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Defense Aerospace & Defense

  • DUBAI, United Arab Emirates— Aircraft leasing company Dubai Aerospace Enterprise has agreed to buy rival AWAS, more than tripling the size of its fleet. DAE said Monday it agreed to buy the Dublin- based company from funds managed by its shareholders, Terra Firma Capital Partners and the Canadian Pension Plan Investment Board. DAE is majority-owned by the Dubai...

  • A Honeywell Aerospace T55 engine at the Seoul International Aerospace & Defense Exhibition in Goyang, South Korea.

    This economic bellwether's shares are climbing Friday on a better-than-expected earnings report.

  • April 21- Rockwell Collins Inc's second-quarter revenue beat analysts' estimates and the aircraft components maker raised its full-year revenue forecast to reflect the impact of its recently closed acquisition of aircraft interiors maker B/E Aerospace. The company closed the B/E Aerospace acquisition last week and said at the time it would try to sell...

  • *Q1 net sales $9.49 bln vs. est. We reiterate our view that the stock should trade well post results, "Morgan Stanley analyst Nigel Coe wrote in a client note. The company raised the low end of its 2017 earnings forecast by 5 cents to $6.90- $7.10 per share, and reaffirmed its 2017 organic sales growth forecast of 1-3 percent.

  • Honeywell also raised the low end of its 2017 earnings forecast by 5 cents to $6.90- $7.10 per share. Net income attributable to Honeywell increased to $1.33 billion, or $1.71 per share, in the first quarter ended March 31, from $1.22 billion, or $1.56 per share, a year earlier. However, revenue fell to $9.49 billion from $9.52 billion.

  • The company raised the low end of its 2017 earnings forecast by 5 cents to $6.90- $7.10. Net income attributable to Honeywell increased to $1.33 billion, or $1.71 per share, in the first quarter ended March 31, from $1.22 billion, or $1.56 per share, a year earlier. However, revenue fell to $9.49 billion from $9.52 billion.

  • Engineers performing tests on an engine at French aerospace group Safran

    Defense and aerospace industry mergers slowed in the first quarter but a report says activity should pick up for the remainder of 2017.

  • CNBC test flies Lockheed Martin’s T-50A trainer jet

    CNBC tries out Lockheed Martin’s T-50A trainer jet ahead of a $16 billion competition to decide who will produce the U.S. Air Force's next-generation trainer planes.

  • Defense contractor showdown between Lockheed and Boeing

    Major defense contractors Lockheed and Boeing are vying for a big $16 billion Air Force contract for a new trainer jet for the military branch. CNBC’s Morgan Brennan reports.

  • Competition fierce for defense contracts

    CNBC's Morgan Brennan takes a look at the big business of defense contractors.

  • With women now serving aboard submarines, defense contractor Electric Boat is designing what will be the first Navy subs built specifically to accommodate female crew members. But they are also making more subtle modifications that may not have been in everyone's periscope when the Navy admitted women into the Silent Service. The first vessel built with...

  • TOKYO, April 18- The Mitsubishi Regional Jet has been delayed five times and faces rising costs, yet its future as the vanguard of Japanese-built passenger jets seems assured by the corporate muscle behind it and a government set on reviving an aerospace industry dismantled after World War Two. The delays- the new 90- seat plane was due to take off in 2013, but the...

  • NEW YORK, April 17- Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing...

  • A worker loads an aluminum coil onto a loading dock at the Arconic Inc. manufacturing facility in Alcoa, Tennessee

    Jorge Beristain, Deutsche Bank, weighs in on the management shakeup at Arconic, and his outlook on the stock.

  • "I'm trying to hire two experienced drone technicians at $20 an hour and I can't find anybody," said James Barnes, who founded the New Jersey Drone Academy. " Northland Community and Technical College in northwestern Minnesota has been teaching unmanned aircraft maintenance for larger military-type drones. "The reality is, the people coming out of the trade...

  • The GBU-43/B, also known as the Massive Ordnance Air Blast, detonates at Eglain Air Force Base in Florida on November 21, 2003. The 21,700-pound bomb was dropped from 20,000 feet to reach its target on one of Eglin's test ranges. Upon detonation, it created a plume that rose more than 10,000 feet over the Florida Panhandle.

    The Pentagon said it used the largest non-nuclear bomb in its arsenal against ISIS, prompting questions about what exactly this weapon is.

  • PARIS, April 13- Iran secured a contract with a third Western aircraft supplier on Thursday since the easing of sanctions by completing a deal to buy 20 regional turboprops from Europe's ATR, part of an effort to modernise the nation's creaking fleet. After months of talks that required navigating a way through separate U.S. sanctions and regulations still in...

  • TEHRAN, Iran— European airplane manufacturer ATR said Thursday it sealed a $536- million sale with Iran Air for at least 20 aircraft, the latest aviation firm to strike a deal following Iran's nuclear accord with world powers. ATR spokesman David Vargas confirmed the finalized deal for the 20 ATR 72-600 s, a twin-propeller aircraft, and said Iran Air had an option...

  • North Korea's next step

    John Park, Asian security analyst at the Harvard Kennedy School, says Kim Jong-un appears to be preparing for a sixth nuclear test in North Korea.

  • AMSTERDAM, April 12- Airbus Chief Executive Tom Enders is in the early stages of considering whether to seek another term as head of Europe's largest aerospace company when his mandate expires in 2019, and says he is not currently thinking about retirement. Louis retired from the company aged 68, which is not my benchmark, but in 2019 I will only be 60, "he said.

Defense Contractors