Australian Prime Minister Malcolm Turnbull said his nation is aiming to break into the Top 10 of global defense exporters and is creating a A$3.8bn ($3.1bn) fund to help boost shipments.

Aircraft manufacturing giant Boeing has unveiled a prototype drone that it says will be used as a base for its future developments of unmanned and autonomous air systems.

Airbus SE publicly questioned the future of its A380 superjumbo jet, saying the program risks being shut down if the manufacturer fails to win a crucial order from the plane's main backer, Emirates of Dubai.

In just over two years, Uber says it will let commuters soar over Los Angeles' snarled traffic in flying taxis.

Europe's air-safety regulator recommended that companies using material from Kobe Steel Ltd. review their supply chains and - if alternative suppliers are available - suspend purchases from the Japanese company that admitted to faking data about product strength.

Chinese suppliers to U.S. flight control systems maker Moog sold it poorly made parts, faked paperwork and outsourced work to a factory not approved by the company, according to an internal report by U.S. aviation regulators

Chicago-based aviation giant Boeing stepped up its investment in autonomous technology last week when it announced plans to buy Aurora Flight Sciences, a Manassas, Va.-based company that develops experimental self-piloting aircraft.