Aerospace and defense industry

• AI defense booms in UK and Germany as new wave of billion-dollar startups emerge - The UK and Germany have become key hubs for defense startups in Europe and the U.S.
• Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
• Trump administration waives $11 million fine for Southwest Airlines' 2022 holiday meltdown - The Trump administration said it will forgive the last $11 million of a fine against Southwest Airlines that stems from the carrier's 2022 holiday meltdown.
• Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.