WASHINGTON, Aug 3- Raytheon Co's Standard Missile-6 intercepted and destroyed a short-range ballistic missile off the coast of Hawaii last week, the Pentagon said on Monday, paving the way for the SM-6 to be deployed on U.S. Navy Aegis ships next year. "This important test campaign not only demonstrated an additional terminal defense layer of the, it also proved...» Read More
Lockheed Martin Corp's new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.
The FAA's special review of Boeing's 787 Dreamliner is significant but not so unusual that the new jet is in danger of being grounded, airline analysts told CNBC Friday.
Even as the federal government was announcing a new reliability review of Boeing's new 787, the Secretary of Transportation was defending the safety of the Dreamliner.
The FAA will conduct a special review of the Boeing 787 Dreamliner power system, CNBC has learned from sources Thursday. The review will likely examine the design and manufacturing process of the plane, and could take several weeks, perhaps even a couple of months.
Jason Trennert, Strategas Research Partners, discusses the five investment themes investors need to heed in the coming year, including buying on big dips and a drop in earnings on the S&P 500.
Look up, potential profits may be overhead. Jim Cramer doesn't want you to miss it.
A senior Boeing engineer said Wednesday the plane maker has "extreme confidence" in the 787 Dreamliner, despite three of mishaps this week, including a battery fire.
AMR Corp, the parent of American Airlines, said brighter business prospects might let equity holders receive some value from its reorganization.
A fuel leak forced a Boeing 787 Dreamliner operated by Japan Airlines to return to the gate at Boston's Logan International Airport Tuesday, canceling its scheduled takeoff in the second mishap in as many days with the new jetliner.
Jets are heading off to their final resting place at a rate similar to cars as airlines scrap aircraft at earlier stages, according to new research.
CNBC's Jane Wells explains what areas of defense remain vulnerable.
The Pentagon is getting ready to lay off hundreds of thousands of employees, with CNBC's Hampton Pearson.
CNBC's Hampton Pearson reports Defense cutbacks loom as the Pentagon plans to notify 800 thousand employees of potential furloughs if no deal is reached in a debt deal.
Defense companies are sure to be affected if we go over the "fiscal cliff" because of automatic spending cuts to the industry, reports CNBC's Jane Wells.
Howard Rubel, Jefferies analyst, provides insight on how to play the defense sector.
A powerful winter storm forced the cancellation of about 200 U.S. flights on Thursday, as heavy snow and high winds pummeled the northeastern U.S.
With so much government money going to defense companies like Lockheed Martin, it is difficult to imagine a "fiscal cliff" deal that does not cut at least some of the Pentagon's defense budget.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
Read ahead to see the most expensive U.S. military programs currently under way.
Some of the major players in the defense industry are hoarding cash amid fears of going over the fiscal cliff, which would mean major cuts to defense spending. Howard Rubel, Jefferies aerospace and defense analyst, and Patrick McCarthy, FBR Capital Markets senior defense analyst, offer insight.
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.