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Rouhani warns of 'war situation' as sanctions resume

Iran greeted the reimposition of U.S. sanctions on Monday with air defense drills and an acknowledgement from President Hassan Rouhani the nation faces a "war situation," raising Mideast tensions as America's maximalist approach to the Islamic Republic takes hold. The sanctions end all...

Russian-made fighter jet crashes in Egypt

A Russian-made MiG-29 fighter jet of the Egyptian Air Forces crashed in Egypt during a training flight on Saturday, according to Russia’s state-controlled aircraft company. The Russian United Aircraft Corporation (UAC) said in a statement that a technical glitch and piloting error are among...

Iran inaugurates production line of indigenous fighter jet

State TV says Iran has inaugurated the production line of its domestically produced fighter jet a day after President Donald Trump’s administration announced the reimposition of remaining U.S. sanctions on Tehran to ramp up economic pressure on the Islamic Republic. Defense Minister...

Airbus says Q3 net profit more than triples to 957 mn euros

European aerospace giant Airbus reported Wednesday a third quarter net profit of 957 million euros ($1.1 billion), more than triple the 2017 performance. The company, which rivals Boeing of the US, said it was maintaining its forecast for deliveries of 800 commercial aircraft this year...