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Defense Contractors

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  • Northrop Grumman

    Northrop Grumman updated analysts with a conference call on the KC-45 tanker program--the $35 billion contract Northrop and EADS beat out Boeing to win. Boeing has filed a protest, and today Northrop said it has completely stopped work on the tanker until a review of the protest is completed by the Government Accounting Office.

  • We’re talking tankers and sock monkeys, because…we can. In the latest volley over whether or not the Air Force tanker contract should be trashed, Northrop Grumman will hold a conference call Tuesday morning with analysts (reporters can listen) “to discuss the KC-45 tanker program.”

  • It's hard being a realtor. To get paid, you have to agonize through the entire deal--spending time and money--and, increasingly, it all falls apart at the end. Even if the transaction is completed, clients start grinding you on the commission. Hey, that's business.

  • Here's one big difference between Boeing and Northrop Grumman: PR. Going into the long-anticipated tanker decision Friday, the Boeing team was in hourly contact with us, preparing for post-decision interviews. They've been in regular contact with me since last summer. Heck, they even sent me KC-767 playing cards!

  • Jeff Greene, Boeing And Countrywide: Your Emails Monday, 3 Mar 2008 | 10:52 AM ET

    The Funny Biz email inbox is overflowing this morning: On my profile of real estate mogul Jeff Greene Friday, an email from one of his tenants, Jim G, who says there have been a lot of problems...

  • Pentagon To Reveal Tanker Contract Winner Today Friday, 29 Feb 2008 | 1:49 PM ET

    The Pentagon has just announced that it will reveal the winner of the $40 billion refueling tanker contract for the Air Force at 5 pm ET today. Boeing is considered the favorite, though the Northrop Grumman/EADS team is hoping to win at least part of the deal. No matter who wins, it's expected the loser will protest.

  • Every day I’m told that the final decision on the Air Force’s $40 billion tanker deal will come down around 5 pm ET. And every day we start getting word around lunch that “it’s not going to be today.” Every. Day. This. Week. It was supposed to happen today, again. Now, we’re hearing Friday.

  • Air Force Tanker Internet "Tantrums" Monday, 25 Feb 2008 | 5:12 PM ET

    So as the country awaits the Air Force's decision on whether Boeing or Northrop Grumman will build the next generation of air refueling tankers--worth $40 billion--we were told the decision could come down as soon as the market closed on Monday

  • I was supposed to be on a plane right now to Denver, and then drive to Avon, Colorado, to "stake out" the Countrywide junket for lenders at the Ritz Carlton (see post from colleague Diana Olick). But after the Wall Street Journal reported the detes on the luxurious ski trip for 30 smaller lenders--Countrywide decided to nix the annual funfest.

  • Euro Stocks End Higher, US Factories Drag Thursday, 21 Feb 2008 | 12:09 PM ET

    European markets ended in the green but off their earlier highs Thursday, following disappointing data about factory activity in Mid-Atlantic US.

  • 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.

  • Armored-Car Makers Win Big Pentagon Deal Wednesday, 19 Dec 2007 | 11:26 AM ET

    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.

  • Staying Power: Defense Tuesday, 4 Dec 2007 | 7:23 PM ET

    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 Profit Drops 7 Percent, Hurt by Unit Sale Thursday, 25 Oct 2007 | 10:59 AM ET

    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.

  • General Dynamics and Northrop Grumman Profits Rise Wednesday, 24 Oct 2007 | 9:06 AM ET

    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.

  • Icahn Raises BEA Stake to 13.22% Thursday, 4 Oct 2007 | 8:16 AM ET

    Billionaire investor Carl Icahn further boosted his stake in BEA Systems to 13.22%, according to a regulatory filing.

  • Emerson to Buy Motorola Business for $350 Million Friday, 28 Sep 2007 | 11:52 AM ET

    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.

  • LEKTRO: Building A Better Mouse Trap (For Minks) Wednesday, 26 Sep 2007 | 8:07 AM ET

    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.

  • BAE Shareholder Files Lawsuit over Saudi Deal Thursday, 20 Sep 2007 | 10:23 AM ET

    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.

  • K-Fed Rate Cut Wednesday, 19 Sep 2007 | 3:09 PM ET

    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)?