NEW DELHI, July 27- India signed a contract on Wednesday to buy four maritime spy planes from Boeing Co for about $1 billion, defence and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean. India has already deployed eight of the long-range P-8I aircraft to track submarine movements in the Indian Ocean and on... » Read More
Sir Roger Carr, Chariman of BAE, says terrorism and geopolitical risk are things no one wants, which is why his company is very busy.
After losing a more than $6 billion contract, Lockheed Martin is suing the Pentagon, reports CNBC's Jane Wells.
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.
The Pentagon is less than pleased with the trend of consolidation and share buybacks in the defense sector, reports CNBC's Jane Wells.
CNBC's Jane Wells reports on one defense company's efforts to spare its drone program from defense budget cuts and adapt to the future.
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.