US Air Force

In a recent development, the U.S. military has condemned a Russian fighter jet’s dangerous maneuver near Alaska, highlighting ongoing tensions between the two nations. What Happened: The U.S. military released footage on Monday of a Russian fighter jet performing an unsafe maneuver near...

The U.S. flew a B-1B bomber over the Korean Peninsula Wednesday morning. Amid greater escalation of tension in the region between North Korea and South Korea, how does it affect defense companies and exchange-traded funds (ETFs)? What Happened: The South Korean military announced the bombing drill...

Palmer Luckey, founder of Anduril Industries, has praised his company’s contract with the U.S. Air Force to develop autonomous fighter jets. What Happened: During CNBC’s “Last Call” on Thursday, Luckey expressed his excitement about the project. He stated, "It’s also...

Amelia Earhart, the iconic pilot who mysteriously disappeared in 1937, may have her long-lost plane finally discovered. A former U.S. Air Force officer, Tony Romeo, has spent $11 million on a high-tech unmanned submersible and may have found the plane. What Happened: Romeo, a former U.S. Air Force...

The U.S. Air Force is vigorously exploring avenues to boost the delivery of F-16s to Taiwan, according to a senior official’s acknowledgment of Congressional concerns. What Happened: Assistant Air Force Secretary Andrew Hunter, on Thursday, responded to anxieties presented by Republican...

In a recent report from the Air Force Inspector General, 15 Air Force personnel have been disciplined over a significant classified document leak that occurred earlier this year. What Happened: The Associated Press reported that on Dec. 11, 2023, the Air Force reprimanded these individuals for...

Boeing Company (NYSE: BA) has been reportedly excluded from the U.S. Air Force's competition to develop the successor to the E-4B Nightwatch, often referred to as the "Doomsday Plane" for its nuclear war resilience.  This development, confirmed by Boeing on Friday,...

The U.S. Air Force is bolstering its potential to target highly-defended warships, in response to the escalating power and size of China’s defense system. The sophisticated air defense systems that China’s military has been developing for decades present a significant...

The sudden disappearance and subsequent crash of a $100 million F-35B Lightning II fighter jet has sparked numerous questions, but most remain unanswered, The Hill reported. The jet went missing over the weekend and was found in a wooded area of South Carolina over 24 hours...

Lockheed Martin Corp.'s (NYSE: LMT) business unit, Missile and Fire Control, clinched a contract involving Joint Air-to-Surface Standoff Missile (JASSM). The award has been offered by the Air Force Life Cycle Management Center, Eglin Air Force Base, FL. Valued at $750.6 million, the contract is...

Raytheon Technologies Corp. (NYSE: RTX) has won an almost $1-billion contract to design, develop, and produce a new hypersonic weapon for the U.S. Air Force, beating rivals Lockheed Martin Corp. (NYSE: LMT) and Boeing Co (NYSE: BA). What Happened: ...

Vectrus Inc (NYSE: VEC) has been awarded two new firm-fixed-price task orders valued at $40 million to provide installation and other support services to the U.S. Air Force. The task orders were awarded under the Air Force Contract Augmentation Program V, or AFCAP V, which is a $6.4...

Science Applications International Corp (NYSE: SAIC) won a new contract with the U.S. Air Force Life Cycle and Management Center, Force Protection Division. The company will assist the U.S. Department of Defense Combatant Commands in easing small crewless aircraft systems (sUAS)...

Russia warned that it might fire on American aircraft in Syria after a U.S. Air Force F-18 Super Hornet shot down a Russian-built government fighter that allegedly bombed troops from the U.S.-led rebel coalition. The clash on Sunday was reminiscent of the proxy wars the two superpowers engaged in...

Lockheed Martin (NYSE: LMT) is flying high Tuesday after blowing away EPS and revenue estimates. The Bethesda, Maryland-based firm's first-quarter EPS soared nearly 15 percent to $2.33, destroying expectations of $2.04. Revenue declined 1.8 percent to $11.1 billion, but flew in above estimates...