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Aerospace & Defense

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  • Help James Bond see through walls, win $1M Thursday, 18 Jun 2015 | 10:17 AM ET

    The U.K.'s defense body is offering £650,000 ($1 million) in an effort to crowdsource technologies that will boost state surveillance.

  • PARIS, June 18- U.S. planemaker Boeing Co said on Thursday it won orders and commitments for 331 aircraft worth $50.2 billion at this week's Paris Airshow, compared with the 421 aircraft tally worth $57 billion notched up by European rival Airbus. Airbus said it signed firm orders for 124 aircraft worth $16.3 billion and commitments for 297 aircraft worth $40.7...

  • Airbus edges Boeing in orders race at Paris air show Thursday, 18 Jun 2015 | 5:48 AM ET

    LE BOURGET, France— Europe's Airbus glided past Boeing to take top honors in their annual competition to sell commercial jets at the Paris Air Show. Airbus racked up $57 billion worth of business for 421 aircraft. The announcement of a provisional deal by European low-cost carrier Wizz Air for 110 A321neos— worth more than $12.5 billion at list prices— put the...

  • PARIS, June 17- American weapons makers this week welcomed a push by U.S. government agencies to better coordinate on arms sales policies, but say most deals still take far too long to process, frustrating potential customers. The United States sent about 400 people to the biennial arms and aerospace bazaar, including Air Force Secretary Deborah James and NASA...

  • PARIS, June 17- American weapons makers have welcomed a push by U.S. government agencies to better coordinate on arms sales policies, but say most deals still take far too long to process, frustrating potential customers. The United States sent about 400 people to the biennial arms and aerospace bazaar, including Air Force Secretary Deborah James and NASA...

  • WASHINGTON, June 17- U.S. commercial drone operations could take flight on a large scale by this time next year, as federal regulators finalize rules allowing widespread unmanned aerial system use by companies, according to congressional testimony on Wednesday. A senior Federal Aviation Administration official said the agency expects to finalize...

  • Why Amazon's drone delivery is growing trickier Wednesday, 17 Jun 2015 | 1:04 PM ET
    Amazon Prime box, Amazon Prime

    The FAA could finalize drone regulations over the next 12 months, but there may be more complications for Amazon.

  • PARIS, June 17- CFM International said at the Paris air show on Wednesday that Dublin- based aircraft leasing company Avolon had picked its LEAP-1A engine to power 20 new Airbus A320neo aircraft in a deal worth $590 million at list prices.

  • PARIS, June 17- Boeing announced at the Paris air show on Wednesday that Ethiopian Airlines was the unidentified customer behind a previously announced order for six 787-8 Dreamliners, worth $1.3 billion at list prices. Ethiopian Airlines Chief Executive Tewolde GebreMariam added that the carrier planned to "keep investing heavily in technologically...

  • PARIS, June 16- Lockheed Martin Corp announced on Tuesday that it will team with Raytheon Co and Canadian planemaker Bombardier to develop a new surveillance and command and control aircraft for a future U.S. Air Force competition. Northrop and Boeing Co have also said they plan to compete for the contract when the Air Force launches a competition in the coming...

  • PARIS, June 16- Korean Air split a $6.9 billion order for narrow-body jets between rival planemakers Airbus and Boeing at the Paris air show on Tuesday as it looks to renew its fleet with more fuel-efficient aircraft. Korean Air unveiled a firm order worth $3.7 billion at list prices for 30 Airbus A321neo planes, the first time the Asian carrier has bought...

  • PARIS, June 16- Rolls-Royce, the world's No.2 aircraft engine maker, said it was too early to say whether there was a gap in the market for a new mid-sized passenger jet, which is being assessed by Boeing as a potential 1,000- plus plane opportunity. Rolls-Royce's Aerospace President Tony Wood told Reuters at the Paris air show on Tuesday there was a lack of clarity...

  • *Airbus starts development phase for new helicopter. U.S. planemaker Boeing and European rival Airbus continued to unveil a steady stream of deals on Tuesday, day two of the aerospace industry's main annual gathering. Industry sources also said Korean Air Lines would split a $6 billion order for 60 jets between Airbus and Boeing.

  • PARIS, June 16- Dublin- based aircraft leasing company SMBC Aviation Capital said it had chosen Pratt& Whitney's PW1100G-JM engine to power 30 of its Airbus A320neo aircraft. Deliveries are scheduled to begin in 2017, SMBC and Pratt said at the Paris air show on Tuesday. SMBC Aviation Capital is owned by a consortium including Sumitomo Corp and Sumitomo Mitsui...

  • PARIS, June 16- Boeing Co won an order for 100 737 MAX 8 passenger jets from Dutch aircraft leasing company AerCap at the Paris air show on Tuesday, in a deal worth $10.7 billion at list prices. "This is something we have been working on for a long time," AerCap Chief Executive Aengus Kelly said. "It is as important a transaction for AerCap as it is for Boeing."

  • MELBOURNE, Fla., June 15- Brazilian aircraft maker Embraer SA will build an airplane seat plant in Titusville, Florida, expanding its facilities in a region hit hard by the shutdown of NASA's space shuttle program four years ago, officials said on Monday. Located just west of NASA's Kennedy Space Center in Central Florida, the new plant will make high-end seats for...

  • NEW YORK, June 15- American Airlines Group said on Monday that it would push back delivery of 35 Airbus Group A320neo family jetliners by several years, a move that it said gives it more flexibility to control capacity growth. The two planes compete fiercely and account for most of the record backlog of orders at Boeing and Airbus. American said in a filing on Monday...

  • MELBOURNE, Fla., June 15- Brazilian aircraft manufacturer Embraer SA will build an airplane seat manufacturing plant in Titusville, Florida, expanding its facilities in the region hit hard by the shutdown of NASA's space shuttle program four years ago, officials said on Monday. Located just west of NASA's Kennedy Space Center in Central Florida, the new plant...

  • Airbus CEO: We'll lobby to keep Britain in EU Monday, 15 Jun 2015 | 2:19 PM ET
    Tom Enders Chief Executive Officer of Airbus Group

    A vote by Britain to leave the EU would have "negative consequences" for the aerospace industry, Airbus CEO Tom Enders told CNBC.

  • PARIS, June 15- Russia's United Aircraft Corporation wants a new wide-body aircraft it is developing with a Chinese company to be flying by 2025, as part of an ambitious project to take on Western planemakers Airbus and Boeing Co.. Commercial Aircraft Corp of China Ltd and United Aircraft Corporation, both state-controlled companies, have been considering...

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.