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Aerospace & Defense

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  • FARNBOROUGH, England, July 15- U.S. military officials have approved limited flights for Lockheed Martin's F-35 fighter jets, improving the chances of the newest U.S. combat jet making its international debut before potential buyers this week.

  • FARNBOROUGH, England, July 15- U.S. planemaker Boeing on Tuesday said a consortium led by British defense company BAE Systems would provide the flight control system electronics for its new 777 X jet. The two firms are the incumbent suppliers to Boeing for some of the electronics systems on the 777 platform already flying.

  • AIRSHOW-Airbus gets $11.8 bln order from SMBC Aviation Tuesday, 15 Jul 2014 | 5:33 AM ET

    July 15- Aircraft leasing company SMBC Aviation Capital said it had placed an order worth $11.8 billion with Airbus Group NV for 115 aircraft. The firm order is for 110 A320neo and five A320ceo aircraft, SMBC said in a statement on Tuesday. SMMBC said it would announce its engines selection at a later date.

  • Singapore, Greece among F-16 upgrade opportunities. FARNBOROUGH, England, July 14- Europe's largest defense contractor BAE Systems expects to win more than half of the $10 billion market to modernize F-16 fighter jets, saying its cost-effective offering could give it an edge in the battle with Lockheed Martin.

  • July 14- Honeywell International Inc will merge its transportation systems unit into its aerospace division to take advantage of similarities between the businesses, the diversified U.S. manufacturer said on Monday.

  • Air Lease signs huge order     Monday, 14 Jul 2014 | 10:09 AM ET

    CNBC's Phil LeBeau speaks to the launch customer of Airbus' revamped A330neo - Air Lease Corp. Chairman and CEO Steven Udvar-Hazy. He discusses the healthy demand in the aviation business.

  • Air Show: Boeing vs. Airbus     Monday, 14 Jul 2014 | 9:52 AM ET

    CNBC's Phil LeBeau reports Airbus announced a new wide body plane at the Farnborough Airshow.

  • Alcoa CEO on US: 'This place rocks' Monday, 14 Jul 2014 | 9:46 AM ET
    A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory.

    Alcoa has invested heavily in its U.S. aerospace business because of the country's leading position in advanced manufacturing, CEO Klaus Kleinfeld tells CNBC.

  • FARNBOROUGH, England, July 14- U.S. aircraft leasing company Air Lease Corp became the launch customer for Airbus' revamped A330 passenger jet on Monday with a memorandum of understanding for 25 A330-900neo aircraft.

  • *Airbus announces revamp of twin-aisle A330 passenger jet. FARNBOROUGH, England, July 14- Airbus announced a revamp of its twin-aisle A330 passenger jet on Monday, sharpening a contest with Boeing for up to $250 billion of orders at the core of the market as the start of the Farnborough Airshow fuelled a debate about new technology.

  • Defense ministry OK's deal for planes sale to US Monday, 14 Jul 2014 | 4:33 AM ET

    PRAGUE— The Czech Defense Ministry has signed a deal to deliver 14 military airplanes to the United States in an $11 million deal.

  • July 14- EasyJet has selected CFM International S.A., a joint venture between Safran and GE, to provide 270 engines for its order of 35 Airbus A320 aircraft and 100 Airbus A320neo aircraft, the company said on Monday. The airline said it had negotiated a reduced price with CFM but that details were confidential.

  • Defense Secretary Chuck Hagel told military fliers on Thursday the stealthy F-35 attack plane had "issues" but was still "the future for our fighter aircraft" despite a fire that grounded the fleet and jeopardized its international debut in Britain.

  • Lockheed Martin to reduce F-35 price     Thursday, 10 Jul 2014 | 1:15 PM ET

    Lockheed Martin plans to reduce the price of its F-35 by 2019, reports CNBC's Jane Wells.

  • RAF FAIRFORD, England, July 10- Borne of the last downturn in U.S. military spending in the 1990 s, Lockheed Martin Corp's F-35 Joint Strike Fighter was intended as a quick and affordable way for the United States and its allies to replace thousands of aging F-16s and other warplanes while avoiding the pitfalls of earlier programs.

  • Commercial aviation market soaring: Boeing Thursday, 10 Jul 2014 | 6:01 AM ET
    A Southwest Airlines Co. Boeing 737-7H4.

    Increasing demand from low-cost airlines and booming airline travel in Asia – China in particular – drove Boeing to raise its forecast for new planes.

  • PARIS, July 9- Airbus is sprinting to line up preliminary orders for a revamped version of its A330 jet and is on stand-by to make an announcement as early as next week's Farnborough Airshow, but no decision has been taken, people familiar with the matter said.

  • Alcoa's 'unrecognized transformation': Cramer     Wednesday, 9 Jul 2014 | 9:30 AM ET

    CNBC's Jim Cramer shares his opinions on Alcoa's quarterly earnings, and the company's acquisition of global jet component leader Firth Rixson.

  • July 9- British fraud investigators have questioned defence officials and former and current employees of an Airbus subsidiary in connection with allegations of corruption in Saudi Arabia, the aerospace and defence company said on Wednesday.

  • 'Threat' to European carriers from Gulf: Pro     Wednesday, 9 Jul 2014 | 2:30 AM ET

    Douglas McNeill, investment director at Charles Stanley, says the rise of the gulf carriers is the biggest threat to European airlines.

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.