Shareholders of both Lockheed Martin Corp. and General Electric Co. will be well-served by an accord between the two industry giants in which GE will swap $2.8 billion of its preferred stock in Lockheed Martin for cash and various operations Lockheed Martin had been seeking to divest.

Atlas Air Inc. is girding for the strong possibility that new 747-400s it has on order could be delayed 30-60 days because of the Boeing Co.'s production problems.

Wall Street is giving Boeing Co. the benefit of the doubt and buying into the notion that the company's production problems, although severe, are only temporary.

Market observers must be wondering how much longer major U.S. airlines can sustain their remarkable stock-price performance of the last 3-6 months.

No one has ever accused aerospace executive Bernard Schwartz of aiming low in his drive to build rapidly growing, highly profitable companies.

Wall Street likes the new direction in which US Airways Inc. appears to be headed, as well it should.

Wall Street analysts who follow the Boeing Co. seem to have concluded that the production bottlenecks that are proving so troublesome for the commercial airframe manufacturer and many of its vendors will be all but gone by next spring.

If the emerging market for automated explosive detection equipment for airline baggage grows as rapidly as some industry observers think it will in the next 2-3 years, Vivid Technologies Inc.'s stock will be one to watch closely.