GO
Loading...

Aerospace & Defense

More

  • WASHINGTON— Drone on, the government says. Just not through the night sky. The Federal Aviation Administration released a variety of proposed requirements for commercial operators to meet, such as passing a knowledge test administered by the agency as well as a federal security check.

  • Obama sets out privacy rules for government drones Sunday, 15 Feb 2015 | 10:43 AM ET

    WASHINGTON— As the U.S. prepares to see more drones aloft in coming years, President Barack Obama is taking steps to ensure that the government respects privacy and civil liberties when it uses the unmanned aircraft to collect information. Obama issued a memorandum to federal agencies Sunday specifying measures to guard against abuse of data collected in...

  • WASHINGTON— The government is readying rules largely favorable to companies that want to use small drones for commercial purposes, according to a federal analysis, potentially leading to the widespread flights by unmanned aircraft performing aerial photography, crop monitoring, inspections of cell towers and bridges and other work.

  • Boeing wins $403 mln upgrade deal for Japan govt Friday, 13 Feb 2015 | 7:09 PM ET

    WASHINGTON, Feb 13- Boeing Co has won a contract valued at $403 million to upgrade four 767- based airborne warning and control aircraft for the government of Japan, the Pentagon said in its daily list of major contract awards on Friday. The contract is a modification of an earlier award, and includes upgrades of four E-767 Japan Airborne Warning and Control...

  • LONDON, Feb 13- British engineer Rolls-Royce has warned profits this year could fall by as much as 13 percent on top of an 8 percent drop last year, saying the low oil price had increased uncertainty for many of its markets and customers. The world's second-largest maker of aircraft engines after U.S. group General Electric had already cut its 2015 forecasts in...

  • WASHINGTON, Feb 12- The U.S. unit of Europe's Airbus Group was awarded a contract worth $221 million to build 41 more UH-72A Lakota light utility helicopters for the U.S. Army, the Pentagon said in its daily digest of major contracts on Thursday. The contract, which runs through July 31, 2017, marks a modification of Airbus's existing Army contract, and covers...

  • Stelia Aerospace considering U.S. production facility Thursday, 12 Feb 2015 | 4:46 PM ET

    SEATTLE, Feb 12- Stelia Aerospace, a large maker of commercial aircraft structures and components, is considering putting a production facility in the United States to be closer to customers and increase its purchases in dollars, a senior executive said on Thursday. Stelia, formed last month from the merger of Airbus subsidiaries Aerolia and Sogerma, is...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • *Chairman Laurent Beaudoin to retire. *Pierre Beaudoin takes over as chairman. Feb 12- Bombardier Inc stunned investors as it scrambled on Thursday to deal with big cost overruns in its long-delayed CSeries passenger jet program: replacing its chief executive, suspending dividends, and saying it needs to raise $2 billion in new debt and equity.

  • MUNICH, Feb 12- Strong global demand for new passenger jets and a firmer U.S. dollar should help German aircraft engine maker MTU Aero Engines beat analysts' average sales and profit forecasts this year, it said on Thursday. Its two biggest customers, Airbus and Boeing, are riding a wave of orders for new fuel-efficient passenger jets, boosting business for...

  • *Cairo fears spillover from Libya conflict. PARIS, Feb 10- France is close to selling Dassault Aviation- built Rafale fighter jets to Egypt, sources close to the matter said on Tuesday, as Cairo looks to upgrade its military hardware over fears the crisis in neighbouring Libya could spill over. France and Egypt have been negotiating since a November state visit by...

  • 8 ways to find growth in this market Monday, 9 Feb 2015 | 7:06 PM ET

    CNBC's "Fast Money" traders discussed the sectors they believe hold the best growth prospects.

  • CAPE CANAVERAL, Fla. Feb 9- Space Exploration Technologies will try again Tuesday to launch a Falcon 9 rocket with a U.S. satellite intended to watch for threatening solar storms, NASA said on Monday. Liftoff from Cape Canaveral Air Force Station in Florida had been planned for Sunday, but was called off two minutes before launch because of a problem with an Air...

  • CAPE CANAVERAL, Fla., Feb 9- Space Exploration Technologies will try again Tuesday to launch a Falcon 9 rocket with a U.S. satellite intended to watch for threatening solar storms, NASA said on Monday. Liftoff from Cape Canaveral Air Force Station in Florida had been planned for Sunday, but was called off two minutes before launch because of a problem with an Air...

  • The Falcon 9 rocket is targeted for launch at 6:10 p.m. EST from Cape Canaveral Air Force Station in Florida. Perched on top of the booster is the Deep Space Climate Observatory, nicknamed DSCOVR, and jointly owned by NASA and the National Oceanic and Atmospheric Administration. The satellite, then called Triana- and lampooned as "GoreSat"- was due to launch on the...

  • North Korea lobs 5 missiles in show of strength Sunday, 8 Feb 2015 | 10:13 AM ET
    Replicas of a North Korean Scud-B missile (C-behind) and South Korean Hawk surface-to-air missiles (foreground) are seen at the Korean War Memorial in Seoul.

    North Korea fired five short-range missiles off its eastern coast in a demonstration of its improving missile technology, South Korea said.

  • Feb 6- Harris Corp said it would buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense. Exelis, spun off from ITT Corp in 2011, makes antennas for military aircraft, domes for Navy ships, sonar systems and GPS navigation systems. The total offer of $23.75 per...

  • Feb 6- Communications equipment maker Harris Corp said it would buy defense contractor Exelis Inc in a cash-and-stock deal valued at about $4.75 billion. The offer of $23.75 per share is a premium of about 34 percent to Exelis's Thursday close, and values the company at about $4.44 billion based on Exelis's shares outstanding as of Oct. 28. McLean, Virginia- based...

  • Feb 6- Communications equipment maker Harris Corp said it would buy defense contractor Exelis Inc in a cash-and-stock deal valued at about $4.75 billion. The offer of $23.75 per share is a premium of about 34 percent to Exelis's Thursday close, and values the company at about $4.44 billion based on Exelis's shares outstanding as of Oct. 28. Exelis makes...

  • WASHINGTON, Feb 5- The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official at engine maker Pratt& Whitney, a unit of United Technologies Corp, said on Thursday. The Pentagon plans to spend nearly $400 billion to develop and build 2,457 of the radar-evading warplanes...

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.