Lombardi was not involved in the bomber competition, an Air Force spokesman said. Northrop told Reuters it had confirmed that Lombardi was not a member of the source selection team that awarded the bomber contract, and remained confident that the Air Force had chosen the best solution to meet its bomber requirements. Lombardi, who had been the principal deputy...» Read More
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.
Due to the uncertainties in Washington, it is a difficult time for the defense business, says Linda Hudson, Bae Systems CEO. She says 1,200 workers were out of work due to the shutdown and shifting Bae System's portfolio into military equipment and high tech electronics.
Air Force officers have been caught leaving open a blast door that is intended to help prevent intruders from entering their underground command post.
CNBC's Tyler Mathisen and Dominic Chu discuss what defense stocks could be market outperformers in the upcoming quarter.
Turkey's military always relied on NATO-supplied Patriot missiles, but its selection of Chinese defense company stunned the military establishment.
Former Michigan Governor John Engler shares his opinions on why businesses in the Business Roundtable have slowed hiring, and the impact to their supply chains.
Former Michigan Governor John Engler discusses the challenges he sees in the implementation of Obamacare.
Former Michigan Governor John Engler discusses the toll the government shutdown is having on the economy, and how it's affecting confidence in government.
Just hours before Congress shut down the federal government, the Pentagon quietly went on a shopping spree and spent billions.
Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.
The government shutdown will have an immediate impact on workers at the Pentagon. But for the defense contractors? No big deal right now.
Despite sequestration, defense contractor stocks remain near all-time highs, reports CNBC's Jane Wells. FM trader Steve Grasso says Lockheed is his favorite, and Pete Najarian likes Boeing.
David Langstaff, TASC CEO, explains why we have to assume the government will shut down and shares which companies will be most impacted.
Contractors were already cutting jobs, reports CNBC's Jane Wells.
Secretary of Defense Chuck Hagel has pledged to cut the Army by 80,000, but a new study by suggests that Hagel could cut more while doing no harm.
Boeing is to win one of the world's biggest defense deals of the year when South Korea names the winner of an $7.7 billion fighter jet tender.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.
Big spending cuts by the Pentagon may not be enough to meet the reductions mandated by the sequestration.