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Defense Aerospace & Defense

  • Uber said it will be teaming up with the governments of Dallas-Fort Worth and Dubai to bring its flying taxis to those cities first, The Verge reports.

  • The U.S. is considering extending its ban on laptops in aircraft cabins to include Europe and Britain, the Times of London reported Tuesday citing "several informed sources".

  • Lockheed Martin’s T-50A jet trainer, the company’s submission for the U.S. Air Force’s T-X advanced pilot training program.

    Lockheed Martin posted a 6.6 percent rise in quarterly sales, helped by strength in its aeronautics division that makes fighter jets.

  • BETHESDA, Md. _ Lockheed Martin Corp. on Tuesday reported first-quarter earnings of $763 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share. Five analysts surveyed by Zacks expected $11.26 billion.

  • North Korean soldiers salute bronze statues (not pictured) of North Korea's late founder Kim Il-sung and late leader Kim Jong Il at Mansudae in Pyongyang, in this photo released by Kyodo April 25, 2017, to mark the 85th anniversary of the founding of the Korean People's Army.

    CNBC's Chery Kang updates from the North/South Korea border on the escalating nuclear threat from North Korea.

  • DUBAI, United Arab Emirates— Aircraft leasing company Dubai Aerospace Enterprise has agreed to buy rival AWAS, more than tripling the size of its fleet. DAE said Monday it agreed to buy the Dublin- based company from funds managed by its shareholders, Terra Firma Capital Partners and the Canadian Pension Plan Investment Board. DAE is majority-owned by the Dubai...

  • A Honeywell Aerospace T55 engine at the Seoul International Aerospace & Defense Exhibition in Goyang, South Korea.

    This economic bellwether's shares are climbing Friday on a better-than-expected earnings report.

  • April 21- Rockwell Collins Inc's second-quarter revenue beat analysts' estimates and the aircraft components maker raised its full-year revenue forecast to reflect the impact of its recently closed acquisition of aircraft interiors maker B/E Aerospace. The company closed the B/E Aerospace acquisition last week and said at the time it would try to sell...

  • *Q1 net sales $9.49 bln vs. est. We reiterate our view that the stock should trade well post results, "Morgan Stanley analyst Nigel Coe wrote in a client note. The company raised the low end of its 2017 earnings forecast by 5 cents to $6.90- $7.10 per share, and reaffirmed its 2017 organic sales growth forecast of 1-3 percent.

  • Honeywell also raised the low end of its 2017 earnings forecast by 5 cents to $6.90- $7.10 per share. Net income attributable to Honeywell increased to $1.33 billion, or $1.71 per share, in the first quarter ended March 31, from $1.22 billion, or $1.56 per share, a year earlier. However, revenue fell to $9.49 billion from $9.52 billion.

  • The company raised the low end of its 2017 earnings forecast by 5 cents to $6.90- $7.10. Net income attributable to Honeywell increased to $1.33 billion, or $1.71 per share, in the first quarter ended March 31, from $1.22 billion, or $1.56 per share, a year earlier. However, revenue fell to $9.49 billion from $9.52 billion.

  • Engineers performing tests on an engine at French aerospace group Safran

    Defense and aerospace industry mergers slowed in the first quarter but a report says activity should pick up for the remainder of 2017.

  • CNBC test flies Lockheed Martin’s T-50A trainer jet

    CNBC tries out Lockheed Martin’s T-50A trainer jet ahead of a $16 billion competition to decide who will produce the U.S. Air Force's next-generation trainer planes.

  • Defense contractor showdown between Lockheed and Boeing

    Major defense contractors Lockheed and Boeing are vying for a big $16 billion Air Force contract for a new trainer jet for the military branch. CNBC’s Morgan Brennan reports.

  • Competition fierce for defense contracts

    CNBC's Morgan Brennan takes a look at the big business of defense contractors.

  • With women now serving aboard submarines, defense contractor Electric Boat is designing what will be the first Navy subs built specifically to accommodate female crew members. But they are also making more subtle modifications that may not have been in everyone's periscope when the Navy admitted women into the Silent Service. The first vessel built with...

  • TOKYO, April 18- The Mitsubishi Regional Jet has been delayed five times and faces rising costs, yet its future as the vanguard of Japanese-built passenger jets seems assured by the corporate muscle behind it and a government set on reviving an aerospace industry dismantled after World War Two. The delays- the new 90- seat plane was due to take off in 2013, but the...

  • NEW YORK, April 17- Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing...

  • A worker loads an aluminum coil onto a loading dock at the Arconic Inc. manufacturing facility in Alcoa, Tennessee

    Jorge Beristain, Deutsche Bank, weighs in on the management shakeup at Arconic, and his outlook on the stock.

  • "I'm trying to hire two experienced drone technicians at $20 an hour and I can't find anybody," said James Barnes, who founded the New Jersey Drone Academy. " Northland Community and Technical College in northwestern Minnesota has been teaching unmanned aircraft maintenance for larger military-type drones. "The reality is, the people coming out of the trade...

Defense Contractors