Washington, Oct 1- Senator John McCain on Thursday said huge cost overruns on a new class of aircraft carriers built by Huntington Ingalls Industries Inc made it "one of the most spectacular acquisition debacles" in recent years, and the Navy needed different options for the future. Senator Jack Reed, the top Democrat on the committee, echoed McCain's concerns, and...» Read More
Northrop Grumman reported quarterly earnings and revenue that surpassed analysts' expectations on Wednesday.
Billionaire Jeff Bezos joined the space race when he backed Blue Origin, a previously low-profile company that is now waiting to hear if it can take over a former NASA launch pad.
United Technologies, the largest maker of elevators and air conditioners, reported higher net income, helped mostly by its buyout of aircraft parts manufacturer Goodrich.
General Electric's improving margins and strength from its sector signals that the conglomerate will be moving much higher from here, said Cramer Friday.
The X-47B will take off from Naval Air Station Patuxent River in Maryland and, if all goes according to plan, will be captured on an aircraft carrier off the coast of Virginia.
CNBC's Jane Wells reports the X-47B has successfully landed aboard the aircraft carrier USS George HW Bush.
Some are calling the X-47B a "game changer." CNBC's Jane Wells reports the X-47B is being launched today to land aboard the aircraft carrier USS George HW Bush.
Travelers likely will be experiencing a few more days of delays as airlines cope with inclement weather and the ripple effect of the Asiana Airlines crash. NBC News reports.
The crash of a South Korean airliner in San Francisco on Saturday with more than 300 people on board dampens the safety record of one of the world's safest aircraft and an airline with a clean sheet of 20 years.
Boeing is a best-in-class stock with great management and competitive position, CNBC's Jim Cramer said.
Large European airlines can't "walk straight and chew gum at the same time"—creating an opening for Ryanair to grab more short-haul share, CEO Michael O'Leary told CNBC.
There is a level of optimism at the Paris Air Show that hasn't been there in years, reports CNBC's Phil LeBeau.
The FAA did "everything right" in the dealing with the battery issues that grounded Boeing's new Dreamliner for months, the aircraft maker's chairman and CEO James McNerney tells CNBC.
Carter Copeland, Barclays Capital analyst, discusses the competition between Boeing's 787 and Airbus' A350 aircraft.
U.K. aerospace giant BAE Systems must adjust its cost-base, according to newly appointed chairman, Roger Carr.
Boeing upgraded its 20-year forecast for airplane demand as aerospace firms heading to next week's Paris Air Show look beyond the financial crisis to pin their hopes on Asia.
The Pentagon needs to follow the private sector's lead on acquisitions, particularly when it comes to critical information technology, says one lawmaker.
In just a few hours a two-mile wide asteroid will pass right by Earth, if it veers off course and collides with your house, will insurance cover it? CNBC's Jane Wells has the answer.
The sequester cuts were supposed to hurt defense stocks, but some companies have been rallying higher. Mad Money host Jim Cramer shares his top picks in the sector.
British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft".
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.
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.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.