PROVIDENCE, R.I.— A couple from Georgia who filed a lawsuit that blew the whistle on wrongdoing by a longtime U.S. Navy employee and Navy contractors has agreed to settle for $90,000, and a federal judge in Rhode Island has dismissed the long-running case. The couple initially sought up to $54 million, triple the $18 million that prosecutors say the Navy lost in a...» Read More
Los Angeles-based start-up DreamHammer has created Ballista, which aims to become the Windows or Android of unmanned aerial systems.
The U.S. is investigating export and import procedures at Honeywell after the firm included Chinese parts in equipment it built for the F-35 jet.
Tornado fighter jets containing 3-D-printed parts have flown for the first time, defense giant BAE Systems said.
The Pentagon waived laws banning Chinese-built components on US weapons to keep the F-35 fighter program on track in 2012 and 2013, a report said.
FireEye acquired Mandiant, the computer forensics specialist best known for unveiling a secret Chinese military unit believed to be behind hacking attacks on U.S. companies.
Ralph Shrader, Booz Allen Hamilton CEO, discusses former employee Edward Snowden and the impact the negative press had on its business. Shrader also weighs in on the challenges of potential defense cuts.
CNBC's Jane Wells shares her predictions for the defense industry in 2014 and weighs in how international sales impact Lockheed's bottom line.
Japan is set to announce its first ever national security strategy on Tuesday amid heightened tension with China. CNBC's Tokyo Bureau Chief Kaori Enjoji has more.
Japan and Southeast Asian countries called for freedom of the air and sea on Saturday, as China's military assertiveness raises tensions.
Vladimir Putin ordered Russia's military to increase its focus on the Arctic and finish plans to upgrade military bases there.
The U.S. defense secretary, has opened the door to more weapons sales to the Gulf states, as Washington seeks to convince allies of its commitment to the Iran nuclear talks. The Financial Times reports.
Edward Hunt, senior defense consultant at IHS Jane's, discusses escalating tensions between Japan and China over an island dispute.
Beijing is now confronting strategic assumptions that have governed the Western Pacific region since World War Two.
The hottest spot in the East China Sea appears to be a bunch of uninhabited islands. CNBC's Bernie Lo and Deirdre Wang Morris discuss Beijing's latest move to send fighter jets into the area.
The Pentagon faces the retirement of its de facto chief operating officer, and his exit could have a big impact on the defense industry.
Lockheed Martin announced major job cuts around the U.S. CNBC's Jane Wells reports Lockheed's CEO Marillyn Hewson regrets facility closings and layoffs.
Defense contractor Lockheed Martin said it plans to cut 4,000 jobs, or more than 3 percent of its workforce, to cope with declines in U.S. spending.
CNBC's Jane Wells reports that or the first time an F-35 dropped a 500 pound laser guided bomb and successfully connected with its target on the ground.
One defense contractor is betting on high-tech solutions to help improve military intelligence in a world where less money will be spent on bullets.
The Fed is putting additional controls on its media security procedures, reports CNBC's Seema Mody. Also, Boeing and Lockheed Martin are teaming up on a new contract.