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  • EADS Exits US Defense Deal to Save Cash Tuesday, 13 Jan 2009 | 8:58 AM ET
    airbusA380.jpg

    European aerospace group EADS said on Tuesday it had abandoned a "significant" defense acquisition in the United States to conserve cash and prop up Airbus plane sales to crisis-hit airlines.

  • GE to Eliminate Quarterly Earnings Guidance Tuesday, 16 Dec 2008 | 4:13 PM ET
    GE

    General Electric said Tuesday that it will no longer provide specific quarterly earnings guidance, though the company affirmed its earnings target for 2008.

  • U.S. Army

    If you haven't seen the movie "Stripes", you're missing out. The premise is pretty simple: Bill Murray, having lost his job, decides to enlist along with his buddy Harold Ramis, hilarity ensues. It's actually not entirely dissimilar from "Ghostbusters."

  • Tanker Decision: Defense, Boeing And Northrop's Statements Wednesday, 10 Sep 2008 | 10:46 AM ET

    "Today, the Department of Defense notified the Congress and the two competing contractors, Boeing and Northrop Grumman, that it is terminating the current competition for a U.S. Air Force airborne tanker replacement...."

  • Tanker Decision "Grounded" For Now By Pentagon Wednesday, 10 Sep 2008 | 10:36 AM ET
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    The Wall Street Journal reports the Pentagon is canceling the $35 billion tanker competition because it can't pick a winner by New Year's.

  • Air Force Tanker: What's Taking So Long With It? Wednesday, 3 Sep 2008 | 9:41 AM ET

    From The Seattle Times: "Air Force tanker guidelines to come next week". That was written August 21st. Wrong. From The Financial Times: "An announcement of the requirements, or request for proposals, could come as early as tomorrow." That was written Monday. Also wrong.

  • Russia Could Strike Poland Over US Shield: Report Saturday, 16 Aug 2008 | 6:25 AM ET

    A top Russian general on Friday said Poland's deal with the United States to set up parts of a missile defence shield on Polish territory lays it open to a possible military strike, a Russian news agency reported.

  • Russia to Hand Abandoned Town Back to Georgia Thursday, 14 Aug 2008 | 11:42 AM ET
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    Georgian officials and Russian soldiers faced each other at the frontline on Thursday to negotiate the handover of a strategic town abandoned by Georgia's army three days ago.

  • Boeing, Northrop: After the Big Tanker Meeting Wednesday, 13 Aug 2008 | 9:25 AM ET
    Northrop Grumman

    Both bidders in the $35 billion tanker competition met with Pentagon officials and said their piece over the new request for bids (the "RFP"). The difference in their responses afterwards may give you a clue as to how it went.

  • Russia, Georgia Fight, France to Seek Peace Monday, 11 Aug 2008 | 9:41 AM ET
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    Georgian President Mikhail Saakashvili accused Moscow of trying to overthrow his government, while Russian President Dmitry Medvedev said that a military operation in South Ossetia was nearly over.

  • US Has Political, Economic Stake in Far-Flung Spat Sunday, 10 Aug 2008 | 7:21 AM ET
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    There's more than meets the eye to the frantic US efforts to talk Russia and US ally Georgia out of war over an obscure mountain tract most Americans have never heard of.

  • Azerbaijan Halts Oil Exports from 2 Georgian Ports Saturday, 9 Aug 2008 | 7:18 PM ET
    Oil Pipeline

    Shipments of oil and oil products from two of Georgia's ports have been suspended because of fighting in the ex-Soviet state's breakaway South Ossetia region, Azeri state energy firm SOCAR said on Saturday.

  • Georgia Acts to Cool Investors Fears As Bombs Fall Saturday, 9 Aug 2008 | 7:02 PM ET
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    Georgia, whose credit ratings were cut on Friday after military clashes with Russia, was praised on Saturday by foreign investors, who contrasted its efforts to reassure them over the crisis with those of Russia.

  • Georgia in 'State of War' Over South Ossetia Saturday, 9 Aug 2008 | 2:15 PM ET
    georgia.jpg

    Russian tanks and troops rumbled into the separatist province of South Ossetia and Russian aircraft bombed a Georgian town Saturday in a major escalation of the conflict that has left hundreds of civilians dead and wounded. V

  • Russia Stocks Tumble as Battle Rages in Georgia Friday, 8 Aug 2008 | 10:47 AM ET
    georgia.jpg

    Rapidly escalating violence in Georgia -- including a reported Russian air strike near the capital -- helped send emerging stockmarkets to their lowest level in almost a year on Friday, with Russian markets worst hit.

  • What The Pentagon Wants In A New Tanker--Stay Tuned Wednesday, 6 Aug 2008 | 11:44 AM ET
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    Today the Department of Defense is submitting a new "draft request-for-proposal and source selection process" for the air refueling tanker. In other words, we find out what the Pentagon is looking for in a new plane, and how it will be incorporating the changes suggested by the Government Accountability Office.

  • Tankers, Blimps And The "Gay Top Gun" Thursday, 17 Jul 2008 | 8:52 AM ET
    boeing_northrup.jpg

    I’ve got to stop talking about IndyMac and the banking crisis. Time to move back to the Air Force tanker crisis involving Boeing and Northrop Grumman. As I got home from DAY 3 of "THE INDYMAC BANK RUN" I finally got a chance to open up this week’s Aviation Week (aka “Aviation Leak”) which has an interview with Boeing CEO Jim McNerney.

  • Protectionism Not Good in Tanker Deal: EADS Tuesday, 15 Jul 2008 | 8:40 AM ET

    Protectionism is not good for anybody and could hurt trans-Atlantic relations, the chief executives of EADS and Northrop Grumman told CNBC referring to the largest-ever tanker deal, which last week was reopened by the US department of defense.

  • Northrop Grumman

    The House Air and Land Forces Subcommittee is holding a hearing today on how the Air Force Tanker selection process went so wrong. Fifteen minutes into the hearing, they had to adjourn to go vote on other matters. But they'll be back.

  • On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.

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