Aerospace & Defense


  • Prime Minister Narendra Modi announced last week that India would buy 36 French Rafale jets for an estimated $4.3 billion, in effect ending talks on a larger deal for 126 planes that would have sucked up some $20 billion and locked rivals out of the market for a generation. Saab was proposing to establish "fully-fledged production" of the Gripen in India...

  • Airbus plans exceptional 10 pct buyback, new legal status Wednesday, 15 Apr 2015 | 5:23 PM ET

    PARIS, April 15- Airbus Group will ask shareholders to approve an exceptional share buyback of up to 10 percent of its capital at its annual meeting on May 27, the aerospace group said on Wednesday. Airbus is also pressing ahead with previously announced plans to adopt " European Company" status. Holding company Airbus Group N.V. would be renamed Airbus Group SE and...

  • SpaceX launches rocket, but booster fails landing   Wednesday, 15 Apr 2015 | 8:02 AM ET
    SpaceX launches rocket, but booster fails landing

    SpaceX successfully launched an unmanned rocket carrying 4,000 pounds of food, equipment and an espresso machine, expected to arrive at the ISS on Friday. The booster rocket failed to land on the drone barge.

  • SpaceX reusable rocket makes unsuccessful landing Tuesday, 14 Apr 2015 | 4:55 PM ET
    The SpaceX Falcon 9 rocket with Dragon lifts off from launch pad 40 at the Cape Canaveral Air Force Station in Cape Canaveral, Florida April 14, 2015.

    SpaceX launched a Falcon 9 Tuesday afternoon, but failed in another attempt to cleanly land the rocket on a platform out at sea.

  • UK scrambles jets as Russian bombers near airspace Tuesday, 14 Apr 2015 | 11:55 AM ET
    A Royal Air Force Eurofighter Typhoon jet

    Britain scrambled Typhoon fighter jets to intercept two Russian long-range bombers near UK airspace, the Ministry of Defense said.

  • SpaceX aims to recover rocket   Monday, 13 Apr 2015 | 4:32 PM ET
    SpaceX aims to recover rocket

    If SpaceX can recover a rocker after its launch it could significantly drive down the cost of launches, reports CNBC's Jane Wells.

  • Ex-Indian Fin Min: Fighter jet deal not an issue   Sunday, 12 Apr 2015 | 6:31 PM ET
    Ex-Indian Fin Min: Fighter jet deal not an issue

    Palaniappan Chidambaram, former finance ministers of India, says India's government budget can accommodate the purchase of 36 Rafale fighter-bombers from France's Dassault Aviation.

  • SAO PAULO, April 10- Russian state company Rostec could use equipment from Brazilian defense contractor Mectron in the YAK-130 jet trainer, a senior executive told Reuters, as Russia turns to Latin America to offset sanctions imposed by the West over the crisis in Ukraine. The statement by Sergei Goreslavsky, deputy head of Rostec unit Rosoboronexport, is the...

  • NAGOYA, Japan— At a tightly guarded factory in central Japan, Mitsubishi, a maker of the Zero fighter planes of World War II, is launching its MRJ regional jet and aiming to fulfill Japan's long-cherished ambitions to regain status as a major aviation power. Nobuo Kishi, a vice president of Mitsubishi Aircraft Corp., said the latest delay could speed things along...

  • This Dow stock could hit record highs soon: Trader Thursday, 9 Apr 2015 | 1:36 PM ET
    A Boeing ground test crew member examines a Boeing 787 Dreamliner.

    Todd Gordon of Tradinganalysis.com explains why the Boeing charts are setting the stage for new highs.

  • TORONTO, April 9- Canadian plane and train maker Bombardier Inc made the latest in a series of management shuffles on Thursday, saying commercial aircraft president Mike Arcamone, who has overseen the troubled CSeries jet program, will leave the company. Fred Cromer, former president of aircraft leasing company International Lease Finance Corp, replaces...

  • NEW YORK— U.S. stocks edged higher Thursday, led by gains for energy companies as the price of oil stabilized following a big drop the day before. Drugstore chain Walgreens climbed after reporting earnings that surpassed the expectations of Wall Street analysts. Alcoa and Bed, Bath& Beyond dropped after delivering earnings reports that disappointed investors.

  • CHICAGO, April 8- Alcoa Inc earned a profit in the first quarter after a year-earlier loss, reflecting its ongoing shift from traditional smelting and refining to value-added businesses such as automotive and aerospace, the aluminum producer said on Wednesday. The company's earnings, excluding restructuring costs, beat market expectations but its revenue...

  • CHICAGO, April 8- Metals company Alcoa Inc kicked off the first-quarter earnings season on Wednesday, reporting a profit after a year-earlier loss, as revenue rose primarily in its automotive and aerospace businesses. The company's earnings, excluding restructuring costs, beat market expectations but its revenue lagged analysts' estimates, sending Alcoa...

  • Alcoa swings to 1st-quarter profit as revenue rises Wednesday, 8 Apr 2015 | 4:18 PM ET

    CHICAGO, April 8- Metals company Alcoa Inc kicked off the first-quarter earnings season on Wednesday, reporting that it swung to a quarterly profit on a jump in revenue, primarily in its value-added automotive and aerospace businesses. The New York- based company posted first-quarter net income of $195 million, or 14 cents per share, compared with a loss of $178...

  • Alcoa beats 1Q profit forecasts but revenue falls short Wednesday, 8 Apr 2015 | 4:13 PM ET

    DALLAS— Alcoa Inc. posted a first-quarter profit that beat Wall Street expectations but its revenue fell short as it continues to transform itself into a supplier for the auto and aerospace industries. Alcoa was helped by aluminum prices that were 10 percent higher than a year ago, although down from the fourth quarter of 2014. It said growth was mostly driven...

  • The commission said two employees in FLIR's Dubai office gave luxury watches to five officials with the Saudi Arabia Ministry of Interior in 2009. The company also arranged travel for Saudi officials, including a 20- night trip with stops in Beirut, Casablanca, Dubai, New York and Paris. "FLIR's deficient financial controls failed to identify and stop the...

  • FLIR Systems to settle U.S. SEC bribery charges Wednesday, 8 Apr 2015 | 11:17 AM ET

    WASHINGTON, April 8- Defense contractor FLIR Systems Inc will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S. regulators said Wednesday. The Securities and Exchange Commission said that the Oregon- based company self-reported the...

  • April 8- A retired U.S. Army colonel has agreed to plead guilty to negotiating a job with financier Lynn Tilton's private equity firm while also taking steps to ensure a helicopter company that did business with the Department of Defense got paid faster. Court papers do not identify by name the helicopter company, MD Helicopters in Mesa, Arizona, or Patriarch...

  • Russian atomic submarine catches fire in shipyard Tuesday, 7 Apr 2015 | 8:51 AM ET
    Map of Arkhangelsk, Russia

    A Russian nuclear submarine has caught fire in a shipyard in Russia's northern province of Arkhangelsk, Russian news agencies reported.

Defense Contractors

  • Troublesome Liaisons of the Business World

    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.

  • Petraeus Scandal Widens

    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.

  • Is the Defense Sector the New 'Girls Club?'

    CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.