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Defense Aerospace & Defense


  • FALLS CHURCH, Va.— Shares of Northrop Grumman climbed Wednesday after the defense contractor posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop Grumman Corp. reported lower sales from most of its businesses, but the aerospace unit, its largest, had a small increase in revenue and a bigger profit compared...

  • *Solvay to finance deal with rights issue, debt sale. BRUSSELS, July 29- Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming. Solvay said in a statement on Wednesday it would pay $75.25 per share for Cytec, which closed at...

  • WASHINGTON— Free-falling miles above the desert, his test spaceship ripped to pieces and the frigid air hard to breathe, pilot Peter Siebold struggled through crippling injuries to turn on his oxygen and just to stay conscious. Siebold was aware that Virgin Galactic's SpaceShipTwo had violently disintegrated but then blacked out. Virgin Galactic chief...

  • French state-controlled Nexter Systems and privately-held Krauss-Maffei Wegmann GmbH& Co KG of Germany have been in exclusive tie-up talks for more than a year. One apparent sticking point had been the reported preference of German Vice-Chancellor Sigmar Gabriel for an all-German merger of KMW with automotive and defense group Rheinmetall designed to...

  • NTSB: Company should have prepared for human error Tuesday, 28 Jul 2015 | 3:21 AM ET

    In its finding, the board took pains to make clear that Scaled Composites, an aerospace company that has partnered with Virgin Galactic to develop the spacecraft, should have had systems in place to overcome the co-pilot's mistake. The Federal Aviation Administration was also faulted in its role of determining whether Scaled Composites should get permits...

  • Orders for US durable goods jump 3.4 percent in June Monday, 27 Jul 2015 | 8:31 AM ET

    WASHINGTON— Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Orders for durable goods jumped 3.4 percent in June from May, when orders had fallen 2.1 percent, the Commerce Department reported Monday. However, the jump was driven by aircraft orders booked...

  • 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.

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.