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Aerospace & Defense

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  • British Police Arrest Two Men on Pakistan Flight Friday, 24 May 2013 | 11:29 AM ET
    Passengers disembark from Pakistan International Airlines flight PK709 bound for Manchester from Lahore, Pakistan, after it was diverted to Stansted Airport, north of London, England, Friday May 24, 2013

    British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft".

  • *Boeing offer lacked interim aircraft the airline needed- CEO. COLOMBO, May 24- Loss-making national carrier Sri Lankan Airlines has signed a provisional deal with Airbus worth $1.3 billion to buy six A330-300 and four A350-900 aircraft between 2014 and 2023 to replace ageing aircraft, the state-run firm's CEO told Reuters.

  • NASA investing in 3-D food printer for astronauts Wednesday, 22 May 2013 | 6:48 PM ET

    *Texas firm wins NASA study contract. With support from NASA, the firm, Systems and Materials Research Corp of Austin, intends to design, build and test a food printer that can work in space. "The 3- D printing system will provide hot and quick food in addition to personalized nutrition, flavor and taste," the company wrote in its proposal to NASA.

  • Kerry hails tentative Raytheon arms sale to Oman Wednesday, 22 May 2013 | 3:49 AM ET

    Secretary of State John Kerry hailed on Wednesday what U.S. officials said was an estimated $2.1 billion deal for Oman to buy a ground-based air defence system from U.S. defense contractor Raytheon Co..

  • The Business of Space  Tuesday, 21 May 2013 | 1:50 AM ET

    CNBC's Tom MacKenzie reports on the appointment of the first ever British astronaut, Major Tim Peake, selected from over 8,000 applicants for a five-month mission in 2015.

  • This UK Industry Is 'Out of This World'  Monday, 20 May 2013 | 7:51 PM ET

    The space business in the United Kingdom is growing fast - The country's first official astronaut has been picked for a stint on the International Space Station. Tom Mackenzie reports.

  • Northrop Grumman adds $4B to stock repurchase Thursday, 16 May 2013 | 5:44 PM ET

    FALLS CHURCH, Va.-- Defense contractor Northrop Grumman Corp. said Thursday that its board approved the repurchase of another $4 billion in stock, and it plans to buy back a quarter of its outstanding shares by the end of 2015.. Northrop Grumman had 235.2 million shares as of April 19.

  • Groupon and Zynga shares up on Jana's investment Wednesday, 15 May 2013 | 2:11 PM ET

    Shares of Zynga Inc. and Groupon Inc. jumped Wednesday after activist shareholder Jana Partners disclosed that it has claimed a stake in both. THE BIG PICTURE: Zynga and Groupon have struggled with changing business models since going public less than 2 years ago, and their stock price has suffered, making the potential for change more appealing to investors.

  • Dreamliners Coming Back After 4-Month Grounding Tuesday, 14 May 2013 | 6:39 PM ET

    Following the Dreamliner's grounding on safety issues, the delivery of the first jet with a new battery system marks a turning point in Boeing's 787 crisis.

  • FAA Cancels Air Traffic Control Tower Closure Plan Friday, 10 May 2013 | 4:55 PM ET

    The FAA on Friday canceled budget-driven plans to close 149 air traffic control towers at smaller U.S. airports.

  • Albaugh, 62, retired from Boeing in October. In a 37- year career there, he also headed Boeing's defense and space businesses before moving to commercial airplanes.

  • *Adjusted net income $156 mln vs $150 mln year earlier. *Free cash flow usage $590 mln vs $695 mln a year earlier. May 9- Bombardier Inc said its CSeries jetliner was on track to make its first flight in June, and the world's No. 4 commercial aircraft maker reported a 25 percent jump in first-quarter revenue on robust growth at its aerospace unit.

  • *Adjusted net income $156 mln vs $150 mln year earlier. May 9- Bombardier Inc said on Thursday its CSeries jetliner was on track to make its first flight in June, and the world's No. 4 commercial aircraft maker reported a 4 percent rise in first-quarter adjusted profit.

  • May 9- Bombardier Inc, the world's No. 4 commercial aircraft maker, said on Thursday its CSeries jetliner was on track to make its first flight in June, and reported a 4 percent rise in first-quarter adjusted profit.

  • *Army decision closely watched by industry. Industry executives say they hope to hear more in June or July, but their hopes for a new acquisition program- one of few on the horizon- have dimmed given disparaging comments by top Army officials in recent weeks about flight demonstrations of some possible "off-the-shelf" helicopters last year.

  • Paint job but no 'rollout' party for newest Airbus jet Wednesday, 8 May 2013 | 11:46 AM ET

    LONDON, May 8- Airbus has started painting the A350, a sign it is approaching a maiden flight, but has bowed to the industry's increasingly pragmatic mood by deciding against a traditional "rollout" for its newest jet.

  • WASHINGTON, May 7- Deputy Defense Secretary Ashton Carter on Tuesday said the U.S. military had launched a "long overdue" effort to safeguard U.S. national security satellites and develop ways to counter the space capabilities of potential adversaries.

  • *Prime minister convinced defence minister to change mind* Ministries to be blocked until government quits- gunmen* Law banning ex-Gaddafi officials could cripple government By Ghaith Shennib and Jessica Donati.

  • May 7- FLYHT Aerospace Solutions Ltd:. *Q1 revenue rose 54 percent to $1.7 million. *Source text for Eikon* Further company coverage.

  • *Army chief could also resign on Tuesday- PM source. TRIPOLI, May 7- Libya's defence minister resigned on Tuesday in protest at a siege by gunmen of two government ministries, a stark sign of the young democracy's weakness two years after the revolution that overthrew dictator Muammar Gaddafi.

Defense Contractors

  • *Pentagon, Lockheed said nearing deal for more jets. NEW YORK, Nov 29- The U.S. Air Force affirmed on Thursday its plans to buy 1,763 F-35 fighter jets built by Lockheed Martin Corp in coming years, as Lockheed and the government neared agreement on a multi-billion dollar contract for a fifth batch of planes.

  • The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.

  • A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.