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Aerospace & Defense

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  • After sabotage, air travel system slowly recovers Saturday, 27 Sep 2014 | 1:54 AM ET

    CHICAGO— Airlines were scrambling to accommodate travelers whose flights were canceled after a contract employee allegedly set a fire at a suburban Chicago air traffic control center where he worked, halting flights at two of the nation's busiest airports. By Friday night, more than 2,000 flights in and out of Chicago had been canceled.

  • TORONTO, Sept 26- Bombardier Inc said on Friday that aircraft leasing company Macquarie AirFinance had signed a firm agreement to buy 40 of the Canadian manufacturer's new CSeries jets, with an option for 10 more. "It's a decent-sized order," said Cormark Securities analyst David Newman. Bombardier's shares rose 4 percent to C $3.64 on the Toronto Stock Exchange.

  • *Air Berlin cancels orders for 18 737 s, 15 787 s. FRANKFURT, Sept 26- Loss-making German airline Air Berlin has cancelled orders for Boeing aircraft worth a total of $5 billion at list prices as it strives to curb spending and return to profit.

  • Filipino-UK firm to drill for gas in disputed sea Friday, 26 Sep 2014 | 6:02 AM ET

    MANILA, Philippines— The chairman of a Philippine energy company said Friday a Chinese state-owned oil producer hasn't responded to a revived proposal to jointly explore a disputed area of the South China Sea but drilling will go ahead by 2016 with or without a partnership.

  • SEOUL, Sept 24- South Korea will sign a deal this month to buy 40 Lockheed Martin Corp F-35 fighter jets for about 7.34 trillion won for delivery in 2018-2021, two people with knowledge of the transaction told Reuters on Wednesday.

  • Airbus lifts long-term aircraft demand forecast Wednesday, 24 Sep 2014 | 12:11 PM ET

    PARIS— European jet maker Airbus is raising its long-term forecast for new airplane demand by more than 7 percent, based on expected orders of smaller, more fuel-efficient planes and burgeoning travel in Asia. Airbus' top salesman, John Leahy, said Wednesday that air traffic will grow 4.7 percent annually over the next 20 years.

  • Gas turbine fired up on stealthy warship in Maine Wednesday, 24 Sep 2014 | 5:26 AM ET

    BATH, Maine— Shipbuilders at Maine's Bath Iron Works have fired up one of the main turbines aboard the future USS Zumwalt, marking a milestone in construction of the stealthy warship.

  • WASHINGTON, Sept 22- AgustaWestland, a unit of Italy's Finmeccanica SpA, has sued the U.S. Army to block its plans to buy 155 helicopters built by Europe's Airbus without a competition, arguing that its own helicopters would be cheaper to buy and operate.

  • TriMas lowers full-year adj. profit forecast Monday, 22 Sep 2014 | 8:37 AM ET

    BLOOMFIELD HILLS, Mich.— TriMas is cutting its full-year adjusted earnings forecast partly due to ongoing softness in its energy and aerospace businesses.

  • SpaceX breaks ground on Texas rocket launch site Monday, 22 Sep 2014 | 1:02 AM ET

    BROWNSVILLE, Texas— The commercial rocket launches that could begin as early as 2016 in the southernmost tip of Texas will be a critical step toward one day establishing a human presence on Mars, SpaceX founder and CEO Elon Musk said Monday.

  • SpaceX launches 3-D printer, other station gear Sunday, 21 Sep 2014 | 1:53 AM ET

    In all, the unmanned Dragon capsule is delivering more than 5,000 pounds of space station supplies for NASA. "What a beautiful morning it was," said Sam Scimemi, NASA's space station division director. Sunday was a red-letter day for NASA in more ways than one.

  • Astronauts getting 3-D printer at space station Saturday, 20 Sep 2014 | 1:48 AM ET

    NASA is sending a 3- D printer to the International Space Station in hopes that astronauts will be able to one day fix their spacecraft by cranking out spare parts on the spot. Besides real-time replacement parts at the station, NASA envisions astronauts, in the decades ahead, making entire habitats at faraway destinations like Mars.

  • Astronauts getting 3-D printer at space station Friday, 19 Sep 2014 | 4:33 PM ET

    NASA is sending a 3- D printer to the International Space Station in hopes that astronauts will be able to one day fix their spacecraft by cranking out spare parts on the spot. Besides real-time replacement parts at the station, NASA envisions astronauts, in the decades ahead, making entire habitats at faraway destinations like Mars.

  • Siemens to offer $6.1B for Dresser Rand: Report Friday, 19 Sep 2014 | 8:55 AM ET
    A worker installs components at the base of a wind turbine blade at the Siemens AG turbine blade plant in Fort Madison, Iowa.

    Siemens plans to offer more than $6.1 billion for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

  • HONG KONG, Sept 19- China shares rose for a third straight day on Friday, bolstered by strength in shipbuilders and aviation firms, which are expected to benefit from plans to let private capital enter the defense industry.

  • Robots will take over, so you may as well profit Thursday, 18 Sep 2014 | 10:00 AM ET
    AeroVironment's small unmanned aircraft, the Raven Gimbal

    The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.

  • Environmental cleanup OK'd for former RI shipyard Thursday, 18 Sep 2014 | 7:03 AM ET

    The Newport Daily News reports that the U.S. Environmental Protection Agency announced Wednesday it approved plans to clean up the former Robert E. Derecktor Shipyard site on Naval Station Newport property in Middletown. While EPA will oversee the remedies, the field work will be conducted and paid for by the Navy and its contractors.

  • Boeing's 'space taxi' includes seat for a tourist Wednesday, 17 Sep 2014 | 7:33 PM ET

    CAPE CANAVERAL, Fla., Sept 17- Boeing Co's proposal to develop a so-called space taxi for NASA astronauts includes a seat for paying tourists to fly to the International Space Station, the company's program manager said on Wednesday, a first for a U.S. space program.

  • WASHINGTON, Sept 17- United Launch Alliance, a Boeing Co and Lockheed Martin Corp joint venture, said on Wednesday it would invest heavily in a new rocket engine being developed by Amazon.com Inc founder Jeff Bezos and his company Blue Origin.

  • WASHINGTON, Sept 17- United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp, said on Wednesday it would invest heavily in a new rocket engine being developed by Amazon.com Inc founder Jeff Bezos and his company Blue Origin.

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.