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Aerospace & Defense

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  • 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...

  • UPDATE 1-Bombardier business jet unit to cut 1,750 jobs Thursday, 14 May 2015 | 8:11 AM ET

    TORONTO, May 14- Bombardier Inc, the Canadian train and aircraft maker, said on Thursday it plans to cut 1,750 jobs in its business jet division, mainly due to weaker demand for its Global business jets. "Current economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order intake levels...

  • MONTREAL— Bombardier, one of the world's biggest manufacturers of planes and trains, said Thursday it will cut about 1,750 employees in Montreal, Toronto and Ireland over the coming months because of weak demand for its largest business jets. Up to 1,000 of the lost jobs will be in Montreal, where Bombardier has its main operations, while 480 positions will be...

  • China may delay maiden flight of homegrown jet Wednesday, 13 May 2015 | 8:43 PM ET

    The maiden flight of China's homegrown commercial jet, the Comac C919, is behind schedule and delivery may be delayed as much as two years, sources said.

  • May 13- United Continental Holdings Inc on Wednesday announced plans to lease up to 25 used aircraft from AerCap Holdings NV, one of the world's largest aircraft lessors, to reduce its dependence on smaller, 50- seat jets. The Chicago- based airline said it expects delivery of 11 used Airbus Group NV A319 aircraft over the next two years, with the right to add up to 14...

  • Magellan Aerospace posts 1Q profit Tuesday, 12 May 2015 | 8:13 PM ET

    Mississauga, Ontario _ Magellan Aerospace Corp. on Tuesday reported earnings of $15.2 million in its first quarter. Magellan Aerospace shares have risen 2 percent since the beginning of the year. Keywords: Magellan Aerospace, Earnings Report.

  • WASHINGTON, May 12- A federal judge has dismissed a lawsuit filed by Raytheon Co, freeing the U.S. Air Force to re-evaluate bids it got for a new long-range radar won by Raytheon but challenged by rivals Lockheed Martin Corp and Northrop Grumman Corp, Lockheed said in a statement. The decision marks a setback for Raytheon, which hopes to hold on to a contract that...

  • SpaceX COO on competition: Hard to catch us   Tuesday, 12 May 2015 | 11:14 AM ET
    SpaceX COO on competition: Hard to catch us

    Number 2 on CNBC's Disruptor 50 list, SpaceX's COO Gwynne Shotwell discusses the company's focus on recoverable rockets and obtaining military contracts.

  • 10 companies killing it this earnings season Tuesday, 12 May 2015 | 8:32 AM ET
    The Carnival Breeze

    These S&P 500 companies doubled their adjusted profit from a year ago. They also beat profit expectations. USA Today reports.

  • Does Elon Musk have one more trick up his sleeve? Tuesday, 12 May 2015 | 7:00 AM 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.

    Elon Musk's venture is taking off as it snares major space contracts. Now rivals like UAL and Blue Origin are vying for the niche market.

  • Disruptor 50: No. 2 SpaceX Tuesday, 12 May 2015 | 7:00 AM ET
    Elon Musk, the co-founder and CEO of Tesla Motors, founded SpaceX in 2002.

    Elon Musk's venture manufactures and launches advanced reusable rockets and spacecraft, lowering the cost of space missions.

  • Meet the 2015 CNBC Disruptor 50 companies Tuesday, 12 May 2015 | 7:00 AM ET
    Disruptors: Square, Dollar Shave Club, Oscar, and Snapchat.

    Want a snapshot of the private start-ups revolutionizing the business landscape? These 50 innovators may be tomorrow's Wall St. highfliers.

  • BOSTON, May 12- Investors in some top U.S. media companies have had a rough ride as their shares have lagged the rest of the market. The CEOs of 11 major media companies were given median compensation of $32.9 million for 2014, much higher than any other industry group in the Standard& Poor's 500 index, according to regulatory filings posted in the first four months...

  • European stocks mixed as Airbus leads France lower Monday, 11 May 2015 | 10:12 AM ET

    *Airbus shares fall after military plane crash in Spain. *Delhaize, Ahold shares surge on merger reports. LONDON/ EDINBURGH, May 11- European stock markets were mixed on Monday, with French stocks among the worst performers after the crash of a military plane caused Airbus shares to drop.

  • Why BOC Aviation prefers smaller aircraft   Sunday, 10 May 2015 | 8:17 PM ET
    Why BOC Aviation prefers smaller aircraft

    Robert Martin, CEO of BOC Aviation, explains the firm's preference for single-aisle aircraft and discusses the growth in capacity in Asia's low-cost carrier industry.

  • *Airbus has net 209 orders in first four months of 2015. *Boeing leading Airbus on deliveries. PARIS/ DUBAI, May 7- Airbus has moved ahead of U.S. rival Boeing in their race for aircraft orders thanks to a large Latin American win, setting the tone for what could be a fiercely competitive Paris Airshow next month.

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.