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Aerospace & Defense

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  • US Army secretary optimistic on relief from budget caps Wednesday, 25 Feb 2015 | 10:26 AM ET

    McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...

  • Goodyear settles on bribery charges Tuesday, 24 Feb 2015 | 12:37 PM ET
    Goodyear Tire and Rubber Co. to settle lawsuit with SEC of African bribe charges.

    The SEC said that Goodyear failed to prevent or detect more than $3.2 million in bribes in Kenya and Angola.

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • Abu Dhabi, Feb 24- U.S. drone makers are expecting a surge in sales of military and civilian drones to Gulf states after the State Department eased export rules last week, industry executives said on Tuesday. "With this new policy, we see a lot more activity, we are talking to a lot more countries in the Middle East," he said on the sidelines of the International Defence...

  • GOP considers short-term Homeland Security funding Tuesday, 24 Feb 2015 | 8:28 AM ET
    Senate Majority Leader Mitch McConnell (R-KY) walks from his office in the U.S. Capitol to the Senate chamber to open debate on a funding bill for the Department of Homeland Security February 23, 2015 in Washington, DC.

    As the deadline looms for a shutdown of the Department of Homeland Security, the Senate looks to a short-term extension.

  • MILAN, Feb 24- Italian conglomerate Finmeccanica has agreed to sell its rail assets to Japan's Hitachi in a potential 1.9 billion euro deal that will cut its debt by 15 percent and help it to refocus on aerospace and defence. Hitachi, meanwhile, will gain a stronger foothold in Europe to compete with bigger rivals such as Germany's Siemens and France's Alstom,...

  • Feb 23- Dubai Aerospace Enterprise Ltd, an aircraft leasing and maintenance company controlled by the government of Dubai, is looking to sell its aviation services unit, StandardAero, for more than $1.8 billion, according to people familiar with the matter. In 2007, state-owned DAE simultaneously purchased aircraft maintenance services company Landmark...

  • NEW YORK, Feb 23- U.S. stock index futures dipped on Monday, after the Dow and S&P closed at records on the heels of an agreement by euro zone finance ministers to extend Greece's bailout by four months provided it draws up a list of reforms. *Greece will present its economic reform plans on Monday to seal the euro zone financial lifeline, but the government drew...

  • NEW YORK— Lockheed Martin has agreed to pay $62 million to settle a class-action lawsuit that accused the defense contractor of mismanaging employee retirement accounts and using funds with excessive fees. Lockheed Martin agreed to settle in December, but terms of the settlement were disclosed for the first time Friday. In settling the case, Bethesda,...

  • Space station preps for 'space taxis' Friday, 20 Feb 2015 | 4:27 PM ET
    The mirrorlike visor of NASA astronaut Reid Wiseman reflects fellow astronaut Barry Wilmore during their Oct. 15, 2014, spacewalk outside the International Space Station.

    A spacewalk to prep the International Space Station for commercial spacecraft was delayed, but plans to reopen the American docks will go on.

  • Barnes Group tops 4Q profit forecasts Friday, 20 Feb 2015 | 6:51 AM ET

    BRISTOL, Conn. _ Barnes Group Inc. on Friday reported fourth-quarter net income of $31.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share. Barnes Group expects full-year earnings in the range of $2.42 to $2.57 per share.

  • Stacy Keach moderates Point/Counterpoint  Thursday, 19 Feb 2015 | 2:51 PM ET

    Is Pinterest really worth $11 billion? Blackberry sues Ryan Seacrest. And letting rich people pay for space travel, with CNBC's Brian Sullivan and Melissa Lee.

  • BENGALURU, Feb 19- Russia is confident it can sign a long-delayed final agreement with India this year to jointly produce a new generation stealth fighter jet, the aircraft manufacturer's president said on Thursday. Russia and India have been haggling over the terms of the Fifth Generation Fighter Aircraft program since the two countries first signed an...

  • WASHINGTON, Feb 18- Lockheed Martin Corp executives said on Wednesday they were confident the company would not face capacity constraints working on both the F-35 program and a new bomber if the U.S. Air Force chose its joint bomber bid with Boeing Co.. Boeing is the prime contractor for the bid. The U.S. Air Force has said it plans to award a contract for development...

  • India's ailing air force at risk in tough neighborhood Wednesday, 18 Feb 2015 | 7:59 PM ET

    India's air force risks falling behind China and Pakistan if it doesn't get new warplanes or if local defense contractors can't close the gap quickly.

  • CAIRO— Egypt signed agreements to purchase 24 advanced fighter jets from France on Monday, hours after Egyptian aircraft bombed Islamic State targets in Libya and implored foreign governments for help fighting extremists in the region. The deal for 24 of Dassault Aviation's multi-role Rafale aircraft as well as a frigate and munitions, underlines how many...

  • WASHINGTON— Drone on, the government says. Just not through the night sky. The Federal Aviation Administration released a variety of proposed requirements for commercial operators to meet, such as passing a knowledge test administered by the agency as well as a federal security check.

  • Obama sets out privacy rules for government drones Sunday, 15 Feb 2015 | 10:43 AM ET

    WASHINGTON— As the U.S. prepares to see more drones aloft in coming years, President Barack Obama is taking steps to ensure that the government respects privacy and civil liberties when it uses the unmanned aircraft to collect information. Obama issued a memorandum to federal agencies Sunday specifying measures to guard against abuse of data collected in...

  • WASHINGTON— The government is readying rules largely favorable to companies that want to use small drones for commercial purposes, according to a federal analysis, potentially leading to the widespread flights by unmanned aircraft performing aerial photography, crop monitoring, inspections of cell towers and bridges and other work.

  • Boeing wins $403 mln upgrade deal for Japan govt Friday, 13 Feb 2015 | 7:09 PM ET

    WASHINGTON, Feb 13- Boeing Co has won a contract valued at $403 million to upgrade four 767- based airborne warning and control aircraft for the government of Japan, the Pentagon said in its daily list of major contract awards on Friday. The contract is a modification of an earlier award, and includes upgrades of four E-767 Japan Airborne Warning and Control...

Defense Contractors

  • 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.