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Boeing to Produce Apache Helicopters in $4.7 Billion U.S. Army Contract

Boeing announced on Wednesday that it will manufacture AH-64E Apache attack helicopters for international customers under a Foreign Military Sales contract. The contract, awarded by the U.S. Army, is valued at nearly $4.7 billion. A key component of the deal includes the production of 96 AH-64E Apache helicopters for the Polish Armed Forces.

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Bill Ackman Aims to List Pershing Square Publicly Next Year

The Financial Times reported on Friday, citing two people briefed on the matter, that billionaire investor Bill Ackman is aiming to publicly list his hedge fund company, Pershing Square Capital Management, early next year. The report, sourced from Reuters, indicates the planned initial public offering (IPO) is scheduled for the coming year.

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Asian Bonds See Renewed Inflows in October, Reversing September Outflows

Asian bonds witnessed renewed cross-border inflows in October, reversing the sharp outflows seen in September. This shift was driven by an improved regional growth outlook and a series of U.S. trade agreements in Southeast Asia, which lifted investor sentiment. Data from local regulatory authorities and bond market associations showed foreign investors bought a net $368

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Archer Aviation Partners with Saudi Entities for Electric Aircraft Development

Archer Aviation announced on Wednesday a partnership with The Helicopter Company and luxury developer Red Sea Global, both owned by Saudi Arabia’s Public Investment Fund, to develop, test, and potentially deploy electric aircraft in the Kingdom. Western air taxi manufacturers are increasingly expanding beyond their home markets, with the Middle East becoming a key target

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Apple iPhone Captures 25% of China Smartphone Market in October

Research firm Counterpoint reported on Tuesday that Apple’s iPhone accounted for one in every four smartphones sold in China during October. Sales surged 37% year-over-year, driven by strong demand for the new iPhone 17 series. This marks the first time Apple has reached this market share milestone since 2022, a period when competition in the

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Apple Intensifies CEO Succession Planning as Tim Cook Nears Departure

According to a Financial Times report on Friday, Apple is accelerating its succession planning efforts in preparation for Tim Cook stepping down as chief executive of the tech giant as soon as next year. The FT reported, citing several people familiar with discussions, that John Ternus, Apple’s senior vice president of hardware engineering, is widely

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American Airlines Software Update Causes Operational Delays

American Airlines announced on Friday that it expects operational delays due to a major software change required on a significant number of its Airbus A320 family jets. The airline initially stated the issue impacted about 340 aircraft. Following further clarification from Airbus, American Airlines revised the figure, confirming that only 209 A320 family aircraft are

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Amazon Announces Major Data Center and AI Investment Plans

Amazon.com plans to invest approximately $15 billion in Northern Indiana to construct data center campuses. This move aims to expand the tech giant’s cloud computing capacity to meet the surging demand for artificial intelligence. Announced on Monday, this new project adds to an $11 billion investment disclosed last year. It will contribute 2.4 gigawatts of

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