Rolls-Royce said Britain's Serious Fraud Office (had started a formal investigation into concerns about bribery and corruption.
European equities closed lower on Wednesday after a U.S. budget deal added to expectations the Fed will scale back stimulus soon.
Gary Cook, U.K. south coast organizer for GMB Union, says BAE's decision to cut jobs in U.K.'s shipyards is a "devastating blow for the area" economically.
Jan Godsell, professor of operations and supply chain strategy at the University of Warwick, explains that the BAE job cuts in Portsmouth were inevitable due to a downturn in demand.
BAE Systems said it would start a consultation process to lay off 1,775 ship workers across the UK.
Hundreds of employees from some of Britain's biggest contractors are temporarily out of work, as a result of the U.S. political stalemate that has led to a partial shutdown of the country's government.
Just hours before Congress shut down the federal government, the Pentagon quietly went on a shopping spree and spent billions.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.
EADS is opting out of bidding on some U.S. weapons programs as it adjusts to cuts in U.S. defense spending, and it expects flat to lower revenue in defense business in coming years.
GDP expanded at 1.8 percent; Russia’s 15 percent defense budget share to grow, China’s, too; McKesson CEO John Hammergren gets record $159 million pension.
The United States remains the largest player in global defense, but that dominance is expected to wane over the next eight years, according to analysis by IHS Jane's Defence.
European aerospace companies called on Europe to launch its own independent drone program to equip armies across the continent.
U.K. aerospace giant BAE Systems must adjust its cost-base, according to newly appointed chairman, Roger Carr.
Sir Roger Carr, new chairman of BAE Systems, tells CNBC that despite the failed merger with EADS the company has a good future as an 'independent company'.
Strong winds caused the Carnival ship Triumph to break loose on Wednesday from its moorings at a Mobile, Ala., shipyard where it was being repaired.
As $85 billion in spending cuts loom, people across the country who rely on the government were trying to fathom what it would mean for them. The NYT reports.
2013’s surge in merger and acquisition-related activity is heading for Europe, according to strategists who say the continent has the same essential ingredients in place for a revival in deals as the U.S.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
Boeing denied misconduct by its managers afterb a union representing engineers and technical workers accused the planemaker's security staff of intimidating some members over labor contract votes.
Senior White House officials met with chief executives from top defense contractors discuss the impact to their business of deep automatic federal spending cuts slated to take effect on March 1, White House spokesman Jay Carney told reporters.