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Aerospace & Defense


  • Profits will rise 10% next year: Ryanair   Tuesday, 26 May 2015 | 1:30 AM ET
    Profits will rise 10% next year: Ryanair

    After posting a 66 percent rise in net income for the full year ending in March, Neil Sorahan, CFO of Ryanair, discusses the outlook for the next year.

  • We're not starting long-haul flights: Ryanair   Tuesday, 26 May 2015 | 1:30 AM ET
    We're not starting long-haul flights: Ryanair

    Neil Sorahan, CFO of Ryanair, says the Gulf carriers have "mopped up" all of the long-haul aircraft available and the Irish company would not be offering those flights soon.

  • TOKYO— Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern. Doubts are growing about whether Japanese supplier Takata Corp. has the financial muscle to deal with all the defects, a...

  • LONDON— The head of the U.K. arm of Airbus has warned the aerospace company would reconsider its investments in Britain should the country vote to leave the European Union. Kahn says that should Britain vote to leave, Airbus would reconsider future investment if business conditions were more favorable in other parts of Europe. Airbus also has European...

  • BATH, Maine— The U.S. Department of Defense has awarded Bath Iron Works an $11.3 million contract modification to work on maintenance systems for the entire littoral combat ship program. The contract modification was awarded Tuesday to General Dynamics, the parent company of BIW, by the Navy's Southwest Regional Maintenance Center in San Diego.

  • KLX misses 1Q profit forecasts Wednesday, 20 May 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $17.9 million. The Wellington, Florida- based company said it had net income of 34 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

  • United Technologies closes in on Sikorsky sale: DJ Tuesday, 19 May 2015 | 6:28 PM ET
    Aircraft technicians assemble an S-76D helicopter at  in Sikorsky Global Helicopters in Coatesville, Pennsylvania, October 16, 2014.

    United Technologies began exploring strategic alternatives for the helicopter business, including a spinoff, earlier this year.

  • BRUSSELS— Germany, France and Italy have pledged cooperation to jointly develop a "Euro-drone" for intelligence-gathering and surveillance of the skies. The three on Monday committed to a two-year study to have a Remotely Piloted Aircraft System ready within a decade. The nations also see the project as a way to strengthen defense cooperation in Europe's...

  • WASHINGTON, May 15- The U.S. Air Force's acquisition chief said on Friday he expects the Air Force to announce the winner of a hard-fought competition to build a new long-range strike bomber in one to two months. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team of Boeing Co and Lockheed Martin Corp to build 80 to 100 new LRS-B aircraft for the...

  • A Philippine cove once opposed a major naval base, fearing it would bring bars and brothels, but fear of China means locals now approve.

  • MONTREAL/ TORONTO, May 14- Bombardier Inc said Thursday it plans to cut 1,750 jobs in its business-jet division, about 15 percent of jobs in that unit, due to weaker demand, in the latest setback for the Canadian train and aircraft maker. "Economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order...

  • UPDATE 1-Bombardier business jet unit to cut 1,750 jobs Thursday, 14 May 2015 | 8:11 AM ET

    TORONTO, May 14- Bombardier Inc, the Canadian train and aircraft maker, said on Thursday it plans to cut 1,750 jobs in its business jet division, mainly due to weaker demand for its Global business jets. "Current economic conditions and geopolitical issues in some market regions, such as Latin America, China and Russia, have impacted order intake levels...

  • MONTREAL— Bombardier, one of the world's biggest manufacturers of planes and trains, said Thursday it will cut about 1,750 employees in Montreal, Toronto and Ireland over the coming months because of weak demand for its largest business jets. Up to 1,000 of the lost jobs will be in Montreal, where Bombardier has its main operations, while 480 positions will be...

  • China may delay maiden flight of homegrown jet Wednesday, 13 May 2015 | 8:43 PM ET

    The maiden flight of China's homegrown commercial jet, the Comac C919, is behind schedule and delivery may be delayed as much as two years, sources said.

  • May 13- United Continental Holdings Inc on Wednesday announced plans to lease up to 25 used aircraft from AerCap Holdings NV, one of the world's largest aircraft lessors, to reduce its dependence on smaller, 50- seat jets. The Chicago- based airline said it expects delivery of 11 used Airbus Group NV A319 aircraft over the next two years, with the right to add up to 14...

  • WASHINGTON, May 12- A federal judge has dismissed a lawsuit filed by Raytheon Co, freeing the U.S. Air Force to re-evaluate bids it got for a new long-range radar won by Raytheon but challenged by rivals Lockheed Martin Corp and Northrop Grumman Corp, Lockheed said in a statement. The decision marks a setback for Raytheon, which hopes to hold on to a contract that...

  • SpaceX COO on competition: Hard to catch us   Tuesday, 12 May 2015 | 11:14 AM ET
    SpaceX COO on competition: Hard to catch us

    Number 2 on CNBC's Disruptor 50 list, SpaceX's COO Gwynne Shotwell discusses the company's focus on recoverable rockets and obtaining military contracts.

  • 10 companies killing it this earnings season Tuesday, 12 May 2015 | 8:32 AM ET
    The Carnival Breeze

    These S&P 500 companies doubled their adjusted profit from a year ago. They also beat profit expectations. USA Today reports.

  • Does Elon Musk have one more trick up his sleeve? Tuesday, 12 May 2015 | 7:00 AM ET
    The unmanned Falcon 9 rocket launched by SpaceX lifts off from the Cape Canaveral Air Force Station in Cape Canaveral, Florida January 10, 2015.

    Elon Musk's venture is taking off as it snares major space contracts. Now rivals like UAL and Blue Origin are vying for the niche market.

  • Disruptor 50: No. 2 SpaceX Tuesday, 12 May 2015 | 7:00 AM ET
    Elon Musk, the co-founder and CEO of Tesla Motors, founded SpaceX in 2002.

    Elon Musk's venture manufactures and launches advanced reusable rockets and spacecraft, lowering the cost of space missions.

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.