KITTERY, Maine— Portsmouth Naval Shipyard is hiring more than 700 workers to deal with an increase in work as the Navy aims to reduce maintenance delays, particularly on nuclear submarines, officials say. The Navy is also hiring at its three other public shipyards, with about 1,520 workers at Norfolk Naval Shipyard, about 850 at Puget Sound Naval Shipyard and...» Read More
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.
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.
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.
The U.S. defense secretary, has opened the door to more weapons sales to the Gulf states, as Washington seeks to convince allies of its commitment to the Iran nuclear talks. The Financial Times reports.
Defense contractor Lockheed Martin said it plans to cut 4,000 jobs, or more than 3 percent of its workforce, to cope with declines in U.S. spending.
Due to the uncertainties in Washington, it is a difficult time for the defense business, says Linda Hudson, Bae Systems CEO. She says 1,200 workers were out of work due to the shutdown and shifting Bae System's portfolio into military equipment and high tech electronics.
Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.
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.