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Aerospace And Defence

FILE PHOTO: Banner announcing XPeng Inc. at New York Stock Exchange (NYSE)...

EV maker Xpeng, its CEO invest in air taxi startup

Chinese electric vehicle (EV) maker Xpeng Inc said on Saturday that along with its CEO, He Xiaopeng, it has invested in air taxi startup Xpeng Heitech, as the global auto industry explores future mobility.

FILE PHOTO: A man looks at Rolls Royce's Trent Engine displayed at the...

Rolls-Royce says no final decision on potential stakes

Rolls-Royce said on Friday that no final decision had been made on allotting shares to potential investors, "including any sovereign wealth fund", as the British engineering firm was still reviewing all available funding options.

FILE PHOTO: Automobile awards The golden steering wheel in Berlin

SpaceX handed loss in challenge over Air Force contract

A federal judge plans to deny SpaceX's challenge to U.S. Air Force contracts awarded to its rivals, writing in a Thursday court filing that the Pentagon properly assessed the development of SpaceX CEO Elon Musk's Starship rocket system as "too risky and expensive."

FILE PHOTO: Aerial photos show Boeing 737 Max airplanes on the tarmac in...

FAA chief set to conduct 737 MAX evaluation flight next week

Federal Aviation Administration Chief Steve Dickson is set to conduct an evaluation flight at the controls of a Boeing 737 MAX next week, a key milestone as the U.S. planemaker works to win approval to resume flights, the agency told lawmakers.

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