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Aerospace & Defense

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  • 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...

  • Oil price fall gives lease of life to old planes Monday, 19 Jan 2015 | 4:03 PM ET

    "We are seeing a big pick-up in demand for aircraft we thought we would scrap," Aengus Kelly, chief executive of AerCap, told the Airline Economics conference in Dublin. AerCap, the world's largest independent leasing company, has recently leased out older passenger aircraft and freighters such as Airbus A340s, Boeing 747 s and 757 s, rather than sending them to be...

  • NASA finds lost British spacecraft on Mars Friday, 16 Jan 2015 | 3:13 PM ET
    Images of the Beagle 2 lander from NASA's Mars Reconnaissance Orbiter satellite

    Scientists lost contact with the Beagle 2 before it was supposed to land on Mars on Christmas Day 2003. NASA images have just shown it.

  • OTTAWA, Jan 16- Canada has picked Nova Scotia's Irving Shipbuilding Inc to build at least five Arctic patrol ships for the country's navy for C $2.3 billion and has increased the overall program's budget, government officials said on Friday. The total budget for building the ships, part of the government's efforts to exert Canadian sovereignty in the Arctic, has...

  • Air Force Chief of Staff General Mark Welsh told a separate news conference at the Pentagon that he was confident the Air Force would meet its target date of declaring the F-35 A-model ready for initial combat use by August to December 2016. He said the Air Force had found a way to maintain its initial detachment of operational F-35s despite a shortage of...

  • A Jan. 5 memorandum signed by top Navy and Marine Corps officials described plans to use the V-22, built by Boeing Co and Textron Inc's Bell Helicopter unit, instead of opting for a new plane, or upgrading the existing C-2As. Navy acquisition chief Sean Stackley declined to confirm the Navy had decided to use the V-22 for the carrier on-board delivery mission, but he...

  • $1 Billion contract for Northrop  Thursday, 15 Jan 2015 | 1:44 PM ET

    The Air Force awarded Northrop Grumman a contract worth nearly $1 billion over 5 years to service and maintain nuclear missile stockpiles.

  • Off-shore oil drilling and production in regions such as the North Sea and Gulf of Mexico have been a key source of demand for helicopter makers including United Technologies' Sikorsky unit, Finmeccanica's AgustaWestland and Airbus Helicopters. Textron's Bell Helicopter could soon become a bigger player with a new helicopter. During United Technologies'...

  • He said the Navy still expected to declare the F-35 C-model, which is designed for use on aircraft carriers, ready for combat use by the end of the decade, as planned. Mabus said the Navy was also looking at whether it needed additional EA-18G Growler electronic attack planes built by Boeing Co, since it was now the only military service providing that electronic...

  • Oil price plunge could leave helicopters sputtering Thursday, 15 Jan 2015 | 1:00 AM ET

    Off-shore oil drilling and production in regions such as the North Sea and Gulf of Mexico have been a key source of demand for helicopter makers including United Technologies' Sikorsky unit, Finmeccanica's AgustaWestland and Airbus Helicopters. Textron's Bell Helicopter could soon become a bigger player with a new helicopter. During United Technologies'...

  • WASHINGTON, Jan 14- U.S. Air Force Secretary Deborah James on Wednesday mapped out a series of initiatives aimed at lowering the cost of key weapons systems and getting them fielded sooner, saying that leaner budgets and growing threats made action imperative. James said the initiatives are part of a broader push by the Air Force to be more flexible, adaptable and...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • SpaceX, Elon Musk and the reusable rocket dream Tuesday, 13 Jan 2015 | 2:06 PM ET
    The unmanned Falcon 9 rocket launched by SpaceX, lifts off from the Cape Canaveral Air Force Station in Cape Canaveral, Florida January 10, 2015.

    A reusable rocket would slash the cost of launches, and no one is pursuing the concept more than Elon Musk.

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.