Numerous airlines on Tuesday morning were forced to cancel hundreds of flights to and from Scotland and several other regions as the latest volcanic ash crisis continued to intensify.
Israel will purchase 20 fifth-generation F-35 stealth jets from the U.S. for almost $2.75 billion, receiving the first jet some time between 2015 and 2017, at $96 million per plane.
Virgin Galactic's SpaceShipTwo rocket plane made its first un-powered flight over the California desert early Sunday, an important milestone before powered testing of the commercial tourist spacecraft begins next year.
Betting on an airline industry recovery by the end of the year and a return to profitability in 2011, Chicago-based Boeing announced today that it will increase production rates on its popular 777 and 747 jumbo jet lines.