NEWARK, N.J.— A subsidiary of defense contractor Lockheed Martin has agreed to pay $27.5 million to resolve allegations that it overbilled the government, federal prosecutors announced Friday. A message seeking comment left with Lockheed Martin wasn't immediately returned. The work was done at Fort Monmouth in New Jersey, and the Aberdeen Proving Ground in...» Read More
CAPE CANAVERAL, Fla., Dec 4- The launch of NASA's deep-space Orion capsule for a test flight around Earth was delayed on Thursday after a last-minute technical problem with its rocket, NASA said. United Launch Alliance, a partnership of Lockheed Martin and Boeing that builds and flies the Delta 4 rocket, plans to try again at 7:05 a.m. EST on Friday.
The unmanned Orion mission has been canceled for today and will be attempted again tomorrow morning, reports CNBC's Jane Wells.
CNBC's Jane Wells reports the latest from Cape Canaveral where the launch of the Orion spacecraft has been delayed.
CNBC's Phil Han tracks the historic launch of the new NASA Orion spacecraft.
NASA's unmanned spacecraft is set to launch from Cape Canaveral Air Force Base at 7:05a.m. ET and is the first step on a journey to take humans farther in space than ever before, reports CNBC's Jane Wells.
Orion is "a 'BFD.' If you don't know what that is, then I'll let somebody else explain it to you," says NASA's administrator.
The report comes as governments scramble to better understand the extent of Iran's cyber capabilities, which researchers say have grown rapidly as Tehran seeks to retaliate for Western cyber attacks on its nuclear program. It did not identify the companies targeted, but said they included major aerospace firms, airports and airlines, universities, energy...
As the U.S. economy settles into tepid growth, investors should buy stocks whose revenues are not dependent on the economic cycle, history shows.
The sudden departure of UTX CEO had investors scratching their heads and wondering whether it created an opportunity to buy the stock.
Nov 24- United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard. The maker of Otis elevators, Pratt& Whitney jet engines and Sikorsky helicopters said in a press release that...
WASHINGTON, Nov 21- Boeing Co on Friday welcomed a decision by Japan to buy V-22 Osprey tilt-rotor aircraft that it builds together with Bell Helicopter, a unit of Textron Inc.. "The Bell Boeing team is honored the Japanese Ministry of Defense has selected the V-22 Osprey to support its operational requirements, and we'll continue to work with the U.S. government...
WASHINGTON, Nov 21- The Pentagon said on Friday it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch. The Pentagon's F-35 program office said the deal includes 29 jets for the United States and 14...
Lockheed Martin wants to use its unmanned helicopter--the K-Max--as a firefighting tool. Check out the drone in action in video courtesy of Lockheed.
OTTAWA, Nov 19- U.S. aerospace giant Boeing Co is frustrated by Canada's decision to extend the life of its aging fleet of fighter jets, a move that will delay a decision on buying replacements, a company official said on Wednesday. The comments were a rare public expression of unhappiness by Boeing about the way Canada is conducting the process to buy new fighters.
The US Air Force just completed an initiative to convert all of its bases from military-specific grade jet fuel to a civilian grade.
EL SEGUNDO, Calif., Nov 18- Boeing Co said this week it is reevaluating its cybersecurity business and could divest or reassign some units as it focuses more on a few critical areas, including classified work it is doing for some U.S. government agencies. Boeing, the Pentagon's No. 2 supplier and the world's largest aerospace company, bought a handful of...
SEATTLE, Nov 18- Airbus is aiming to deliver the first A350 jetliner around Dec. 12, with customer Qatar Airways being the first recipient, a representative of the airline said on Tuesday. The A350, Airbus' newest plane and made with carbon-fiber composite fuselage, is a direct competitor to Boeing's composite 787 Dreamliner. Airbus has booked 750 orders for the...
The Russian military has launched a mysterious object that Western space agencies are monitoring for signs of destructive intent. FT reports.
The wealthy have their own wealth gap, as gains become concentrated at the very top, Robert Frank writes for The New York Times.
Airbus is hoping to patent a new plane that looks more like a doughnut or flying saucer than the usual passenger plane.
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.