Sep 28, 2012 You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation.
Sep 28, 2012 Contractors say 'fiscal cliff' could force layoffs; legal deadline for pink slips looms
Sep 13, 2012 The parent company of Airbus, EADS, is in merger talks with the continent's biggest defense contractor, BAE systems. That could put U.S. leaders Boeing and Lockheed Martin playing a little defense themselves.
Aug 9, 2012 The big defense contractors -- including Lockheed Martin and Pratt & Whitney -- say they may have to send out mass layoff notices to their employees in a few months. That's because they're worried that hundreds of billions of dollars in expected cuts to the Pentagon's budget will have a big effect on them.
Jan 27, 2012 Federal spending on defense could soon be drawn back, and private companies that make military equipment will have to look elsewhere for customers.
Dec 20, 2011 Japan will replace its aging fighter jets with 42 new planes from the U.S. company Lockheed Martin, on the heels of the death of North Korean leader Kim Jong-Il.
Dec 15, 2011 If the euro collapses, Britain's economy could shrink by up to 8 percent. That could have a big effect on the country's defense spending.
Nov 15, 2011 With the super committee looking less and less likely to succeed, defense contractors are planning for the worst: automatic cuts.
Mar 31, 2011 I think I must write one of these items a week. There's more concern about the new wireless network. This time, it's the Pentagon. The Defense...
Feb 23, 2011 As the unrest in the Middle East continues to escalate today, the Wall Street Journal is reporting that the Obama administration has launched a...