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Defense Aerospace & Defense

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  • Rest in Peace on the moon for $12,000 Wednesday, 2 Sep 2015 | 1:02 AM ET
    Astrobotic Technology aims to launch their private mission which will deliver the first batch of human ashes to the moon in 2017.

    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,...

  • Average autumn airfares fall 9% from a year ago Tuesday, 1 Sep 2015 | 3:16 PM ET
    Airplane taking off

    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 rocket grounded for 'couple more months' Monday, 31 Aug 2015 | 4:01 PM ET
    The SpaceX Falcon 9 rocket with Dragon lifts off from launch pad 40 at the Cape Canaveral Air Force Station in Cape Canaveral, Florida April 14, 2015.

    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 packs and ships your clothes when abroad Monday, 31 Aug 2015 | 3:08 PM ET
    File photo: Travelers form a long security check line that is extended out of departure lounge at Los Angeles airport.

    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,...

  • Tests show F-35s can share data with older aircraft Friday, 28 Aug 2015 | 12:41 PM ET

    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...

  • North Dakota police can legally use taser drones Friday, 28 Aug 2015 | 11:26 AM ET
    A drone armed with a taser subdues an individual.

    Supporters of North Dakota's police union introduced an amendment to House Bill 1328 that permits less-than-lethal weapons mounted on drones.

  • Boeing finalizes blueprint for 777X aircraft Thursday, 27 Aug 2015 | 9:37 AM ET

    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.

  • Oshkosh wins Army contract to replacement Humvees Tuesday, 25 Aug 2015 | 8:06 PM ET
    Oshkosh entrant in JLTV bid war

    Oshkosh beat out a team made up of Lockheed Martin and Britain's BAE Systems, as well as a privately held company that built the original Humvees.

  • 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...

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.