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Aerospace & Defense

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  • 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.

  • Barnes Group tops 2Q profit forecasts Friday, 24 Jul 2015 | 6:42 AM ET

    BRISTOL, Conn. _ Barnes Group Inc. on Friday reported second-quarter earnings of $34.2 million. Barnes Group expects full-year earnings in the range of $2.45 to $2.55 per share. Barnes Group shares have increased slightly more than 5 percent since the beginning of the year.

  • Japan PM uses offbeat PR blitz to rescue ratings Thursday, 23 Jul 2015 | 8:59 PM ET
    Japan's Prime Minister Shinzo Abe

    Japan's PM Abe is using anime, Internet chats and an unusual show-and-tell TV appearance to persuade wary voters that his bolder defense policy makes sense.

  • WASHINGTON, July 23- Lockheed Martin Corp has won $1.56 billion in new foreign orders for PAC-3 missiles used in the Patriot missile defense system built by Raytheon Co, the U.S. Defense Department said on Thursday. The Pentagon's Defense Security Cooperation Agency announced the possible sale of up to $1.75 billion in PAC-3 missiles and associated equipment...

  • FRANKFURT, July 23- German defence group Rheinmetall and French peer Thales are among several groups interested in a defence electronics business that plane maker Airbus is selling in an effort to streamline its operations, sources familiar with the transaction said. The two companies as well as U.S.-based Raytheon and a number of private equity groups...

  • Private jet market still going strong: VistaJet Wednesday, 22 Jul 2015 | 8:38 PM ET
    Private jet market still going strong: VistaJet

    Thomas Flohr, founder & chairman of VistaJet, says economic globalization is underpinning the private jet market, adding that he hasn't seen a fall in prices.

  • VistaJet offers domestic flights in China Wednesday, 22 Jul 2015 | 8:32 PM ET
    VistaJet offers domestic flights in China

    Thomas Flohr, founder & chairman of VistaJet, discusses the high-end private aviation operator's plans to offer point-to-point jet service in China by the next quarter.

  • When will Boeing's 787 program generate cash? Wednesday, 22 Jul 2015 | 7:47 PM ET
    When will Boeing's 787 program generate cash?

    Ken Herbert, managing director at Canaccord Genuity, expects Boeing's 787 program to be cash flow positive in 2015. He maintains a buy rating on the stock, with a price target of $165.

  • NEW YORK, July 22- Boeing Co said on Wednesday it is pressing ahead with building aerial refueling tankers while conducting flight tests, raising concerns about costs that may arise as Boeing races to deliver the planes on a tight deadline. Final go-ahead from the U.S. Air Force may not happen until April, leaving just 16 months before it must deliver the first 18...

  • Boeing and Tupperware are big market movers Wednesday, 22 Jul 2015 | 4:22 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. The Boeing Co., up $1.47 to $146.47. Tupperware Brands Corp., down $5.37 to $59.01.

  • Drone users told to fly safe after plane near-miss Wednesday, 22 Jul 2015 | 11:01 AM ET
    A multirotor quadcopter drone used for aerial photography flies near a wind turbine.

    Drone users have been warned to stick to the rules for flying unmanned aircraft or risk breaking the law by the U.K's aviation regulator.

  • July 22- Boeing Co reported a better-than-expected quarterly profit, helped by booming demand for commercial aircraft. The results include a $536 million charge to account for problems with the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. Boeing has said the program remains on track for delivering the initial 18...

  • Apple outlook weighs on global markets Wednesday, 22 Jul 2015 | 1:26 AM ET

    SEOUL, South Korea— Global stock markets dropped Wednesday after U.S. earnings fell short of expectations and investors began to focus on next week's Federal Reserve meeting. KEEPING SCORE: Britain's FTSE 100 fell 0.7 percent to 6,719.52 and Germany's DAX declined 0.4 percent to 11,563.48. ANALYST'S TAKE: "With Greece and China slipping off the table, investors...

  • *Deal more than doubles FedEx fleet of 767 Fs. SINGAPORE, July 22- FedEx Corp, the world's largest cargo firm, has signed a deal to buy 50 additional Boeing Co 767-300 freighters in the biggest order ever for the plane, allowing the aircraft maker to extend its production line well into the next decade. FedEx said the aircraft will be delivered by Boeing for its FedEx...

  • Dream job for high-flyers: 558,000 pilots needed Tuesday, 21 Jul 2015 | 7:03 AM ET
    Airline pilot aviation

    There’s some good news for all the would-be pilots out there, as Boeing estimates soaring vacancies across the aviation profession over the next 20 years.

  • Disappointing earnings from several big U.S. companies put investors in a selling mood Tuesday, giving the stock market its first broad decline in four days. IBM and United Technologies were among the companies whose latest quarterly report cards fell short of Wall Street's expectations or included dimmer outlooks. "Investors appear to be in a listen-only...

  • Musk: This is what caused the SpaceX launch failure Monday, 20 Jul 2015 | 4:14 PM ET
    An unmanned SpaceX Falcon 9 rocket explodes after liftoff from Cape Canaveral, Florida, June 28, 2015.

    Last month's SpaceX rocket failure was caused by a structural issue and could have been saved if its parachute had been deployed, Musk said.

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.