NEW YORK, Dec 5- Wencor Group, a private equity-owned manufacturer of commercial aircraft parts, is exploring a sale that could fetch around $600 million, according to people familiar with the matter.» Read More
WASHINGTON, Nov 6- The MEADS missile defense system developed by the United States, Italy and Germany intercepted and destroyed two targets simultaneously in a final test on Wednesday before Washington pulls out of the program, Lockheed Martin Corp said.
*1,775 job cuts to hit Portsmouth, Filton and Scotland. LONDON, Nov 6- Defence contractor BAE Systems plans to lay off 1,775 ship workers across the UK as the biggest warships Britain has ever built near completion with no similar-sized orders on the horizon.
SEATTLE, Nov 5- Boeing Co is set to build key parts of its newest jet, the 777 X, in the Seattle area providing Washington state passes legislation extending financial incentives for the plane maker and Boeing machinists approve a long-term work contract.
India launched the Mars Orbiter Mission on Tuesday, which will start orbiting the planet by September next year.
CNBC's Tyler Mathisen and Dominic Chu report on Lockheed Martin's new SR-72 concept aircraft that moves at six times the speed of sound.
Dean Cheng, Senior Research Fellow at the Heritage Foundation explains why India's mission to Mars is not all about the space race.
The step would mark an extension of Prime Minister Shinzo Abe's efforts to bolster the self-reliance of Japan's military and could open an overseas market worth tens of billions of dollars in coming years for the country's defence contractors. Japan's post-war constitution, written by the U.S.-led occupation forces, renounced war and a standing army.
Nov 1- Spirit Aerosystems Holdings Inc, a major supplier of aircraft components to Boeing Co and Airbus, reported a 10 percent rise in quarterly revenue due to strong demand for large commercial aircraft.
CNBC's Jane Wells reports that or the first time an F-35 dropped a 500 pound laser guided bomb and successfully connected with its target on the ground.
TORONTO, Oct 31- Canadian plane and train maker Bombardier Inc reported a 15 percent fall in net profit on Thursday, pressured by fewer aircraft orders and deliveries in the third quarter and contract issues in its train unit. The results came in below expectations and sent shares falling 8 percent on the Toronto Stock Exchange.
*Radical restructuring should involve Congress- expert. WASHINGTON, Oct 29- The U.S. House Armed Services Committee on Tuesday kicked off a fresh drive to fix the way the Pentagon buys weapons and services, vowing to "look past Band-Aid fixes and parochial interests" and implement meaningful reforms.
FRANKFURT, Oct 29- Boeing has delayed the delivery of Lufthansa's first 777 F freighter plane, just a few days before it was due to land amid ceremony in Frankfurt, while the aircraft maker carries out minor repairs to the left wing. Boeing said it noticed during final delivery inspections that some "minor rework" was required, but declined to be more specific.
SEOUL, Oct 29- A task force formed by South Korea's defence ministry to re-examine its fighter jet requirements is likely to reaffirm the need for a stealthy fifth generation fighter, giving a boost to Lockheed Martin Corp's F-35 programme, according to several industry sources familiar with the tender.
WASHINGTON, Oct 28- Turkey has asked the United States to extend the pricing on Raytheon Co's Patriot missile defense system proposal, two sources familiar with the discussions told Reuters on Monday, a sign that Ankara is keeping its options open in case its talks with the preferred Chinese supplier fall through.
Reports that Emirates Airline was poised to sign a $30 billion 100-jet deal with Boeing drew a swift refusal to comment from the carrier on Monday.
Due to the uncertainties in Washington, it is a difficult time for the defense business, says Linda Hudson, Bae Systems CEO. She says 1,200 workers were out of work due to the shutdown and shifting Bae System's portfolio into military equipment and high tech electronics.
*Air Force may buy up to 100 bombers at up to $550 mln each. WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on a new U.S. Air Force long-range bomber program, a multibillion-dollar project that U.S. Air Force officials have described as a top acquisition priority.
The 16-day federal government shutdown in October will be a headwind at Southwest Airlines in the final three months of the year, chairman and CEO Gary Kelly told CNBC.
WASHINGTON, Oct 23- General Dynamics Corp, the maker of Gulfstream business jets and U.S. Navy warships, reported higher earnings and operating margins for the third quarter despite a dip in revenue, and nudged its full-year earnings forecast higher.
*Full-year EPS seen at $8.00- $8.15. WASHINGTON, Oct 23- Northrop Grumman Corp, maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings and raised its forecast for full-year profit even as U.S. military spending cuts start to bite.
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.