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Aerospace & Defense

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  • Lockheed beats Street 4Q forecasts Tuesday, 27 Jan 2015 | 8:12 AM ET

    BETHESDA, Md. _ Lockheed Martin Corp. on Tuesday reported fourth-quarter earnings of $904 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share. Analysts expected $11.87 billion, according to Zacks.

  • Dubai's airport operator released figures Tuesday showing that 70.5 million passengers streamed through the sparkling halls of Dubai International last year. Dubai Airports CEO Paul Griffiths predicts Dubai International will handle a record 79 million passengers this year as it offers "more flights connecting more people to more destinations."

  • Heathrow vs Dubai: Who's winning?  Tuesday, 27 Jan 2015 | 5:00 AM ET

    CNBC's Phil Han reports on which international airport is winning the race to see the most passengers pass through its gates - Heathrow or Dubai?

  • The new space race: SpaceX vs Boeing Monday, 26 Jan 2015 | 5:57 PM ET
    The SpaceX Dragon cargo craft is shown just prior to being released by the International Space Station’s robotic arm in this May 31, 2012 photo.

    NASA has asked Boeing and SpaceX to develop and operate space "taxis" that will cut out a dependence on Russia.

  • Jan 26- United Technologies Corp on Monday cut its full-year outlook because of the negative impact of a stronger dollar even as the U.S. conglomerate reported higher quarterly earnings on a rise in profit at its aerospace businesses. United Technologies said fourth-quarter net income rose 0.7 percent to $1.47 billion from the same period a year ago.

  • NASA offers a cheaper ticket to space Monday, 26 Jan 2015 | 4:34 PM ET

    NASA should save more than $12 million a seat flying astronauts on commercial space taxis rather than aboard Russian capsules.

  • In September, the National Aeronautics and Space Administration awarded contracts worth up to a combined $6.8 billion to Boeing and privately owned Space Exploration Technologies, or SpaceX, to fly crew to the station, a $100 billion research laboratory about 260 miles above Earth. NASA expects to pay an average of $58 million a seat when its astronauts begin...

  • CAPE CANAVERAL, Florida— NASA expects to save millions of dollars sending astronauts to the International Space Station, once its commercial crew program starts flying in a couple of years. SpaceX and Boeing said Monday that they are on track to carry out their first manned test flights to the space station in 2017. NASA chose the two private companies last...

  • Turkish Airlines and Airbus declined to comment. A senior executive at the airline said last week it was considering expanding its fleet and was studying a list of Airbus and Boeing models including the A380. Fast-growing Turkish Airlines has long been on Airbus's target list as a potential customer for the aircraft.

  • Aer Lingus bid: Hot topic for Ireland  Monday, 26 Jan 2015 | 4:45 AM ET

    AER Lingus is reviewing a third bid from IAG, worth 1.3 billion euros. CNBC's Catherine Boyle reports on the latest.

  • Unmanned drones could play key roles in food supply Monday, 26 Jan 2015 | 3:02 AM ET

    When it comes to drones, "your imagination can go pretty wild in terms of what would be possible," says Roger Johnson, president of the National Farmers Union. This month, the Federal Aviation Administration issued the first permit for agricultural use of unmanned aerial vehicles. Steven Edgar, president and CEO of ADAVSO, says his Idaho- based business will use a...

  • When it comes to drones, "your imagination can go pretty wild in terms of what would be possible," says Roger Johnson, president of the National Farmers Union. This month, the Federal Aviation Administration issued the first permit for agricultural use of unmanned aerial vehicles. Steven Edgar, president and CEO of ADAVSO, says his Idaho- based business will use a...

  • Honeywell profit marginally beats expectations Friday, 23 Jan 2015 | 9:23 AM ET

    Honeywell reported better-than-expected profit, on higher sales at its division that makes sensors, safety systems and air conditioning equipment.

  • Jan 23- Honeywell International Inc reported a better-than-expected quarterly profit, as an improving U.S. economy helped boost sales at the company's division that makes sensors, safety systems and airconditioning equipment. Sales in Honeywell's automation and control business increased 2.8 percent to $3.85 billion. Net income attributable to...

  • Northrop presses for more U.S. drone exports Wednesday, 21 Jan 2015 | 7:03 PM ET

    WASHINGTON, Jan 21- Northrop Grumman Corp Chief Executive Wes Bush on Wednesday lauded the U.S. government for approving exports of some unmanned aerial vehicles, or drones, and said more work was needed to keep up with technological advances in other countries. Bush said U.S. defense officials increasingly recognized the need to update U.S. policy given the...

  • NEW YORK, Jan 21- Boeing Co's two largest labor unions said on Wednesday they are working on a pair of legislative bills that would put conditions on $8.7 billion in tax credits that Washington state gave to Boeing and the state aerospace industry in 2013.. The tax credits were a condition of Boeing's decision to locate production of its 777 X jetliner in...

  • AirAsia plane crash ‘can’t be put into words’: CEO Wednesday, 21 Jan 2015 | 9:30 AM ET
    Tony Fernandez, CEO of AirAsia at 2015 WEF in Davos, Switzerland.

    AirAsia Group CEO Tony Fernandes tells CNBC he gave his cellphone number to relatives of victims because he wanted to help comfort the families.

  • United Tech appoints former Pratt chief to aerospace post Wednesday, 21 Jan 2015 | 9:09 AM ET

    HARTFORD, Conn.— United Technologies Corp. has brought its former president of jet engine subsidiary Pratt& Whitney out of retirement and appointed him to a new aerospace business position. He retired from Pratt& Whitney in 2014 and previously was president of aerospace parts maker Hamilton Sundstrand, a subsidiary that later became part of United...

  • Google leapfrogging cable?  Tuesday, 20 Jan 2015 | 11:01 AM ET

    Jon Steinberg, Daily Mail North America, and Re/code's managing editor Edmund Lee, discuss Google's investment in Elon Musk's SpaceX.

  • LONDON, Jan 20- Defense company BAE Systems said it had won a 112 million pound contract from the British Ministry of Defense to continue to provide services to ensure the readiness of the country's Eurofighter Typhoon jets. BAE Systems, Europe's largest defense company, said the contract extension of 15 months would help sustain 650 jobs at the country's Royal...

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.