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  • Navy officer sentenced to 40 months in bribery case Friday, 29 Jan 2016 | 3:31 PM ET

    SAN DIEGO— A federal judge has sentenced a Navy officer to 40 months in federal prison for providing ships and submarine schedules to a Malaysian contractor in exchange for cash and luxury hotel stays in Singapore, Hong Kong and the island of Tonga. Todd Dale Malaki told Judge Janis L. Sammartino that he regretted his actions before he was sentenced Friday in San...

  • WASHINGTON, Jan 28- Boeing Co has won a contract worth $2.5 billion to build 20 more P-8A maritime surveillance aircraft, the Pentagon announced on Thursday. The contract covers the production and delivery of 16 aircraft for the U.S. Navy and four for the Australian government, the Defense Department said in its daily digest of major weapons contracts.

  • *China held talks with Russia in November on engine collaboration. SINGAPORE, Jan 29- China has built a potent military machine over the past 30 years but is struggling to develop advanced engines that would allow its warplanes to match Western fighters in combat, foreign and Chinese industry sources said. Western restrictions on arms exports to China prohibit...

  • Boeing shares sink after gloomy 2016 forecast Wednesday, 27 Jan 2016 | 11:13 AM ET
    737 Max Hero Boeing

    Boeing said expects to deliver fewer commercial planes this year, sending its shares down.

  • GROTON, Conn.— U.S. Navy contractor Electric Boat is building and designing so many submarines that the company's president told a group in Connecticut on Monday it's a "terrific time" to be in the submarine business. Funding for submarine programs is projected to increase from $7.2 billion in the 2016 fiscal year to more than $8 billion in 2017, Electric Boat...

  • Boeing to make just six 747-8 jumbos a year Thursday, 21 Jan 2016 | 4:31 PM ET
    747-8 Boeing Freighter Plane

    Boeing announced Thursday it will take a $569 million after-tax charge in its fourth-quarter results as it scales back production of its 747-8 jet.

  • Defence is high on the agenda: BAE Chairman Wednesday, 20 Jan 2016 | 4:00 AM ET
    Defence is high on the agenda: BAE Chairman

    Sir Roger Carr, Chariman of BAE, says terrorism and geopolitical risk are things no one wants, which is why his company is very busy.

  • 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,...

  • 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...

  • Lockheed sues Pentagon over lost contract Monday, 21 Dec 2015 | 1:57 PM ET
    Lockheed sues Pentagon over billions in lost contract

    After losing a more than $6 billion contract, Lockheed Martin is suing the Pentagon, reports CNBC's Jane Wells.

  • Government Accountability Office on Tuesday dismissed Lockheed Martin Corp's protest of a $6.75 billion Army contract for next-generation Humvees to Oshkosh after Lockheed said it would take the issue to federal court. Lockheed declined comment and Army officials had no immediate comment. Oshkosh said the Army conducted a thorough, methodical...

  • WASHINGTON, Dec 14- Lockheed Martin Corp has won a U.S. Army contract worth $1.09 billion to build PAC-3 missiles for the U.S. Army, South Korea, Qatar and Saudi Arabia for use in Raytheon Co's Patriot missile defense system, the Pentagon said Monday. Lockheed, the Pentagon's No. 1 supplier, said the contract includes Patriot Advanced Capability-3 missiles and PAC-3...

  • Gun giant seen reporting strong results this week Monday, 7 Dec 2015 | 11:59 AM ET
    Guns on display at an American Gun Works store in Los Angeles.

    With signs showing a boom again in gun sales following recent terrorism, attention is on Smith & Wesson, which is due to report earnings on Tuesday.

  • WASHINGTON, Dec 7- The U.S. Navy needs to "get going" on a new, unmanned armed aircraft that can operate from the deck of an aircraft carrier, U.S. A U.S. Navy official last month told Reuters the Navy would map out the future of the new carrier-based drone as part of its fiscal 2017 budget proposal, with an initial focus on surveillance, the approach long favored by the Navy.

  • "We did have a concern about data that should not have been released," Air Force Chief of Staff General Mark Welsh told industry executives and foreign military officials at an event hosted by the Atlantic Council think tank. That's why the Air Force highlighted that as an issue, "Welsh said. The report was released the same day that Boeing Co and Lockheed Martin Corp...

  • *Yemen, Iraq, Syria war strain supply chains. DUBAI, Nov 12- Having rushed to war in Yemen just as oil prices sank, Gulf Arab militaries are in a thrifty mood. Saudi Arabia for example is proceeding with a modernization of its navy, and Kuwait is still poised to buy $3 billion of fighter jets from Boeing on top of $7 billion in Eurofighters.

  • DUBAI, Nov 10- U.S. Air Force Secretary Deborah James said on Tuesday it was important to speed up approvals of foreign arms sales, and she was open to creating a White House- level position to oversee the process across government. Bob Durbin, chief operating officer of the Aerospace Industries Association, the largest U.S. aerospace industry trade group, told...

  • DUBAI, Nov 9- A senior Boeing Co. executive on Monday described the loss of an $80 billion U.S. bomber contract last month as a "minor setback" and said the company remained determined to expand its defense business. Boeing suffered a setback last month when the U.S. Air Force chose its rival, Northrop Grumman Corp, maker of the stealthy B-2 bomber, to develop and build a...

  • The Pentagon's two largest suppliers, who worked as a team on the bid, said they believed the Air Force "did not properly reward the contractors' proposals to break the upward-spiraling historical cost curves of defense acquisitions, or properly evaluate the relative or comparative risk of the competitors' ability to perform. The Air Force last week selected...

  • The Pentagon's two largest suppliers said they believed the Air Force "did not properly reward the contractors' proposals to break the upward-spiraling historical cost curves of defense acquisitions, or properly evaluate the relative or comparative risk of the competitors' ability to perform. Neither Northrop nor the Air Force had any immediate comment on...