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  • Rear Admiral Randy Mahr, deputy director of the Pentagon's $392 billion F-35 program, said Pratt had slowed its cost-cutting after Congress in 2011 canceled an alternate engine being developed by General Electric Co..

  • Midday Glance: Aerospace companies Monday, 7 Apr 2014 | 1:49 PM ET

    Boeing fell $1.26 or 1.0 percent, to $126.12. Lockheed Martin Corp. fell$. 86 or. 5 percent, to $158.75. Northrop Grumman Corp. fell$. 44 or. 4 percent, to $120.25.

  • Final Glance: Aerospace companies Friday, 4 Apr 2014 | 6:19 PM ET

    Boeing fell $1.40 or 1.1 percent, to $127.38. Lockheed Martin Corp. fell $4.14 or 2.5 percent, to $159.61. Northrop Grumman Corp. fell $4.33 or 3.5 percent, to $120.69.

  • Midday Glance: Aerospace companies Friday, 4 Apr 2014 | 1:20 PM ET

    Boeing fell$. 21 or. 2 percent, to $128.58. Lockheed Martin Corp. fell $2.38 or 1.5 percent, to $161.37. Northrop Grumman Corp. fell $2.41 or 1.9 percent, to $122.61.

  • Early Glance: Aerospace companies Friday, 4 Apr 2014 | 10:57 AM ET

    Boeing rose$. 63 or. 5 percent, to $129.41. Lockheed Martin Corp. rose$. 16 or. 1 percent, to $163.91. Northrop Grumman Corp. fell$. 22 or. 2 percent, to $124.80.

  • WASHINGTON, March 26- The software needed for the U.S. Navy's version of Lockheed Martin Corp's F-35 fighter jet could be delayed by four to six months, the U.S. general who runs the $392 billion program for the Pentagon said on Wednesday.

  • WASHINGTON, March 24- South Korea on Monday became the 10th country to choose Lockheed Martin Corp.' s F-35 fighter jet to replace aging warplanes, a boost for the Pentagon's biggest weapons program at a time when Italy, Canada and other countries are rethinking their procurement plans.

  • BRUSSELS/ LONDON, March 19- European Union leaders are preparing to set an October deadline for agreeing on the bloc's 2030 climate and energy goals, a draft document seen by Reuters shows.

  • TOKYO, March 14- IHI Corp, General Electric's jet engine partner in Japan, may tie up aircraft engine part production with Mitsubishi Heavy Industries Ltd which is more closely aligned with GE's competitors.

  • UPDATE 3-GE files to spin off credit card unit Thursday, 13 Mar 2014 | 1:15 PM ET

    *Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. *Unit seeks $20 bln to $25 bln valuation- Bloomberg. GE will look to raise as much as $3.5 billion from the IPO and seek a valuation of $20 billion to $25 billion for the unit, Bloomberg reported, citing people with knowledge of the matter.

  • UPDATE 2-GE credit card unit files to go public Thursday, 13 Mar 2014 | 9:11 AM ET

    *Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.

  • March 7- Pratt& Whitney is investigating a crack in the jet engine that powers the F-35 Joint Strike Fighter aircraft, causing damage but posing no immediate risk to jets now in use, the company confirmed on Friday.

  • WASHINGTON, March 4- The U.S. Air Force decided on Tuesday to start work on a new rescue helicopter by United Technologies Corp's Sikorsky Aircraft in fiscal 2015, a surprising turnaround hours after the Pentagon told Congress the program had been postponed.

  • WARSAW, Feb 26- The Polish army will this year pick a supplier for 70 battlefield support helicopters, the defence ministry said on Wednesday, confirming an earlier report in the Rzeczpospolita daily newspaper.

  • WARSAW, Feb 26- The Polish army will this year pick a supplier for 70 battlefield support helicopters worth around 8 billion zlotys, Poland's deputy defence minister was quoted as saying by the Rzeczpospolita daily newspaper on Wednesday.

  • F-35 JOINT STRIKE FIGHTER The Pentagon said it remained strongly committed to the Lockheed Martin Corp F-35 fighter jet program, which includes an engine built by Pratt& Whitney, a unit of United Technologies Corp. Northrop Grumman Corp and Britain's BAE Systems Plc also provide significant components for the aircraft.

  • Early movers: VZ, NFLX, FB, BBRY, AAPL, DRI & more Monday, 24 Feb 2014 | 7:47 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • But U.S. weapons maker Raytheon Co has revolutionized that process at a sprawling, classified facility in Huntsville, Alabama, where automated transporters ferry missile parts to gleaming assembly stations, and even tuck themselves away for charging when their batteries run low.

  • Pentagon moving ahead with new vertical lift aircraft Friday, 21 Feb 2014 | 11:39 PM ET

    HUNTSVILLE, Alabama, Feb 21- The Pentagon is committed to early design work on a new aircraft that will replace thousands of helicopters now used by the U.S. military, its first "clean sheet design" program in years, the Army official heading the effort said on Friday.

  • United Technologies' Sikorsky unit to cut 600 jobs Friday, 21 Feb 2014 | 4:28 PM ET

    HUNTSVILLE, Ala., Feb 21- Sikorsky Aircraft, the helicopter unit of United Technologies Corp, on Friday said it would lay off 600 workers beginning in the next few weeks, citing continued "challenging and unstable economic conditions."

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