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Defense Aerospace & Defense

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  • ZHUKOVSKY, Russia, Aug 25- Russian civil aviation companies face a disappointing week at the country's largest air show that opened on Tuesday as economic crisis and Western sanctions take a heavy toll on order books and scare away many foreign firms. According to Russian media, Russia and Iran will sign a $1 billion deal during the three-day show for S-300...

  • KLX tops 2Q profit forecasts Tuesday, 25 Aug 2015 | 10:18 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Tuesday reported fiscal second-quarter profit of $7.4 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Four analysts surveyed by Zacks expected $424.9 million.

  • Boeing prepares for layoffs Tuesday, 25 Aug 2015 | 6:00 AM ET
    Boeing prepares for layoffs

    Boeing workers brace for layoffs in the satellite business.

  • WASHINGTON, Aug 24- U.S. Air Force Secretary Deborah James on Monday said a contract for a new long-range bomber would be awarded soon, and the project would not be considered a "new start" program that could be halted if Congress fails to pass a budget for fiscal 2016.. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team made up of Boeing Co and...

  • Airbus eyes suit against Japan over $2B 'copter deal Monday, 24 Aug 2015 | 8:46 PM ET

    Airbus may take legal action against Japanese government after losing a multibillion-dollar helicopter deal, the FT reports.

  • Aug 21- Boeing Co remains on track to meet production targets it has set for its 737 MAX jetliner, a company spokesman said on Friday following a report on industry concerns that slow output at supplier GKN PLC could cause delays. The Chicago- based aircraft maker expects to roll out the first 737 MAX before the end of 2015, fly it in early 2016 and deliver it to...

  • As part of the three-day visit, senior U.S. and Indian naval officers visited the shipyard in Newport News, Virginia, where Huntington Ingalls Industries Inc is building the USS Gerald R. Ford, the first in a new class of aircraft carriers, according to Navy spokeswoman Colleen O'Rourke and Huntington Ingalls spokeswoman Beci Brenton. The group also met with...

  • Man jailed for thwarting drone on the beach Thursday, 20 Aug 2015 | 2:07 PM ET
    An octocopter photographic drone, equipped with a video camera, hovers over a beach.

    He spent a night in jail for damaging a drone he felt was "violating" beach goers.

  • This ‘space elevator’ could launch you into orbit Wednesday, 19 Aug 2015 | 2:40 AM ET

    A Canadian company has clinched a patent for a 12.4 mile-high "space elevator" that could launch astronauts and tourists into orbit.

  • Low Earth satellites war Tuesday, 18 Aug 2015 | 1:17 PM ET
    Low Earth satellites war

    CNBC's Jane Wells reports on the battle for low Earth orbit satellites which will provide fast Internet access, between Richard Branson and Elon Musk.

  • The force is strong with this Japanese airline Tuesday, 18 Aug 2015 | 12:39 PM ET
    Star Wars theme ANA airlines

    Japan's largest carrier announced 2 more Star Wars-themed planes. USA Today reports.

  • This drink bought an ad on the surface of the moon Tuesday, 18 Aug 2015 | 10:17 AM ET
    A Japanese drink company plans to put a can of Polcari Sweat on the moon.

    A Japanese sports drink will be the first product advertised on the surface of the moon. GlobalPost reports.

  • Missing Indonesian plane found crashed: Official Sunday, 16 Aug 2015 | 9:53 AM ET
    Trigana Air flight TGN 267, which used an ATR 42-300 turboprop, went missing in the Papua region Sunday. This picture, dated September 1994, shows a French ATR-42-500, a similar model, landing at Toulouse-Blagnac airport. The aircraft pictured is not flight TGN 267.

    An Indonesian domestic passenger aircraft carrying 54 people lost contact with air traffic control, and was found crashed, officials say.

  • A traveler looks at the board of delayed and cancelled flights in the Southwest Airlines terminal at Baltimore/Washington International Thurgood Marshall Airport.

    A glitch that snarled U.S. air travel and cancelled hundreds of flights has been fixed, with normal operations resuming Saturday, the FAA said.

  • Aug 14- Warren Buffett's Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp, and signaled it may have another large investment planned after agreeing to buy Precision Castparts Corp in its largest-ever purchase. The changes were disclosed in a U.S. Securities and Exchange Commission filing detailing...

  • BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.

  • Ukraine ceasefire ‘violated’ as violence spikes Wednesday, 12 Aug 2015 | 8:56 AM ET
    Ukrainian servicemen take part in military exercises on the shooting range of Ukrainian forces near Ghytomyr, some 150 km west of Kiev.

    Ukraine is edging closer to a return to full civil war following recent attacks on Kiev-controlled areas that have violated the ceasefire agreement.

  • Berkshire deal makes a lot of sense: Analyst Monday, 10 Aug 2015 | 7:40 PM ET
    Berkshire deal makes a lot of sense: Analyst

    Macrae Sykes, research analyst at Gabelli & Company, explains why Berkshire Hathaway's acquisition of Precision Castparts is a "fairly rational" move.

  • Pentagon computers back online after attack Monday, 10 Aug 2015 | 10:54 AM ET
    The Pentagon building in Washington, DC.

    Pentagon officials said the service was restored after a scrub of the system to eliminate any potential malware, NBC News reports.

  • Warren Buffett: Precision CEO loves what he does Monday, 10 Aug 2015 | 7:20 AM ET
    Warren Buffett: Precision CEO loves what he does

    Warren Buffett discusses the leadership of Precision Castparts Corp. CEO Mark Donegan, after his company announced buying Precision.

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.