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Defense Aerospace & Defense

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  • FRANKFURT, Germany— Plane maker Airbus Group SE said Friday its net profit rose 5 percent in the second quarter to 732 million euros despite a one-time charge stemming from the crash of one of its military transport planes in Spain. Airbus CEO Tom Enders said the company was on track to achieve its earnings forecast for the year amid healthy demand for commercial...

  • Big names from Silicon Valley team up on drones Thursday, 30 Jul 2015 | 2:47 PM ET
    A drone on display at the NASA UTM drone exhibit in Mountain View, California.

    NASA hosts a gathering of companies to map out an air traffic management system for unmanned aircraft.

  • SAO PAULO, July 30- Brazilian planemaker Embraer SA said on Thursday it will delay development of a military cargo jet and forgo $300 million of revenue this year due to Brazil's weaker currency and defense spending cuts, triggering the biggest drop in its shares in nearly four years. Embraer now plans to deliver its first KC-390 cargo aircraft to the Brazilian...

  • Teledyne beats 2Q profit forecasts Thursday, 30 Jul 2015 | 8:39 AM ET

    THOUSAND OAKS, Calif. _ Teledyne Technologies Inc. on Thursday reported second-quarter net income of $48.3 million. Teledyne expects full-year earnings to be $5.60 to $5.65 per share. Teledyne shares have climbed 2 percent since the beginning of the year.

  • LONDON, July 30- BAE Systems, Europe's biggest defence contractor, is still waiting on securing the new aircraft orders it needs to meet its annual earnings target, it said on Thursday. The company, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers to keep production of the jet...

  • LONDON, July 30- British group Rolls-Royce reported a 32 percent drop in half-year profits on Thursday but the result was slightly better than expected after the engine maker slashed its forecasts three times in the last nine months. That warning turned up the heat for new Chief Executive Warren East, coming days after he took up the role on July 2.

  • California Guard uses drone to search for missing teacher Wednesday, 29 Jul 2015 | 7:39 PM ET

    SAN FRANCISCO— The California National Guard is using a drone to search El Dorado National Forest for a missing San Francisco teacher, marking the first time the Guard has used an unmanned aircraft for a search-and-rescue mission. Kavanaugh was last seen July 17 driving a motorcycle on a trail through El Dorado County, about three hours east of the San Francisco...

  • WASHINGTON, July 29- Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty of the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

  • WASHINGTON, July 29- Boeing Co Chairman Jim McNerney said on Wednesday the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty about the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

  • July 29- General Dynamics Corp, which makes ships, tanks and business jets, reported higher-than-expected quarterly results and sharply raised its full-year profit outlook on Wednesday, sending its shares up as much as 6 percent to a record high. General Dynamics said a rebound in demand for its Gulfstream business jets from S&P 500 companies was particularly...

  • Northrop Grumman rises on 2Q profit and stronger outlook Wednesday, 29 Jul 2015 | 7:21 AM ET

    FALLS CHURCH, Va.— Shares of Northrop Grumman climbed Wednesday after the defense contractor posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop Grumman Corp. reported lower sales from most of its businesses, but the aerospace unit, its largest, had a small increase in revenue and a bigger profit compared...

  • *Solvay to finance deal with rights issue, debt sale. BRUSSELS, July 29- Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming. Solvay said in a statement on Wednesday it would pay $75.25 per share for Cytec, which closed at...

  • WASHINGTON— Free-falling miles above the desert, his test spaceship ripped to pieces and the frigid air hard to breathe, pilot Peter Siebold struggled through crippling injuries to turn on his oxygen and just to stay conscious. Siebold was aware that Virgin Galactic's SpaceShipTwo had violently disintegrated but then blacked out. Virgin Galactic chief...

  • French state-controlled Nexter Systems and privately-held Krauss-Maffei Wegmann GmbH& Co KG of Germany have been in exclusive tie-up talks for more than a year. One apparent sticking point had been the reported preference of German Vice-Chancellor Sigmar Gabriel for an all-German merger of KMW with automotive and defense group Rheinmetall designed to...

  • NTSB: Company should have prepared for human error Tuesday, 28 Jul 2015 | 3:21 AM ET

    In its finding, the board took pains to make clear that Scaled Composites, an aerospace company that has partnered with Virgin Galactic to develop the spacecraft, should have had systems in place to overcome the co-pilot's mistake. The Federal Aviation Administration was also faulted in its role of determining whether Scaled Composites should get permits...

  • Orders for US durable goods jump 3.4 percent in June Monday, 27 Jul 2015 | 8:31 AM ET

    WASHINGTON— Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Orders for durable goods jumped 3.4 percent in June from May, when orders had fallen 2.1 percent, the Commerce Department reported Monday. However, the jump was driven by aircraft orders booked...

  • HARTFORD, Conn.— The Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy, United Technologies Corp. said Friday. The government filed a complaint last October in federal court that Sikorsky and subsidiaries, Derco Aerospace and Sikorsky Support Services...

  • July 24- The U.S. Department of Justice has informed Sikorsky Aircraft that it has started a criminal investigation into allegations the helicopter maker overbilled the U.S. Navy for a contract, Sikorsky's parent company, United Technologies Corp, said on Friday. The Justice Department told Sikorsky of the probe on July 13, and requested that Sikorsky and two...

  • July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

  • 3D printed Cobra, check out this car... Friday, 24 Jul 2015 | 6:43 AM ET
    3D printed Cobra, check out this car...

    Jordan Brandt, Autodesk tech futurist, and Lonnie Love, Ph.D, Oakridge National Labs, discuss the process of what the industry calls "additive manufacturing." We're going big, fast and cheap, says Love.

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. CNBC.com 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.