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  • 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...

  • 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
    Amazon's Jeff Bezos

    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.

  • 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.

  • 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.

  • Why are space companies flocking to Colorado? Tuesday, 24 Jun 2014 | 4:45 PM ET
    The annual National Space Symposium in Colorado Springs, Colorado

    Colorado is trying to outbid rival states like Florida and New Mexico for a bigger slice of the commercial aerospace industry pie.

  • Rise of robot military  Tuesday, 13 May 2014 | 10:53 AM ET

    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.

  • The next 25 years in defense  Tuesday, 13 May 2014 | 7:45 AM ET

    Peter Skibitski, Drexel Hamilton defense analyst, shares his thoughts on the future of the defense industry.

  • Future face of defense industry  Tuesday, 13 May 2014 | 7:41 AM ET

    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.

  • House rejects Pentagon's pay, weapons cuts Thursday, 8 May 2014 | 8:54 AM ET
    Flanked by members of the U.S. House Armed Services Committee, Committee Chairman U.S. Rep. Howard P. 'Buck' McKeon (R-CA) (C) speaks during a news conference March 1, 2013 on Capitol Hill in Washington, DC.

    The House Armed Services Committee approved a bill authorizing a $496 billion Pentagon base budget but rejecting many attempts to cut spending.

  • SpaceX to govt: Stop buying Russian rocket engines Thursday, 1 May 2014 | 6:40 AM ET
    A SpaceX Falcon 9 rocket, attached to the Dragon, a cargo-only capsule, lifts off from the launchpad in Cape Canaveral, Florida

    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.

  • Macro story for defense stocks: Pro  Monday, 21 Apr 2014 | 1:47 PM ET

    How global unrest has impacted defense stocks, with Jim Iuorio, TJM Institutional Services.