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.
European shares closed lower on Friday as U.S. politicians continued to wrangle over averting the "fiscal cliff" — a series of tax increases and spending cuts that are set to kick in at the start of next year and could threaten the U.S. economy.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.
BERLIN, Oct 24- Germany is rushing to purchase a stake in EADS by year-end, fearful that the owner of the shares, carmaker Daimler, could unload them on the open market and hurt Berlin's influence in the aerospace group, a government document obtained by Reuters showed.
LONDON, Oct 24- Bankers will likely pick up $30- $50 million for their work on Russian state-owned oil group Rosneft's $55 billion takeover of TNK-BP, according to Freeman Consulting. Data from Thomson Reuters and Freeman showed fees average about $35 million on $10 billion deals, smaller than the TNK-BP.
Scott Davis, the Army official who overseas ground combat vehicle programs such as the BAE Systems Plc's Bradley Fighting Vehicles and General Dynamics Corp's Abrams tank, said only ``a handful'' of companies had left the weapons sector so far, but the Army needed more information to prevent future gaps in critical capabilities.