Defense Aerospace & Defense

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  • SALT LAKE CITY— Utah authorities likely will be among the first in the nation to be allowed to disable and crash drones for flying too close to wildfires after lawmakers approved legislation. Evan Vickers, R- Cedar City, said that while the bill does allow firefighters or law enforcement to shoot down a drone, he doubts they'd do so because the unmanned aircraft fly...

  • WASHINGTON, July 14- The U.S. missile defense system to counter attacks from rogue states like North Korea has no proven capability to protect the United States and is not on a credible path to achieve that goal, a science advocacy group said on Thursday. The ground-based midcourse missile defense system, which has deployed 30 interceptors in Alaska and...

  • LOS ANGELES, July 13- A Chinese man who pleaded guilty to conspiring to hack into the computer networks of Boeing and other major U.S. defense contractors, was sentenced on Wednesday to nearly four years in prison, prosecutors said. In addition to the 46- months-long prison term, a judge in U.S. District Court in Los Angeles also ordered Su to pay a $10,000 fine.

  • FARNBOROUGH, England, July 12- Lockheed Martin Corp on Tuesday said it expected Europe's MBDA to submit a proposal for a new $4.5 billion missile defense system to the German defense ministry fairly soon, paving the way for negotiations with the government. Rick Edwards, who heads Lockheed's missiles and fire control business, told Reuters that he expected...

  • *Qatar Airways to buy 10 percent stake in LATAM. FARNBOROUGH, England, July 12- Airbus bagged deals worth $20 billion to seize the initiative at a rain-soaked Farnborough Airshow on Tuesday, but industry executives said the mostly lacklustre event confirmed a recent boom in aircraft orders was finally fizzling out. People familiar with the matter told Reuters...

  • CHICAGO, July 11- Alcoa Inc on Monday reported a lower quarterly net profit, with falling aluminum and alumina prices pressuring revenue while plant operations have been scaled back ahead of a spinoff of its traditional smelting business later this year. Alcoa reiterated its forecast for global automotive production growth in 2016 of 1 percent to 4 percent,...

  • CHICAGO, July 11- Metals company Alcoa Inc on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminum and alumina prices and plant operations that have been curtailed, closed or sold off. The New York- based company reported second-quarter net income of $135 million or 9 cents per share, down from $140 million or 10 cents per share a year...

  • Alcoa CEO: Good news on all fronts

    Klaus Kleinfeld, Alcoa Chairman & CEO, discusses his company's Q2 earnings release and how he plans to grow the business going forward. CNBC's Jim Cramer weighs in.

  • Farnborough Airshow: Bombardier CSeries

    CNBC's Phil LeBeau highlights the Farnborough Airshow with a sneak peak of the Bombardier CSeries.

  • Virgin Atlantic signed a deal to buy 12 Airbus A350-1000 aircraft as part of a $4.4 billion order which will help the British-based airline modernize its fleet.

  • A United Technologies Corp. Pratt & Whitney PurePower PW1000G engine.

    Despite the Brexit vote, Britain will remain a great place for manufacturing, United Technologies CEO Greg Hayes says.

  • The U.S. Navy variant of the F-35 Joint Strike Fighter.

    The price of Lockheed Martin's F-35 fighter jet is coming down as commercial sales, CEO Marillyn Hewson says.

  • Boeing 787-9 Dreamliner

    Boeing announced a new partnership with the U.K. government on Monday, involving buying new military aircraft.

  • FARNBOROUGH, England, July 11- The U.S. Defense Department on Monday extended by two years a project that has cut the cost of Lockheed Martin Corp's F-35 fighter plane by more than $1 million per jet, and kicked off a similar project to cut operating and maintenance costs. The Pentagon's F-35 program office is working closely with industry to drive down the cost of...

  • Lockheed debuts F-35: CEO

    Marillyn Hewson, Lockheed Martin CEO, discusses the introduction of its latest fighter jet and addresses criticism of cost overruns. Also Hewson weighs in on M&A in the industry and defense spending.

  • FARNBOROUGH, England, July 11- The world's airlines will need 39,620 new aircraft worth $5.9 trillion over the next 20 years, U.S. planemaker Boeing forecast on Monday, up 4.1 percent on its estimate last year. This will be driven largely by the growth of low-cost carriers and emerging markets, Boeing said on the first day of Britain's Farnborough Airshow.

  • Airbus exhibition stand showing Airliner fleet of A350, A380, A320 and A330 at the Farnborough Air Show, England.

    Airbus is set to announce a key order for 8-10 of its biggest twin-engined model, from Virgin Atlantic after beating Boeing to a scarce order for big jets.

  • Bombardier CEO, Alain Bellemare, talks about competition against the likes of aircraft manufacturing giants Airbus and Boeing.

  • Bombardier has unveiled a new jet with wider seats and wider aisles. Its CEO, Alain Bellemare talks more about the CS-100.

  • Raytheon International CEO, John Harris, talks about growth for mergers and acquisitions in the defense space, while commenting on the company’s Patriot air and missile defense system.

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