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  • WASHINGTON, Jan 8- Facing tight budgets and a shrinking military, the United States said on Thursday it was ending operations at an air base in Britain and handing it and 14 other sites in Europe back to their home governments. In the biggest one, the Pentagon said it would leave RAF Mildenhall northeast of London, home to tanker, reconnaissance and special...

  • WASHINGTON, Dec 23- BAE Systems has won a contract worth up to $1.2 billion to build a new type of armored vehicle for the U.S. Army, the company and Army officials said on Tuesday. "The AMPV capitalizes on proven Bradley and M109A7 designs, meeting the Army's force protection and all-terrain mobility requirements while enabling the AMPV to maneuver with the rest of...

  • WASHINGTON, Dec 22- The Pentagon's internal watchdog on Monday questioned whether the U.S. government is paying United Technologies Corp too much to maintain the F117 engines that power Boeing Co's C-17 cargo plane, and it urged greater oversight. The Pentagon's inspector general faulted the Air Force for buying $1.54 billion worth of maintenance and repair...

  • WASHINGTON, Dec 16- Northrop Grumman Corp has won a $657.4 million contract from the U.S. Air Force to provide South Korea with four RQ-4 Global Hawk unmanned surveillance aircraft, the company and the Defense Department said on Tuesday. The contract, which includes two spare engines and ground control components, "will provide critically needed wide-area...

  • PALMDALE, Calif., Dec 10- Lockheed Martin Corp's Skunk Works was the driving force behind development of many well-known U.S. military aircraft, including the famed "Blackbird" or SR-71 spy plane that could fly from New York to Los Angeles in just over an hour. *While focused mainly on aircraft, it has developed other weapons, including the Joint Air- to-Surface...

  • Meet Lockheed Martin's fleet of firefighting drones   Thursday, 20 Nov 2014 | 9:00 AM ET
    Meet Lockheed Martin's fleet of firefighting drones

    Lockheed Martin wants to use its unmanned helicopter--the K-Max--as a firefighting tool. Check out the drone in action in video courtesy of Lockheed.

  • ABOARD THE USS NIMITZ, Nov 13- The U.S. Navy version of Lockheed Martin Corp's F-35 fighter jet made its first night flight off an aircraft carrier on Thursday as it neared the end of two weeks of sea-based testing aboard the USS Nimitz, Navy and Pentagon officials said. Two F-35 C-model jets on board the carrier have already met 95 percent of the requirements for the...

  • 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
    ISIS ISIL Iraq

    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...

  • 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.

  • 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.

  • 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
    Rise of robot military

    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
    The next 25 years in defense

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