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Defense Contractors

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  • TAIPEI, Oct 27- Taiwan is moving ahead with plans to build its own submarines, with an initial design to be completed by the year-end, after lengthy delays in getting eight vessels under a 2001 U.S. defence deal and as China's navy expands rapidly. While major obstacles remain, such as overcoming significant technical challenges and what would almost certainly be...

  • WASHINGTON, Oct 14- Pratt& Whitney, a unit of United Technologies Corp, has been awarded a $592 million contract with the Pentagon for a seventh batch of F135 engines to power the F-35 fighter plane built by Lockheed Martin Corp, the Defense Department said on Tuesday. Top Pentagon officials had expected to reach agreement on the contracts earlier this summer, but...

  • Here's the new US price tag for the war against ISIS Friday, 10 Oct 2014 | 7:26 AM ET

    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.

  • WASHINGTON, Oct 6- Raytheon Co beat out Lockheed Martin Corp and Northrop Grumman Corp for a contract to build a next-generation long-range radar system for the U.S. Air Force, the U.S. Defense Department said on Monday. The award marks another significant win for Raytheon in the radar market, a deal valued at around $1 billion, and kicks off the next phase of a...

  • WASHINGTON, Oct 1- The U.S. Air Force is close to announcing the winner of a three-way competition between Lockheed Martin Corp, Raytheon Co and Northrop Grumman Corp to build the next generation of long-range radars, senior military officials said. One source familiar with the process said Frank Kendall, the Pentagon's chief arms buyer, had approved the Air...

  • Bombs away: US spends millions a day to fight ISIS Wednesday, 1 Oct 2014 | 7:39 AM ET
    A file photo of an F-22 fighter jet

    The cost of the American military campaign against ISIS likely has passed $1 billion.

  • HONG KONG, Sept 19- China shares rose for a third straight day on Friday, bolstered by strength in shipbuilders and aviation firms, which are expected to benefit from plans to let private capital enter the defense industry.

  • Boeing-Lockheed to team with Bezos to take on space Tuesday, 16 Sep 2014 | 7:22 AM ET

    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.

  • Battle against ISIS could boost Pentagon’s budget Friday, 12 Sep 2014 | 10:06 AM ET
    President Barack Obama delivers a prime time address from the Cross Hall of the White House on September 10, 2014 in Washington.

    Speculators suggest a boost in the Pentagon's budget after president Obama's televised speech regarding his plans for ISIS.

  • WASHINGTON, Sept 10- The U.S. Navy's planned unmanned plane for use on aircraft carriers should eventually be able to take on additional roles besides just surveillance, Navy Secretary Ray Mabus said on Wednesday.

  • They said the Navy will wait to seek proposals for the contract until after the Pentagon conducts a broad review this fall of intelligence and surveillance programs. Navy officials had hoped to release a final request for proposals for the UCLASS this month, after a meeting of Pentagon officials on Sept. 10.

  • NEW DELHI, Aug 30- India has decided to acquire Boeing's Chinook and Apache helicopters, an Indian defense ministry official said on Saturday, in a deal valued at $2.5 billion that could ease strained ties between New Delhi and Washington.

  • NEW DELHI, Aug 21- Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.

  • Boeing, Sikorsky to build helicopter for U.S. Army Tuesday, 12 Aug 2014 | 1:59 PM ET

    Aug 12- Boeing Co said it had been jointly selected with United Technologies Corp's Sikorsky unit to build a next-generation multi-role helicopter for the U.S. Army. The first flight for the program is expected in 2017, Boeing said. The company did not disclose the value of the contract.

  • NEW DELHI, Aug 7- India has offered to increase an order for U.S. India and the United States have rapidly expanded military sales in recent years, despite discord in areas such as trade and intellectual property rights.

  • Lockheed F-35 won't debut at UK air show: Pentagon Tuesday, 15 Jul 2014 | 2:46 PM ET
    A worker checks the landing gear of a model of a F-35 Lightning II joint strike fighter jet, produced by Lockheed Martin Corp., as it stands on display prior to the opening of the Farnborough International Airshow in Farnborough, U.K., July 13, 2014.

    The Pentagon has decided not to send Lockheed Martin F-35 fighters to a UK air show amid mechanical problems with the weapons project.

  • Defense Secretary Chuck Hagel told military fliers on Thursday the stealthy F-35 attack plane had "issues" but was still "the future for our fighter aircraft" despite a fire that grounded the fleet and jeopardized its international debut in Britain.

  • BRUSSELS, July 9- The chief executive of Bell Helicopter said on Wednesday he was confident that the company's concept for the U.S. Army's next-generation helicopter would be selected for flight testing in an eagerly awaited decision expected within the next month.

  • Drone boom? These names may benefit, pro says Monday, 7 Jul 2014 | 4:15 PM ET

    With the FAA drafting rules to permit the use of commercial drones, one pro has her eye on these names.

  • The Pentagon's F-35 program office, Air Force and Navy issued directives on Thursday ordering the suspension of all F-35 flights after a June 23 fire on an Air Force F-35A jet at Eglin Air Force Base in Florida, according to statements by the Pentagon and the F-35 program office.