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      Trump reinstates US blockade of Strait of Hormuz

      Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region

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aerospace

  • Dallas engineering giant Jacobs to support UK’s first satellite launch site

    July 27, 2021

    Dallas engineering giant Jacobs, which works with NASA, has secured a role in supporting the UK’s first vertical space satellite launch site due to be based in the Scottish Highlands. Jacobs will assess the local supply chain and report on how advanced engineering, asset management and avionics – aviation electronics – can be transferred to [...]

  • Bezos offers to cover $2bn of Nasa costs for lunar contract

    July 27, 2021

    Amazon billionaire Jeff Bezos offered Nasa a $2bn (£1.45bn) discount if the space agency allows its company Blue Origin to build a spacecraft to land astronauts on the moon. Bezos said Blue Origin would waive payments up to $2bn in the current and next two fiscal years “to get the program back on track right [...]

  • LA firm raises £450m to 3D-print rockets to help us live on Mars (really)

    June 9, 2021

    Blackrock and actor Jared Leto are among investors in a $650m (£450m) capital raise by a Californian firm which plans to 3D-print rocket boosters that the founder claims are part of efforts to live on Mars. Relativity Space, founded by Tim Ellis – a former engineer at Jeff Bezos’ space firm Blue Origin – is [...]

  • Ready, set, go: Britain is bound for the next space race

    May 26, 2021

    The UK is bound for a seat in the next space race, the transport secretary has said today, as the government preps for Virgin’s commercial Orbit mission – the UK’s first space-bound flight. The National Space Agency (NSA) confirmed on Monday that spaceflights will soon be a reality as the government has funded spaceports that [...]

  • UK companies to help plot ‘constellation’ of satellites around the Moon

    May 20, 2021

    UK space companies have begun developing navigation and telecommunication capabilities to put a ‘constellation’ of satellites around the Moon, according to the European Space Agency (ESA) today. With funding from the UK Space Agency, Surrey Satellite Technology Limited (SSTL), Inmarsat and MDA Space and Robotics have bagged £2m contracts with the ESA for the satellite [...]

  • Airbus to shut a Spanish production plant

    May 19, 2021

    Airbus SE have announced plans to merge the activities of its two plants in Spain since the end of the production of A380 superjumbos has left the factories without enough work to sustain them both.  The French company has already held discussions with the Spanish government and unions and aims to avoid forced layoffs, according [...]

  • Rocket debris racing for Earth, expected to arrive tomorrow

    May 7, 2021

    Debris falling from a Chinese rocket is expected to land on Earth tomorrow, amid concerns it could cause damage upon re-entry into the atmosphere. A Chinese foreign ministry spokesperson Wang Wenbin urged today that most of the debris will be burned up on re-entry and is highly unlikely to cause any harm. The Defence Department [...]

  • Sunak’s subsidy scheme will save just one job per company in the business travel sector

    September 30, 2020

    Last week, the chancellor outlined his Winter Economy Plan — trying to balance the needs of the economy with our health and wellbeing. No enviable task.  Listening to his polished performance in the Commons, it would be easy to conclude that the chancellor’s new approach — underpinned by a Job Support Scheme and extended tax [...]

  • Boeing ‘mulls raising more debt’ as aerospace giant feels the pinch

    January 6, 2020

    Boeing is said to be considering whether to raise more debt to boost its finances, which have come under intense strain from the grounding of its 737 Max jet. The firm has already taken a nearly $10bn (£7.6bn) hit on the 737 Max since the second of two crashes involving the jet happened in March [...]

  • Boeing scraps festive bonuses in UK amid ‘challenging time’ for aerospace giant

    January 5, 2020

    Boeing’s UK employees will be glad to have put 2019 behind them, after the aerospace giant reportedly capped off a dismal year by cancelling workers’ festive bonuses. The US aerospace giant has been feeling the pinch in recent months, as it loses billions of dollars over the ongoing grounding of its best-selling 737 Max jet. [...]

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