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  • Europe Unveils Delayed A400M Military Plane Thursday, 26 Jun 2008 | 6:40 AM ET

    Europe unveiled the A400M military aircraft on Thursday, giving the public a first glimpse of a powerful turboprop plane being built to supply seven NATO countries with urgently needed strategic airlift capacity.

  • CSX to Give Results of Dissident Director Vote in July Wednesday, 25 Jun 2008 | 5:31 PM ET

    U.S. railroad CSX said results of a Wednesday shareholder vote on a slate of five dissident directors will be announced in July as two activist funds claimed they won at least two seats and cried foul over how the company conducted the balloting.

  • Northrop Thanks Its Employees, And More Heated Emails Friday, 20 Jun 2008 | 10:01 AM ET

    I reported it would happen, and it did: Northrop Grumman has called off indefinitely the groundbreaking ceremony for its new Alabama tanker assembly facility, originally scheduled June 28th.

  • Emails: You Weigh In On The Tanker Thursday, 19 Jun 2008 | 11:32 AM ET

    I asked for feedback on the tanker decision and I got it. Also, vote in the poll at the bottom.

  • GAO Tanker Decision: What Analysts Are Saying Wednesday, 18 Jun 2008 | 4:13 PM ET

    Analysts were surprised, at least a little, that Boeing won its challenge alleging the Air Force was wrong in awarding the $35 billion tanker contract to Northrop Grumman/EADS.

  • Boeing, Northrop Statements On Tanker Ruling Wednesday, 18 Jun 2008 | 3:16 PM ET
    Boeing Headquarters

    Boeing was informed today that the Government Accountability Office (GAO) found in Boeing’s favor on a number of issues related to its protest of the U.S. Air Force’s award of a $35 billion contract to supply the service with its next-generation aerial refueling aircraft – or KC-X tankers – to begin replacing the current fleet of KC-135 tankers.

  • Northrop Grumman

    I'm hearing the Government Accountability Office will not decide on the Boeing challenge to the $35 billion tanker contract today. That probably means it WILL happen today (kidding, I think). The decision may come down tomorrow.

  • Tanker Costs Don't Add Up For Air Force Thursday, 12 Jun 2008 | 4:00 PM ET

    Boeing confirms to CNBC that the Air Force has admitted it got its math wrong on how much Boeing's tanker would cost over the long haul. Boeing says this validates what it's been saying for months in challenging the $35 billion contract award to Northrop Grumman and the European parent of Airbus.

  • Boeing Headquarters

    It's been a year since I started reporting on "the biggest defense contract of 2007," except now it'll be "the biggest defense contract of 2008." Or maybe 2009. The $35 tanker deal has taken more odd turns than a lost UAV, including...

  • Lockheed And The Tanker: Your Emails Wednesday, 4 Jun 2008 | 9:12 AM ET

    My post on Lockheed Martin's Chairman and CEO criticizing protectionism and pointing to the Northrop Grumman/EADS tanker award "as reinforcing the openness of U.S. markets," elicited quite a bit of heated email, none of it from Lockheed fans.

  • Lockheed Supports Tanker Decision Tuesday, 3 Jun 2008 | 11:38 AM ET
    Lockheed Martin

    Lockheed is the nation's biggest defense contractor. Boeing is second. Stevens, speaking at a defense conference in Brussels, says protectionism is bad, open competition is good, and companies which depend on government regulations to keep out foreign competitors will grow weaker until they are "protected to death."

  • Harris Says It Isn't Looking to Sell Itself Monday, 2 Jun 2008 | 7:52 AM ET

    Harris Corp. says it isn't looking to sell or combine the company with another, despite recent market rumors and reports.

  • QinetiQ CEO Happy With U.S. Business Wednesday, 28 May 2008 | 5:34 AM ET

    Strong business in the U.S. and rapid organic growth have helped British defence technology group QinetiQ beat expectations with a 20 percent rise in full-year operating profit and raise operating margin targets, CEO Graham Love told CNBC.com.

  • Boeing Headquarters

    Strike three for Boeing, after losing another huge contract. The deal to provide the Pentagon with up to a dozen next generation satellites—worth $1.4 billion—went to Lockheed Martin.

  • Top Gun Wednesday, 14 May 2008 | 6:36 PM ET

    Should you bet on defense stocks to keep outperforming the market? Find out what options action suggests.

  • DRS Technologies Gets $5.41 Billion Takeover Offer Monday, 12 May 2008 | 6:16 PM ET

    Finmeccanica, Europe's fourth-largest aerospace and defense company, has approached DRS Technologies, proposing a takeover bid of as much $5.41 billion, sources close to the matter told Reuters.

  • Iran Rejects Incentives for Nuclear Halt Monday, 5 May 2008 | 7:25 AM ET
    Nuclear Power Plant

    Iran said on Monday it would not consider any incentives offered by world powers that violated its right to nuclear technology, ruling out a precondition that it suspend uranium enrichment.

  • Tanker Wars Redux And American Idolzzzzzzzzzz Wednesday, 30 Apr 2008 | 1:38 PM ET

    Defense giants Boeing and Northrop Grumman keep going at it over the Air Force tanker deal. This as the clock ticks down on a Government Accounting Office investigation into whether the current decision should stand.

  • Lockheed Martin Profit Rises 6% Tuesday, 22 Apr 2008 | 7:38 AM ET

    Lockheed Martin said Tuesday quarterly profit rose 6 percent, helped by higher sales of its electronic, information and space systems.

  • Sure, the Pentagon will always be famous for wasting $640 on a toilet seat, but that doesn't mean it isn't looking to make a buck! Next week the Defense Department will sell off 27 million pounds of old warplanes--some going back before Vietnam--to profit from current scrap metal prices.

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