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Aerospace & Defense

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  • Airbus to open new innovation centre in Silicon Valley Wednesday, 27 May 2015 | 10:37 AM ET

    PARIS, May 27- European planemaker Airbus plans to open an' innovation centre' in Silicon Valley, Chief Executive Tom Enders said on Wednesday. We have also decided to open a new innovation centre in Silicon Valley, "Enders told a shareholder meeting. Enders was quoted after visiting Silicon Valley last year that the aerospace industry must work more closely with...

  • Poland says Airbus utility helicopter passed army tests Wednesday, 27 May 2015 | 5:08 AM ET

    POWIDZ Air Base, Poland, May 27- The Airbus utility helicopter, preliminarily selected by Poland in a $3 billion tender, has passed army tests, a prerequisite for opening formal negotiations for the purchase, the Polish army said on Wednesday. "The presented helicopter has met the requirements set by the armed forces as well as those described by the producer,"...

  • Labor secretary checks out training programs at shipyards Wednesday, 27 May 2015 | 3:51 AM ET

    Perez visited Maine for a firsthand look at an apprentice program at Portsmouth Naval Shipyard, a public shipyard, and a training center at Bath Iron Works, a private defense contractor. Susan Collins, who extended the invitation to Perez to come to Maine, joined Perez on visits to Bath and Kittery. "We have a very important workforce imperative to make sure the next...

  • Airbus faces tensions over Spanish board appointment Wednesday, 27 May 2015 | 3:16 AM ET

    AMSTERDAM, May 27- Airbus Group faces a tussle with the Spanish government over the choice of a new board member at its annual shareholder meeting on Wednesday, in a new test of efforts by Europe's largest aerospace company to assert political independence. Airbus Group, whose shareholders include the Spanish, French and German governments, will ask...

  • Behind the rise in Asia's military spending   Tuesday, 26 May 2015 | 8:45 PM ET
    Behind the rise in Asia's military spending

    Asia's defense market is seeing significant growth of 6-7 percent on-year due to a rise in geopolitical tensions, says Mark Burgess, senior customer business director, Asia Pacific, Defense & Space at Honeywell Aerospace.

  • Sinkhole closes runway at big transit hub Tuesday, 26 May 2015 | 12:26 PM ET
    Delays and cancellations at DFW Airport on the first day of FAA furloughs were minimal, but the ripple effect from other airports nationwide could affect operations.

    A sinkhole has closed a runway at Dallas/Fort Worth International Airport, which may delay flights at one of the busiest airports.

  • UPDATE 1-Sinkhole closes runway at DFW airport Tuesday, 26 May 2015 | 11:12 AM ET

    May 26- A sinkhole has closed a runway at Dallas/Fort Worth International Airport, which may delay flights at one of the largest transit hubs in the United States. American Airlines Group Inc, which operates more flights from the airport than any other airline, has seen "no operational impact," according to spokesman David Magaña. The U.S. Federal Aviation...

  • Supreme Court sides with KBR in false claims dispute Tuesday, 26 May 2015 | 10:47 AM ET

    WASHINGTON— The Supreme Court has ruled in favor of defense contractor KBR Inc. in a whistleblower lawsuit over claims that the company overbilled the government for work in Iraq. The justices ruled unanimously Tuesday that former KBR employee Benjamin Carter waited too long to file a suit alleging that the company had fraudulently billed the government...

  • We're not starting long-haul flights: Ryanair   Tuesday, 26 May 2015 | 1:30 AM ET
    We're not starting long-haul flights: Ryanair

    Neil Sorahan, CFO of Ryanair, says the Gulf carriers have "mopped up" all of the long-haul aircraft available and the Irish company would not be offering those flights soon.

  • 'Good banter': Ryanair CFO on Twitter battle   Tuesday, 26 May 2015 | 1:30 AM ET
    'Good banter': Ryanair CFO on Twitter battle

    Neil Sorahan, CFO of Ryanair, says the Twitter exchanges between the airline and rival Aer Lingus is "good banter between neighbors". Sorahan also says the company has not received an offer by IAG to take over Aer Lingus. Ryanair owns a 30 percent stake in Aer Lingus.

  • Profits will rise 10% next year: Ryanair   Tuesday, 26 May 2015 | 1:30 AM ET
    Profits will rise 10% next year: Ryanair

    After posting a 66 percent rise in net income for the full year ending in March, Neil Sorahan, CFO of Ryanair, discusses the outlook for the next year.

  • TOKYO— Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern. Doubts are growing about whether Japanese supplier Takata Corp. has the financial muscle to deal with all the defects, a...

  • LONDON— The head of the U.K. arm of Airbus has warned the aerospace company would reconsider its investments in Britain should the country vote to leave the European Union. Kahn says that should Britain vote to leave, Airbus would reconsider future investment if business conditions were more favorable in other parts of Europe. Airbus also has European...

  • BATH, Maine— The U.S. Department of Defense has awarded Bath Iron Works an $11.3 million contract modification to work on maintenance systems for the entire littoral combat ship program. The contract modification was awarded Tuesday to General Dynamics, the parent company of BIW, by the Navy's Southwest Regional Maintenance Center in San Diego.

  • KLX misses 1Q profit forecasts Wednesday, 20 May 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $17.9 million. The Wellington, Florida- based company said it had net income of 34 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

  • United Technologies closes in on Sikorsky sale: DJ Tuesday, 19 May 2015 | 6:28 PM ET
    Aircraft technicians assemble an S-76D helicopter at  in Sikorsky Global Helicopters in Coatesville, Pennsylvania, October 16, 2014.

    United Technologies began exploring strategic alternatives for the helicopter business, including a spinoff, earlier this year.

  • BRUSSELS— Germany, France and Italy have pledged cooperation to jointly develop a "Euro-drone" for intelligence-gathering and surveillance of the skies. The three on Monday committed to a two-year study to have a Remotely Piloted Aircraft System ready within a decade. The nations also see the project as a way to strengthen defense cooperation in Europe's...

  • WASHINGTON, May 15- The U.S. Air Force's acquisition chief said on Friday he expects the Air Force to announce the winner of a hard-fought competition to build a new long-range strike bomber in one to two months. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team of Boeing Co and Lockheed Martin Corp to build 80 to 100 new LRS-B aircraft for the...

  • A Philippine cove once opposed a major naval base, fearing it would bring bars and brothels, but fear of China means locals now approve.

  • MONTREAL/ TORONTO, May 14- Bombardier Inc said Thursday it plans to cut 1,750 jobs in its business-jet division, about 15 percent of jobs in that unit, due to weaker demand, in the latest setback for the Canadian train and aircraft maker. "Economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order...

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.