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Defense Aerospace & Defense


  • 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.

  • Warren Buffett: Precision deal 'very high multiple' Monday, 10 Aug 2015 | 7:16 AM ET
    Warren Buffett: Precision deal 'very high multiple'

    Warren Buffett discusses the deal between Berkshire Hathaway and Precision Castparts.

  • Warren Buffett: Why we bought Precision Castparts Monday, 10 Aug 2015 | 7:12 AM ET
    Warren Buffett, chairman of Berkshire Hathaway Inc.

    Warren Buffett speaks to "Squawk Box" about Berkshire Hathaway buying Precision Castparts for $235 per share in cash.

  • Berkshire buying Precision Castparts Monday, 10 Aug 2015 | 7:01 AM ET
    Berkshire buying Precision Castparts

    Berkshire Hathaway is buying Precision Castparts for $235 per share in cash.

  • MEXICO CITY, Aug 6- Mexico's Grupo Aeroportuario del Centro Norte said on Thursday a unit of construction firm ICA had sold a 2.9 percent stake in the airport operator. OMA's stock closed down 4.35 percent at 83.62 pesos per share. At OMA's closing price on Thursday, the shares sold by Aeroinvest would have been worth some 968.43 million pesos according to Reuters...

  • WASHINGTON, Aug 6- A U.S. House panel this week asked NASA to explain why it hasn't launched an independent review of the explosion on June 28 of a SpaceX Falcon 9 rocket, as it did after the earlier explosion of Orbital ATK Inc's Antares rocket on Oct. 28. "The discrepancy between the approaches taken by NASA in response to these two similar events raises questions...

  • Airbus orders lag Boeing in Jan-July Thursday, 6 Aug 2015 | 7:26 AM ET

    PARIS, Aug 6- Airbus won 408 gross plane orders in the first seven months of the year, the European planemaker said on Thursday, lagging U.S. rival Boeing with 426 aircraft sales. Excluding cancellations for 24 A320, 10 A321 and seven A350-900 jets, Airbus had 367 net orders in the period from Jan. 1 to July 31. Last month brought 26 new orders for Airbus, including 25...

  • Malaysia confirms wing part is from missing MH370 Thursday, 6 Aug 2015 | 5:58 AM ET
    Relatives of passengers on missing Malaysia Airlines MH370 speak outside the Malaysia Airlines office in Beijing, expressing anger and disbelief after Malaysia's prime minister said wreckage found on a French Indian Ocean island was from the plane.

    A piece of a wing that washed up on an Indian Ocean island was wreckage from the Malaysian Airlines flight MH370, Malaysia said on Thursday.

  • Will plane debris solve the mystery of MH370? Wednesday, 5 Aug 2015 | 6:33 PM ET
    Will plane debris solve the mystery of MH370?

    Richard Gillespie, executive director of The International Group for Historic Aircraft Recovery (TIGHAR), discusses news that the plane debris discovered on Reunion Island belongs to the missing Malaysia Airlines flight MH370.

  • JERUSALEM, Aug 5- El Al Israel Airlines said on Wednesday it was opening talks with Boeing to buy and lease up to 15 new Dreamliner aircraft over the next five years in a deal that could be worth $800- $900 million, its biggest-ever plane order. "El Al's board today authorised the company to hold talks with Boeing over the acquisition of wide-body Dreamliner aircraft...

  • ATHENS, Aug 5- Several Greek domestic and international flights were canceled on Wednesday as air traffic controllers went on strike at the height of the tourism season, asking for European-based reforms to be brought in to civil aviation services. At Athens airport, Greece's biggest, about 22 flights were called off and 173 rescheduled due to the four-hour...

  • Trade credit woes scuttle Boeing satellite deal Tuesday, 4 Aug 2015 | 7:57 PM ET
    A Boeing 747-8 Intercontinental airliner

    Boeing is scrambling to find financing for a satellite contract scuttled over uncertainty about the future of the U.S. Export-Import Bank, sources said.

  • NEW YORK, Aug 4- Boeing Co said on Tuesday it had updated the technical specifications, or performance characteristics, of its jetliners to reflect the way airlines use them and also the trend toward heavier passengers, seats and cargo. The world's biggest plane maker stressed that the airplanes themselves have not changed. But since it does not reveal specific...

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.