KITTERY, Maine— The Navy says it has received more than one proposal in its latest attempt to enlist the private sector to redevelop the Portsmouth Naval Shipyard's shuttered prison. The Navy is trying for a third time to breathe life into the fortress-like structure that has priceless views of the Atlantic Ocean but also needs millions of dollars of repairs.» Read More
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.
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.
The Department of Justice says an investigation into the NSA leaks is underway, reports CNBC's Eamon Javers. CNBC's Herb Greenberg, provides perspective on Booz Allen Hamilton's competitors.
Booz Allen Hamilton is deeply intertwined with the intelligence community, reports CNBC's Eamon Javers. A look at just how much the intelligence community outsources to private companies.
As American defense companies prepare to feel the ill effects of the sequester on their bottom lines, the companies are increasingly looking to court new customers abroad.
Warnings of massive job layoffs and another recession were all the talk when sequestration began in March. But so far the impact of government cutbacks seems a lot less than was predicted.