TOKYO— Japan has approved the export of a locally-made component for a missile defense system to the U.S. and is launching joint research with Britain on air-to-air missile technology for fighter jets.» Read More
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.
WASHINGTON, May 7- Sikorsky Aircraft, a unit of United Technologies Corp, won an initial $1.24 billion contract to develop and build six new U.S. presidential helicopters, the first step toward a fleet of 21 new aircraft by 2023, the Pentagon announced on Wednesday.
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.
April 28- General Dynamics Corp, the maker of Gulfstream jets, tanks and naval ships, said its unit had received a contract worth $17.6 billion from the U.S. Navy for the construction of ten submarines.
WASHINGTON, April 28- The U.S. Navy on Monday awarded a $17.6 billion contract for 10 more Virginia-class, nuclear-powered attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the largest ever Navy shipbuilding contract.
WASHINGTON, April 28- The U.S. Navy on Monday awarded a $17.6 billion contract for 10 more Virginia-class attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the largest Navy shipbuilding contract ever.
WASHINGTON, April 27- A new 10- year security pact between the United States and the Philippines could lead to modest increases in U.S. weapons sales in coming years, especially for maritime surveillance equipment, analysts said on Sunday.
The Navy plans to cancel an order for 29 helicopters, but termination could cost as much as finishing the helicopters, The Fiscal Times reports.
How global unrest has impacted defense stocks, with Jim Iuorio, TJM Institutional Services.
Lockheed Martin reports earnings Tuesday. CNBC's Jane Wells reports earnings are expected to rise 9 percent.
WASHINGTON, April 16- The U.S. Navy on Wednesday said it would delay the commissioning of the North Dakota, a new Virginia-class submarine that was due to enter active service on May 31, to carry out more design work and resolve quality problems with certain components.
SLAVIANSK/DONETSK, Ukraine, April 14- Armed pro-Russian separatists seized more buildings in eastern Ukraine on Monday, expanding their control after the government failed to follow through on threatened military crackdown leaving Moscow's partisans essentially unopposed.
WASHINGTON, April 9- Sikorsky Aircraft said on Wednesday the U.S. Navy's plan to skip orders for 29 MH-60 helicopters in the final year of a five-year contract could undermine the industry's willingness to sign such cost-saving agreements in the future.
WASHINGTON, April 8- The U.S. Air Force general who runs the F-35 fighter jet program for the Pentagon said he expected to reach agreements with both Lockheed Martin Corp and engine-maker Pratt& Whitney by the end of May for the next order of fighter planes.
WASHINGTON, April 8- The U.S. Air Force general who runs the F-35 fighter jet program for the Pentagon said he expected to reach agreement with both Lockheed Martin Corp and engine-maker Pratt& Whitney by the end of May for the next order of fighter planes.
The Defense Department decided it could skip further orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes after concluding that a halt in their production would not jeopardize suppliers for other big weapons programs, said Elana Broitman, the Pentagon's top industrial base official.
WASHINGTON, March 28- Lockheed Martin Corp has won a U.S. Army contract worth $611 million to build 92 missiles and 50 launcher modification kits, the company's first production contract for a new enhanced missile designed to upgrade the Patriot missile defense system.
WASHINGTON, March 27- The United States said on Thursday it imposed a ban this week on the issuance of licenses for the export of defense items and defense services to Russia in response to Russia's annexation of Crimea.