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Aerospace & Defense

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  • Bill would expand stealth bomber tax credit Thursday, 14 Aug 2014 | 8:20 PM ET

    In July, lawmakers grudgingly approved a $420 million tax credit that would benefit a joint bid being submitted by Boeing Co. and Lockheed Martin Corp. The governor signed the fast-tracked AB2389 into law after his office assured competitor Northrop Grumman Corp. that it would receive a similar deal.

  • WASHINGTON, Aug 14- Boeing Co has won an initial contract worth $296 million to buy parts needed for production of 12 more P-8A spy planes, including eight for the U.S. Navy and four for the government of Australia, the Pentagon announced Thursday.

  • Airline safety videos gone wild, funny and strange Wednesday, 13 Aug 2014 | 11:36 AM ET

    Airlines from the United States and abroad have turned the in-flight safety video into an art form in recent years. We found the most entertaining.

  • Aug 12- A team of Boeing Co and Sikorsky Aircraft Corp and Textron Inc's Bell Helicopter have been selected to build prototypes of a multi-role vertical-lift aircraft as part of the U.S. Army's plan to replace thousands of helicopters.

  • Connecticut seeks training for manufacturing jobs Saturday, 9 Aug 2014 | 8:56 AM ET

    HARTFORD, Conn.— A low-cost state loan to train manufacturing workers is drawing support from business groups that say Connecticut is ill-prepared for an increase in aerospace and other high-tech factory work, but some economists are dismissing the complaint as overblown.

  • Boeing, United Tech stockpile Russian parts: Report Friday, 8 Aug 2014 | 8:21 AM ET
    A nearly completed Boeing 777 reaches the end of a production line at the company's facility in Everett, Washington.

    Boeing and United Technologies have been amassing titanium parts from Russia in case global tensions disrupt supply of the metal.

  • NEW DELHI, Aug 7- India has offered to significantly increase an order for U.S. attack helicopters, Indian officials said, as U.S. India has offered a follow-on order of 39 AH-64D Apache helicopters in addition to the 22 now being negotiated, an Indian Defence Ministry official said.

  • WASHINGTON, Aug 7- The fifth of six U.S. test sites chosen to perform research on unmanned aircraft systems, or drones, has started operations in Rome, New York, the U.S. Federal Aviation Administration said on Thursday.

  • NEW DELHI, Aug 7- India has offered to increase an order for U.S. India and the United States have rapidly expanded military sales in recent years, despite discord in areas such as trade and intellectual property rights.

  • SYDNEY, Aug 6- Dutch oil industry services firm Fugro is to lead Australia's search of the Indian Ocean seafloor where missing Malaysia Airlines flight MH370 is believed to lie, hoping to solve the mystery of its disappearance five months ago.

  • SpaceX to Texas     Wednesday, 6 Aug 2014 | 10:55 AM ET
    A SpaceX Falcon 9 rocket, attached to the Dragon, a cargo-only capsule, lifts off from the launchpad in Cape Canaveral, Florida

    Mayor Tony Martinez of Brownsville, Texas, discusses plans for SpaceX to build a privately operated launch site on the state's Gulf Coast for commercial missions.

  • SINGAPORE, Aug 6- Indonesia's Lion Group, which boasts an order backlog of about 500 Boeing and Airbus aircraft, has clinched the first deal for its leasing subsidiary in a key diversification move for one of the world's fastest-growing airlines.

  • American Air scraps some first-class meals Tuesday, 5 Aug 2014 | 12:41 PM ET

    American Airlines is dropping meals for premium passengers on some short flights.

  • July 31- An employee complaint exposed accounting misconduct at L-3 Communications Holdings Inc, according to people familiar with the matter, prompting the aerospace and defense supplier to fire four people, revise two years of earnings statements and cut its earnings forecast.

  • July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.

  • UPDATE 2-L-3 discloses accounting misconduct, fires four Thursday, 31 Jul 2014 | 12:29 PM ET

    *L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and cost overruns in the company's aerospace business.

  • *L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business.

  • July 31- L-3 Communications Holdings Inc said it had fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business. L-3 said it expected a related reduction of about $43 million in net sales and a pre-tax charge of $84 million.

  • The $1.5 trillion plane that broke the Air Force Thursday, 31 Jul 2014 | 8:35 AM ET
    The U.S. Navy variant of the F-35 Joint Strike Fighter.

    The U.S. Air Force is calling for an end to big-ticket items like the error-ridden F-35 in order to save money. Fiscal Times reports.

  • July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.

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.