Sikorsky said it was still working out details, but any deal with the Army would likely include more government-handed depot maintenance than the $2 billion deal that Sikorsky and Lockheed Martin Corp were awarded on Friday by the U.S. Navy for servicing its MH-60 Sea Hawk helicopters. Mitchell said the talks with the Army were still in the early stages, but he...» Read More
WASHINGTON, Nov 6- The U.S. Air Force is studying ways to meet its August 2016 target for declaring the new Lockheed Martin Corp F-35 fighter jet ready for use in combat, despite an unexpected shortage of mechanics, a top Air Force general said on Thursday. Lieutenant General Stephen Hoog, assistant vice chief of staff of the Air Force, confirmed that the timeline was...
WASHINGTON, Oct 28- The U.S. unit of BAE Systems Plc on Tuesday said the U.S. Air Force has halted some of the company's initial work on a project to upgrade South Korea's F-16 fighter jets amid ongoing talks about the second phase of the project. "We remain concerned about the lack of progress in the negotiations between the Republic of Korea and the U.S. Air Force on...
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...
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...
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.
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.
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.
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.
From drones to robot armies, CNBC's Jane Wells takes a look at what the U.S. defense industry might look like in 25 years.
The House Armed Services Committee approved a bill authorizing a $496 billion Pentagon base budget but rejecting many attempts to cut spending.
A court injunction prohibited two firms from proceeding with plans to buy Russian rocket engines used to send U.S. Air Force satellites into space.
How global unrest has impacted defense stocks, with Jim Iuorio, TJM Institutional Services.