paycheck to the site on Tuesday — and it quickly went viral. For 49 hours of work, the UPS driver made more than $2,400 before taxes, according to the paycheck that was posted. "I'm a UPS delivery driver.

Persons: couldn't, they'd Organizations: UPS, Service, Teamsters Locations: Wall, Silicon, Texas

☆ FTSE 100 inches higher on Fed pause bets; ECB decision on watch
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 up 0.3%, FTSE 250 flatSept 14 (Reuters) - UK's FTSE 100 opened higher on Thursday after U.S. inflation data bolstered bets that the Federal Reserve will keep interest rates steady next week, while Melrose and Unite Group fell in ex-dividend trading. The exporter-heavy FTSE 100 index (.FTSE) edged up 0.3% in early trade, while the domestically focussed FTSE 250 index (.FTMC) was flat. Shares of real estate firm Unite Group (UTG.L), product testing company Intertek Group (ITRK.L) and aerospace supplier Melrose (MRON.L) declined between 0.5% and 1.5% as they traded ex-dividend. Reporting by Siddarth S in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Siddarth, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Federal Reserve, Melrose, Unite Group, European Central Bank, Unite, Intertek, Thomson Locations: Canary Wharf, London, Britain, Bengaluru

☆ Elon Musk's friends 'staged an intervention' when he said he wanted to start his own rocket company and made him watch videos of rockets exploding
▼ + stars: | 2023-09-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Elon Musk's friends held an intervention to stop him starting a rocket company, according to a new book. His college friend made him watch videos of rockets blowing up and warned him he'd lose his money. "When Musk decided he wanted to start his own rocket company, his friends did what true friends do in such a situation: they staged an intervention," journalist Walter Isaacson wrote in the book, titled "Elon Musk." "They made me watch a reel of rockets exploding, because they wanted to convince me that I would lose all my money," Musk told Isaacson. "I wanted to hold out hope that humans could be a space-faring civilization and be out there among the stars," he told Isaacson.

Persons: Elon, he'd, Musk, Elon Musk's, Walter Isaacson, Elon Musk, Isaacson, He's, Gwynne Shotwell Organizations: Service, University of Pennsylvania, PayPal, Mars Society, Lockheed, Boeing, Exploration Technologies, SpaceX, NASA Locations: Wall, Silicon, Los Angeles, United States, Russia, Mars

☆ A kid posed with his pilot dad in an airplane. Almost 30 years later they recreated the photo
▼ + stars: | 2023-09-13 | by ( Francesca Street | ) edition.cnn.com time to read: +8 min

Meanwhile Flowers’ father – also called Ruben Flowers – was nearing retirement and readying for his final Southwest flight as Captain. “It was just great to be able to recreate that moment,” says the younger Flowers. “It was a dream come true moment.”Family affairHere's Captain Ruben Flowers and First Officer Ruben Flowers recreating the 1990s photo in 2023. The Flowers family aviation legacy began when the older Flowers was a kid growing up in Michigan in the 1960s and 70s. The older Flowers is excited for that day too, and says he’s unendingly proud of his three children.

Persons: CNN — Ruben Flowers, Flowers, He’d, –, Ruben Flowers –, readying, they’d, ”, Ruben Flowers, there’s, didn’t, it’s, Louis Freeman, Freeman, “, He’s, he’s, he’ll, he’s unendingly Organizations: CNN, Southwest Airlines, CNN Travel, Southwest, ”, intel, Airlines, Organization of Black Aerospace Locations: Southwest, Omaha , Nebraska, Chicago , Illinois, Michigan

☆ Chinese titanium producers expect boost from new iPhone
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephanie Lecocq Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's titanium producers said on Wednesday they expect stronger demand for the lightweight metal after the launch of a new model of Apple's iPhone with a titanium shell. China accounts for more than 60% of the 240,000 metric tons of titanium and titanium alloys produced globally each year, according to the CNIA. A consumer product "monster" such as the iPhone would help bring wider adoption of titanium in new industries, replacing materials like stainless steel, he added. The titanium shell on the new iPhone is made with an alloy known as Grade 5 Titanium that also contains small amounts of aluminium and vanadium, according to three Chinese titanium producers. "There's a technical barrier to produce titanium alloys and international enterprises such as Apple require high standards.

Persons: Stephanie Lecocq, Zhao Wei, Zhao, Foxconn, Ningwei Qin, Amy Lv, Siyi Liu, Dominique Patton, Sharon Singleton Organizations: Apple, REUTERS, Rights, China Nonferrous Metals Industry Association, Ningwei, Thomson Locations: Lille, France, Rights BEIJING, China

☆ India's Aeroflex in talks to enter aerospace sector - executive
▼ + stars: | 2023-09-13 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

BENGALURU, Sept 13 (Reuters) - India's Aeroflex Industries (AERO.NS), whose metal hoses are used in utilities, refineries and fire fighting equipment, is in talks to enter the aerospace sector, a top company executive said, aiming to capitalise on the country's burgeoning space program. "It is our aim that our products be a part of India's next space mission," Aeroflex Managing Director Asad Daud told Reuters in an interview last week. While HAL and BHEL are existing clients, the ongoing talks are a first for specific space-related projects, he said. Aeroflex expects its total revenue to increase by 35% in the next three to four years, with at least 5% coming from aerospace, Daud said. Aeroflex has three Chinese suppliers that, currently, meet 70%-75% of its needs for their coils.

Persons: Asad Daud, Daud, Aeroflex, Hritam Mukherjee, Dhanya Organizations: Aeroflex Industries, Reuters, Hindustan Aeronautics Ltd, HAL, Electricals, Indian Space Research Organisation, ISRO, Thomson Locations: BENGALURU, India, India's, China, Bengaluru

☆ How could Russia help North Korea build a satellite?
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +4 min

The unprecedented visit comes as North Korea seeks to put its first spy satellite into orbit, an effort that has seen two failed attempts this year. Here's what we know about North Korea's race for space, why it's so controversial, and how Russia might help:WHY DOES NORTH KOREA WANT A SATELLITE? Seoul said the satellite had little military value, though analysts said any working satellite in space would provide North Korea with better intelligence on its enemies. At the time of the 2016 space launch, North Korea had yet to fire an intercontinental ballistic missile (ICBM). "Any form of satellite technology transfers or coordination between Russia and North Korea could be against international sanctions," he said.

Persons: Vladimir Putin, Kim Jong, Mikhail Metzel, Kim Jong Un, Kim, Pyongyang’s, Brian Weeden, Putin's, Lee Choon Geun, Lee, Josh Smith, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, Rights, North Korean, TASS, Secure, Foundation, United Nations, North, Vostochny, Korea's Science, Technology Policy Institute, Thomson Locations: Amur, Russia, Kremlin, Rights SEOUL, Pyongyang, Korea, North, North Korea, South Korea, Seoul, U.S, United States

☆ As Apple launches new phone, key facts on titanium
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. China's titanium producers said they expect stronger demand after the launch of the new Apple models. Titanium minerals are used to make titanium sponge which can be turned into metal for industrial applications. China was the second largest importer of titanium sponge with more than 13,000 tons last year, followed by South Korea with 9,000 tons, according to TDM. WHAT IS TITANIUM USED FOR?

Persons: Aly, Pratima Desai, Emelia Sithole Organizations: Apple, REUTERS, United States Geological Survey, WHO, Trade Data Monitor, Titans, Thomson Locations: Shanghai, China, Japan, Russia, Kazakhstan, Ukraine, United States, South Korea, Saudi Arabia, vaping

☆ Airlines, suppliers set to take a hit from RTX's jet engine issues
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A Raytheon Technologies (RTX) logo is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsSept 12 (Reuters) - Airlines and aerospace suppliers are expected to take a hit after RTX Corp (RTX.N) said on Monday 600-700 engines on Airbus A320neo jets need to be inspected for quality issues, which could ground hundreds of aircraft through 2026. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the Pratt & Whitney Geared Turbofan (GTF) engine's core. The presence of those contaminants could lead to cracks in the engine. The following airlines and aerospace suppliers expect to be affected:($1 = 0.8015 pounds)($1 = 0.9317 euros)Compiled by Pratyush Thakur in Bengaluru; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, RTX, Pratyush Thakur, Shounak Dasgupta Organizations: Raytheon Technologies, Paris, REUTERS, Airlines, RTX Corp, Airbus, Pratt & Whitney, Thomson Locations: Le Bourget, Paris, France, Bengaluru

Ukrainian Antonov An-225 Mriya cargo plane, the world's biggest aircraft, flies during the Independence Day military parade in Kyiv, Ukraine August 24, 2021. Antonov did not respond to requests for comment on the centre and expansion plans in the drone sector. Under Ukroboronprom, Antonov has designed and built drones in the past, including the Horlytsia model, but cargo planes have long been its primary focus. Antonov's expertise in cargo planes could also be applied to long-distance drones, the source added, giving Ukraine's armed forces the capability to strike deeper into Russian territory. LIVE TESTINGKyiv has used aerial drones to attack airfields and Russian troops and aquatic drones against ships and a bridge.

Persons: Gleb Garanich, Antonov, Oleksandr Kamyshin, Ukroboronprom, inefficiently, Tom Balmforth, Tim Hepher, Mike Collett, White, Alexander Smith Organizations: world's, Independence Day, REUTERS, Reuters, Washington , D.C, Vehicle, Russia, Strategic Industries, Thomson Locations: Kyiv, Ukraine, KYIV, Washington ,, Soviet, Russia

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

☆ From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +4 min

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. AUTOMOTIVEUnited Auto Workers (UAW) union has been embroiled in a dispute over wages and pension plans with the Detroit Three automakers. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July. If workers do not vote to ratify the contract, the union will vote the following week on whether to strike.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Kalluvila, Shounak Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Hollywood, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three automakers, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, California, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

TOKYO (AP) — Asian shares were trading mixed Tuesday following a Big Tech rally on Wall Street, as investors awaited an update on U.S. consumer prices set for later in the week. The Federal Reserve is weighing whether to keep raising interest rates steady in its effort to get inflation back to 2%. Monday on Wall Street, the S&P 500 rose 0.7% to 4,487.46, coming off its first losing week in the last three. How Apple performs has great consequence for the market because it's the most valuable stock on Wall Street. In energy trading, benchmark U.S. crude gained 32 cents to $87.61 a barrel in electronic trading on the New York Mercantile Exchange.

Persons: Australia's, Hang Seng, ” Anderson Alves, ActivTrades, Tesla, Apple, RTX, Smucker, Daniel Zhang Organizations: TOKYO, Big Tech, Nikkei, Federal, Fed, Federal Reserve, CME Group, Dow Jones Industrial, Nasdaq, Amazon, Communications, Walt Disney Co, ESPN, Disney, Apple, Qualcomm, . Aerospace, Pratt & Whitney, Hostess Brands, New York Mercantile Exchange, Brent, U.S Locations: Hong, Shanghai, U.S, Folgers, Smucker’s, United States

☆ NATO's 2 least-friendly members have a history of aerial showdowns, and they're both about to get new stealth jets
▼ + stars: | 2023-09-12 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Greece and Turkey both plan to roll out new stealth jets by the end of the decade. Greece is acquiring F-35s from the US, while Turkey is building the domestically designed TF Kaan. The TF KAAN at its presentation ceremony in Ankara on May 1. AdvertisementAdvertisementBohl said several factors could hinder timely production of the TF Kaan, including fiscal considerations, national spending priorities, and Ankara's foreign partnerships. Stealth jets over the AegeanAn F-16 with Greece's Zeus solo display team at an airshow in Pireus in November 2016.

Persons: Dhruv Gopinath, Pratt, Whitney, Ryan Bohl, RANE, Yavuz Ozden, Bohl, George Tzogopoulos, Tzogopoulos, Greece's, George Panagakis, Cuneyt Organizations: NATO, Service, US Air Force, Souda Air Base, Tech, Turkish Aerospace Industries, GE, East, TF, Hellenic Air Force, Turkish, BAE Systems, Stealth, Pacific Press, Getty, NATO Air Policing, Anadolu Agency, Ankara Locations: Greece, Turkey, Wall, Silicon, Dhruv Gopinath Athens, Ankara, North Africa, Turkish, Crete, Azerbaijan, Pakistan, Pireus, Athens, Malbork, Poland

The issue also forced RTX to decrease its $9 billion free cash flow goal for 2025 to approximately $7.5 billion. The quality issue relates to a "rare condition" in powder metal used to manufacture engine parts, such as high pressure turbine disks and high-pressure compressor disks, that could result in micro-cracks and fatigue. Pratt & Whitney is also analyzing the impact of the quality issue on other engine models in its fleet, but that impact is expected to be far less, RTX said. The company expects to release a service bulletin in the next 60 days laying out an inspection protocol for high pressure turbine disks and compressor disks. It also plans to add maintenance capacity and increase part output to help mitigate the impact to GTF customers, RTX, said.

Persons: Benoit Tessier, RTX, Pratt & Whitney, Valerie Insinna, Abhijith, Arun Koyyur, Nick Zieminski Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, RTX, Airbus, Raytheon, Pratt &, Thomson Locations: Le Bourget, Paris, France, RTX, Washington, Bengaluru

☆ Astronaut Frank Rubio sets US record for longest trip in space
▼ + stars: | 2023-09-11 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

CNN —Astronaut Frank Rubio has now been in low-Earth orbit for more than 355 days, breaking the record for the longest space mission by a US astronaut. Rubio — who has been on the International Space Station since September 2022 — bested the previous record, held by retired NASA astronaut Mark Vande Hei, at 1:40 p.m. NASAIn the record booksIf all goes to plan, and Rubio departs on September 27, his 371-day stay will not be a world record for the longest space mission. She now serves as a private astronaut for Axiom Space, which so far has hosted two commercial trips to the space station that have allowed paying customers to experience a trip to the orbiting laboratory alongside a veteran professional astronaut. During his stay in space, Rubio has seen several crews of astronauts rotate through via SpaceX vehicles.

Persons: Frank Rubio, Rubio —, —, Mark Vande Hei, Rubio, crewmates, Sergey Prokopyev, Dmitri Petelin —, Roscosmos, Rubio’s, Vande Hei, Bill Nelson, Frank ! ” Rubio, Valeri Polyakov, Vande Hei’s, Scott Kelly, Gennadi Padalka, Peggy Whitson, Whitson, Anna Kikina, Joel Montalbano, ” Montalbano, European Space Agency — Organizations: CNN, Space Station, NASA, Russian Soyuz, Soyuz, SpaceX, Roscosmos, Space, Russian, Japan Aerospace Exploration Agency, European Space Agency Locations: Russian, Roscosmos, Russia, United States, Ukraine

☆ A new improvised anti-drone protection system appears at Russian military airfield
▼ + stars: | 2023-09-11 | by ( David Cenciotti | The Aviationist | ) www.businessinsider.com time to read: +3 min

Russians are not only using car tires to protect their aircraft from Ukrainian "kamikaze" drones. A Telegram channel recently posted images of what's described as an anti-drone structure at a Russian airfield. According to Ukrainian sources, the tires are being used as a sort of makeshift protection from attacks carried out with kamikaze drones. A rough translation of the first part FighterBomber's post reads as follows:"This solution was urgently developed, and literally in a couple of days it was installed at one airfield to protect aircraft from drones. How the system works is not clear: maybe the net is used to repel hostile drones that would get caught up in the wires.

Persons: what's, Engels, Sukhoi Su Organizations: Telegram, Service, Russian Aerospace Forces Locations: Ukrainian, Russian, Russia, Wall, Silicon, Sukhoi, Ukraine

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