The Pentagon has decided not to send Lockheed Martin F-35 fighters to a UK air show amid mechanical problems with the weapons project.» Read More
WARSAW/ WASHINGTON, March 20- Poland has decided to speed up its tender for a missile defence system, a defence ministry spokesman said on Thursday, in a sign of Warsaw's disquiet over the tension between neighbouring Ukraine and Russia.
*Air force chief denies saying plane tracked to Malacca Strait. KUALA LUMPUR, March 12- Malaysia's air force chief has denied saying military radar tracked a missing Malaysia Airlines jetliner over the Strait of Malacca, adding to the mystery surrounding the fate of flight MH370, which vanished on Saturday with 239 people aboard.
WASHINGTON, March 11- Top U.S. defense officials are bracing for a brutal season of budget negotiations, warning U.S. lawmakers that the U.S. military will gradually become unable to respond to emerging crises if Congress blocks the Pentagon's plans to cut military compensation, close bases and retire entire fleets of aircraft.
WASHINGTON, March 11- The U.S. Air Force is "holding tight" to a target of $550 million for each new long-range bomber in a fleet of up to 100 aircraft, excluding research and development costs, an Air Force official said on Tuesday. The Air Force planned to spend nearly $12 billion on the bomber program over the next five years, said spokesman Ed Gulick.
KUALA LUMPUR, March 11- Malaysia's military believes it tracked a missing jetliner by radar over the Strait of Malacca, far from where it last made contact with civilian air traffic control off the country's east coast, a military source told Reuters. It made it into the Malacca Strait, "the military official, who has been briefed on investigations, told Reuters.
WASHINGTON, March 6- The U.S. Navy plans to add 22 Boeing electronic attack jets to a list of "unfunded" priorities requested by Congress, but the document must still be vetted by senior Pentagon officials, who have underscored their commitment to Lockheed Martin Corp's next-generation F-35 fighter jet, sources familiar with the matter told Reuters.
WASHINGTON, March 4- The U.S. Air Force decided on Tuesday to start work on a new rescue helicopter by United Technologies Corp's Sikorsky Aircraft in fiscal 2015, a surprising turnaround hours after the Pentagon told Congress the program had been postponed.
The Ukraine crisis is a reminder that defense sector stocks can be a strong defensive play. Consider the strong outlook for Lockheed Martin.
President Obama is expected to release his full year 2015 budget on Tuesday. CNBC's Jane Wells reports defense stocks were up on a down market day today.
The U.S. spent more than $600 billion on its military forces in 2012, the latest figures available. Here's a look at where the money went.
HUNTSVILLE, Alabama, Feb 21- The Pentagon is committed to early design work on a new aircraft that will replace thousands of helicopters now used by the U.S. military, its first "clean sheet design" program in years, the Army official heading the effort said on Friday.
Chris Tinker, founder of Libra Investment Services, says the falloff in BAE Systems' stock after a profit warning is overdone, because the U.S.'s defense cutbacks are old news.
OTTAWA/ WASHINGTON, Feb 14- U.S. weapons maker General Dynamics Corp has won a contract worth up to $13 billion for its Canadian division to build light-armored vehicles for Saudi Arabia, in what Ottawa said was the largest advanced manufacturing export win in Canadian history.
WASHINGTON, Feb 13- Boeing Co is mounting a last-ditch campaign to convince U.S. lawmakers to buy more fighter jets and stave off a shutdown of a St. Louis production line after the U.S. Navy failed to fund the jets.
CNBC's Josh Lipton reports how drone restrictions are impacting U.S. drone makers.
CNBC's Dominic Chu looks at earnings from defense companies Lockheed Martin and General Dynamics, and previews the defense earnings calendar for next week.
The U.S. is investigating export and import procedures at Honeywell after the firm included Chinese parts in equipment it built for the F-35 jet.
The Pentagon waived laws banning Chinese-built components on US weapons to keep the F-35 fighter program on track in 2012 and 2013, a report said.
Former security contractor Edward Snowden's leaks did not hurt business at his former employer, Booz Allen Hamilton's CEO told CNBC on Thursday.
CNBC's Jane Wells shares her predictions for the defense industry in 2014 and weighs in how international sales impact Lockheed's bottom line.