Aerospace & Defense


  • Corning donates $1.8M in parts for space telescope Tuesday, 29 Jul 2014 | 10:51 AM ET

    ALBANY, N.Y.— Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space. The not-for-profit BoldlyGo Institute wants to put its ASTRO-1 telescope in orbit by the mid-2020s. The group, whose board includes members with links to NASA, also wants to fund an unmanned trip to Mars.

  • *Skymark says Airbus did not give it a chance to negotiate. *Airbus says Skymark was unable to perform on contract. TOKYO/ PARIS, July 29- Airbus said on Tuesday it had revoked an order for six A380 superjumbos from Skymark Airlines, losing the only Japanese customer for its biggest jet after the discount carrier struggled to raise cash to pay instalments.

  • July 29- U.S. manufacturer Eaton Corp lowered the top end of its full-year profit forecast on Tuesday due to weaker margins in its electrical systems business, sending its shares down more than 3 percent. Eaton now expects 2014 earnings in a range of $4.50 to $4.70 per share, lowering the top end from $4.90.

  • Israel's Gaza trap: Here's the real problem Tuesday, 29 Jul 2014 | 7:00 AM ET
    Shlomo Ben Ami

    Assuming Israel gets the quiet it wants, what does it intend to do with Gaza?, asks former Israeli foreign minister Shlomo Ben Ami.

  • July 29- Eaton Corp, a maker of electrical and hydraulic systems, reported a 3 percent rise in quarterly sales and said it recorded strong bookings in its electrical and aerospace businesses.

  • Obama: Plane stiffens Europe's spine on sanctions Thursday, 24 Jul 2014 | 6:16 PM ET

    WASHINGTON— President Barack Obama says the downing of a passenger jet in Ukraine "may stiffen the spine of our European partners" as they consider additional sanctions against Russia. Obama welcomed Europe's earlier sanctions against Russia, but says the actions have come "not always as fast as we'd like."

  • Jet carrying 116 people vanishes over west Africa Thursday, 24 Jul 2014 | 8:40 AM ET
    An Air Algerie jet is shown at Berlin's Schoenefeld Airport.

    A commercial jetliner carrying 116 people disappeared over west Africa after losing contact with air traffic controllers. NBC News reports.

  • CHELTENHAM, England, July 24- New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain's manufacturing revival.

  • British manufacturing emerges from years in the shadows Thursday, 24 Jul 2014 | 2:30 AM ET

    CHELTENHAM, England, July 24- New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain's manufacturing revival.

  • CAPE CANAVERAL, Fla., July 23- In what may be the ultimate in long-distance telephone service, NASA on Wednesday put out a call for a commercially owned and operated satellite network on Mars. "There is a potential communications gap in the 2020 s," NASA wrote in its solicitation, which was posted on the agency's procurement website.

  • Audit: NASA doesn't have the money for big rockets Wednesday, 23 Jul 2014 | 5:31 PM ET

    WASHINGTON— NASA doesn't have enough money to get its new, $12 billion rocket system off the ground by the end of 2017 as planned, federal auditors say. The Government Accountability Office issued a report Wednesday saying NASA's Space Launch System is at "high risk of missing" its planned December 2017 initial test flight.

  • iRobot's defense play     Wednesday, 23 Jul 2014 | 3:10 PM ET

    Colin Angle, iRobot CEO, discusses the company's earnings picture and the defense space, which is 10 percent of their current business.

  • Global instability will help these stocks: Analyst Wednesday, 23 Jul 2014 | 3:01 PM ET

    Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.

  • Ukraine rebel fighters had BUK missiles: Leader Wednesday, 23 Jul 2014 | 2:32 PM ET
    Ukrainian rebel commander Alexander Khodakovsky speaks during an interview in Donetsk, Ukarine.

    A Ukrainian rebel leader said that pro-Russian rebels had missiles of the type the U.S. says shot down a commercial plane.

  • FAA extends Tel Aviv flight ban another 24 hours Wednesday, 23 Jul 2014 | 1:30 PM ET
    Passengers on line for security control before departure at the Ben Gurion International airport in Tel Aviv July 22, 2014.

    US aviation authorities on Wednesday extended a ban on US airlines flying to Israel's Ben Gurion International Airport for another 24 hours.

  • Outlook for defense stocks     Wednesday, 23 Jul 2014 | 1:08 PM ET

    Jason Gursky, Citi Research aerospace & defense analyst, discusses the outlook for defense contractors amid defense cuts and the potential for more war.

  • July 23- Boeing Co reported a 52 percent jump in quarterly profit, helped by higher commercial plane deliveries and one-time tax gains, but investors were spooked by rising costs in its military tanker program.

  • Israel flight ban leaves travelers scrambling Wednesday, 23 Jul 2014 | 11:17 AM ET
    Passengers check a departure time flight board displaying various cancellations at Ben Gurion International airport, near Tel Aviv, on July 23, 2014.

    Many travelers had their plans snarled when many airlines suspended flights to Israel after a rocket fell near the main airport. NBC News reports.

  • July 22- United Technologies Corp posted tepid quarterly orders for its Otis elevators and Pratt& Whitney jet engines businesses, and shares of the diversified U.S. manufacturer fell nearly 2 percent on Tuesday.

  • US: Pro-separatists likely shot down MH17 'by mistake' Tuesday, 22 Jul 2014 | 11:42 AM ET
    The train carrying the 280 bodies recovered from the downed Flight MH17 arrives at the government-held Ukrainian city of Kharkiv

    After days of outrage over the handling of the Flight MH17 crash site in Ukraine, European ministers meet to discuss further sanctions against Russia.

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.