WASHINGTON, Oct 14- Pratt& Whitney, a unit of United Technologies Corp, has been awarded a $592 million contract with the Pentagon for a seventh batch of F135 engines to power the F-35 fighter plane built by Lockheed Martin Corp, the Defense Department said on Tuesday. Top Pentagon officials had expected to reach agreement on the contracts earlier this summer, but...» Read More
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.
Boeing reaffirmed its earnings and revenue guidance from its first quarter earnings report, which was released on April 25.
Well, if you owned Vonage on Thursday, and a lot of you did, you got your "just" rewards as the stock turned out to be a best performer. It gained 10.82% by Thursday's close. Vonage has been on the most active and widely held lists for some time now. This it's first appearance as a best performer. A couple of newer names showed up on the most active--HALO,ALU and MNKD. Here ya go:
Ionatron said it was awarded a $500,000 deal from the Navy for testing of a counter-explosive device, boosting shares on Monday.
It's the "usual suspects" holding down the top three spots on Trading With The Stars. Jonathan Tucker and a very active Stephen Collins maintain a status quo by holding the first two positions. Jonathan has not made any transactions except for bonus bucks since 4/23, and Stephen had been active buying and selling and getting big gains on Advanced Energy--balanced by losses in C-Cor. James Cromwell continues to hold 3rd place.
Lockheed Martin said that first-quarter profit rose a greater-than expected 17% as the world's largest defense contractor posted higher sales of information systems for government customers and had a number of one-time gains.Northrop Grumman's earnings rose less than predicted as strike costs cut into the bottom line.
Defense contractor L-3 Communications Holdings on Monday said first-quarter profit rose 17 percent, on robust demand for intelligence services and communications products from the U.S. military.
Actor Jonathan Tucker is playing for "Street Signs" in Trading With The Stars. He might be playing for higher stakes after the contest if he's taken at his word. Even though he's in 4th place, he told CNBC's Erin Burnett that if he was running a hedge fund the way he's running his contest portfolio--"we'd be doing pretty fantastically well." He did say that he and Erin should open up their own hedge fund. (hold on Jonathan--we'll see about that--it's just contest--but could it be a career move? nah..) However, he certainly dresses the part..