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
The discovery of huge deposits of so-called 'rare earth' minerals, used in high technology products, on the Pacific sea floor should ease long-term supply constraints and end a Chinese monopoly, which had been causing strategic concerns in the West, analysts said.
Planned job cuts rose to 41,432 jobs in June, an 11.6 percent increase on May, but the overall pace of downsizing is at the lowest level for 11 years, according to the monthly jobs report by Challenger, Gray & Christmas.
Cramer rounds out his list of America’s best companies with Honeywell International and Cummins.
CNBC's Michelle Caruso Cabrera takes a look at Brazil's Embraer seeing more demand over the past year.
In what may be one of the most fascinating pieces of space history, two sheets from the checklist Armstrong and Aldrin had on the Moon is up for auction next month at Bonhams. The sheets include handwritten notes by Aldrin scribbled as the two astronauts were on the lunar surface, shortly before Aldrin discovers a potentially fatal development.
NASA is giving its retiring space shuttles to museums in Cape Canaveral, Los Angeles and suburban Washington.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
Troy Lahr, aerospace & defense analyst, Stifel, Nicolaus & Co., says the aging U.S. air fleet means good news for Boeing, which should benefit over the long term. The company has a five-year backlog, which is likely to grow even longer with newer orders.
An outlook on the aeronautic defense and space industry as companies watch events in Libya closely, with Sean O'Keefe, EADS North America CEO.
Cramer makes the call on viewers' favorite stocks.
Cramer interviews Dave Cote, who as CEO, has turned Honeywell into an industry leader.
US and European diplomats are scrambling to get a clearer picture of the leadership of Libya’s besieged opposition movement after concluding that Muammer Gaddafi is unlikely to fall quickly like his counterparts in neighboring Egypt and Tunisia, the Financial Times reports.
EADS, the aerospace giant that brought you the A380, is setting its sights a little smaller and using nylon to get people on their bikes. “Known as the ‘Airbike,’ it is a bike with a difference. CNBC's Patrick Allen comments.
BAE Systems is braced for the imposition of strict curbs on its business by the U.S., as it moves closer to resolving a year-long review by the State Department of its guilty plea to a conspiracy charge last year, the Financial Times reported.
The decision by the Pentagon to hand a $30 billion contract to Boeing to supply refueling planes to the US Air Force has raised eyebrows across Europe and the defense industry as the tender had originally gone to a consortium led by Europe's EADS.
See what's happening, who's talking and what will be making headlines on Monday's Squawk on the Street.
The bears say no, but let’s hear it straight from the source—the CEO.
Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.
Plus, get calls on the “powerful bull market” taking place right now.
The past few years have been tough, but Rockwell Collins CEO Clay Jones said everything has been turning around.
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.