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Defense Aerospace & Defense


  • The Pentagon's two largest suppliers said they believed the Air Force "did not properly reward the contractors' proposals to break the upward-spiraling historical cost curves of defense acquisitions, or properly evaluate the relative or comparative risk of the competitors' ability to perform. Neither Northrop nor the Air Force had any immediate comment on...

  • Nov 6- United Continental Holdings Inc will not outsource more jobs in baggage handling or customer service until at least 2019 and will start "expedited" contract talks for nearly 30,000 workers, the airline said on Friday. The news marks the latest effort by United, the second-largest U.S. airline by capacity, and new Chief Executive Officer Oscar Munoz to build...

  • Boeing, Lockheed Martin to protest Air Force contract

    Both companies are saying the process was fundamentally flawed, reports CNBC's Jane Wells.

  • Apply to be a NASA astronaut Friday, 6 Nov 2015 | 8:00 AM ET
    Apply to be a NASA astronaut

    NASA is accepting applications for astronaut candidates starting December 4th.

  • Egypt insisted its airports were secured to international standards, despite growing concerns that its screening procedures may be flawed.

  • Uber-style app Victor helps you to book private jets Thursday, 5 Nov 2015 | 7:44 PM ET
    Uber-style app Victor helps you to book private jets

    Clive Jackson, founder & CEO of Victor, introduces the on-demand private jet hire service which aims to bring private jets to the masses.

  • Richard Branson's biggest investment ever Thursday, 5 Nov 2015 | 6:45 AM ET
    Richard Branson's biggest investment ever

    CNBC met up with Richard Branson on a Virgin America plane to find out what his biggest investment was and what he thinks about Elon Musk.

  • "The plan is not to change the aircraft, we really like what we have," Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes, told reporters in Dubai when asked about possible developments of the aircraft for Emirates. Emirates, the largest Boeing 777 operator, said last month it would defer to next year a decision on whether to place an order for...

  • Self-piloting drone dodges obstacles at 30mph Tuesday, 3 Nov 2015 | 1:46 PM ET
    View from an autonomous drone that can avoid obstacles.

    The autonomous device would cost about $1700 to build, and uses off-the-shelf parts including cameras and a processor.

  • WARSAW, Nov 3- Poland's potential new foreign minister on Tuesday questioned the country's initial deal to buy French Airbus Group's army helicopters, saying the contract would only leave "leftovers" for Polish producers. The outgoing government, beaten by the eurosceptic Law and Justice party in national elections last month, signed a provisional deal with...

  • WASHINGTON, Nov 3- The third quarter of 2015 saw a record $52 billion in merger and acquisition announced deals in the defense and aerospace industry, more than the whole of 2014, according to a report released by the U.S. arm of audit firm PriceWaterhouseCoopers. In August, Warren Buffett's Berkshire Hathaway Inc bought Precision Castparts Corp for $32.3...

  • Space revolution hatching in a New Zealand paddock Monday, 2 Nov 2015 | 10:19 PM ET

    *Rocket Lab plans private rocket launch in NZ next year. *Moon Express using Rocket Lab to send rocket to moon. The rocket launch range is not just New Zealand's first of any kind, but also the world's first private launch range, and the rocket, designed by Rocket Lab, one of a growing number of businesses aiming to slash the cost of getting into space, will be powered by a 3...

  • BAE Systems wants to fly 2,500 mph Monday, 2 Nov 2015 | 6:00 AM ET
    BAE Systems wants to fly 2,500 mph

    Aerospace giant BAE Systems is investing in Reaction Engines, which is developing SABRE engines for ultra-fast aircraft.

  • WASHINGTON, Nov 1- The U.S. military on Sunday hailed the success of a complex $230 million test of the U.S. missile defense system that it said showed the ability of the Aegis and THAAD weapons systems to identify and destroy ballistic and cruise missiles at once. The test was conducted near Wake Island in the western Pacific Ocean around 11:05 p.m. EDT by the U.S....

  • Airbus raises jet production Friday, 30 Oct 2015 | 1:11 PM ET
    Airbus raises jet production

    Airbus announced it will move up to 60 per month for its A320 model, reports CNBC's Phil LeBeau.

  • MONTREAL/QUEBEC CITY, Oct 30- Quebec's $1 billion bailout for aerospace company Bombardier Inc is meant to protect thousands of jobs in one of the province's top industries, but risks worsening the finances of Canada's most indebted province if it fails. The deal would give Quebec's Liberal-run government a 49.5 percent stake in Bombardier's troubled...

  • WASHINGTON, Oct 29- The U.S. Air Force is due to brief Boeing Co on Friday about its decision to award Northrop Grumman Corp a huge contract to build a next-generation long-range strike bomber, according to two sources familiar with the matter. Air Force officials could not immediately be reached for comment. The Air Force on Tuesday selected Northrop, maker of the...

  • *Airbus building completion centre in Tianjin. BEIJING, Oct 29- China and Germany signed a deal on Thursday that will see Chinese airlines buy 130 jets manufactured by Airbus Group SE, sending shares in the European planemaker higher. Shares in Airbus, the world's second-largest aerospace company behind Boeing Co, were up 2 percent at 60.87 euros by 0845 GMT.

  • WASHINGTON, Oct 28- L-3 Communications Holdings Inc on Wednesday named Christopher Kubasik, a former Lockheed Martin Corp chief operating officer, as president and chief operating officer, a newly created position. He currently serves as president and CEO of Seabury Advisory Group, a New York- based professional services firm focused on aviation, aerospace...

  • WASHINGTON, Oct 27- Northrop Grumman Corp, which makes the B-2 bomber, beat out a team made up of Boeing Co and Lockheed Martin Corp to develop and build a next-generation long-range strike bomber, the U.S. Defense Department said on Tuesday. The announcement ended months of anticipation and marked the biggest contract award by the Pentagon in over a decade, a deal...

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.