The two largest increases in the last decade occurred in 2008 at 3.5 percent and 2009 at 3.4 percent raise, according the Department of Defense. » Read More
By: Jacob Pramuk
"It certainly looks that way to me. It's very sad," Trump said when asked if Khashoggi is dead. » Read More
This would be a significant step that would enable the Kremlin to surpass the U.S. and China. The U.S. is currently unable to defend against this breed of threat. » Read More
Secretary of Defense James Mattis clarified his political affiliation Monday amid speculation that he might be a Democrat and would leave the Trump administration soon. » Read More
CNBC's Josh Lipton reports on comments from Amazon CEO Jeff Bezos about the importance of tech companies continuing to work with the Department of Defense, a controversial topic in Silicon Valley.
Trump recently praised Riyadh's ambitions to buy $110 billion worth of U.S.-made arms, a figure that has yet to manifest in State Department or Defense Security Cooperation Agency announcements.
CNBC's Morgan Brennan reports on the merger between L3 and Harris to create a $34 billion military giant.
Russia is currently unable to find a source for the critical carbon fiber components needed for one of its hypersonic weapons, according to people with direct knowledge of a U.S. intelligence report.
The fleet-wide suspension was spurred by a crash last month in Beaufort, South Carolina, in which a then-unknown fault in one of Lockheed Martin's F-35B jets forced its pilot to eject from the cockpit.
President Donald Trump criticized Seoul on Tuesday for failing to finance the U.S. deployment of a missile defense system —Terminal High Altitude Area Defense (THAAD) — on the Korean Peninsula.
The U.S. Air Force selected Blue Origin, Northrop Grumman and United Launch Alliance on Wednesday to each develop a domestic launch system prototype. SpaceX, despite winning an initial development award in 2016, was absent from the deal.
The U.S. sold more than $54 billion in military equipment to foreign governments in the last fiscal year, according to the Pentagon's top financial officer.
Speaking to reporters as he flew to Iowa for a political rally, Trump said: "It'll be after the midterms. I just can't leave now."
In the month of September alone, Boeing was awarded more than 20 contracts with a cumulative value of $13.7 billion. Here's a look at some of the big-ticket items the Pentagon bought.
United Nations Ambassador Nikki Haley will step down at the end of the year, and President Donald Trump has not yet announced a replacement.
Sean King, senior vice president at Park Strategies discusses developments on the Korean Peninsula following Secretary of State Mike Pompeo's visit to the region.
The Pentagon official in charge of financing America's current and future wars downplayed concerns that trade disputes were spilling into the industrial base.
"This is nothing but speaking on hearsay evidence, confusing right and wrong and creating something out of thin air. The Chinese side is firmly opposed to it," Chinese foreign ministry spokeswoman Hua Chunying said in a statement on Friday.
The deal is widely seen as Prime Minister Narendra Modi's response to China's rising influence in the Indian Ocean.
New Delhi is likely to be exempted from U.S. sanctions if it purchases a Russian missile system, according to Richard Rossow of the Center for Strategic and International Studies.