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Defense Aerospace & Defense

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  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced on Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • OSHKOSH, Wis.— Wisconsin- based Oshkosh Corp. won a major contract Tuesday to build a new combat vehicle to replace a large share of the U.S. military's Humvee troop carriers. The Army and Marine Corps plan to buy as many as 55,000 JLTVs by 2040. Nearly 49,100 would be built for the Army with 5,500 going to the Marines. Pentagon officials declined during a briefing for...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a multibillion-dollar competition to build a new light tactical vehicle for the U.S. Army and Marine Corps to replace their aging fleet of Humvees, sources familiar with the decision said Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM...

  • Industry executives and defense officials said they expected the Army to announce an initial contract valued at up to $9 billion late on Tuesday for 17,000 of 55,000 vehicles to be built for the Army and Marine Corps in coming years,. The Pentagon's Defense Acquisition Board, led by chief arms buyer Frank Kendall, met on Tuesday to review the acquisition...

  • ZHUKOVSKY, Russia, Aug 25- Russian civil aviation companies face a disappointing week at the country's largest air show that opened on Tuesday as economic crisis and Western sanctions take a heavy toll on order books and scare away many foreign firms. According to Russian media, Russia and Iran will sign a $1 billion deal during the three-day show for S-300...

  • KLX tops 2Q profit forecasts Tuesday, 25 Aug 2015 | 10:18 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Tuesday reported fiscal second-quarter profit of $7.4 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Four analysts surveyed by Zacks expected $424.9 million.

  • Boeing prepares for layoffs Tuesday, 25 Aug 2015 | 6:00 AM ET
    Boeing prepares for layoffs

    Boeing workers brace for layoffs in the satellite business.

  • WASHINGTON, Aug 24- U.S. Air Force Secretary Deborah James on Monday said a contract for a new long-range bomber would be awarded soon, and the project would not be considered a "new start" program that could be halted if Congress fails to pass a budget for fiscal 2016.. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team made up of Boeing Co and...

  • Airbus eyes suit against Japan over $2B 'copter deal Monday, 24 Aug 2015 | 8:46 PM ET

    Airbus may take legal action against Japanese government after losing a multibillion-dollar helicopter deal, the FT reports.

  • Aug 21- Boeing Co remains on track to meet production targets it has set for its 737 MAX jetliner, a company spokesman said on Friday following a report on industry concerns that slow output at supplier GKN PLC could cause delays. The Chicago- based aircraft maker expects to roll out the first 737 MAX before the end of 2015, fly it in early 2016 and deliver it to...

  • As part of the three-day visit, senior U.S. and Indian naval officers visited the shipyard in Newport News, Virginia, where Huntington Ingalls Industries Inc is building the USS Gerald R. Ford, the first in a new class of aircraft carriers, according to Navy spokeswoman Colleen O'Rourke and Huntington Ingalls spokeswoman Beci Brenton. The group also met with...

  • Man jailed for thwarting drone on the beach Thursday, 20 Aug 2015 | 2:07 PM ET
    An octocopter photographic drone, equipped with a video camera, hovers over a beach.

    He spent a night in jail for damaging a drone he felt was "violating" beach goers.

  • This ‘space elevator’ could launch you into orbit Wednesday, 19 Aug 2015 | 2:40 AM ET

    A Canadian company has clinched a patent for a 12.4 mile-high "space elevator" that could launch astronauts and tourists into orbit.

  • Low Earth satellites war Tuesday, 18 Aug 2015 | 1:17 PM ET
    Low Earth satellites war

    CNBC's Jane Wells reports on the battle for low Earth orbit satellites which will provide fast Internet access, between Richard Branson and Elon Musk.

  • The force is strong with this Japanese airline Tuesday, 18 Aug 2015 | 12:39 PM ET
    Star Wars theme ANA airlines

    Japan's largest carrier announced 2 more Star Wars-themed planes. USA Today reports.

  • This drink bought an ad on the surface of the moon Tuesday, 18 Aug 2015 | 10:17 AM ET
    A Japanese drink company plans to put a can of Polcari Sweat on the moon.

    A Japanese sports drink will be the first product advertised on the surface of the moon. GlobalPost reports.

  • JOINT BASE LANGLEY-EUSTIS, Va.— Faced with escalating aggression from Russia and China, the Pentagon is planning to increase its use of drones by about 50 percent over the next several years, using the Army and civilian contractors to put more of the unmanned aircraft in the air. The decision to add Army and civilian-operated missions to the mix was triggered...

  • Indian airline makes huge order for 250 Airbus jets Monday, 17 Aug 2015 | 3:22 AM ET

    IndiGo, India's largest domestic airline, had signed a preliminary order last year and firmed it up Monday, Airbus said in a statement. Several Asian low-cost carriers are building up fleets amid growing demand, and both Airbus and rival Boeing Co. have been wooing Indian airline companies. The company has already taken delivery of around 100 Airbus aircraft...

  • Missing Indonesian plane found crashed: Official Sunday, 16 Aug 2015 | 9:53 AM ET
    Trigana Air flight TGN 267, which used an ATR 42-300 turboprop, went missing in the Papua region Sunday. This picture, dated September 1994, shows a French ATR-42-500, a similar model, landing at Toulouse-Blagnac airport. The aircraft pictured is not flight TGN 267.

    An Indonesian domestic passenger aircraft carrying 54 people lost contact with air traffic control, and was found crashed, officials say.

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.