A Bell 47 helicopter lands on Mont Blanc, B-26 Invaders make first bombing runs over Korea, a Fairey Gyrodyne sets a new helicopter speed record, Fokker C-2 makes the first nonstop flight from mainland US to Hawaii, and more...
The Boeing Company has agreed to pay $4 million to settle a civil lawsuit alleging that the company unlawfully inflated the price it charged the U.S. Air Force to manufacture a system for the B-1 bomber.
Lockheed Martin on Friday announced that around 1,500 employees across its Aeronautics business area will be let go as part of the company's "affordability" plan.