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Lockheed Martin to upgrade F-35 logistics and maintenance software - sources


Lockheed Martin Corp will announce on Wednesday that the U.S. Air Force and Navy have approved installation of the newest version of the F-35 fighter jet's computer-based logistics system incorporating engine data for the first time, people familiar with the program said.

Russia says Turkey's air strikes on Iraq, Syria are unacceptable

MOSCOW Russia's Foreign Ministry said on Wednesday that Turkey's air strikes on Iraq and Syria were unacceptable and had violated the fundamental principles of intergovernmental relations.


U.S. may need stronger defence against North Korea missiles - admiral

WASHINGTON The United States may need to strengthen its missile defences, particularly in Hawaii, given the advancing threat from North Korea's missile and nuclear weapons programs, the top U.S. commander in the Pacific told Congress on Wednesday.


Lower tax rate boosts Boeing's profit but revenue slips; shares down

NEW YORK Boeing Co on Wednesday reported a 19 percent rise in first-quarter profit and lifted its full-year profit forecast, as lower taxes offset declining revenue and lower-than-expected margins in its commercial airplane unit.


Exclusive - Austria investigates Airbus CEO over suspected fraud

VIENNA Airbus was plunged deeper into legal wrangling over past business dealings on Wednesday when Vienna prosecutors announced a fraud investigation into its chief executive in connection with a $2 billion (1.56 billion pounds) fighter order over a decade ago.


Earnings support FTSE, StanChart leads banks higher

LONDON British shares rose on Wednesday as gains for Standard Chartered and other companies reporting well-received results helped offset a pullback in healthcare stocks.


Airbus confirms CEO under investigation over Austria arms deal

PARIS Europe's Airbus confirmed on Wednesday its chief executive, Tom Enders, had been placed under investigation by Vienna prosecutors in connection with a fighter purchase in 2003 and called the accusations "completely unsubstantiated".

LPC-Element’s Exova buy backed by $1.5 billion financing

LONDON UK-based Element Materials Technology’s acquisition of listed British laboratory-based testing firm Exova Group will be backed with a US$1.5 billion (1.17 billion pounds)-equivalent financing underwritten by four banks, according to documents.


Airbus reaches 35 A320neo deliveries for 2017 - sources

PARIS Airbus has delivered 35 A320neo aircraft so far this year, industry sources said on Tuesday, bringing to 103 the number of upgraded medium-haul jets placed in service since deliveries began in January last year.


United Tech engine deliveries not changed by JetBlue deferral - CFO

United Technologies Corp still plans to deliver 350 to 400 Pratt & Whitney Geared Turbofan engines to plane makers this year, and does not expect the total to be reduced by JetBlue's decision to defer some Airbus aircraft with those engines, United Tech's chief financial officer told Reuters on Wednesday.


Islamic State developing new weapons despite losses - arms monitor

ERBIL, Iraq Islamic State militants have developed an improvised explosive device (IED) that can be launched from rifles or dropped from an aerial drone, an arms monitoring group said on Wednesday.


U.S. FCC chairman to propose reversing 'net neutrality' rules

WASHINGTON The head of the U.S. Federal Communications Commission on Wednesday proposed overturning the landmark 2015 Obama-era net neutrality rules that prohibit broadband providers from giving or selling access to certain internet services over others.