VENTURE CAPITAL POST

Researchers in NASA is moving one step further to introduce a hybrid airplane technology in concluding its ERA project. The airplane will be able to fly on both fossil fuel and electricity, similar to hybrid car technology.

The Pentagon on Thursday said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there.

United Technologies Corp (UTX.N) Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard.

Mitsubishi Aircraft will roll out Japan's first commercial jet in more than 50 years on Saturday, amid doubts its ambition to sell more than 2,000 of the planes can match reality in the market segment.

The Pentagon on Tuesday said it had finalized a contract with Pratt & Whitney, a unit of United Technologies Corp (UTX.N), for a seventh batch of F135 engines for the Lockheed Martin Corp (LMT.N) F-35 fighter jet, and the company had agreed to pay to fix an engine issue that grounded the F-35 fleet this summer.

The US FTC announced that they are giving the green light for GE Electric Co's acquisition of Avio SpA's aviation business.