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Aerospace & Defense

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  • UPDATE 1-Airbus to file complaint in German spy scandal Thursday, 30 Apr 2015 | 2:03 PM ET

    BERLIN, April 30- Airbus Group said on Thursday it planned to complain to the German authorities over reports that the country's foreign intelligence agency had helped the United States to spy on it and other European firms. "We've asked the government for more information," an Airbus spokesman in Germany said. Earlier, when asked about the reports on a call with...

  • Teledyne meets 1Q profit forecasts Thursday, 30 Apr 2015 | 9:03 AM ET

    THOUSAND OAKS, Calif. _ Teledyne Technologies Inc. on Thursday reported first-quarter net income of $43.7 million. Teledyne expects full-year earnings to be $5.60 to $5.65 per share. Teledyne shares have climbed slightly more than 5 percent since the beginning of the year.

  • PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as concerns of Iran's growing influence...

  • PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as fears of Iran's growing influence in...

  • *China's Avic forecast to become world's biggest drone maker. While its technology lags the United States and Israel, the biggest vendors of unmanned aerial vehicles, China is attracting a growing list of foreign buyers including Nigeria, Pakistan and Egypt. Market researcher Forecast International pegged the value of production for military drones...

  • Unmanned Russian spaceship expected to crash Wednesday, 29 Apr 2015 | 4:35 PM ET
    An unpiloted Progress resupply vehicle is shown approaching the International Space Station.

    The Russian vessel Progress 59, which experienced difficulties soon after entering the orbit on Tuesday, will crash into Earth.

  • April 29- U.S. arms maker Northrop Grumman Corp on Wednesday said first quarter earnings were weakened by pension adjustments and tighter aerospace margins, but profits and sales topped Wall Street forecasts and the company raised its full year outlook. Net earnings declined to $484 million, or $2.41 per share, from $579 million, or $2.63 per share, a year earlier.

  • Dozens of American Airlines flights delayed by map glitch Wednesday, 29 Apr 2015 | 12:46 PM ET

    FORT WORTH, Texas— More than 50 American Airlines flights have been delayed in the past two days by a glitch in navigation-map software loaded on pilots' iPads. A spokeswoman for the airline, Andrea Huguely, said that pilots were deleting and reinstalling the map app to fix the problem. The software was made by Jeppesen, a division of aircraft manufacturer Boeing...

  • WASHINGTON, April 28- The U.S. State Department has approved the sale of $1.5 billion in maintenance services, spare parts and logistics for Australia's fleet of Boeing Co F/A-18E/F and EA-18G fighter jets, the Pentagon said on Tuesday. The Defense Security Cooperation Agency, which executes foreign military sales, notified Congress on Tuesday about the...

  • The approach will draw increasingly on lessons learnt from outside the aerospace industry and comes as the focus of the intense rivalry between Boeing and Airbus shifts towards production strategies after a record boom in orders. "I think the 777 X will be our first opportunity to show the ideas that we have to date," said Walter Odisho, Boeing's vice president of...

  • Airbus A380 hits 10-year anniversary: What's next?

    George Hamlin, president of Hamlin Transportation Consulting, discusses the future outlook for the A380, which is one of the world's biggest aircraft.

  • PARIS, April 27- Sweden's Saab AB on Monday ruled out facilitating the sale of Gripen fighter aircraft to Argentina as the result of a deal to build and export combat jets from Brazil. Saab said it was not involved in any discussions involving Argentina. Saab has sold 60 Gripen Es to Sweden and is finalizing an order for another 36 to Brazil, which will also...

  • LINKOPING, Sweden, April 27- Swedish defense company Saab said on Monday there was growing interest for its Gripen fighter jet from countries spread across Russia's European flank, amid rising tensions rise over Ukraine. Czech Republic and Hungary already operate 14 Gripens each under leases, and a senior Saab executive said he was open to more such deals as...

  • *Airbus not ready to decide whether to upgrade the A380. *Airbus, Rolls-Royce may seek European loans for project. PARIS, April 24- Europe's Airbus pledged on Friday to boost sales of its A380 superjumbo, as the world's largest passenger jet prepares to celebrate a bitter-sweet 10- year anniversary in the skies having booked no new airline orders since 2013..

  • Barnes Group tops 1Q profit forecasts Friday, 24 Apr 2015 | 6:45 AM ET

    BRISTOL, Conn. _ Barnes Group Inc. on Friday reported first-quarter net income of $29.1 million. Barnes Group expects full-year earnings in the range of $2.45 to $2.60 per share. Barnes Group shares have increased slightly more than 9 percent since the beginning of the year.

  • Hubble Space Telescope marks 25-year milestone   Friday, 24 Apr 2015 | 6:19 AM ET
    Hubble Space Telescope marks 25-year milestone

    It was a quarter of a century ago that NASA launched the Hubble telescope aboard the space shuttle Discovery, reports NBC's Kurt Gregory.

  • NATO cyber war drills to focus on Russia: Expert Thursday, 23 Apr 2015 | 9:01 AM ET
    Hacking hacker cyber security

    NATO cyber security drills in Estonia this week are likely to mimic attacks launched by Islamic State extremists and Russia, one expert told CNBC.

  • Boeing beats well above guidance   Wednesday, 22 Apr 2015 | 7:30 AM ET
    Boeing beats well above guidance

    CNBC's Phil LeBeau breaks down Boeing's better-than-expected quarterly results.

  • PARIS, April 22- Safran pledged to meet performance targets on its latest jet engine as it unveiled a higher-than-expected 14 percent jump in first-quarter sales on Wednesday. Safran said its widely watched civil aftermarket grew 17.8 percent in dollar terms, driven by first overhauls of recent CFM56 engines as well as GE's GE90, in which Safran has a stake.

  • Released just days before the April 24 deadline for public comment on newly proposed FAA drone regulations, the report's sponsors include companies that are involved in drone technology or hope to use the devices to cope with hurricanes, earthquakes, wild fires and other disasters. The sponsors include Boeing Co, Lockheed Martin Corp, United Parcel Service...

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.