This is a big week for defense earnings, with Lockheed Martin and Northrop Grumman today both topping street estimates and Lockheed's CFO saying he sees "no huge risks" to big defense projects no matter who becomes president.
On Tuesday night, the Pentagon issued a $2.7 billion order for 3,100 more Mine-Resistant Ambush-Protected vehicles, or MRAPs -- designed to protect troops from roadside bombs in Iraq. Herer are the seven manufacturers that will gain from the order.
Some bull markets are ephemeral and some last for years. Cramer thinks the defense stocks have nowhere to go but up. Here's his favorite.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Raytheon reported slightly lower third-quarter profit Thursday, hurt by losses from a unit it is selling, and forecast next year's profit below Wall Street's average estimate, sending its shares down almost 3 percent.
Both General Dynamics and Northrop Grumman beat Wall Street expectations Wednesday with their quarterly profit, as rising demand helped the defense-sector companies post bumper revenues.
Billionaire investor Carl Icahn further boosted his stake in BEA Systems to 13.22%, according to a regulatory filing.
Diversified manufacturer Emerson Electric agreed to buy a Motorola unit that serves the telecommunications, medical and defense industries for $350 million in cash, the companies said Friday.
If necessity is the mother of invention, then Eric Paulson's dad just might be the father. Or at least a cousin. Wilt Paulson started a company called LEKTRO in 1945. What Wilt and LEKTRO did was convert military aircraft into private use. Then he got into the business of turning some of them into agricultural planes, crop dusters.
A shareholder in BAE Systems has filed a lawsuit against the British defense company's board and other individuals which seeks damages stemming from past arms deals with Saudi Arabia.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
BAE Systems beat estimates with a 17% rise in mid-year underlying profits on Thursday as its armored vehicle business boosted growth.
General Dynamics posted lower second-quarter profit Wednesday, but beat Wall Street expectations on strong demand for its business jets and military vehicles.
Northrop Grumman said Tuesday second-quarter profit rose, as the defense contractor raised sales of its information technology systems and services.
Lockheed Martin, the world's No. 1 defense contractor, Tuesday reported a greater-than-expected 34% rise in second-quarter profit, helped by higher revenue from its combat aircraft and electronic systems units and lower pension costs.
Is the body-armor supplier a one-trick pony? The chief of Ceradyne tells Cramer what he's got up his sleeve.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Shares of Northern Rock plummeted 12% after the U.K. mortgage lender cut its 2007 profit expectations Wednesday, as higher interest rates weighed on funding costs and the prospects for real estate in Britain.
Recent concerns about the rising cost of corporate borrowing haven't deterred Honeywell CEO Dave Cote from looking for fresh acquisition targets for the Fortune 500 company, but market consolidation is getting harder, he warned.
A transatlantic team led by L-3 Communications has won a $2 billion contract to build a new cargo aircraft fleet, the U.S. Defense Department said on Wednesday.
Good news! A guy suing a Washington, DC area dry cleaner for $67 million over a pair of pants gone missing two years ago has reduced his damages demand to only $54 million! The guy is a judge. A JUDGE! Administration law judge Roy Pearson is suing under the local Consumer Protection Act (that must be some act), claiming signs posted inside Custom Cleaners were fraudulent by promising "Satisfaction Guaranteed." Pearson wants $54 million to make it right. Talk about being taken to the cleaners.
Raytheon said a consortium it is leading in collaboration with Computer Sciences Corp has been chosen to oversee the US Army's live, virtual and constructive training operations and support systems worldwide.