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Aerospace & Defense


  • PARIS, April 22- Safran pledged to meet performance targets on its latest jet engine as it unveiled a higher-than-expected 14 percent jump in first-quarter sales on Wednesday. Safran said its widely watched civil aftermarket grew 17.8 percent in dollar terms, driven by first overhauls of recent CFM56 engines as well as GE's GE90, in which Safran has a stake.

  • Released just days before the April 24 deadline for public comment on newly proposed FAA drone regulations, the report's sponsors include companies that are involved in drone technology or hope to use the devices to cope with hurricanes, earthquakes, wild fires and other disasters. The sponsors include Boeing Co, Lockheed Martin Corp, United Parcel Service...

  • After crash, Virgin Galactic aims to test new ship Monday, 20 Apr 2015 | 11:36 AM ET
    Fly from New York to Beijing in two hours on this?

    Virgin Galactic, the space venture of Richard Branson's Virgin Group, hopes to start testing another spaceship before the end of the year, FT reports.

  • Time to cash in on the space race revival Friday, 17 Apr 2015 | 9:51 AM ET
    The SpaceX Dragon cargo craft is shown just prior to being released by the International Space Station’s robotic arm in this May 31, 2012 photo.

    The space race might have started in the mid-1950s, but it’s not over yet, says British astronaut Timothy Peake.

  • LONDON, April 17- Rolls-Royce has won a $9.2 billion deal to supply engines for 50 A380 aircraft for Dubai's Emirates airline, the largest order in its history and giving it a boost after a torrid year of profit warnings. It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a...

  • April 17- Honeywell International Inc, a diversified U.S. manufacturer of aerospace parts and climate control systems, reported a 10 percent rise in quarterly profit, helped by a fall in costs. Net income attributable to Honeywell rose to $1.12 billion, or $1.41 per share, in the first quarter ended March 31, from $1.02 billion, or $1.28 per share, a year earlier.

  • The space race isn't over: ESA astronaut   Friday, 17 Apr 2015 | 3:40 AM ET
    The space race isn't over: ESA astronaut

    ESA astronaut Timothy Peake, who will be the first U.K. citizen to board the International Space Station later this year, says the space race is alive and well.

  • Prime Minister Narendra Modi announced last week that India would buy 36 French Rafale jets for an estimated $4.3 billion, in effect ending talks on a larger deal for 126 planes that would have sucked up some $20 billion and locked rivals out of the market for a generation. Saab was proposing to establish "fully-fledged production" of the Gripen in India...

  • Airbus plans exceptional 10 pct buyback, new legal status Wednesday, 15 Apr 2015 | 5:23 PM ET

    PARIS, April 15- Airbus Group will ask shareholders to approve an exceptional share buyback of up to 10 percent of its capital at its annual meeting on May 27, the aerospace group said on Wednesday. Airbus is also pressing ahead with previously announced plans to adopt " European Company" status. Holding company Airbus Group N.V. would be renamed Airbus Group SE and...

  • SpaceX launches rocket, but booster fails landing   Wednesday, 15 Apr 2015 | 8:02 AM ET
    SpaceX launches rocket, but booster fails landing

    SpaceX successfully launched an unmanned rocket carrying 4,000 pounds of food, equipment and an espresso machine, expected to arrive at the ISS on Friday. The booster rocket failed to land on the drone barge.

  • SpaceX reusable rocket makes unsuccessful landing Tuesday, 14 Apr 2015 | 4:55 PM ET
    The SpaceX Falcon 9 rocket with Dragon lifts off from launch pad 40 at the Cape Canaveral Air Force Station in Cape Canaveral, Florida April 14, 2015.

    SpaceX launched a Falcon 9 Tuesday afternoon, but failed in another attempt to cleanly land the rocket on a platform out at sea.

  • SpaceX aims to recover rocket   Monday, 13 Apr 2015 | 4:32 PM ET
    SpaceX aims to recover rocket

    If SpaceX can recover a rocker after its launch it could significantly drive down the cost of launches, reports CNBC's Jane Wells.

  • Ex-Indian Fin Min: Fighter jet deal not an issue   Sunday, 12 Apr 2015 | 6:31 PM ET
    Ex-Indian Fin Min: Fighter jet deal not an issue

    Palaniappan Chidambaram, former finance ministers of India, says India's government budget can accommodate the purchase of 36 Rafale fighter-bombers from France's Dassault Aviation.

  • SAO PAULO, April 10- Russian state company Rostec could use equipment from Brazilian defense contractor Mectron in the YAK-130 jet trainer, a senior executive told Reuters, as Russia turns to Latin America to offset sanctions imposed by the West over the crisis in Ukraine. The statement by Sergei Goreslavsky, deputy head of Rostec unit Rosoboronexport, is the...

  • This Dow stock could hit record highs soon: Trader Thursday, 9 Apr 2015 | 1:36 PM ET
    A Boeing ground test crew member examines a Boeing 787 Dreamliner.

    Todd Gordon of Tradinganalysis.com explains why the Boeing charts are setting the stage for new highs.

  • TORONTO, April 9- Canadian plane and train maker Bombardier Inc made the latest in a series of management shuffles on Thursday, saying commercial aircraft president Mike Arcamone, who has overseen the troubled CSeries jet program, will leave the company. Fred Cromer, former president of aircraft leasing company International Lease Finance Corp, replaces...

  • CHICAGO, April 8- Alcoa Inc earned a profit in the first quarter after a year-earlier loss, reflecting its ongoing shift from traditional smelting and refining to value-added businesses such as automotive and aerospace, the aluminum producer said on Wednesday. The company's earnings, excluding restructuring costs, beat market expectations but its revenue...

  • CHICAGO, April 8- Metals company Alcoa Inc kicked off the first-quarter earnings season on Wednesday, reporting a profit after a year-earlier loss, as revenue rose primarily in its automotive and aerospace businesses. The company's earnings, excluding restructuring costs, beat market expectations but its revenue lagged analysts' estimates, sending Alcoa...

  • Alcoa swings to 1st-quarter profit as revenue rises Wednesday, 8 Apr 2015 | 4:18 PM ET

    CHICAGO, April 8- Metals company Alcoa Inc kicked off the first-quarter earnings season on Wednesday, reporting that it swung to a quarterly profit on a jump in revenue, primarily in its value-added automotive and aerospace businesses. The New York- based company posted first-quarter net income of $195 million, or 14 cents per share, compared with a loss of $178...

  • FLIR Systems to settle U.S. SEC bribery charges Wednesday, 8 Apr 2015 | 11:17 AM ET

    WASHINGTON, April 8- Defense contractor FLIR Systems Inc will pay $9.5 million to settle civil charges that it violated federal bribery laws by financing a "world tour" of personal travel for government officials in the Middle East, U.S. regulators said Wednesday. The Securities and Exchange Commission said that the Oregon- based company self-reported the...

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.