Defense Aerospace & Defense

More

  • CHICAGO, Jan 11- Metals company Alcoa Inc on Monday reported a quarterly net loss after charges related to shuttering parts of its traditional smelting business. The New York- based company has been curtailing smelting capacity as the industry endures tumbling prices amid rising trade tensions with China. London Metal Exchange aluminum prices, CMAL3, which...

  • NEW YORK, Jan 7- Alcoa Inc said on Thursday it will permanently close its 269,000 tonne-per-year Warrick Operations smelter in Evansville, Indiana, by the end of first quarter, the latest in a string of U.S. smelter curtailments as producers struggle with tumbling prices. Warrick is the largest operating aluminum smelter in the United States, and its closure will...

  • WASHINGTON, Jan 7- The U.S. State Department has approved the sale of 5,000 Hellfire missiles to Iraq worth $800 million, the Pentagon said on Thursday. The Defense Security Cooperation Agency, which oversees foreign arms sales, told lawmakers the government of Iraq had asked to buy 5,000 of the air-to-ground missiles and 10 training missiles.

  • Lockheed wins $5.3 bln contract for C-130J aircraft Thursday, 31 Dec 2015 | 12:59 PM ET

    Dec 31- U.S. weapons maker Lockheed Martin Corp said on Thursday it would deliver a total of 78 C-130J Super Hercules aircraft to the U.S. government as part of a multiyear contract, worth $5.3 billion. Lockheed said in October it had reached a verbal agreement with the U.S. Air Force for a five-year contract to build up to 83 C-130J transport planes for the Air Force,...

  • After-hours buzz: Chimerix, Lockheed Martin & more Wednesday, 30 Dec 2015 | 6:10 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Wednesday: Chimerix, Weight Watchers, Lockheed Martin & more.

  • Drone rules need to be tighter: CA senator Tuesday, 29 Dec 2015 | 5:55 PM ET
    A multirotor quadcopter drone used for aerial photography flies near a wind turbine.

    States should take action to regulate drones when federal rules fail to address their concerns, one California lawmaker said.

  • Pollution cancels more than 220 Beijing flights: Xinhua Saturday, 26 Dec 2015 | 12:36 AM ET
    A Chinese man walking on a street wears a mask amid heavy smog in Beijing, China on December 25, 2015. Hazardous smog blanketing China's north-east has sparked more red alerts, with authorities advising residents in 10 cities to stay indoors.

    More than 220 flights at Beijing's airport were canceled Friday as pollution caused poor visibility, China's official Xinhua news agency reported.

  • Russia and India sign new defence deals Friday, 25 Dec 2015 | 12:19 AM ET
    Russian President Vladimir Putin and Indian Prime Minister Narendra Modi applaud during their meeting in Grand Kremlin Palace, in Moscow, Russia, December,24, 2015.

    The deals include building Russian-designed Kamov helicopters in India and for the location of a new nuclear power plant, the Financial Times reports.

  • WASHINGTON, Dec 24- Northrop Grumman Corp has won a contract worth $93.08 million to build a full-scale demonstrator of a new unmanned spy plane- a flying wing with large counter-rotating propellers- that would take off and land on destroyers and frigates, the Pentagon said on Thursday. Northrop has been working on a design for the new drone for several years...

  • Drone battle's next front: Your local government Thursday, 24 Dec 2015 | 9:00 AM ET
    Drone

    As the FAA crafts rules for using drones, conflict has arisen over what role state and local governments should have.

  • SpaceX Falcon 9 rocket nails vertical landing Tuesday, 22 Dec 2015 | 7:00 AM ET
    SpaceX Falcon 9 rocket nails vertical landing

    A reusable SpaceX rocket took off from Florida on Monday and landed safely near its launchpad.

  • SpaceX Falcon blasts off ... and nails landing! Tuesday, 22 Dec 2015 | 12:18 AM ET
    The SpaceX Falcon 9 rests on its launch pad at the Cape Canaveral Air Force Station on the private company's first mission since a June catastrophic failure in Cape Canaveral, Florida December 21, 2015. The rocket carries a payload of eleven satellites owned by Orbcomm, a New Jersey-based communications company.

    The launch and successful return of the rocket's first stage marked the first SpaceX flight since a June accident.

  • Twitter just patented a drone. Cue drone selfies? Monday, 21 Dec 2015 | 3:28 PM ET
    Drone camera

    Twitter was granted a patent last week for a drone that takes photos and videos and sends data to user accounts.

  • Air France CEO: Bomb scare was a false alarm Sunday, 20 Dec 2015 | 12:03 PM ET

    The head of Air France told reporters that a suspect device found on a flight was a hoax.

  • WASHINGTON, Dec 18- Lockheed Martin Corp on Friday filed for a temporary injunction seeking a stop-work order on a $6.75 billion contract awarded by the U.S. Army to Oshkosh Corp for 17,000 new armored vehicles to replace the Humvee, which Lockheed is challenging in federal court. Lockheed on Thursday said it had filed a federal complaint over the handling of the...

  • Dec 18- Defense contractor CACI International Inc has emerged as the top contender for Lockheed Martin Corp's government information technology business, as the interest of rival bidders fades, people familiar with the matter said. Leidos Holdings Inc and Engility Holdings Inc, which were also considering offers, feel discouraged by the prospects of the...

  • Alcoa lands two Boeing contracts worth more than $2.5bln Thursday, 17 Dec 2015 | 10:00 AM ET

    CHICAGO, Dec 17- Metals company Alcoa Inc said on Thursday it has signed two long-term supply contracts with plane manufacturer Boeing Co worth more than $2.5 billion that will be part of its value-added business once the company splits in the second half of 2016.. "This is a major contract for us," Alcoa Chief Executive Klaus Kleinfeld told Reuters.

  • *Sale follows refocus of strategy at Airbus. FRANKFURT, Dec 16- Airbus Group has shortlisted Carlyle and KKR for the defence electronics unit it is selling, after the two U.S. buyout groups put in significantly higher offers than rivals, three people familiar with the matter said. The sale is part of a plan by Airbus to dispose of assets with combined revenues of...

  • LONDON, Dec 16- Rolls-Royce, the British engineering company which has issued four profit warnings in little over a year, is scrapping a layer of senior management in the first major move by new boss Warren East to try to turn the business around. Tony Wood, head of aerospace, and Lawrie Haynes, head of the land and sea division, would leave the company next year,...

  • LONDON, Dec 16- Rolls-Royce, the British engineering company which has issued four profit warnings in just over a year, said it was scrapping a layer of senior management in the first move by new boss Warren East to turn the business around. Tony Wood, head of aerospace, and Lawrie Haynes, head of the land and sea division, will also leave the company next year.

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.