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Defense Defense Contractors

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  • ADELAIDE, Australia, Aug 26- Japan's effort to charm Australian politicians and the public over its bid for a A $50 billion submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building the vessels in Australia. Once seen as the frontrunner to win the contract, the Japanese bid has since come under...

  • Oshkosh wins Army contract to replacement Humvees Tuesday, 25 Aug 2015 | 8:06 PM ET
    Oshkosh entrant in JLTV bid war

    Oshkosh beat out a team made up of Lockheed Martin and Britain's BAE Systems, as well as a privately held company that built the original Humvees.

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced on Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • OSHKOSH, Wis.— Wisconsin- based Oshkosh Corp. won a major contract Tuesday to build a new combat vehicle to replace a large share of the U.S. military's Humvee troop carriers. The Army and Marine Corps plan to buy as many as 55,000 JLTVs by 2040. Nearly 49,100 would be built for the Army with 5,500 going to the Marines. Pentagon officials declined during a briefing for...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a multibillion-dollar competition to build a new light tactical vehicle for the U.S. Army and Marine Corps to replace their aging fleet of Humvees, sources familiar with the decision said Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM...

  • Industry executives and defense officials said they expected the Army to announce an initial contract valued at up to $9 billion late on Tuesday for 17,000 of 55,000 vehicles to be built for the Army and Marine Corps in coming years,. The Pentagon's Defense Acquisition Board, led by chief arms buyer Frank Kendall, met on Tuesday to review the acquisition...

  • WASHINGTON, Aug 24- U.S. Air Force Secretary Deborah James on Monday said a contract for a new long-range bomber would be awarded soon, and the project would not be considered a "new start" program that could be halted if Congress fails to pass a budget for fiscal 2016.. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team made up of Boeing Co and...

  • *India needs new warplanes to upgrade aging air force. Two senior Indian defense officials told Reuters that both sides were wrangling over the unit price of the aircraft and a condition that planemaker Dassault Aviation invest a big percentage of the value of the multi-billion dollar contract in India. That followed three years of commercial negotiations...

  • Veterans do better in job market than you think Friday, 7 Aug 2015 | 10:42 AM ET
    US Marines military

    For those enlisted servicemen and servicewomen who muster out, job prospects have improved as the overall recovery continues to put more Americans to work.

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • July 24- The U.S. Department of Justice has informed Sikorsky Aircraft that it has started a criminal investigation into allegations the helicopter maker overbilled the U.S. Navy for a contract, Sikorsky's parent company, United Technologies Corp, said on Friday. The Justice Department told Sikorsky of the probe on July 13, and requested that Sikorsky and two...

  • July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

  • July 22- Boeing Co reported a better-than-expected quarterly profit, helped by booming demand for commercial aircraft. The results include a $536 million charge to account for problems with the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. Boeing has said the program remains on track for delivering the initial 18...

  • Second half playbook: Defense Thursday, 2 Jul 2015 | 3:46 PM ET
    Second half playbook: Defense

    What to expect out of the defense sector in the second half of the year, with CNBC's Jane Wells.

  • SCHROBENHAUSEN, Germany, June 25- The German armed forces want to order between 8 and 10 units of the MEADS air and missile defence system for the time being, the managing director of manufacturer MBDA Deutschland GmbH said on Thursday. Germany said this month it would buy the MEADS system from Europe's MBDA and Lockheed Martin Corp instead of an updated Patriot...

  • PARIS, June 16- Lockheed Martin Corp announced on Tuesday that it will team with Raytheon Co and Canadian planemaker Bombardier to develop a new surveillance and command and control aircraft for a future U.S. Air Force competition. Northrop and Boeing Co have also said they plan to compete for the contract when the Air Force launches a competition in the coming...

  • WASHINGTON, June 5- Huntington Ingalls Industries Inc on Friday won two contracts worth a combined $4.3 billion to complete design work and construction of the USS John F. Kennedy aircraft carrier, the Pentagon said in its daily digest of major contracts. The first contract, a fixed-price deal with an incentive fee, was worth $3.4 billion for design and...

  • WASHINGTON, June 5- Huntington Ingalls Industries Inc on Friday won two contracts worth a combined $4.3 billion to complete design work and construction of the USS John F. Kennedy aircraft carrier, the Pentagon said in its daily digest of major weapons contracts. The first contract, a fixed-price deal with an incentive fee, was worth $3.4 billion for design and...

  • Robots rise to the next level—with $2M on the line Friday, 5 Jun 2015 | 12:41 PM ET
    A robot competes during the DARPA Robot Challenge.

    A robotics contest on Friday will pit robots against each other to carry out complicated, disaster-related tasks.