WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...» Read More
Airfares at American Airlines won't rise because of its merger with US Airways, Doug Parker, who'll be the chief executive of the combined carrier, told CNBC.
As Boeing works to regain permission for its 787 Dreamliner to resume flights, the company faces what could be a costly new challenge: a temporary ban on some of the long-distance, trans-ocean journeys that the jet was intended to fly.
A Boeing 787 Dreamliner took to the sky on Monday in the first of two flights aimed at showing that the plane's new lithium-ion battery system meets regulatory safety standards.
Despite "unfair commentary" on the 787 Dreamliner, Boeing makes great aircraft, Ryanair CEO told CNBC, following the purchase of $15.6 billion worth of new Boeing jets.
Ryanair announced a $15.6 billion order for 175 passenger jets from Boeing on Tuesday in a deal that will allow the Irish airline to consolidate its position as Europe's dominant low-cost carrier.
Airbus has landed the largest order of the year, and one of the largest of all-time, with a book value of almost $24 billion. The European plane maker will sell 234 of its A320 planes to Lion Air out of Indonesia.
The rapidly expanding drone market has not gone unnoticed by lawmakers and privacy watchdogs and is causing some concern.
U.S. Defense Secretary Chuck Hagel announced plans on Friday to bolster U.S. missile defenses in response to "irresponsible and reckless provocations" by North Korea, which threatened a preemptive nuclear strike against the United States last week.
The head of the Transportation Security Administration told lawmakers he stands by his plan to allow passengers to carry small knives onto planes despite a growing backlash against the proposal.
Boeing said its proposed fix for problems relating to the lithium-ion batteries on its 787 Dreamliner would eliminate the risk of fire, as the company seeks to reassure regulators and the public about the jet's safety.
Federal regulators have approved a Boeing plan to redesign the 787 Dreamliner's batteries, though extensive testing will be needed before the planes can fly passengers again.
Ryanair is to announce a deal to buy 200 aircraft from Boeing
The airline index is up 45 percent in the past one year, and up 20 percent so far this year alone, reports CNBC's Phil LeBeau.
The U.S. National Transportation Safety Board is examining the certification and testing of the lithium-ion battery system on the Boeing 787, but still has not found the root cause of a January fire, the board said.
U.S. safety regulators are poised to approve a plan to allow Boeing Co to begin flight tests of the 787 Dreamliner with a fix for its volatile batteries, a critical step towards returning the grounded aircraft to service, two sources familiar with the matter said.
As U.S. authorities grapple with how to regulate the use of unarmed drones in U.S. skies, a small network of police, first responders and experts is already flying unmanned aircraft.
Boeing will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners, but the move has nothing to do with the recent grounding of the troubled jetliner.
Scott Livingston, CEO & President of Horst Engineering, discusses how the sequester will affect the aerospace supply chain with CNBC Squawk Box Europe anchor Geoff Cutmore at the 2013 YPO Global Leadership Summit.
The head of the Federal Aviation Administration said "a great deal of testing" will be needed on Boeing's beleaguered line of 787 planes, before Dreamliners are cleared to fly again.
Cai Von Rumohr, Cowen and Company analyst, talks about what investors should consider before buying stock in the defense sector.
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.