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Pentagon Awards $10.5 Billion in Defense Contracts

The Department of Defense awarded $10.46 billion in defense contracts Tuesday. The winning defense contractors included included Olin Corp., Boeing, and General Dynamics. The non-defense related companies included Ibis Biosciences, Kellogg, Brown & Root,…

247sarah · 12 years ago

Why a Boeing 747-8 Costs $357 Million

The first 747-100 from Boeing was put into service in 1970, and those first planes sold at a list price of $24 million. Adjusting for inflation, that same 747 would sell today for $146.6…

Paul Ausick · 12 years ago

Delta Raises Airbus Order, Boeing Shut Out

Delta Air Lines announced Monday morning that it has agreed to purchase 15 more A321 aircraft from Airbus for delivery beginning in 2018. That brings Delta's total order for the A321 to 45.

Paul Ausick · 12 years ago

Non-Defense-Company Winners of Pentagon Contracts

Many of the contracts awarded by the Department of Defense on Friday went to companies less commonly associated with the military. Among these non-traditional winners were Great Lakes Dredge & Dock, Timken, Verizon, and…

247sarah · 12 years ago

Northrop Grumman Wins Three Defense Contracts

Northrop Grumman wins $44 million in contracts from the Department of Defense, including projects for the U.S. Army and U.S. Navy in Afghanistan, Bahrain, and Kuwait.

247sarah · 12 years ago

Boeing 737 Challenger Fails

Canada-based aircraft maker Bombardier Inc. suffered a significant setback on Thursday to its plans to build a commercial plane to compete with the 737 from Boeing and the A320 from Airbus Group.

Paul Ausick · 12 years ago

Is SpaceX Preparing to Land on Mars?

Elon Musk's space exploration company SpaceX is a wonder. Its rocket ships are a science fiction fan's dream and now Musk, who is also the founder of Tesla and SolarCity, has them pointed at…

247sarah · 12 years ago

Pentagon Awards $555 Million in Defense Contracts

ThinkstockThe Department of Defense awarded 17 defense contracts with a total value of $554.6 million in its Thursday evening announcement of contract awards. Textron (NYSE: TXT) took home contracts representing nearly half the funds…

247sarah · 12 years ago