Defense Aerospace & Defense

More

  • July 22- Cessna aircraft maker Textron Inc reported a 6 percent rise in second-quarter profit on Friday, helped by strong demand for business jets. The company's net income rose to $177 million, or 65 cents per share, in the second quarter ended July 2, from $167 million, or 60 cents per share, a year earlier. Total revenue rose 8.1 percent to $3.51 billion.

  • July 22- Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, reported a 7.4 percent rise in quarterly profit, helped by strength in its automation and control solutions business. Net income attributable to Honeywell rose to $1.28 billion, or $1.66 per share, in the second quarter ended June 30, from $1.19 billion, or...

  • July 21- Boeing Co's second-quarter results will include more than $2 billion in charges related to the 787, 747 and KC-46 tanker aircraft programs, the aerospace and defense company said on Thursday. The combined charges of $2.05 billion address high-profile problems such as dwindling demand for very large planes like the 747 and a hangover of nearly $30...

  • July 21- Boeing Co said on Thursday it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program when it reports second-quarter results on Wednesday. The 787 charge totals $847 million after tax, or $1.33 a share, and stems from two test aircraft that Boeing said were substantially modified and remain unsold.

  • July 21- Boeing Co said on Thursday that it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program for the second quarter.

  • A Southwest Airlines jet takes off at Midway Airport in Chicago, Illinois.

    Southwest Airlines is investigating technical issues impacting all its online platforms, the company tweeted on Wednesday.

  • WASHINGTON— NASA is celebrating a 29- cent Pluto-themed postage stamp stuck to the side of the New Horizons spacecraft that has traveled nearly 3.5 billion miles from Earth. NASA says the 1991 stamp that carried the message "Pluto Not Yet Explored" helped inspire the New Horizons team. The team stuck it to the spacecraft shortly before it launched in January 2006,...

  • Teterboro Airport, New Jersey

    CNBC speaks to the people behind both NetJets and VistaJet about the impact Brexit will have on their business.

  • A man watches a television news broadcast at a railway station in Seoul on July 9, 2016, showing file footage of a North Korean missile launch. North Korea on July 9 test-fired what appeared to be a submarine-launched ballistic missile.

    North Korea says its ballistic missile test simulated strikes against South Korean ports and airfields used by the U.S. military.

  • ALBUQUERQUE, N.M.— The head of the New Mexico Spaceport Authority said Tuesday she will resign, saying she still believes in the commercial space industry and that Spaceport America has a role to play despite criticism that flights filled with paying passengers have not yet lifted off from the remote desert site. Susana Martinez obtained by The Associated...

  • BERLIN, July 19- Germany expects to take delivery of four more A400M military transport planes from Airbus before the end of this year, a defense ministry spokesman said on Tuesday. Germany has ordered 53 of the planes from Airbus, but only four have been delivered so far, including one earlier this month, with production delays caused in part by gearbox glitches on...

  • BETHESDA, Md. _ Lockheed Martin Corp. on Tuesday reported second-quarter earnings of $1.02 billion. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share. Three analysts surveyed by Zacks expected $12.53 billion.

  • This undated picture released from North Korea's official Korean Central News Agency (KCNA) on June 23, 2016 shows a test launch of the surface-to-surface medium long-range strategic ballistic missile Hwasong-10 at an undisclosed location in North Korea.

    North Korea fired three ballistic missiles into the sea that had a range of up to 360 miles, South Korea said.

  • SEATTLE, July 15- The Boeing Co marked its centennial on Friday with plans to sharpen its focus on innovation, including ambitious projects for supersonic commercial flight and a rocket that could carry humans to other planets. The enterprise established by William Boeing in a Seattle boathouse has faced numerous "bet the company" moments over its 10 decades to...

  • But it won't be easy— loyalty to the likes of Airbus and Boeing for one will remain a factor, for sure. They might be upstarts, but they are telling Europe's Airbus and its fierce U.S. competitor Boeing as well as smaller regional jet-makers such as Brazil's Embraer and Canada's Bombardier: It's not just about you guys anymore. The jet will strike at the heart of the...

  • *UK aerospace industry is No.2 in world behind U.S. FARNBOROUGH, England, July 15- With UK factories working at full tilt to meet bumper demand for aeroplanes, aerospace executives have been quick to brush aside fears of any imminent threat from Britain's exit from the European Union. "We will simply get on with it," Warren East, the chief executive of Britain's...

  • SALT LAKE CITY— Utah authorities likely will be among the first in the nation to be allowed to disable and crash drones for flying too close to wildfires after lawmakers approved legislation. Evan Vickers, R- Cedar City, said that while the bill does allow firefighters or law enforcement to shoot down a drone, he doubts they'd do so because the unmanned aircraft fly...

  • WASHINGTON, July 14- The U.S. missile defense system to counter attacks from rogue states like North Korea has no proven capability to protect the United States and is not on a credible path to achieve that goal, a science advocacy group said on Thursday. The ground-based midcourse missile defense system, which has deployed 30 interceptors in Alaska and...

  • LOS ANGELES, July 13- A Chinese man who pleaded guilty to conspiring to hack into the computer networks of Boeing and other major U.S. defense contractors, was sentenced on Wednesday to nearly four years in prison, prosecutors said. In addition to the 46- months-long prison term, a judge in U.S. District Court in Los Angeles also ordered Su to pay a $10,000 fine.

  • FARNBOROUGH, England, July 12- Lockheed Martin Corp on Tuesday said it expected Europe's MBDA to submit a proposal for a new $4.5 billion missile defense system to the German defense ministry fairly soon, paving the way for negotiations with the government. Rick Edwards, who heads Lockheed's missiles and fire control business, told Reuters that he expected...

Defense Contractors