NEW DELHI/ MUMBAI, May 30- Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Modi has made defense a big part of his "Make in India" programme. As part of any defence contract, he is... » Read More
Goldman Sachs today removed Northrop Grumman from its Conviction Sell list and upgraded it to...Sell. What is THAT supposed to mean?
The new proposed bid requests aren't even out yet for the Air Force's refueling tanker, but you can already bet on a protest if the $35 billion contract once again goes to Northrop Grumman/EADS.
A late rally pushed stocks higher Tuesday following better-than-expected earnings from several Dow components. The Dow logged its seventh-straight gain, the Nasdaq, it's tenth.
The Dow advanced Tuesday as a slew of components beat earnings expectations. But there were pockets of weakness throughout the market, including chips, hardware, banks and retail. The Nasdaq was lower.
The Dow bolted out of the gate Tuesday as a slew of components beat earnings expectations. But there were pockets of weakness throughout the market, including chips, hardware, banks and retail. The Nasdaq was lower.
Futures indicated a slightly lower open for Wall Street Tuesday ahead of a slew of earnings and Federal Reserve Chairman Ben Bernanke's Capitol Hill testimony.
Russian President Dmitry Medvedev says the summit with President Barack Obama is a "first but very important step" toward revitalizing relations between Russia and the United States.
The cyberwar games at West Point are just one example of a heightened awareness across the military that it must treat the threat of a computer attack as seriously as it does an attack carried out by a bomber or combat brigade.
The funny business of defense procurement. The fate of the Air Force's refueling tanker program remains, well, up in the air. While politicians are pressuring the Pentagon to split the order between the original winner, Northrop Grumman/EADS and challenger Boeing, Defense Secretary Robert Gates still prefers a "winner take all" decision. Some speculate it may require a Presidential veto to ensure the Pentagon gets its way.
This is “certainly the time you want to start getting into the market,” said Arthur Hogan, managing director at Jefferies. He offered CNBC his current investment ideas.
The administration’s plan to halt the $13 billion helicopter program, announced this month, will leave the government with little to show for the $3.2 billion it has spent since the Bush administration set out to create a futuristic craft that could fend off terrorist attacks and resist the electromagnetic effects of a nuclear blast.
Thousands of daily attacks on federal and private computer systems in the United States — many from China and Russia, some malicious and some testing chinks in the patchwork of American firewalls — have prompted the Obama administration to review American strategy.
Plus, Cramer highlights why Obama could be good for defense stocks and why Goldman Sachs had the right idea for balance sheet management.
General Dynamics is drawing call activity as Wall Street analysts appear conflicted over the outlook for GD and other defense contractors. Options traders are playing a May 40-45 call spread that is looking for General Dynamics to bounce after dropping more than 30 percent in the last quarter.
"Today, the Department of Defense notified the Congress and the two competing contractors, Boeing and Northrop Grumman, that it is terminating the current competition for a U.S. Air Force airborne tanker replacement...."
The Wall Street Journal reports the Pentagon is canceling the $35 billion tanker competition because it can't pick a winner by New Year's.
From The Seattle Times: "Air Force tanker guidelines to come next week". That was written August 21st. Wrong. From The Financial Times: "An announcement of the requirements, or request for proposals, could come as early as tomorrow." That was written Monday. Also wrong.
Both bidders in the $35 billion tanker competition met with Pentagon officials and said their piece over the new request for bids (the "RFP"). The difference in their responses afterwards may give you a clue as to how it went.
The chances are "pretty good" that Boeing is truly considering the threat, because the new Pentagon request from bidders contains two things--a tanker ready next year, and a larger aircraft--which are both "bad for Boeing."
The Pentagon has released its "draft" of requirements to Boeing and Northrop Grumman in what it wants in a new air refueling tanker, and, at first blush, advantage Northrop.