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Defense Aerospace & Defense

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  • 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.

  • Lockheed to buy Sikorsky from United Tech for $9B Monday, 20 Jul 2015 | 8:44 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Lockheed Martin on Monday announced plans to acquire Sikorsky Aircraft from United Technologies in a deal valued at $9 billion.

  • HARTFORD, Conn.— Lockheed Martin will acquire Black Hawk helicopter maker Sikorsky Aircraft for $9 billion as it seeks greater access to the military and commercial helicopter market. United Technologies Corp. said in June it planned to shed Sikorsky so that the aerospace and building systems conglomerate could better focus on high-technology systems for...

  • Lockheed tops Street 2Q forecasts Monday, 20 Jul 2015 | 7:42 AM ET

    BETHESDA, Md. _ Lockheed Martin Corp. on Monday reported second-quarter earnings of $929 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share. Six analysts surveyed by Zacks expected $10.97 billion.

  • RAGLAN, New Zealand, July 20- Deep in New Zealand's dairying heartland, drone maker Aeronavics tests aircraft designed to corner the fast-growing emerging market for unmanned aerial vehicles in the film and television business. Who "and the" Twilight "films is one of a stable of New Zealand firms that are using the country's reputation for innovation in the film...

  • Lockheed to buy United Tech's Sikorsky for $8B Monday, 20 Jul 2015 | 2:03 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Lockheed Martin has agreed to buy United Technologies' Sikorsky Aircraft for over $8 billion, two sources said on Sunday.

  • Up, up, and away: NZ drone makers target Hollywood Sunday, 19 Jul 2015 | 5:00 PM ET

    RAGLAN, New Zealand, July 20- Deep in New Zealand's dairying heartland, drone maker Aeronavics tests aircraft designed to corner the fast-growing emerging market for unmanned aerial vehicles in the film and television business. Who "and the" Twilight "films is one of a stable of New Zealand firms that are using the country's reputation for innovation in the film...

  • WASHINGTON, July 17- Boeing Co said on Friday it will take a $536 million after-tax charge in its second-quarter results to deal with problems in the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. The world's biggest commercial planemaker, which is also a major defense contractor, beat European rival Airbus to win the...

  • July 17- General Electric Co and Honeywell International Inc beat expectations for their latest quarterly results on Friday as ongoing cost-cutting efforts paid off with profit margin increases that impressed Wall Street analysts. At a time multinational industrial manufacturers face pressure from foreign currency swings and weak oil and gas markets,...

  • Iran is opening for business—unless you're from US Friday, 17 Jul 2015 | 12:59 PM ET
    Two veiled women look at smart phone brands in Paytakht computer mall in Tehran, Iran.

    European and Asian business could pour into Iran if sanctions are lifted, but U.S. law would keep most Americans on the sidelines.

  • Boeing to take $536M charge for tanker issue Friday, 17 Jul 2015 | 10:58 AM ET
    Boeing headquarters in Chicago.

    Boeing will recognize a 77 cent a share charge related to its KC-46 aerial refueling tanker program.

  • July 17- Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, reported a better-than-expected rise in quarterly profit, helped by cost controls. Honeywell said it expects margins to expand further in the second half of 2015.. Net income attributable to Honeywell rose to $1.20 billion, or $1.51 per share, from $1.10...

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.