Northrop spokesman Randy Belote declined comment on the report, referring queries to the Air Force. Officials at the Air Force and Pentagon also declined comment. News about the RQ-180 comes after the Air Force last year sought to halt funding for Northrop's high-altitude, non-stealthy Global Hawk plane despite resistance from Congress.» Read More
Raytheon reported slightly lower third-quarter profit Thursday, hurt by losses from a unit it is selling, and forecast next year's profit below Wall Street's average estimate, sending its shares down almost 3 percent.
Boeing said Wednesday third-quarter profit rose more than expected, helped by higher deliveries of commercial planes, but it scaled back its revenue forecast for next year due to delays on its 787 Dreamliner and slowing growth at its defense unit.
Both General Dynamics and Northrop Grumman beat Wall Street expectations Wednesday with their quarterly profit, as rising demand helped the defense-sector companies post bumper revenues.
Lockheed Martin, on Tuesday posted a third-quarter profit that beat Wall Street expectations, helped by higher sales of its jet fighters and electronic warfare systems, but it forecast profits for next year slightly below analysts' estimate.
The head of French media group Lagardere survived a challenge to his seat on a new board at Airbus parent EADS on Monday despite calls from minority shareholders that he should step down.
Defense and aerospace group Saab on Friday posted third-quarter pretax earnings short of forecasts and said it expected overall 2007 growth would be in line with last year.
Southwest Airlines, the leading U.S. low-cost carrier, said on Thursday that third-quarter earnings rose as higher ticket prices and fuller planes fueled record revenue.
Boeing named Pat Shanahan as vice president and general manager of the 787 program, succeeding Mike Bair, who will become vice president of business strategy and marketing for commercial airplanes, both effective immediately.
BAE Systems Chief Executive Mike Turner will step down as CEO and leave the board in August 2008, Europe's largest defence company said on Tuesday.
European aircraft maker Airbus delivered its first long-awaited A380 to Singapore Airlines Monday, finally giving parent EADS some good news to trumpet after two years of delays in delivering the world’s largest passenger aircraft and recent allegations of insider trading at the company.
A slew of companies will be reporting third-quarter results, and investors will be watching not only for the latest figures but what companies predict about future profits.
Better-than-expected earnings from mobile-phone company Sony Ericsson boosted telecommunications stocks in Europe and added to a firm close for the major indexes Monday.
Boeing said Wednesday it would delay initial delivery of its 787 Dreamliner for six months due to challenges completing assembly of the first planes.
Market is dealing with several problems today: 1) Boeing down more than 3% after it delayed deliveries of its 787 Dreamliner for six months, due to problems assembling the plane. Though they say it won't materially hurt 20087 or 2008 earnings, it is still a surprise.
Diversified manufacturer Textron said Monday it had agreed to buy United Industrial in a deal valued at $1.1 billion, in a move to strengthen its aerospace and defense businesses.
As recession fears recede, investors show an increasing willingness to bet on another interest rate cut from the Federal Reserve.
Discussing leadership, motivation and career success with Jack Welch, former General Electric chairman & CEO.
Billionaire investor Carl Icahn further boosted his stake in BEA Systems to 13.22%, according to a regulatory filing.
Spanish funds within a group looking to buy Spanish carrier Iberia will control both the board and hold the majority of its capital if successful, an industry source told Reuters on Thursday.
Just as Airbus hoped to start selling its oft-delayed superjumbo as a success story, a report of "massive insider trading" at parent company EADS leaked to the media -- raising the question of whether the beleaguered company can ever get ahead of its problems.
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.