Safran

David Ellison's Skydance-linked Paramount has completed its merger with Warner Bros. and is moving quickly to reshape the combined studio. Ellison is putting his own leadership stamp on Warner Bros., while Michael De Luca and Pamela Abdy are departing. DC Studios co-chairs James Gunn and Peter Safran will stay on, and Tom Cruise's new film 'Digger' is drawing attention amid the upheaval.

French aerospace group Safran plans to double production of Naval Strike Missile engines at its Texas facility, expanding output of components used in the missile developed by Norway's Kongsberg. The move reflects surging Western demand for strike munitions amid the war in Ukraine and efforts to rebuild defense stockpiles, and is likely to bring new manufacturing jobs to the region.