Core Viewpoint - The company is facing a production slowdown of its best-selling jet due to a shortage, marking another setback in its ongoing struggle with supply-chain issues [1] Group 1 - The production of the best-selling jet has been slowed down [1] - The company is experiencing significant challenges related to supply-chain disruptions [1]

Group 1: Rio Tinto - Rio Tinto reported a full-year underlying EBITDA of $25.36 billion, exceeding analyst estimates of $24.72 billion, driven by strong copper and aluminum production [2][9] - The company's underlying profit reached $10.87 billion, slightly above the expected $10.81 billion, while net income of $10 billion fell short of the forecast of $10.7 billion [2][9] - Rio Tinto maintained its output and sales guidance, indicating stability in its core iron ore and copper operations, and expects exploration and evaluation expenses to reach approximately $0.8 billion in 2026 [3] Group 2: Airbus - Airbus reported mixed Q4 2025 results, with revenue of €25.98 billion missing the estimate of €26.32 billion, although adjusted EBIT for the quarter was €2.98 billion, surpassing the €2.85 billion estimate [4][9] - The company expects to deliver approximately 870 planes in 2026, below the analyst consensus of 896, primarily due to ongoing engine delivery issues [5][9] - Airbus lowered its 2026 adjusted EBIT forecast to €7.5 billion and free cash flow target to €4.5 billion, both significantly below previous market projections [5] Group 3: JPMorgan Chase - JPMorgan Chase is reportedly in discussions to provide banking services for President Trump's newly established "Board of Peace," which aims to support a $5 billion reconstruction fund for Gaza [6][9] Group 4: Capstone Copper - Capstone Copper faced a setback as CIBC analysts downgraded the stock's rating to Neutral and reduced its price target to C$16 from C$20, citing concerns over deferred production targets and rising inflationary costs [7][9]

Core Viewpoint - Apollo Global Management's CEO Marc Rowan denies any business or personal relationship with Jeffrey Epstein, amidst ongoing scrutiny related to Epstein's past activities and correspondence with Apollo executives [1]. Company Statements - Apollo stated that neither Marc Rowan nor any other employee, except for Leon Black, had a relationship with Epstein [1]. - The company emphasized that the recent documents do not accuse Apollo or its executives of engaging in or being aware of Epstein's illicit activities [1]. - Apollo's response was prompted by teachers' unions requesting an SEC investigation into what they believe are misleading statements made by Apollo to its investors [1]. Historical Context - Leon Black, a co-founder of Apollo, left the company in early 2021 following a review of his ties to Epstein, which cleared him of wrongdoing [1]. - The review indicated that while Black attempted to introduce Epstein to his co-founders, no one else at Apollo seriously considered hiring Epstein [1]. Recent Developments - New documents reveal correspondence between Rowan's office and Epstein's office regarding at least five scheduled meetings, although it remains unverified if these meetings occurred [1]. - Apollo clarified that in certain instances, Rowan and other employees provided information to Epstein related to tax work for Black [1]. - Apollo stated that Epstein's attempts to work with the co-founders were declined consistently [1]. Broader Implications - The release of Epstein-related documents has led to increased scrutiny of Apollo's top officials, particularly in light of Epstein's past convictions and the ongoing fallout from his death [1]. - The American Federation of Teachers and the American Association of University Professors have expressed concerns regarding the implications of these documents for Apollo's leadership [1].

Core Viewpoint - Boeing's stock remains stable as investors assess the implications of the FTC's consent order regarding its acquisition of Spirit AeroSystems and Air Astana's recent order for 15 Boeing 787-9 Dreamliners [1] Group 1: FTC Consent Order - The Federal Trade Commission (FTC) has finalized conditions for Boeing's acquisition of Spirit AeroSystems, addressing antitrust concerns [1][2] - The order requires Boeing to divest certain Spirit operations while ensuring support services for competing aerospace manufacturers [3] - The FTC's ruling aims to prevent restrictions on Airbus's access to critical aerostructure components and to maintain fair pricing and innovation in the aviation supply chain [4] Group 2: Air Astana Order - Air Astana has finalized an order for up to 15 Boeing 787-9 Dreamliners, marking its largest single aircraft purchase to modernize its fleet [5] - This order, initially disclosed as a commitment in November 2025, will increase Air Astana's Dreamliner fleet to as many as 18 aircraft to support long-haul growth [5] Group 3: Stock Performance - Boeing shares were down 0.71% at $242.31, nearing a 52-week high of $254.34 [6]

Core Insights - Carillon Tower Advisers reported that small-cap stocks showed marginal gains in Q4 2025, with the Russell 2000 Growth Index returning 13.01% and the Russell 2000 Value Index gaining 12.58% [1] - The firm anticipates a favorable year for equity markets in 2026, highlighting potential opportunities in sectors such as Cyclicals, Healthcare, Information Technology, Financials, and Consumer spending [1] Company Overview: Woodward, Inc. (NASDAQ:WWD) - Woodward, Inc. is a leading manufacturer of control solutions for aerospace and industrial markets, with a market capitalization of $23.226 billion [2] - The stock closed at $387.12 per share on February 17, 2026, with a one-month return of 15.41% and a 102.08% increase over the past twelve months [2] - Woodward's strong performance in 2025 was driven by its aerospace aftermarket vertical, with expectations for increased production rates from large airframe OEMs in 2026 [3] Investment Sentiment - Woodward, Inc. was held by 52 hedge fund portfolios at the end of Q3 2025, a slight decrease from 54 in the previous quarter [4] - While Woodward is recognized for its potential, the company is not among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer greater upside potential [4]

Group 1 - UBS raised its price target on Howmet Aerospace Inc. to $260 from $228 while maintaining a Neutral rating [1] - Howmet has achieved record EBITDA margins and incremental gains due to pricing strength, increased content per aircraft, and volume growth, despite higher headcount and operational complexity [1] - Aerospace growth is expected to accelerate by 2026, driven by Boeing's 737 MAX production recovery and increased widebody output, with robust spare parts demand and emerging gas turbine power demand contributing to revenue growth [2] Group 2 - UBS acknowledged underestimating the valuation multiple investors assign to Howmet and sees upside to consensus estimates, but believes much of the upside is already priced in at 36 times projected 2026 EBITDA [3] - Achieving parity with GE Aerospace's valuation would require approximately a 40% EBITDA margin, indicating significantly higher earnings than current consensus forecasts [3] - UBS maintained its Neutral stance on Howmet Aerospace due to the high valuation multiple [3]

Group 1 - The U.S. Federal Trade Commission has finalized a consent order regarding Boeing's acquisition of Spirit AeroSystems [1] - This decision marks a significant regulatory step in the aerospace industry, impacting Boeing's strategic positioning [1] Group 2 - The acquisition is part of Boeing's broader strategy to enhance its supply chain and production capabilities [1] - The finalized consent order may include specific conditions or requirements that Boeing must adhere to post-acquisition [1]

Core Insights - Joby Aviation's stock has declined approximately 25% since the beginning of the year, trading near $9.88 as of mid-February, causing concern among retail investors [2][3] - A significant announcement on February 17 indicates Joby is transitioning from a research startup to a serious industrial manufacturer, with plans to double its manufacturing capacity and target a production rate of four aircraft per month by 2027 [3][4] Manufacturing Capacity and Strategy - Joby aims to achieve its production goals by deploying nearly 200 engineers from Toyota to oversee the expansion, indicating a shift in focus from flight capability to manufacturing efficiency [5][6] - The partnership with Toyota, which has invested nearly $900 million, is evolving from a financial lifeline to active management, with Toyota engineers implementing the Toyota Production System (TPS) at Joby's facilities [6][7] Operational Developments - The deployment of Toyota engineers to Joby's pilot production line in California and future facility in Ohio represents a significant transfer of intellectual property aimed at improving manufacturing efficiency [7][8] - Joby has secured capital to fund operations through the certification phase and support the expansion of its production capabilities, marking a clear path toward commercial passenger flights in the near future [8]

BAYSHORE, N.Y. & RIDGELAND, Miss.--(BUSINESS WIRE)--Tenax Aerospace Acquisition, LLC ("Tenax†) and Air Industries Group ("Air†) (NYSE American: AIRI) jointly announced today that they have entered into an Agreement and Plan of Merger ("Merger Agreement†) to combine Tenax's special mission aviation business with Air's precision aerospace manufacturing business. The merging of the companies will create a larger and more diversified company well-positioned to serve the needs of their government an. ...

Core Insights - United Airlines has selected 300 GEnx engines from GE Aerospace to power its new Boeing 787 Dreamliners, making it the largest GEnx operator globally [1] - The agreement includes additional spare engines, increasing United Airlines' GEnx-powered 787 fleet to over 200 aircraft [1] - The GEnx engine family is noted for its advanced materials and technologies, providing greater durability and a 99.98% dispatch rate, indicating high reliability [1] Company Relationships - GE Aerospace has maintained a long-standing relationship with United Airlines since 1968, with United operating a diverse fleet of GE Aerospace and CFM powered aircraft [1] - The GEnx engine has accumulated over 70 million flight hours and powers two-thirds of all 787 aircraft in operation, as well as exclusively powering the 747-8 aircraft [1] Future Deliveries - This latest order increases GE Aerospace's firm GEnx future deliveries to nearly 1,800 engines, including spares [1]