Ylan Mui reports from Upstate New York where a small manufacturer there could be a big beneficiary of the new defense department spending bill.

Buried deep inside the sprawling federal bill to fund the nation’s military is a special gift for a company headquartered in the smallest city in the Empire State.

Despite a history of employee concerns, Microsoft CEO Satya Nadella said in an interview published Monday that the company is pressing forward with its commitment to the massive Joint Enterprise Defense Infrastructure, or JEDI, contract it won last month.

The Pentagon on Tuesday announced a $34 billion F-35 contract with Lockheed Martin, the largest contract yet for the defense firm’s costly fighter program.

Morgan Brennan reports on Microsoft’s big contract with the Pentagon called “Jedi” and it has nothing to do with “Star Wars”.

The Pentagon on Thursday said the recent strikes on Saudi Arabian oil facilities were “sophisticated” and represented a “dramatic escalation” in tensions within the region.

Additionally, the iShares U.S. Aerospace & Defense ETF (ITA) was climbing higher Monday morning following this news.

The big U.S. defense companies have used piles of cash to increase share buybacks and dividends. Now they’re going to move ahead on mergers and acquisitions, say analysts who follow the industry. “This is the early stage of defense M&A activity,” said Tess Oxenstierna, managing director of Headwaters MB, an investment banking and advisory firm …

Defense stocks are getting a lot of attention, including some names that are under the radar.

Two of the biggest names in the defense industry are racing to dominate the sky.

The battle to build the next generation bomber is heating up and there’s $55 billion at stake for some of America’s biggest defense companies.

Nations in the Middle East are looking to increase their inventory of military weapons, potentially creating an arms race and U.S. defense companies are closely watching.

It’s showtime for Robert Bigelow. The real estate developer and hotel magnate estimates he’s spent $275 million of his own fortune researching, building, and testing expandable living areas for outer space at Bigelow Aerospace, a company he founded in North Las Vegas 16 years ago. NASA wants to see if he’s right. It’s paying him …

SpaceX and Boeing plan to build space “taxis” that can American astronauts to the International Space Station by 2017, and both companies appeared together at a NASA press conference Monday to unveil updates in the space agency’s commercial crew carrier competition. NASA has awarded Boeing $4.6 billion and SpaceX $2.6 billion to develop and operate …

Jane Wells tells us her outlook for defense in 2015.