Fewer than half of the 2.1 million federal workers subject to a shutdown would be forced off the job if the Obama administration followed the path taken by presidents Ronald Reagan, George H.W. Bush and Bill Clinton
The decision by the Pentagon to hand a $30 billion contract to Boeing to supply refueling planes to the US Air Force has raised eyebrows across Europe and the defense industry as the tender had originally gone to a consortium led by Europe's EADS.
With the nation's deficit continuing to balloon, the knife is out to slash budgets. One of the items on the chopping block is the defense budget.
Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.
Topping the list of budget cuts announced by Defense Secretary Robert Gates is a more than $10 billion Marine Corps amphibious project known as the Expeditionary Fighting Vehicle, manufactured by General Dynamics.
Word that the world's largest military power will allow gays and lesbians to serve openly in the military brought strong and swift reaction Saturday, with supporters declaring a civil rights milestone and detractors insisting it would weaken and divide the armed forces.
The United States Marine Corps want to spend billions of dollars on a new amphibious landing craft, budget cutters in Washington say that’s simply too much money for a vehicle that Marines may never ride into battle.
For candidates to deliver on their promises to cut government spending and reduce the budget deficit, they will have to make potentially painful cuts. If given a limited choice, where would you wield the axe? Take our poll and tell us your opinion.
Wearing a neck brace as a result of the plane crash he survived in the Alaskan wilderness two months ago, Shaun O’Keefe, EADS North America CEO, told CNBC Friday that he continues to fly because it’s generally safe—safer than traveling in a car.
The Arab states of the Gulf have embarked on one of the largest re-armament exercises in peacetime history, ordering US weapons worth some $123bn as they seek to counter Iran’s military power.
CNBC has learned the Government Accountability Office will continue to consider part of a protest in the Air Force tanker refueling competition filed by a small U.S. company proposing a Ukrainian based tanker. However, the GAO is dismissing the most serious accusations made by the firm, U.S. Aerospace, which claim the Air Force engaged in intentional misconduct.
British defence company BAE Systems on Monday said it had hired advisors to sell its Platform Solutions business.
Traders as well as Fast Money friends have revealed some of their top trading ideas for the second half of 2010.
Raytheon has been removed from its lead role overseeing the £750m project to provide a secure border control system for the UK after the British government said it had “no confidence” in the US defense and security company. The FT reports.
When Argon ST, a defense contractor, was first for sale there was ample time for plenty of takeover stock investors to get involved on hopes that a knock-out bid would emerge for the company. Sure enough, it did.
After years of planning, waiting, and yes, delaying some of the most important programs in its history, 2010 is the year when Boeing will see if it can finally deliver.
Lockheed Martin reported better than expected earnings Wednesday, if you take out new health care costs. However, one of the biggest questions facing the defense giant is the future of the F-35 Joint Strike Fighter.
Who knew a defense company could be hip? All those guys with slide rules and pocket protectors. I know, I know. It's not like that anymore. Well, not so much.
Defense contractor Raytheon's board on Wednesday raised its annual dividend by 21 percent to $1.50 and authorized a repurchase of up to $2 billion in stock.
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