Mitsubishi Pulls Back on SpaceJet in Face of COVID-19 Pressures
The COVID-19 pandemic cast global markets into a period of uncertainty as it moved across the globe in early 2020. The impact of the virus is beginning to make its …
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Due to COVID-19, South Korea Plans Fresh Cut to 2020 Defense Budget
The South Korean government plans to trim around KRW300 billion ($245 million) from the country’s 2020 defense allocation in order to bolster its economic relief effort in light of the …
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First Ariane 6 Launch Likely Delayed Due to COVID-19 Pandemic
The first launch of an Ariane 6 rocket will likely be delayed to 2021 due to the COVID-19 pandemic, SpaceNews reported. Arianespace announced in March 2020 that operations had been …
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Airbus and Boeing Report April 2020 Commercial Aircraft Orders and Deliveries
Deliveries plummet in April due to plant closures. Airbus forced to furlough 6,200 workers in Wales and France to preserve cash as Boeing terminates joint venture agreement with Embraer by …
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Mitsubishi Suspends Development Work on M100 SpaceJet Version
Mitsubishi Heavy Industries Ltd has suspended development of the M100 variant of its SpaceJet family of regional jetliners until further notice. During the suspension, the company will review and reconsider …
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Rolls-Royce Braces for the Worst from COVID Crisis – AGM Update
Rolls-Royce cannot seem to catch a break. The company has spent the last few years dealing with corruption issues, problems on a flagship engine program, the threat of Brexit, and …
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A Glimmer of Hope? Arianespace to Resume Launches from Kourou
COVID-19 has had a tremendous impact on the space industry but the announcement that Arianespace is to resume flights might be a sign of recovery. Arianespace has been launching from …
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For These Two Countries, the Strategic Calculus in the Indian Ocean Region Remains Unchanged
Back on April 14, the International Monetary Fund announced the expected when it noted that the global economy is in a tailspin as entire economies are brought to a standstill …
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Boeing Scuttles Commercial and Military Joint Ventures with Embraer
As Boeing scrambles to conserve cash in the wake of the COVID-19 pandemic, the $4.2 billion merger with Embraer has become a casualty. The company announced that it was terminating …
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Thailand Cuts Defense Budget, Suspends Military Acquisition Projects
Thailand becomes the latest defense spending domino to fall in Asia as governments look to shift funding priorities toward novel coronavirus (COVID-19) economic and civil relief packages. With Thailand’s economy …
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