PORTLAND, Ore.— A new indictment accuses a Coos Bay, Ore., defense contractor of defrauding the military of $10.5 million by supplying phony truck and helicopter parts. The indictment was filed last week in U.S. District Court in Portland against Harold Ray Bettencourt, his company, Kustom Products Inc., and several family members and other employees.» Read More
PARIS, April 23- France's Safran rattled investors with first-quarter aerospace revenue hampered by pressures ranging from delayed deliveries of defence equipment to weaker helicopter sales and cold weather in North America. But its shares fell as much as 3.6 percent, leading France's blue-chip CAC 40 index lower.
Investors need to get bullish on the aerospace industry as "the strongest part of the world economy," CNBC's Jim Cramer says.
Four Seasons has a new weapon in the luxury travel wars: its own Boeing 757.
The airlines are flush with cash, and that means good things for the aerospace industry, CNBC's Jim Cramer said on Wednesday.
HARTFORD, Conn.— An Ovation guitar factory in the western Connecticut hills that produced instruments for music legends from Paul Simon to Cat Stevens to Glen Campbell will be closing in June after 47 years and production of the Ovation line in the United States will stop, the manufacturer's parent company told the shop's 46 workers this week.
PARIS, April 23- France's Safran posted a 3.3 percent rise in first-quarter revenue and confirmed its outlook for 2014 despite industry concerns over the strength of the euro, but its shares dropped amid worries over the key services market.
SYDNEY/ WASHINGTON, April 23- Australia will order 58 more F-35 fighter jets built by Lockheed Martin Corp for A $12.4 billion, Prime Minister Tony Abbott said on Wednesday, a purchase that will raise its air combat power to among the world's most advanced.
SYDNEY/ WASHINGTON, April 23- Australia will announce plans on Wednesday to order 58 more F-35 fighter jets built by Lockheed Martin Corp for A $12 billion, sources in Washington and Canberra told Reuters.
Surveillance video at two airports shows how a teenaged boy managed to stow away in the wheel well of a flight from California to Hawaii. NBC News.
PALMDALE, Calif.— Boeing Co. will pay $47 million to hundreds of current and former Southern California employees who are owed back pay and benefits, a union announced Friday.
SAN DIEGO— U.S. Customs and Border Protection said Thursday that it has reached agreement with an investor group to clear the way for construction of the nation's first cross-border airport terminal connecting San Diego and Tijuana, Mexico.
SAN DIEGO— A fourth member of the U.S. Navy has been charged with conspiracy to commit bribery in a multimillion-dollar scheme involving a Singapore- based defense contractor accused of providing cash, vacations, electronics and prostitutes in exchange for classified information.
WASHINGTON, April 17- The Pentagon on Thursday forecast the cost of developing and buying Lockheed Martin Corp's F-35 fighter jet at $398.6 billion, up 2 percent from last year, but said the projected cost to operate and maintain the jets was down about 9 percent.
DUBAI, United Arab Emirates— Abu Dhabi's Mubadala state investment company says profits last year tripled to roughly $395 million on the back of a strong performance from international investments. Mubadala's mandate is to diversify Abu Dhabi's oil-rich economy.
WASHINGTON, April 16- The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July to take part in two international air shows near London, U.S. and British officials said Wednesday.
CAPE CANAVERAL, Fla.— SpaceX is shooting for another launch attempt Friday to deliver supplies to the International Space Station. NASA confirmed the launch date Wednesday, two days after a last-minute rocket leak delayed the mission. The prime computer has been working fine, but NASA wants to get a new backup installed outside the station as soon as possible.
MILAN— Investors signaled concern Tuesday at a change of leadership at the scandal-plagued Finmeccanica defense contractor as part of sweeping management changes announced by Italian Premier Matteo Renzi at four strategic state-backed firms.
CAPE CANAVERAL, Fla., April 14- Privately owned Space Exploration Technologies canceled its planned cargo run to the International Space Station on Monday after a helium leak was found in its rocket's first stage, NASA said. The next opportunity for the Falcon 9 to fly is 3:25 p.m. on Friday if the problem can be resolved, NASA said in a statement.
KIEV/ MOSCOW, April 11- Russian President Vladimir Putin tried to ease European fears of gas supply cuts on Friday after Brussels said it would stand with the new authorities in Kiev if the Kremlin carries out a threat to turn off the tap to Ukraine.
CAPE CANAVERAL, Fla., April 10- A NASA mission to pluck samples from a distant asteroid and return them to Earth passed a major technical review, clearing engineers to begin building the robotic spacecraft, officials said on Thursday.
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.