WASHINGTON, Feb 27- The Air Force urgently needs a new long-range bomber to replace its aging fleet and will keep costs at or below a $550 million cap for each warplane, top U.S. officials told lawmakers on Friday. Air Force Secretary Deborah James said the Air Force understood that runaway costs had to be contained, and noted that a sharp reduction from the planned...» Read More
No doubt the debate will carry on this week about whether the industry is over-heated and creating a bubble for itself. The current movement shows no signs of slowing down. For those that are calling it a "bubble" it has proven to be quite a resilient one and one we believe is actually reflective of real growth, write Neil Hampson and Scott Thompson from PwC.
The Mars space probe built by Siemens is an “iconic example” of what the technological industry can provide to global aerospace development, Siegfried Russwurm, the CEO of Sector Industry Sector at Siemens told CNBC.
As orders go at air shows, the latest deal between Boeing and Air Lease Corp is not the biggest one ever done. Still, the $7.2 Billion ALC is paying for 75 new 737 MAX airplanes is significant and highlight the continued demand for more fuel-efficient single aisle planes.
Boeing CEO Jim McNerney denied commercial aviation was in a production bubble on Monday, shortly after closing a $7.2 billion deal with Air Lease.
The private aviation industry in Europe has undergone a challenging few years, keeping step with the similarly challenging macro-economic environment.
Air Lease Corp places a huge order with Boeing, ordering 75, 737 MAX airplanes. James McNerney, Boeing chairman & CEO, discusses his company's growth strategies as global economies slow down and business competition heats up, with CNBC's Phil LeBeau.
New venues such as Singapore, Dubai and Bangalore have grown in importance with the global economy, but Farnborough is not an anachronism; it remains a premier venue to take the industry's pulse.
Defense manufacturers suffered a further blow on Wednesday as the UK became the latest European nation to announce military cutbacks as part of austerity measures.
The new chief executive of Airbus says he is ready to “bet” that the European aircraft maker’s planned new A350 widebody passenger jet will not suffer the same three-year delay that Boeing had with its 787 Dreamliner, the Financial Times reports.
Excalibur Almaz will charge wannabe astronauts an average of £100 million for a six to eight month journey exploring deep space
NASA killed a new X-ray telescope mission on Thursday, two years before its planned launch.
Amid the uproar about unmanned aircraft, researchers have been experimenting with the technology for years in many fields including combat.
As the two longest wars in American history come to a close, and defense spending decelerates, defense contractors are quickly devising ways to alter their war-time technology for commercial and civilian use.
Private space company SpaceX launched its "Falcon 9" rocket today. CNBC's Jane Wells discusses which defense companies face government cuts this year, and Jeff Kilburg, Kilburg Capital, weighs in on how to play the sector.
For the first time, a private company will launch a rocket to the International Space Station, sending it on a grocery run this weekend that could be the shape of things to come for America's space program.
The Farnborough International Airshow is the largest airshow of the year in Europe featuring military and civilian aircraft.
In this Guest Blog, former CEO Carly Fiorina shares her thoughts on the announcement that several tech billionaires are going to bankroll a venture to mine asteroids writing, "thank goodness America still has visionaries who understand that we must lead in space."
Check out Cramer's interview with chairman and CEO Dave Cote.
I know that spending potentially a trillion dollars over 50+ years to create and support a single jet program may sound a tad...excessive, but...wouldn't you want to fly one?
CNBC's Maria Bartiromo announces Alcoa's Q1 revenue earnings at $6.0 billion and speaks to Klaus Kleinfeld, Alcoa chairman/CEO.
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.