*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.» Read More
WASHINGTON, Oct 23- The U.S. Navy said on Wednesday it issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar valued at $1.6 billion after Lockheed Martin Corp filed a protest of the contract award.
WASHINGTON, Oct 20- The U.S. Air Force has talked for years about attracting more companies to the military satellite business to stir competition and cut costs. Billions of dollars of new contracts are at stake, both for legacy satellite and rocket launch providers such as Lockheed Martin Corp and Boeing Co, and newcomers trying to break into the market.
BRASILIA, Oct 16- Brazil is pushing ahead with a planned $1 billion purchase of anti-aircraft missile batteries from Russia in a deal that will cement a strategic defense partnership between the two BRICS nations, the Brazilian Defense Ministry said on Wednesday.
*Defence Ministry to look into complaint. India has emerged as the world's biggest arms importer as it tries to update archaic weapons systems to keep up with neighbours China and Pakistan in a $100 billion modernisation drive.
Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.
WASHINGTON, Sept 28- The United States said on Saturday it had expressed serious concerns to Turkey over its decision to co-produce a long-range air and missile defense system with a Chinese firm under U.S. sanctions.
Four missile systems- American Patriot, Russian S-400, French-Italian Eurosam Samp-T and the winner Chinese FD-2000- were in the running for the Turkish project, worth approximately $4 billion. Defence Minister Ismet Yilmaz's statement also said a contract to produce six corvette ships by Koc Holding, Turkey's biggest conglomerate, had been cancelled.
The Pentagon said it had finalized a contract worth nearly $4 billion with Lockheed Martin to supply missile equipment to the US and the UAE.
WASHINGTON, Sept 20- The Pentagon said on Friday it has finalized a contract worth $4 billion with Lockheed Martin Corp to supply equipment for a missile defense system to the United States and the United Arab Emirates.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.
General Mark Welsh, the top uniformed officer in the Air Force, told industry executives at the Air Force conference this week that mounting budget pressures meant they had to "break the price curve" that has sent the cost of weapons systems skyrocketing over the past decades.
Big spending cuts by the Pentagon may not be enough to meet the reductions mandated by the sequestration.
One of the few things defense experts agree on about Syria is that any military strike will involve Tomahawk cruise missiles made by Raytheon.
U.S. military and national security advisers huddled with President Barack Obama at the White House on Saturday to consider options for responding to the alleged use of chemical weapons by the Syrian government this week.
Bloodshed on the streets of Egypt is delaying completion of a lucrative deal to sell Lockheed Martin F-16s to the troubled U.S. ally.
Despite sequestration concerns, the defense industry has developed strategies which are attracting some investors. Carter Copeland, Barclays analyst, has the plays.
The upward momentum in defense contractor stocks, and two names in particular, may have run out, Carter Braxton Worth of Oppenheimer says.
CNBC's Hampton Pearson reports on signs showing the sequester is having an impact on private sector defense jobs. Sources saw a slowdown in defense job growth beginning in the Spring.
Lockheed Martin shares hit a new 52-week high, reports CNBC's Jane Wells. The sequester is not impacting the defense contractor's cash cow.
When Edward Snowden leaked details of a huge government surveillance programs, it presented not just a security debate for the U.S., but a public relations problem for Booz Allen.