Defense Defense Contractors

  • SYDNEY, Feb 11- Australia signed a production contract with French shipbuilder Naval Group on Monday for a fleet of 12 new submarines, worth A $50 billion, ending a two-year wrangle that cast doubt over one of the world's most lucrative defence deals. Australia selected the French builder as its preferred bidder for the fleet of submarines in 2016 ahead of other...

  • The Navy commissioned the first Ford-class aircraft carrier, the USS Gerald R. Ford, in July 2017, three years behind schedule and billions of dollars over budget. The largest military shipbuilding company said the two-ship deal would save the Navy more than $4 billion. The Navy released a force structure goal in 2016 that calls for a 355- ship fleet.

  • WASHINGTON, Jan 31- The Pentagon said on Thursday it awarded Huntington Ingalls Industries Inc a $15.2 billion contract to build two nuclear-powered aircraft carriers. The U.S. Navy told lawmakers in December that it intended to pursue a block purchase of two Ford-class aircraft carriers, a step officials have said could save billions of dollars as the Trump...

  • Missile Defense Review, unveiled on Thursday at the Pentagon, underscored the ways the American military is studying to detect and defeat ballistic missile attacks. The SM-3 IIA is in joint development between Raytheon Co and Japan's Mitsubishi Heavy Industries. -Researching the possibility of temporarily or permanently converting the Lockheed Martin...

  • A Huey door gunner unloads on a target at the Chocolate Mountain Aerial Gunnery Range, Calif., Oct. 2, 2013.

    American defense firms are the indisputable top producers of the world's weapons. Russian companies came in second, however.

  • WASHINGTON, Dec 28- Raytheon Co has been awarded a $434 million U.S. defense contract for production of missiles, the Pentagon said on Friday.

  • Here's what to expect for the defense sector in 2019

    CNBC's Morgan Brennan reports on what to watch in 2019 as battle plans to build up on defense.

  • Russia's President Vladimir Putin attends a meeting with officials and representatives of Russian business community at the Kremlin in Moscow, Russia December 26, 2018.

    The hypersonic glide vehicle, dubbed Avangard, is expected to enter Russia's arsenal by 2020, according to sources with direct knowledge of a U.S. intelligence assessment.

  • FILL ME IN

    Sheila Kahyaoglu, aerospace and defense equity analyst at Jefferies, discusses which the state of the defense sector and which companies to keep an eye on going into 2019.

  • It dropped the lawsuit in 2015 after the Air Force agreed to open up competition. The next year, SpaceX won an $83 million Air Force contract to launch the GPS III satellite, which will have a lifespan of 15 years. Air Force spokesman William Russell said: "Once fully operational, this latest generation of GPS satellites will bring new capabilities to users,...

  • It dropped the lawsuit in 2015 after the Air Force agreed to open up competition. The next year, SpaceX won an $83 million Air Force contract to launch the GPS III satellite, which will have a lifespan of 15 years. Air Force spokesman William Russell said: "Once fully operational, this latest generation of GPS satellites will bring new capabilities to users,...

  • PRAGUE, Dec 17- The Czech defense ministry is going to ask four companies for offers in its largest tender for armored vehicles, ministry documents showed on Monday. The ministry will ask BAE Systems, General Dynamics European Land Systems, PSM Projekt System& Management and Rheinmetall Landsysteme to submit bids, it said. The ministry plans to conclude the...

  • ITAGUAI, Brazil, Dec 14- Brazil on Friday launched the first of five attack submarines built with French technology in a 35 billion-real program planned to end in 2029 with delivery of a nuclear-powered submarine. The submarines being built by the Brazilian Navy in partnership with France's defense company Naval Group, formerly known as DCNS, are a modified...

  • BERLIN, Dec 4- Airbus and Lockheed Martin said on Tuesday they are teaming up to meet a growing demand for aerial refuelling from the U.S. Air Force, nearly eight years after the European planemaker lost an initial battle with Boeing. The U.S. Air Force, which wants to ultimately replace its entire fleet of more than 400 tankers, is looking to meet growing demand for...

  • BERLIN, Dec 4- Airbus and Lockheed Martin said on Tuesday they are teaming up to meet a growing demand for aerial refueling from the U.S. Air Force, nearly eight years after the European planemaker lost an initial battle with Boeing. The U.S. Air Force, which wants to ultimately replace its entire fleet of more than 400 tankers, is looking to meet growing demand for...

  • BERLIN, Dec 4- Europe's Airbus is teaming up with a new U.S. partner, Lockheed Martin, to try to crack the U.S. military air tanker market nearly eight years after losing out to rival Boeing in a bitter battle to supply refueling planes to the U.S. Air Force. Airbus, previously teamed with U.S. weapons maker Northrop Grumman Corp, in 2008 had won a $35 billion contract to...

  • BERLIN, Dec 4- Europe's Airbus is teaming up with a new U.S. partner, Lockheed Martin, to try to crack the U.S. military air tanker market eight years after losing out to rival Boeing in a bitter battle to supply tankers to the U.S. Air Force. Airbus, previously teamed with U.S. weapons maker Northrop Grumman Corp, in 2008 had won a $35 billion contract to build its MRTT...

  • BERLIN, Dec 4- Europe's Airbus is teaming up with a new U.S. partner, Lockheed Martin, to try to crack the U.S. military air tanker market eight years after losing out to rival Boeing in a bitter battle to supply tankers to the U.S. Air Force. Airbus, previously teamed with U.S. weapons maker Northrop Grumman Corp, in 2008 had won a $35 billion contract to build its MRTT...

  • An Iranian military truck carries surface-to-air missiles past a portrait of Iran's Supreme Leader Ayatollah Ali Khamenei during a parade on the occasion of the country's annual army day on April 18, 2018, in Tehran.

    Iran will continue missile tests to build up its defense and deterrence capabilities, a top military spokesman was quoted as saying on Sunday, following a U.S. allegation that Tehran had carried out a new missile test

  • The report by Auditor General Michael Ferguson is another blow to a decade-long, trouble-plagued attempt by successive administrations to replace Canada's CF-18 jets, some of which have been flying for almost 40 years. "National Defence has not done enough to manage risks related to Canada's fighter aircraft fleet... until a replacement fleet is in place," said...