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Defense Aerospace & Defense

  • President Donald Trump discusses the federal budget in the Roosevelt Room of the White House on February 22, 2017 in Washington, DC.

    President Trump intends to sharply increase U.S. defense spending for the coming fiscal year, the New York Times reported late on Sunday.

  • Missile destroyer Guangzhou launches an air-defense missile during a military exercise near south China's Hainan Island and Xisha islands, July 8, 2016.

    China ratchets up criticism on US missile plan for Korean Peninsula as it accelerates own missile development program.

  • PARIS, Feb 23- France's Safran has rejected criticism by a UK hedge fund over the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and says it stands by its plans to acquire the seats manufacturer. Stepping up a war of words over its agreed offer to create the world's third largest aerospace supplier, the French...

  • PARIS, Feb 23- France's Safran rejected criticism by a UK hedge fund concerning the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and said it stood by its plans to acquire the seats manufacturer. Stepping up a war of words over its agreed offer to create the world's third largest aerospace supplier, the French...

  • NEW YORK, Feb 23- L3 Technologies Inc said on Thursday it reached a $34.5 million settlement of a lawsuit by shareholders who accused the defense contractor of accounting fraud in its aerospace systems business. Shareholders led by two Michigan pension plans accused L3 of hiding improprieties, including those raised by an internal management-level...

  • LONDON, Feb 23- BAE Systems, the world's third-largest defense contractor, said its earnings would rise 5 to 10 percent this year, boosted by an increase in U.S. military spending and a ramp-up in programs such as the F-35 combat aircraft. The company, which is building Britain's Dreadnaught-class submarine, also met expectations with a 7 percent rise in 2016...

  • LONDON, Feb 23- BAE Systems, the world's third-largest defence contractor, said its earnings would rise 5 to 10 percent this year, boosted by an increase in U.S. military spending and a ramp-up in programmes such as the F-35 combat aircraft. The company, which is building Britain's Dreadnaught-class submarine, also met expectations with a 7 percent rise in 2016...

  • An Airbus A400M military aircraft with army personnel onboard takes off from the German army Bundeswehr airbase in Jagel, northern Germany.

    Airbus has been forced to write-off billions of dollars as it struggles to get its beleaguered A400M military plane back on track.

  • PARIS, Feb 21- The head of aircraft leasing group AerCap on Tuesday expressed confidence in airline demand despite a slowdown in the aerospace business cycle, but questioned the durability of plans by Airbus and Boeing for some output increases. Speaking after reporting stronger than expected fourth quarter earnings, chief executive Aengus Kelly said he...

  • *Sales peak looks over for planemakers. PARIS, Feb 21- Airbus will draw a line under two decades of M&A dealmaking and frenetic orders on Wednesday as it reports its first results since the European aerospace and defence group unified under its dominant planemaking arm last month. Mounting legal problems, uncertainty over two major programmes and a changing of...

  • This undated picture released by North Korean news agency, KCNA (Korean Central News Agency) on February 2, 2017 shows North Korean leader Kim Jong-Un visiting newly built Pyongyang Orphans' Primary School.

    North Korea will probably be “the single most defining geopolitical challenge” for the Trump administration, a former NSC Asia director said.

  • Israel Prime Minister Benjamin Netanyahu speaking at the Maghain Aboth Synagogue in Singapore on February 20, 2017.

    In the first visit to Singapore by an Israeli head of state in 30 years, Netanyahu Monday called for greater diversity and tolerance.

  • Saudi Arabia's total defense budget is forecast at $82 billion in 2016, steadily rising to $87 billion in 2020 while that of UAE is put at $15.1 billion in 2016 reaching $17.0 billion in 2020, according to Teal Group, a U.S-based defense analysis firm which has also forecast increased spending by Kuwait, Qatar, Oman and Bahrain. "Defense spending is linked to...

  • Saudi Arabia's total defence budget is forecast at $82 billion in 2016, steadily rising to $87 billion in 2020 while that of UAE is put at $15.1 billion in 2016 reaching $17.0 billion in 2020, according to Teal Group, a U.S-based defence analysis firm which has also forecast increased spending by Kuwait, Qatar, Oman and Bahrain. "Defence spending is linked to...

  • Feb 17- Canadian satellite company MacDonald Dettwiler and Associates Ltd is in talks to buy U.S.-based DigitalGlobe Inc for about $2 billion to $3 billion, Dow Jones reported, citing sources. DigitalGlobe's services are used by companies such Facebook Inc, Uber Technologies Inc and U.S. defense contractor Harris Corp.. MacDonald Dettwiler's shares were...

  • Key themes from Trump's Boeing visit

    CNBC's Phil LeBeau recaps President Trump's remarks at Boeing's South Carolina facility. CNBC's Ylan Mui weighs in.

  • Space Exploration Technologies Corp is preparing for liftoff at 10:01 a.m. EST on Saturday from Launch Complex 39 A at NASAs Kennedy Space Center, which was the starting point for 82 space shuttle missions. NASA leased the pad to SpaceX, as Musk's company is known, in 2014.. For its Kennedy Space Center debut, SpaceX will launch a Dragon cargo ship to the...

  • Trump: God Bless Boeing

    CNBC's Phil LeBeau recaps President Trump's remarks at Boeing's South Carolina facility. CNBC contributor Jared Bernstein and Ron Christie, former Special Assistant to President G. W. Bush, Christie Strategies founder, weigh in.

  • Trump: I don't want companies leaving US

    President Trump delivers remarks at Boeing’s South Carolina plant, discussing efforts to keep jobs and manufacturing within the U.S.

  • Trump: We will give military what it needs to do its job

    President Trump delivers remarks at Boeing’s South Carolina plant, discussing his military revamp efforts.

Defense Contractors