(Reuters) -Spirit AeroSystems reported a $577 million fourth-quarter operating loss on Friday, swinging from $215 million in operating income a year earlier, which was helped by a funding agreement with key customer Boeing (NYSE:BA).The major supplier to the U.S. planemaker reported $2.1 billion in net losses for 2024, and it "will need to obtain additional funding to sustain operations, as we exp ...
By Brad Brooks(Reuters) - The supervisory board of the Virginia Military Institute on Friday said it would not renew the contract of the first Black superintendent of the oldest state-supported military college in the U.S.The 16-member board, which is appointed by the governor, said in a written statement that Major General Cedric Wins, who won the position in April 2021, would serve through the e ...
(Reuters) -MNTN, a connected TV advertising platform that has Ryan Reynolds as its chief creative officer, filed for an initial public offering in the United States on Friday.The company enables brands to advertise on connected TVs — devices with access to the internet that can stream online videos. It was backed by BlackRock (NYSE:BLK) and Fidelity Management and Research in a 2022 funding roun ...
By Mike StoneWASHINGTON (Reuters) - The U.S. State Department has approved the potential sale of nearly $3 billion worth of bombs, demolition kits and other weaponry to Israel, the Pentagon said in statements on Friday.The prospective weapons sales were notified to Congress on Friday afternoon on an emergency basis.That process sidesteps a long-standing practice of giving the chairs and ranking me ...