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Aerospace & Defense

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  • Defense, tourism among winners in spending bill Tuesday, 16 Dec 2014 | 2:04 AM ET

    WASHINGTON— A Michigan boot-maker, potato farmers and more than 1,200 contractors that supply parts for a next-generation fighter plane are among the many winners in the $1.1 trillion omnibus spending bill passed by Congress. The travel and tourism industry won a six-year renewal of the Corporation for Travel Promotion, or Brand USA, to promote tourism in the...

  • Boeing ups buyback plan to $12B; raises dividend Monday, 15 Dec 2014 | 5:34 PM ET

    CHICAGO— Boeing said Monday that it is increasing its quarterly dividend and increasing its stock buyback plan to $12 billion. It bought $6 billion worth of shares in 2014. Boeing expects to buy back the stock under the new program over the next two to three years. Shares of The Boeing Co. increased $1.31 to close at $122.08 Monday, but have dropped 11 percent this...

  • Schumer: Investigate expensive airplane tickets Monday, 15 Dec 2014 | 12:29 PM ET
    Sen. Charles Schumer

    Sen. Charles Schumer is calling for federal investigations of high airfares, questioning why they're not dropping along with fuel costs.

  • Alcoa buying Tital to help expand aerospace unit Monday, 15 Dec 2014 | 10:17 AM ET

    NEW YORK— Alcoa is buying a Germany titanium and aluminum structural castings company, Tital, to help expand its global aerospace business. Alcoa, which is based in New York with key operations in Pittsburgh, has been shifting from mining and smelting aluminum to making products that can be shaped into parts for autos and airplanes. Alcoa Inc. also said that...

  • Alcoa's big aerospace bet  Monday, 15 Dec 2014 | 9:40 AM ET

    CNBC's Jim Cramer speaks to Klaus Kleinfeld, Alcoa chairman & CEO, about the company's purchase of Germany based TITAL and further expansion into aerospace.

  • UPDATE 1-Honeywell gives muted 2015 revenue forecast Monday, 15 Dec 2014 | 8:53 AM ET

    Dec 15- Honeywell International Inc, a maker of aircraft parts and electronic equipment, forecast lower-than-expected sales for the next year, citing slow global economic growth. Honeywell said it expects sales of $40.5 billion- $41.1 billion and a profit of $5.95- $6.15 per share for 2015. The company reaffirmed its 2014 profit forecast.

  • SeaWorld and Adobe are big market movers Friday, 12 Dec 2014 | 4:36 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. SeaWorld Entertainment Inc., down 32 cents to $15.77. Esterline Technologies Corp., down $13.90 to $103.63.

  • NEW YORK, Dec 12- Americans shopping for toy remote-controlled airplanes or helicopters may find, sometime in the near future, that they come with unexpected accessories: A raft of new regulations. The Federal Aviation Administration, by the end of the month, is expected to propose new rules governing small unmanned aircraft systems, the first major overhaul of...

  • London airspace recovers from failure: Eurocontrol Friday, 12 Dec 2014 | 12:55 PM ET
    An airliner comes in to land at Heathrow Airport in London, Aug. 11, 2014.

    The London airspace is recovering from a computer failure that caused a brief closure of the airspace, Eurocontrol said on Friday.

  • Pentagon lays out plan for new combat ship Thursday, 11 Dec 2014 | 6:08 PM ET

    WASHINGTON— Struggling to overcome nagging problems with its littoral combat ship, the Pentagon on Thursday announced that the Navy will upgrade the program and build a more lethal fighting vessel that can better survive today's volatile security threats. Defense Secretary Chuck Hagel has approved the Navy's plan to build a new small surface combatant...

  • Esterline Technologies reports 4Q loss Thursday, 11 Dec 2014 | 4:15 PM ET

    BELLEVUE, Wash. _ Esterline Technologies Corp. on Thursday reported a loss of $3.5 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share. Analysts expected $557.2 million, according to Zacks.

  • Italy to run F-35 fighter jet service center Thursday, 11 Dec 2014 | 4:04 PM ET

    MILAN— Italy's defense minister and the U.S. ambassador to Italy announced Thursday that an Italian site run by defense contractor Finmeccanica has been designated as the assembly site and maintenance center for all F-35 fighter jets based in Europe. The deal announced in Rome is a boost for Italy, which is suffering from double-digit unemployment and...

  • Report: Rotor detached before deadly chopper crash Thursday, 11 Dec 2014 | 11:16 AM ET

    SALT LAKE CITY— Safety inspectors say mechanics had worked on the main rotor of a helicopter and were taking it for a test flight when the rotor came off and the chopper crashed into a building near Salt Lake City. The National Transportation Safety Board has released a brief preliminary report about the crash that killed two men Dec. 2. The agency says the...

  • Polish leader hails purchase of US missiles Thursday, 11 Dec 2014 | 8:42 AM ET

    POZNAN, Poland— Poland's defense minister praised long-range missiles the country is buying from the U.S. as the most modern military equipment Poland has ever had and said that they are especially needed at this time of tension in the region. A NATO member, Poland for years has worked to modernize a military once based on Soviet-built equipment.

  • Lockheed's new headache  Wednesday, 10 Dec 2014 | 1:10 PM ET
    F35-A fighter jet

    CNBC's Jane Wells reports on the latest problems surrounding Lockheed's F-35 fighter jet.

  • German defense company fined over Greek arms deals Wednesday, 10 Dec 2014 | 12:50 PM ET

    Rheinmetall AG said Wednesday that the payment by its Rheinmetall Defence Electronics division will end legal proceedings over the alleged "unauthorized payments." Rheinmetall says the division was accused of "failing to detect and prevent suspicious payments to sales partners due to inadequate internal controls. Rheinmetall shares closed 2 percent...

  • FAA approves 4 firms to fly commercial drones Wednesday, 10 Dec 2014 | 11:18 AM ET
    A drone aircraft is shown flying over vineyards in this Sept. 9, 2014 photo.

    Four companies won approval to fly commercial drones to conduct aerial surveys, monitor construction sites and inspect oil flare stacks, USAT reports.

  • Under pressure, Lockheed opens up about secret unit Wednesday, 10 Dec 2014 | 8:32 AM ET

    Lockheed Martin, the Pentagon's No. 1 weapons supplier, has rarely felt the need to blow its horn about its secrecy-shrouded crown jewel - until now.

  • PALMDALE, Calif., Dec 10- Lockheed Martin Corp's Skunk Works was the driving force behind development of many well-known U.S. military aircraft, including the famed "Blackbird" or SR-71 spy plane that could fly from New York to Los Angeles in just over an hour. *While focused mainly on aircraft, it has developed other weapons, including the Joint Air- to-Surface...

  • Air base prepares in case F-35 can't take hot fuel Tuesday, 9 Dec 2014 | 5:55 PM ET
    Lockheed Martin and 33rd Fighter Wing maintainers work with 96th Fuels Flight Airmen during a dual hot pit session at Eglin Air Force Base, Fla.

    In the long bumpy road toward the F-35 fighter's deployment, nothing may be stranger than the story about hot fuel.

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.