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Aerospace & Defense

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  • Giant leap for private space travel   Friday, 13 Mar 2015 | 11:00 AM ET
    Giant leap for private space travel

    Bigelow Aerospace is preparing to ship an inflatable space habitat to be tested by NASA at the space station later this year. Robert Bigelow, NASA's William Gerstenmaier, and astronaut George Zamka describe the risks, and Bigelow's plans for the moon.

  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • Why UTC may spin off Sikorsky copter unit: CEO Thursday, 12 Mar 2015 | 8:48 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Spinning off Sikorsky from UTC would give shareholders a choice between owning two businesses, CEO Gregory Hayes tells CNBC.

  • ISIS and Russia threaten—and NATO cuts spending Wednesday, 11 Mar 2015 | 6:14 PM ET
    An Italian sailor from the frigate "Alieso" removes a cover from a cannon in the Black Sea port of Varna, Bulgaria, March 9, 2015.

    NATO is more relevant now than it has been since the end of the Cold War with threats from both Russia and ISIS, but funding is an issue.

  • CAPE CANAVERAL, Fla., March 11- A beefed-up space shuttle solid rocket motor passed a two-minute test firing in Utah on Wednesday, a key milestone toward the debut flight of NASA's deep-space launcher in 2018, the U.S. space agency said. Anchored horizontally to a test stand in the desert in Promontory, Utah, the five-segment motor, built by Orbital ATK, ignited at...

  • The Navy's top uniformed officer told Reuters he expected to finalize the annual wish list for U.S. lawmakers this week so it can be reviewed by Navy Secretary Ray Mabus; the chairman of the Joint Chiefs of Staff; and Defense Secretary Ashton Carter. Greenert said the Navy faces a possible shortfall of two to three squadrons of strike fighters, or up to 36 airplanes,...

  • Billionaire teams up with NASA to mine the moon Tuesday, 10 Mar 2015 | 10:00 AM ET
    Tether Test MoonExpress

    Naveen Jain is planning to harvest resources from the moon. His MX-1 lunar lander is expected to blast off from Cape Canaveral in 2016.

  • NEW YORK, March 10- U.S. aerospace company Exelis Inc is close to unveiling a low-altitude surveillance system for drones, the latest sign of how a "highway in the sky" is likely to evolve. But the National Aeronautics and Space Administration is working with Exelis and other companies, universities and government agencies, to develop an air traffic management...

  • Alcoa acquires RTI Metals: CEO   Monday, 9 Mar 2015 | 9:43 AM ET
    Alcoa acquires RTI Metals: CEO

    Klaus Kleinfeld, Alcoa CEO, discusses his company's acquisition of the titanium supplier and its investment in aerospace.

  • Can Russia sustain its defense spending levels?   Monday, 9 Mar 2015 | 2:45 AM ET
    Can Russia sustain its defense spending levels?

    Ben Moores, senior defense and aviation analyst at IHS says Russia can probably sustain ramped-up defense spending levels for 18-24 months.

  • March 9- Drones, or unmanned aerial vehicles, are a hot ticket in Silicon Valley, but U.S. government dithering over regulations has given overseas companies a head-start in figuring out how best to exploit them. But for years, the Federal Aviation Administration, the authority largely responsible for regulation in the United States, has dragged its feet, only...

  • Robot vs robot: But will a US team win? Thursday, 5 Mar 2015 | 4:05 PM ET
    Team NimbRo Rescue from Germany will participate in the DARPA Robotics Challenge Finals.

    Robots will face off in a competition hosted by DARPA, a U.S. agency, but the government directly benefits only if a U.S. team wins.

  • Tilt-rotor goes commercial   Thursday, 5 Mar 2015 | 1:39 PM ET
    Tilt-rotor goes commercial

    A commercial version of the Pentagon's most controversial airplane may hit the market, reports CNBC's Jane Wells.

  • BERLIN, March 5- Germany has a budget of 2.5 billion euros for 4-6 new warships and plans to issue a tender open to European firms, with the contract settled by 2017 for delivery from 2023, a defence ministry source said on Thursday. Military sources said plans to develop the new ship with the Netherlands appeared to have been abandoned because its needs were too...

  • Air Force acquisition chief William LaPlante said the Air Force would likely also adopt a "cost-plus" type contract for the development phase of the new bomber, given that it would include more new technologies than mature technologies. The Air Force expects to award a contract valued at $50 billion to $80 billion this summer for development and procurement of...

  • Sikorsky said it was still working out details, but any deal with the Army would likely include more government-handed depot maintenance than the $2 billion deal that Sikorsky and Lockheed Martin Corp were awarded on Friday by the U.S. Navy for servicing its MH-60 Sea Hawk helicopters. Mitchell said the talks with the Army were still in the early stages, but he...

  • 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...

  • LONDON, Feb 27- European shares held steady at seven-year highs on Friday as investor confidence stayed buoyant ahead of the European Central Bank's monthly 60- billion-euro money-printing programme set to start in March. "The market's had a good run and it's the end of the month so we're going to see it drift lower today as people book some profit," ETX Capital's...

  • LONDON, Feb 27- European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. About two-thirds of the way into Europe's earnings season, 55 percent of companies have met or beaten profit forecasts. Overall, fourth-quarter earnings are...

  • Volkswagen, Embraer summoned in Brazil dictatorship probe Thursday, 26 Feb 2015 | 11:46 AM ET

    SAO PAULO, Feb 26- A "truth commission" investigating crimes during Brazil's 1964-1985 military dictatorship has summoned Germany's Volkswagen AG and five local companies to testify whether their collaboration with the regime led to rights abuses. The other companies are Brazilian aircraft maker Embraer SA, industrial firms Grupo Aliperti and Cobrasma SA,...

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.