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
The death of Osama Bin Laden has dealt a serious blow to Al Qaeda recruitment and has diminished the organization’s capability, Asa Hutchinson, former Under Secretary of Homeland Security told CNBC on Wednesday.
A member of the US Senate Intelligence Committee has told CNBC that the death of Osama Bin Laden was a direct result of enhanced interrogations.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
An outlook on the aeronautic defense and space industry as companies watch events in Libya closely, with Sean O'Keefe, EADS North America CEO.
As anti-aircraft fire rang out across Tripoli for the third night in a row and US airstrikes yet to slow, one analyst told CNBC that there is a very real chance of Libya being divided between the Gaddafi-controlled West and rebel-controlled East.
BAE Systems is braced for the imposition of strict curbs on its business by the U.S., as it moves closer to resolving a year-long review by the State Department of its guilty plea to a conspiracy charge last year, the Financial Times reported.
Washington Post columnist John Pomfret argues the recent test flight of the J-20 stealth fighter just hours before U.S. Defense Secretary Robert M. Gates met with Chinese President Hu Jintao was a blunt challenge by the military establishment to Hu's power. Pomfret surmises there is chaos within China's political circles because it appeared to Gates that Hu did not know of the test. Pomfret's hypothesis would certainly be a scary if true.
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.
The U.S. Navy is hoping to put into context the cost and the purpose of the flyover of four F-18 fighter jets on Super Bowl Sunday.
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.
The Egyptian stock market will likely tumble another 10 percent before investors put some cash in and try to stage a rally, after which the benchmark index could regain a third of its losses, according to historical trends, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
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.
New York City police say a suspicious letter sent to a midtown Manhattan bank turned out to be a greeting card from a headhunting firm.
Defense contractor ITT says it will split itself into three publicly traded companies, separating its defense and information business, its water technology unit and its industrial products business.
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.
Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.
More than 36 percent of the tuition payments made in the first year of the program—a total of $640 million in tuition and fees—went to for-profit colleges, like the University of Phoenix, according to data compiled by the Department of Veterans Affairs, even though these colleges serve only about 9 percent of the overall population at higher education institutions nationwide, the New York Times reports.
North Korea fired artillery shells at a South Korean island, killing two soldiers and two civilians, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953.
Stocks finished the session sharply higher Wednesday ahead of the Thanksgiving holiday, following a handful of reports that offered some hope that the U.S. economy was improving.