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Aerospace & Defense

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  • Air Force acquisition chief William LaPlante said the Air Force would likely also adopt a "cost-plus" type contract for the development phase of the new bomber, given that it would include more new technologies than mature technologies. The Air Force expects to award a contract valued at $50 billion to $80 billion this summer for development and procurement of...

  • Sikorsky said it was still working out details, but any deal with the Army would likely include more government-handed depot maintenance than the $2 billion deal that Sikorsky and Lockheed Martin Corp were awarded on Friday by the U.S. Navy for servicing its MH-60 Sea Hawk helicopters. Mitchell said the talks with the Army were still in the early stages, but he...

  • CAPE CANAVERAL, Florida— Spacewalking astronauts successfully completed a three-day cable job outside the International Space Station on Sunday, routing several-hundred feet of power and data lines for new crew capsules commissioned by NASA. It was the third spacewalk in just over a week for Americans Terry Virts and Butch Wilmore, and the quickest...

  • WASHINGTON, Feb 27- The Air Force urgently needs a new long-range bomber to replace its aging fleet and will keep costs at or below a $550 million cap for each warplane, top U.S. officials told lawmakers on Friday. Air Force Secretary Deborah James said the Air Force understood that runaway costs had to be contained, and noted that a sharp reduction from the planned...

  • Airbus posts 4Q profit Friday, 27 Feb 2015 | 2:45 PM ET

    AMSTERDAM _ Airbus Group on Friday reported fourth-quarter earnings of 869.5 million euros. The aerospace company, based in Amsterdam, posted revenue of 18.62 billion euros in the period. Airbus shares have increased 25 percent since the beginning of the year.

  • LONDON, Feb 27- European shares held steady at seven-year highs on Friday as investor confidence stayed buoyant ahead of the European Central Bank's monthly 60- billion-euro money-printing programme set to start in March. "The market's had a good run and it's the end of the month so we're going to see it drift lower today as people book some profit," ETX Capital's...

  • LONDON, Feb 27- European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. About two-thirds of the way into Europe's earnings season, 55 percent of companies have met or beaten profit forecasts. Overall, fourth-quarter earnings are...

  • Volkswagen, Embraer summoned in Brazil dictatorship probe Thursday, 26 Feb 2015 | 11:46 AM ET

    SAO PAULO, Feb 26- A "truth commission" investigating crimes during Brazil's 1964-1985 military dictatorship has summoned Germany's Volkswagen AG and five local companies to testify whether their collaboration with the regime led to rights abuses. The other companies are Brazilian aircraft maker Embraer SA, industrial firms Grupo Aliperti and Cobrasma SA,...

  • MIDDLETOWN, Conn.— The chief executive officer of United Technologies Corp. says he was wrong when he said nearly five years ago that Connecticut is a costly place to do business. The Hartford Courant reports that Hayes said "it's nice to be proven wrong" for telling industry analysts in March 2010 that anyplace outside Connecticut is low-cost.

  • Iran blows up mock US warship in defense drill Wednesday, 25 Feb 2015 | 7:27 PM ET
    In this picture released by the Iranian Tasnim news agency on Feb. 25, 2015, a replica of a U.S. aircraft carrier is exploded by the Revolutionary Guard's speedboats during large-scale naval drills near the entrance of the Persian Gulf, Iran.

    During war games, Iran state TV shows missiles hitting a full-scale model of U.S. Navy aircraft carrier. USA Today reports.

  • Safran CFO on jet engine orders  Wednesday, 25 Feb 2015 | 11:30 AM ET

    Safran CFO Ross McInnnes discusses potential order increases from clients Airbus and Boeing.

  • US Army secretary optimistic on relief from budget caps Wednesday, 25 Feb 2015 | 10:26 AM ET

    McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...

  • Goodyear settles on bribery charges Tuesday, 24 Feb 2015 | 12:37 PM ET
    Goodyear Tire and Rubber Co. to settle lawsuit with SEC of African bribe charges.

    The SEC said that Goodyear failed to prevent or detect more than $3.2 million in bribes in Kenya and Angola.

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • Abu Dhabi, Feb 24- U.S. drone makers are expecting a surge in sales of military and civilian drones to Gulf states after the State Department eased export rules last week, industry executives said on Tuesday. "With this new policy, we see a lot more activity, we are talking to a lot more countries in the Middle East," he said on the sidelines of the International Defence...

  • GOP considers short-term Homeland Security funding Tuesday, 24 Feb 2015 | 8:28 AM ET
    Senate Majority Leader Mitch McConnell (R-KY) walks from his office in the U.S. Capitol to the Senate chamber to open debate on a funding bill for the Department of Homeland Security February 23, 2015 in Washington, DC.

    As the deadline looms for a shutdown of the Department of Homeland Security, the Senate looks to a short-term extension.

  • MILAN, Feb 24- Italian conglomerate Finmeccanica has agreed to sell its rail assets to Japan's Hitachi in a potential 1.9 billion euro deal that will cut its debt by 15 percent and help it to refocus on aerospace and defence. Hitachi, meanwhile, will gain a stronger foothold in Europe to compete with bigger rivals such as Germany's Siemens and France's Alstom,...

  • Feb 23- Dubai Aerospace Enterprise Ltd, an aircraft leasing and maintenance company controlled by the government of Dubai, is looking to sell its aviation services unit, StandardAero, for more than $1.8 billion, according to people familiar with the matter. In 2007, state-owned DAE simultaneously purchased aircraft maintenance services company Landmark...

  • NEW YORK, Feb 23- U.S. stock index futures dipped on Monday, after the Dow and S&P closed at records on the heels of an agreement by euro zone finance ministers to extend Greece's bailout by four months provided it draws up a list of reforms. *Greece will present its economic reform plans on Monday to seal the euro zone financial lifeline, but the government drew...

  • Space station preps for 'space taxis' Friday, 20 Feb 2015 | 4:27 PM ET
    The mirrorlike visor of NASA astronaut Reid Wiseman reflects fellow astronaut Barry Wilmore during their Oct. 15, 2014, spacewalk outside the International Space Station.

    A spacewalk to prep the International Space Station for commercial spacecraft was delayed, but plans to reopen the American docks will go on.

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.