WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...» Read More
A unit of China's HNA Group has bought Dublin-based aircraft leasing company Avolon in a deal near $2.5 billion, the Financial Times reports.
BELLEVUE, Wash. _ Esterline Technologies Corp. on Thursday reported fiscal third-quarter earnings of $28.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. Esterline Technologies shares have fallen 25 percent since the beginning of the year.
China held a military parade that was nothing less than extravagant, in commemoration of the 70th anniversary of the end of World War 2.
Jonathan Fenby, director of China Research at Trusted Sources, says the parade of military firepower in China on Thursday is "mainly for domestic consumption."
China is seeking to reassert itself in the region with the giant show of military strength in Tiananmen Square on Thursday. CNBC's Eunice Yoon has more.
China is forecast to double its annual defense budget by the end of the decade, according to a study published on Wednesday.
Celestial funeral firm Elysium Space is now offering a “Lunar Memorial,” in which your cremated remains are privately dispatched to the moon.
CAPE CANAVERAL, Fla. Sept 1- Jeff Bezos' space transportation company, Blue Origin, won another round of incentives on Tuesday to build and fly rockets near NASA's Kennedy Space Center in Florida. Commissioners in Brevard County, home of the space center, approved by a 4 to 1 vote adding an $8 million grant for the project, bringing the total value of state, regional and...
CAPE CANAVERAL, Florida, Sept 1- Jeff Bezos' space transportation company, Blue Origin, won another round of incentives on Tuesday to build and fly rockets near NASA's Kennedy Space Center in Florida. Commissioners in Brevard County, home of the space center, approved by a 4 to 1 vote adding an $8 million grant for the project, bringing the total value of state,...
You'll find some great deals on airfares this fall, according to airfare prediction app, Hopper.com.
WASHINGTON, Sept 1- Huntington Ingalls Industries Inc, which builds aircraft carriers and U.S. Navy warships, on Tuesday said it was keen to bid to build new icebreakers for the U.S. Coast Guard, after President Barack Obama pushed for quicker work on the program. Huntington Ingalls spokesman Bill Glenn said his company had responded to a request for information...
Sept 1- ValueAct Capital Management LP, the $18 billion activist hedge fund, recorded a 1.6 percent gain in the second quarter of 2015, a "difficult year" for its strategy due to falling oil prices and China's slowdown, according to a letter to its investors. "We took action to position the portfolio for the long term this quarter by selling shares in our high return...
"We're taking more time than we originally envisioned, but I don't think any one of our customers wants us to race to the cliff and fail again," SpaceX President Gwynne Shotwell said at a webcast panel discussion at the AIAA Space 2015 conference in Pasadena, California. The accident, along with the failed Oct. 28 launch of an Orbital ATK Antares rocket, has left NASA...
SpaceX said it plans to keep its Falcon 9 rocket grounded longer than planned following a launch accident involving the unmanned booster in June.
Start-up DUFL stores items from your closet and ships them where you travel, so you never have to pack again.
"The power of this app is the more people we get using it, the better it's going to be," Preiss told the Dayton Daily News. Pilots spotted more than 650 unmanned aircraft as of Aug. 9; there were fewer than 250 sightings all of last year, the FAA reported. The FAA generally restricts drone flights to beneath 400 feet and at least 5 miles from an airport.
NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...
WASHINGTON, Aug 28- Two weeks of joint testing of the Lockheed Martin Corp F-35 fighter jet at a California air base by the Royal Netherlands Air Force showed that the new stealthy jets are able to share a significant amount of data with older warplanes, the pilot in charge of Dutch F-35 testing told Reuters. Colonel Albert De Smit, commander of the Netherlands...
Supporters of North Dakota's police union introduced an amendment to House Bill 1328 that permits less-than-lethal weapons mounted on drones.
Aug 27- Boeing Co said it finalized the blueprint for the development of 777-9, the first member of the 777 X aircraft family to be developed. Boeing said on Thursday it had completed the firm configuration milestone for the aircraft, marking the completion of configuration trade studies required to finalize its capability and basic design.
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.
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.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.