VENTURE CAPITAL POST

US airline officials began a fresh investigation after the engine cowling of a Boeing 737-800 fell off during takeoff.

Airbus Group wins the contract for the Philippine Airlines' new aircraft order worth $1.8 billion. The Southeast Asian carrier is looking forward to carry passengers to New York and U.S. West coast.

Boeing has been reported to wait for approval pending with the US government regarding purchase of F/A-18 jets by the Navy and Kuwait. Delay in approving funds has become a growing concern. Further delay in rendering approval may compel in Boeing authority to decide hundreds of millions dollar fund to keep its Saint Louis plant operative.

The U.S. Air Force said Boeing would build the planes to replace the two outdated model of Boeing VC-25 airplanes used by the U.S President. Boeing was the sole bidder, and the initial $25.8 million contract to reduce risk and lower the cost of the program by looking at the tradeoff between the requirements and design of the new plane.

Boeing Co and Tata Advanced Systems (TASL) will float a joint venture (JV) for manufacturing fuselages for the AH-64 Apache attack helicopter in India. The JV will set up a center of excellence (CoE) and it'll also be in competition for getting contracts to make additional Boeing platforms including commercial and defense.

United Launch Alliance (ULA), a joint venture floated by Lockheed Martin Corp and Boeing Co, has bagged a contract worth $882million for launching satellites for the US Air Force with Delta IV and Atlas V rockets. The contract is effective from 1 October and includes launch capability, mission, integration, base and range support, maintenance, depreciation on equipment, mission assurance, program management, systems engineering and launch site and range operations during the 2016 fiscal year, according to US Defense Department. The usage of Atlas V rockets will enable the US Defense Department to compete for military and spy satellite launch contracts. ULA is poised for its latest launch this week and this is its 100th mission this week.

On September 25, the U.S. Air Force's new KC-46A will start to take off and have its first flight. The aircraft is an aerial refueling tanker made by Boeing Co. The flight was announced Tuesday by Brig. Gen. Duke Richards during the Air & Space Conference near Washington, DC. The development for the eventual successor to the KC-135 and KC-10 was originally planned for the spring as reported by Defense Tech.

A partnership between Boeing Co. and Lockheed Martin Corp. known as United Launch Alliance (ULA) has sealed a deal with Jeff Bezo's space company, Blue Origin. The new partnership agreement took place as Aerojet Rocketdyne Holdings was reported to have made an offer to buy the joint venture company for a reported amount of $2 billion cash.

Aerojet Rocketdyne Holdings Inc reportedly made a $2 billion offer to United Launch Alliance, the prime spacecraft launch service provider of Pentagon jointly owned by Boeing Co. and Lockheed Martin Corp.

Boeing Co shares dropped as much as 3 percent on Wednesday despite strong earnings, reflecting concerns about the aerospace company's cash flow, orders and costs.

Hainan Airlines Co Ltd (600221.SS), China's fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co (BA.N) B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.

An unmanned Delta 4 rocket blasted off from Florida on Wednesday to deliver the ninth of 12 next-generation Global Positioning System satellites into orbit.

Boeing Co (BA.N) is well-positioned to hit record production targets for its popular 737 jetliner by 2018, having learned from past mistakes, the head of its industrial system told Reuters.

A pair of U.S. astronauts floated outside the International Space Station on Saturday to begin rigging parking spots for two commercial space taxis.

The aerospace industry is shifting more manufacturing investment to the United States after a decade in which production jobs in the sector flowed to China and other emerging economies, according to a new study.