WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...» Read More
The government shutdown will have an immediate impact on workers at the Pentagon. But for the defense contractors? No big deal right now.
Despite sequestration, defense contractor stocks remain near all-time highs, reports CNBC's Jane Wells. FM trader Steve Grasso says Lockheed is his favorite, and Pete Najarian likes Boeing.
David Langstaff, TASC CEO, explains why we have to assume the government will shut down and shares which companies will be most impacted.
Contractors were already cutting jobs, reports CNBC's Jane Wells.
Secretary of Defense Chuck Hagel has pledged to cut the Army by 80,000, but a new study by suggests that Hagel could cut more while doing no harm.
Boeing is to win one of the world's biggest defense deals of the year when South Korea names the winner of an $7.7 billion fighter jet tender.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.
Big spending cuts by the Pentagon may not be enough to meet the reductions mandated by the sequestration.
Sen. James Inhofe, (R-OK), explains why he wants to give the Defense Department a one year exemption from budget cuts if the U.S. strikes in Syria.
CNBC's Dominic Chu has the rundown on where all the action is as a slew of notable records are being made in several stocks and sectors.
One of the few things defense experts agree on about Syria is that any military strike will involve Tomahawk cruise missiles made by Raytheon.
The Senate Foreign Relations Committee is voting on authorizing a military strike on Syria. CNBC's Eamon Javers reports politicians are split on the issue, including Sen. McCain who is arguing for tougher language.
CNBC's John Harwood is in Midwest City, Oklahoma after spending 24 hours with Rep. Tom Cole, R-OK. The public is voicing its opinion on the sequester, and Syria.
CNBC's Steve Liesman reports on the cost of President Obama's proposed military strike. CNBC contributor Ben White discusses the market impact of a potential U.S. strike in Syria.
CNBC's Dominic Chu focuses on defense stocks while tensions in Syria heighten.
U.S. military and national security advisers huddled with President Barack Obama at the White House on Saturday to consider options for responding to the alleged use of chemical weapons by the Syrian government this week.
Bloodshed on the streets of Egypt is delaying completion of a lucrative deal to sell Lockheed Martin F-16s to the troubled U.S. ally.
The crisis in Egypt is delaying the completion of a lucrative deal selling Lockheed Martin F-16s. CNBC's Jane Wells has the details.
President Barack Obama condemned Egypt's interim government Thursday, saying the United States was canceling a joint military operation in protest of violence that left 525 dead.
Despite sequestration concerns, the defense industry has developed strategies which are attracting some investors. Carter Copeland, Barclays analyst, has the plays.