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Aerospace & Defense

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  • Lockheed Martin pays $27.5M in billing allegation Friday, 19 Dec 2014 | 6:31 PM ET

    NEWARK, N.J.— A subsidiary of defense contractor Lockheed Martin has agreed to pay $27.5 million to resolve allegations that it overbilled the government, federal prosecutors announced Friday. A message seeking comment left with Lockheed Martin wasn't immediately returned. The work was done at Fort Monmouth in New Jersey, and the Aberdeen Proving Ground in...

  • SEATTLE, Dec 19- Boeing Co has more than enough 787 Dreamliners in the production pipeline to meet its year-end delivery target of 110 aircraft, despite concerns a shortage of seats could cause the world's biggest aircraft maker to miss its target, according to industry experts and a Reuters review of its factory. A Reuters survey of jets in production at...

  • U.S. dismisses new EU claims on Boeing tax breaks Friday, 19 Dec 2014 | 2:50 PM ET

    WASHINGTON, Dec 19- A new European complaint about tax breaks for aircraft manufacturer Boeing "lack any foundation," and show the European Union is not serious about resolving the long-running dispute, a senior official from the U.S. Trade Representative's office said on Friday. "Based on the request filed today, we think the EU's new claims lack any foundation,"...

  • Airlines cued up for Cuba: Former airline CEO Thursday, 18 Dec 2014 | 12:02 PM ET
    Robert Crandall

    If the Cuba embargo is lifted, former American Airlines CEO Bob Crandall sees frequent flights to the island by several carriers.

  • Portsmouth Naval Shipyard hiring 715 workers Thursday, 18 Dec 2014 | 9:37 AM ET

    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...

  • Q&A: Drones might help show how tornados form Thursday, 18 Dec 2014 | 12:26 AM ET

    DENVER— Researchers say they've collected promising weather data by flying instrument-laden drones into big Western and Midwestern storms. The University of Colorado and University of Nebraska announced this week they have formed the Unmanned Aircraft System and Severe Storms Research Group to develop the program. Drones can take measurements at any...

  • PARIS, Dec 17- A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said. But Tuesday's announcement also includes a nod towards national sensitivities, while not letting...

  • WASHINGTON, Dec 16- Northrop Grumman Corp has won a $657.4 million contract from the U.S. Air Force to provide South Korea with four RQ-4 Global Hawk unmanned surveillance aircraft, the company and the Defense Department said on Tuesday. The contract, which includes two spare engines and ground control components, "will provide critically needed wide-area...

  • Boeing 737 factory to move to clean energy Tuesday, 16 Dec 2014 | 1:09 PM ET

    RENTON, Wash.— Boeing said Tuesday it plans to buy renewable energy credits to replace fossil-fuel power at the factory in Washington state where it assembles its 737 commercial airplanes. Boeing Co. says it will offset electricity from coal and other fuels by paying a premium to buy wind power credits tied to the Bellevue- based utility's Wild Horse Wind and...

  • Boeing boosts buyback to $12B, lifts dividend 25% Tuesday, 16 Dec 2014 | 6:49 AM ET
    An interior onboard a Boeing Business Jet.

    Boeing raised its share repurchase plan to $12 billion and said it would increase its quarterly dividend by 25 percent.

  • Defense, tourism among winners in spending bill Tuesday, 16 Dec 2014 | 2:04 AM ET

    WASHINGTON— A Michigan boot-maker, potato farmers and more than 1,200 contractors that supply parts for a next-generation fighter plane are among the many winners in the $1.1 trillion omnibus spending bill passed by Congress. The travel and tourism industry won a six-year renewal of the Corporation for Travel Promotion, or Brand USA, to promote tourism in the...

  • Boeing ups buyback plan to $12B; raises dividend Monday, 15 Dec 2014 | 5:34 PM ET

    CHICAGO— Boeing said Monday that it is increasing its quarterly dividend and increasing its stock buyback plan to $12 billion. It bought $6 billion worth of shares in 2014. Boeing expects to buy back the stock under the new program over the next two to three years. Shares of The Boeing Co. increased $1.31 to close at $122.08 Monday, but have dropped 11 percent this...

  • Schumer: Investigate expensive airplane tickets Monday, 15 Dec 2014 | 12:29 PM ET
    Sen. Charles Schumer

    Sen. Charles Schumer is calling for federal investigations of high airfares, questioning why they're not dropping along with fuel costs.

  • Alcoa buying Tital to help expand aerospace unit Monday, 15 Dec 2014 | 10:17 AM ET

    NEW YORK— Alcoa is buying a Germany titanium and aluminum structural castings company, Tital, to help expand its global aerospace business. Alcoa, which is based in New York with key operations in Pittsburgh, has been shifting from mining and smelting aluminum to making products that can be shaped into parts for autos and airplanes. Alcoa Inc. also said that...

  • Alcoa's big aerospace bet  Monday, 15 Dec 2014 | 9:40 AM ET

    CNBC's Jim Cramer speaks to Klaus Kleinfeld, Alcoa chairman & CEO, about the company's purchase of Germany based TITAL and further expansion into aerospace.

  • UPDATE 1-Honeywell gives muted 2015 revenue forecast Monday, 15 Dec 2014 | 8:53 AM ET

    Dec 15- Honeywell International Inc, a maker of aircraft parts and electronic equipment, forecast lower-than-expected sales for the next year, citing slow global economic growth. Honeywell said it expects sales of $40.5 billion- $41.1 billion and a profit of $5.95- $6.15 per share for 2015. The company reaffirmed its 2014 profit forecast.

  • SeaWorld and Adobe are big market movers Friday, 12 Dec 2014 | 4:36 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. SeaWorld Entertainment Inc., down 32 cents to $15.77. Esterline Technologies Corp., down $13.90 to $103.63.

  • NEW YORK, Dec 12- Americans shopping for toy remote-controlled airplanes or helicopters may find, sometime in the near future, that they come with unexpected accessories: A raft of new regulations. The Federal Aviation Administration, by the end of the month, is expected to propose new rules governing small unmanned aircraft systems, the first major overhaul of...

  • London airspace recovers from failure: Eurocontrol Friday, 12 Dec 2014 | 12:55 PM ET
    An airliner comes in to land at Heathrow Airport in London, Aug. 11, 2014.

    The London airspace is recovering from a computer failure that caused a brief closure of the airspace, Eurocontrol said on Friday.

  • Lockheed's new headache  Wednesday, 10 Dec 2014 | 1:10 PM ET
    F35-A fighter jet

    CNBC's Jane Wells reports on the latest problems surrounding Lockheed's F-35 fighter jet.

Defense Contractors

  • 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.

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