Ukraine tensions could push Congress to invest more in the space program. Here's why.» Read More
Despite the Sochi Olympics flap, Under Armour and U.S. Speedskating have signed a new eight-year partnership.
Jillert Anema says America's weak speedskating performance comes from a lack of competition and support for skaters in the U.S.
LONDON, Feb 19- British defence contractor BAE Systems has finally agreed pricing with Saudi Arabia on its long-delayed Eurofighter Typhoon jet deal with the Gulf state, potentially leading to more contracts across the region.
BOSTON, Feb 18- French aerospace engine maker Snecma, a unit of Safran, was attacked by hackers who exploited a vulnerability in Microsoft Corp's Internet Explorer, according to a computer security researcher.
WASHINGTON, Feb 13- Boeing Co is mounting a last-ditch campaign to convince U.S. lawmakers to buy more fighter jets and stave off a shutdown of a St. Louis production line after the U.S. Navy failed to fund the jets.
WASHINGTON, Feb 12- Defense Secretary Chuck Hagel is expected to preview the Pentagon's fiscal 2015 budget request on Feb. 24, a week before the White House sends its formal budget plan to Congress, according to sources familiar with the matter.
*Asia, Gulf to drive global defence growth in 2014. LONDON, Feb 12- Fuelled by growing strains in Middle East and Asia, global defence spending looks set to rise in 2014 for the first time since the 2008 financial crisis.
SINGAPORE, Feb 12- The star attraction at Asia's biggest arms and aerospace bazaar is an outwardly unassuming aircraft parked in a distant corner of the tarmac, past the sleek jet fighters and menacing attack helicopters.
George Standridge, Vice President of Business Development at Lockheed Martin Aeronautics, discusses its wave energy project and how it is being affected by reduced U.S. military budgets.
*F-35 costly, but a "number one prioriry"- Pentagon official. *Pentagon keeping close watch on Chinese investments.
Defense spending around the world is expected to rise for the first time since 2009 in 2014, as Asian and Middle Eastern countries buy up weapons.
Vietnamese, Indian and Thai carriers will place orders for over 100 Airbus or Boeing passenger jets worth $12 billion at list prices, industry officials say. Malaysian Airlines could also place an order for Airbus long-haul and medium-haul jets.
NEW YORK, Feb 5- The U.S. Defense Department remains skeptical of mergers involving its major contractors, a Pentagon official said on Wednesday, amid industry expectations that defense deal-making could revive this year.
OTTAWA, Feb 5- Canada will change the way it buys military equipment, the government said Wednesday, as it tries to provide more benefits to local companies and include safeguards to avoid fiascos such as its aborted plan to buy F-35 fighter jets.
"We will be looking at policies on IT training, vendor access and vendor due diligence, and what information you have on any vendors," she added, in a presentation to a group of compliance professionals at SEC headquarters in Washington, D.C..
WASHINGTON, Jan 30- U.S. arms maker Raytheon Co on Thursday reported higher-than-expected earnings in the fourth quarter, although revenues fell short of estimates with U.S. military spending in decline.
A White House event Friday will highlight how public-private partnerships can ease long-term unemployment. USA Today reports.
WASHINGTON, Jan 27- The Obama administration notified Congress on Monday of plans to sell 24 Apache attack helicopters to Iraq, part of an effort to bolster the military against al Qaeda- linked militants, after addressing lawmakers' concerns that held up the sale for months.
*PM Abe seeking to bolster Japan's military. TOKYO, Jan 27- Mitsubishi Heavy Industries is in advanced talks to supply parts for the F-35 stealth fighter to Britain's BAE Systems, in what would be the first involvement of a Japanese manufacturer in a global weapons programme, according to people with knowledge of the discussions.
SEATTLE, Jan 25- North American members of the International Association of Machinists and Aerospace workers on Saturday nominated challengers seeking to replace top union leaders, a move that could lead to a tougher negotiating stance toward major companies.