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Defense Aerospace & Defense

  • Once on the brink of forced retirement, the A-10 attack plane with the ungainly shape and odd nickname has been given new life, spared by Air Force leaders who have reversed the Obama administration's view of the plane as an unaffordable extra in what had been a time of tight budgets. In the 2018 Pentagon budget plan sent to Congress this week, the Air Force proposed...

  • Once on the brink of forced retirement, the A-10 attack plane with the ungainly shape and odd nickname has been given new life, spared by Air Force leaders who have reversed the Obama administration's view of the plane as an unaffordable extra in what had been a time of tight budgets. In the 2018 Pentagon budget plan sent to Congress this week, the Air Force proposed...

  • *Oil majors drop after OPEC deal. An OPEC meeting in Vienna that disappointed some investors failed to move broader indexes but sent oil prices lower, making the energy sector the biggest sectoral faller in the region. Milan- based fund manager Anthilia Capital in Milan downgraded its exposure to euro zone stocks even though the European economy remained...

  • LONDON, May 25- European shares struggled to keep gains on Thursday in choppy trade as falls in commodity-facing firms weighed, with investors hunting for fresh direction in the aftermath of Europe's blistering first quarter earnings season. James Butterfill, head of research and investment strategy at ETF Securities, said that now the earnings season is...

  • LONDON, May 25- European shares clung on to gains in early deals on Thursday helped by firmer banking shares and as corporate deals activity, after French aero firms Safran and Zodiac finally striking a deal, continued apace. The pan-European STOXX 600 index rose 0.1 percent, on track for a third straight day of gains, helped by a rise among banks.

  • Intuit Inc., up $8.68 to $137.83. Lowe's Cos., down $2.49 to $79.85. The Container Store Group Inc., up $1.35 to $5.50.

  • WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $18.4 million. The Wellington, Florida- based company said it had net income of 36 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

  • May 23- Honeywell International Inc said on Tuesday it would decide by fall this year whether to separate its aerospace business, a move hedge fund Third Point LLC wants the U.S. industrial conglomerate to pursue. Third Point, run by billionaire Dan Loeb, last month said Honeywell should spin off the aerospace division, saying the separation could create more...

  • NEW YORK— Shares of the three major U.S. defense contractors rose to all-time highs in the first day of trading after President Donald Trump bestowed Saudi Arabia with a $110 billion arms deal. The agreement, which could expand up to $350 billion over 10 years, sent shares of Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co. to unprecedented heights.

  • Technology companies are closing in on all-time highs and continued to rise Monday, led by big names like Cisco Systems and Qualcomm. Aerospace and defense companies rose after President Donald Trump presided over a huge sale of military equipment to Saudi Arabia. Sameer Samana, a strategist for Wells Fargo Investment Institute, said people continue to spend...

  • A F-35 fighter jet take-offs for a training mission at Hill Air Force Base on March 15, 2017 in Ogden, Utah.

    The excess funds were used to pay for training Syrian rebels, the war in Afghanistan and other expenses, The Washington Post reports.

  • DUBAI, May 21- Boeing Co has signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft, the company said on Sunday during a visit by U.S. Congress was informed last year that a sale to Saudi Arabia would involve 48 of the helicopters. Saudi Arabia is seeking closer defense and commercial ties with the...

  • North Korea fired a ballistic missile on Sunday, South Korea and Japan said, a week after an intermediate-range missile test.

  • SAO PAULO/ WASHINGTON, May 19- The brothers whose deft dealmaking helped build JBS SA into the world's No. 1 meat processor are testing that talent like never before as they seek a leniency deal with prosecutors after admitting to paying millions of dollars in bribes to Brazilian politicians. The 44- year old led the company's rapid expansion through U.S....

  • *Canadian Prime Minister Justin Trudeau says we will always defend Bombardier and the Canadian aerospace industry For story: Further company coverage:.

  • Canada suggested on Thursday it could ditch its plans to buy the jets if the United States backed Boeing's claims that Canadian plane maker Bombardier Inc dumped jetliners in the U.S. market. Military procurement in Canada is handled by both the ministers of defense and public works, neither of whom were immediately available for comment.

  • OTTAWA, May 19- Boeing Co's military sales division is worried about Canada's threat to scrap the proposed purchase of 18 Super Hornet jets and is seeking talks with government officials, a source familiar with the situation said on Friday.

  • Defense contractors await Trump's trip

    Howard Rubel, Jeffries managing director of equity research, discusses the impact of President Trump's trip to the Middle East on the defense sector and gives his top picks.

  • LONDON, May 19- If you fly into London City in two years' time, air traffic controllers won't see your plane through a window but will guide it down from screens 70 miles away as the airport becomes one of the first in a major capital to use a digital control tower. The airport, which is undergoing a 350 million pound expansion, is located near the Canary Wharf financial...

  • SEATTLE, May 18- Canada suggested on Thursday it could scrap plans to buy Boeing Co fighter jets if the United States backed Boeing's claims that Canadian plane maker Bombardier Inc dumped jetliners in the U.S. market. "Canada is reviewing current military procurement that relates to Boeing," Canadian Foreign Minister Chrystia Freeland said in a statement...

Defense Contractors