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STOCKS 0015 GMT — Japanese stocks are lower as fears about the Iran war and rising energy costs have grown. Chip-related stocks are leading declines. Kioxia Holdings is down 5.7%, SoftBank Group is 4.
European energy stocks opened lower on slumping oil prices as President Trump prioritizes diplomacy and says new talks with Iran will begin Monday.
Destinus, MBDA, Safran, Airbus and Thales said they had signed a letter of intent to establish a consortium for the development of the Bliksem EXO system to strike down ballistic missiles, which can travel at hypersonic speeds above the atmosphere.
The planemaker now expects 42,060 industry-wide passenger jet deliveries through 2045, down 1% from its previous rolling forecast
Germany has pulled out of a stalled stealth-fighter project with France and Spain whose lack of progress has become a symbol for the hurdles Europe faces in rebuilding its militaries as the U.S. reduces its presence on the continent. Berlin will no longer pursue building and ordering the aircraft after failing to resolve a spat between Airbus and Dassault over which should take the lead on its development, a senior German government official said. Paris had long taken the view that governments behind the project needed to apply more pressure on the defense firms to cooperate and advance the project.
Boeing is approaching a solemn anniversary: It has been almost one year since the fatal Air India Flight 171. On June 12, 2025, a Boeing 787 crashed shortly after takeoff from Ahmedabad, India, killing 229 passengers, 12 crew, and 19 people on the ground. The crash’s anniversary signals the imminent arrival of the full accident investigation report from India’s Aircraft Accident Investigation Bureau.
Ruling marks rare instance of companies’ being found criminally liable for crash of a jetliner; plane maker set to appeal.
The latest reported delays follow the group’s decision last year to put off the launch of a freighter version of the A350 due to broader supply chain disruption.
Airbus reported a first-quarter operating profit of €300 million. Wall Street was looking for about €345 million.
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