NEW DELHI, Aug 21- Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.» Read More
Halliburton estimated first-quarter earnings, excluding items, of about 49 to 54 cents a share. Tuesday's percentage decline in Halliburton shares marked the stock's biggest slide in about eight months.
Okay--time to look at who's "stock picking" star is shining among our show celebs competing in "Trading With The Stars. CNBC show producers are getting into the act with comments like "Now he's kicking butt" and "Go Tucker Go!" Here's why they're saying that.
The Chicago-based company tweaked its 767 design to improve fuel efficiency, among other factors, in hopes of beating rival Northrop Grumman.
Northrop Grumman and its Franco-German partner EADS will bid against Boeing in a $40 billion U.S. competition for new aerial refueling tankers, Northrop announced today.
Defense company Lockheed Martin cruised past quarterly profit and sales targets, and the company also boosted its profit forecast for the current year.
The company, which makes Abrams tanks and Stryker combat vehicles for the U.S. Army as well as Gulfstream jets, reported net profit of $408 million, or $1 a share, compared with $406 million, or $1 a share, a year earlier.
The U.S. government spent some $30 billion on the defense in 2006--and that helped make stocks in the sector quite valuable to investors. As we look into 2007, the question about how defense stocks will do this year was a topic on "Morning Call" (we had viewer email submissions). The question may be even more important as the Democrats take control of Congress.
The F-35's safe first flight is an important step toward full production of the $276.5 billion fighter project, which Lockheed Martin is developing.
The Iraq Study Group will bring its long awaited recommendations to President Bush on Wednesday--but it remains to be seen just how closely the Bush administration will adhere to its proposals. On CNBC’s “Power Lunch” --Bill Griffeth discussed the group with Michael Duffy, Time magazine’s Washington Bureau Chief and John Harwood--CNBC Chief Washington Correspondent.
Lockheed Martin shares hit an all-time high on reports of new aircraft orders from the U.S. Air Force.