Defense Aerospace & Defense


  • SEATTLE, Feb 10- Boeing Co said on Wednesday it will cut jobs at its commercial airplane unit, a move that comes as the company is under intense pressure to lower costs to compete with rival Airbus. The decision was announced by Boeing Commercial Airplanes Chief Executive Ray Conner in an employee webcast after the company, the world's biggest aircraft maker, saw...

  • Boeing to cut commercial airplane jobs to reduce costs Wednesday, 10 Feb 2016 | 4:30 PM ET

    SEATTLE, Feb 10- Boeing Co said on Wednesday it will cut jobs at its commercial airplane unit as part of an ongoing effort to reduce costs. The company, the world's biggest aircraft maker, said it would begin making cuts with managers and executives in the unit, which is the biggest part of the company's operations. The extent of job reductions was not clear.


  • CAPE CANAVERAL, Fla., Feb 8- Space Exploration Technologies, or SpaceX, will attempt its second launch of the year this month, as it ramps up production of its Falcon 9 rockets to handle more than $8 billion of business for NASA and commercial companies, officials said. But the Hawthorne, California- based company, owned and operated by technology entrepreneur Elon...

  • MARICOPA, Ariz.— A former president of a major aircraft manufacturer was one of the two people killed after their World War II-era plane crashed and burned near the town of Maricopa. Pilot Jeffrey Pino, 61, was formerly the president of Sikorsky Aircraft, a Connecticut- based aircraft manufacturer. The second victim was identified as 72- year-old Nickolas...

  • The change in the Pentagon's plan for the $391 billion weapons program defers orders for 45 Air Force jets, compared with last year's plan, while accelerating orders for the Navy and Marine Corps models of the aircraft, the sources said. It calls for the Navy and Marine Corps to buy 64 F-35C jets, which can take off and land on aircraft carriers, over the next five...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels.

  • Researchers who want to get a handle on the growth of New England' s gray seal population have been using drones as part of an effort to photograph the animals, which gather in huge numbers on remote islands. The National Oceanic and Atmospheric Administration used a pair of unmanned aircraft on Muskeget Island off of Massachusetts to take pictures of seal pups...

  • PARIS, Feb 5- Airbus is renegotiating delivery schedules for its revamped A320neo jet and has told some airlines the aircraft will be delayed by about two months, industry sources said. So far, Airbus has delivered one aircraft to Germany's Lufthansa. The launch customer was originally supposed to be Qatar Airways but it rejected the aircraft due to a longer than...

  • Whatever lifts off from North Korea's western coast space center this month, one thing is certain— since rockets and missiles inevitably have overlapping technologies, it will run afoul of U.N. resolutions that have been in place for years to bar North Korea from testing any technology that could be used to develop long-range ballistic missiles.

  • Esterline Technologies misses Street 1Q forecasts Thursday, 4 Feb 2016 | 4:27 PM ET

    BELLEVUE, Wash. _ Esterline Technologies Corp. on Thursday reported fiscal first-quarter net income of $5.1 million, after reporting a loss in the same period a year earlier. Esterline Technologies expects full-year earnings in the range of $4.40 to $4.80 per share, with revenue in the range of $1.93 billion to $1.98 billion. Esterline Technologies shares...

  • Teledyne tops Street 4Q forecasts Thursday, 4 Feb 2016 | 7:07 AM ET

    THOUSAND OAKS, Calif. _ Teledyne Technologies Inc. on Thursday reported fourth-quarter profit of $55.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share. Teledyne expects full-year earnings to be $5.05 to $5.15 per share.

  • WARSAW, Feb 4- Poland has decided to scrap the $3 billion deal for 50 Airbus utility helicopters and will buy only a few aircraft from the European company, the daily Rzeczpospolita reported on Thursday citing defence sources. The move, coming months before a NATO summit in Warsaw where Poland is expected to seek more allied presence on its territory, could strain...

  • Second batch of U.S. F-16 jets arrives in Iraq Wednesday, 3 Feb 2016 | 11:20 AM ET

    WASHINGTON, Feb 3- Iraq has received a second batch of F-16 fighter jets from the United States, a U.S. military spokesman said on Wednesday. Iraq ordered 36 of the $65 million Lockheed Martin Corp planes, but initial deliveries were delayed because of security concerns after Islamic State militants overran large areas of the country last year.

  • NEW DELHI, Feb 3- U.S. aircraft maker Boeing Co is in a "conversation" on manufacturing its F/A-18 Super Hornet fighter jet in India, Chief Executive Officer Dennis Muilenburg was quoted on Wednesday as saying on his first visit to the country. Prime Minister Narendra Modi's' Make in India' drive is designed to expand India's industrial base. India is locked in talks...

  • The Trade: Election may boost these stocks Tuesday, 2 Feb 2016 | 5:00 AM ET
    Stock Exchange building with George Washington

    CNBC Pro screened for which stocks and securities are top performers during presidential election years.

  • Iran signs deal to buy 20 more airplanes Tuesday, 2 Feb 2016 | 4:36 AM ET

    TEHRAN, Iran— Iran's national carrier has signed an agreement to buy 20 new passenger airplanes with an option for 20 more from French-Italian aircraft manufacturer ATR, Iranian media reported Tuesday. The purchase comes a week after Iran Air signed a deal to buy 118 planes from the European consortium Airbus, signaling a major effort to develop the civilian...

  • Boeing 737 MAX first flight Friday, 29 Jan 2016 | 9:01 PM ET
    Boeing 737 MAX first flight

    CNBC's Phil LeBeau reports on the first flight of the new version of the Boeing 737 MAX.

  • WASHINGTON, Jan 29- Boeing Co said on Friday it would test additional improvements to its ground-based U.S. missile defense system later this year during a first test of the system's ability to intercept an intercontinental ballistic missile, or ICBM. Missile Defense Agency Director James Syring told the Center for International and Strategic Studies last...

  • Cramer's Mad Dash: Eye on Honeywell Friday, 29 Jan 2016 | 9:24 AM ET
    Cramer's Mad Dash: Eye on Honeywell

    Jim Cramer explains what to watch ahead of the open including Honeywell's stock as the company reports good growth in its aerospace division.

Defense Contractors

  • Troublesome Liaisons of the Business World

    The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. presents a list of people who went outside of their marriages for intimate relationships.

  • Petraeus Scandal Widens

    A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.

  • Is the Defense Sector the New 'Girls Club?'

    CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.