BATH, Maine— Development of a futuristic weapon depicted in video games and science fiction is going well enough that a Navy admiral wants to skip an at-sea prototype in favor of installing an operational unit aboard a destroyer planned to go into service in 2018.. The Navy has been testing an electromagnetic railgun and could have an operational unit ready to...» Read More
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...
For those enlisted servicemen and servicewomen who muster out, job prospects have improved as the overall recovery continues to put more Americans to work.
What to expect out of the defense sector in the second half of the year, with CNBC's Jane Wells.
A robotics contest on Friday will pit robots against each other to carry out complicated, disaster-related tasks.
Defense spending among nations in the South China Sea region is rising, but most of it isn't going to the United States.
Elon Musk's venture is taking off as it snares major space contracts. Now rivals like UAL and Blue Origin are vying for the niche market.
NASA has asked Boeing and SpaceX to develop and operate space "taxis" that will cut out a dependence on Russia.
Lockheed Martin wants to use its unmanned helicopter--the K-Max--as a firefighting tool. Check out the drone in action in video courtesy of Lockheed.
There are signs that the Obama administration is getting ready to up the ante against ISIS - at a cost of up to an additional $40 billion a year.
The cost of the American military campaign against ISIS likely has passed $1 billion.
A joint venture of Boeing and Lockheed Martin plans to develop a new rocket engine with a company run by Amazon.com founder Jeff Bezos.
The Pentagon has decided not to send Lockheed Martin F-35 fighters to a UK air show amid mechanical problems with the weapons project.
With the FAA drafting rules to permit the use of commercial drones, one pro has her eye on these names.
Colorado is trying to outbid rival states like Florida and New Mexico for a bigger slice of the commercial aerospace industry pie.
What will our military look like in 25 years? CNBC's Jane Wells takes a look at how the military plans to deploy robots into action.
Peter Skibitski, Drexel Hamilton defense analyst, shares his thoughts on the future of the defense industry.
From drones to robot armies, CNBC's Jane Wells takes a look at what the U.S. defense industry might look like in 25 years.
The House Armed Services Committee approved a bill authorizing a $496 billion Pentagon base budget but rejecting many attempts to cut spending.
A court injunction prohibited two firms from proceeding with plans to buy Russian rocket engines used to send U.S. Air Force satellites into space.