Defense Contractors


  • Northrop spokesman Randy Belote declined comment on the report, referring queries to the Air Force. Officials at the Air Force and Pentagon also declined comment. News about the RQ-180 comes after the Air Force last year sought to halt funding for Northrop's high-altitude, non-stealthy Global Hawk plane despite resistance from Congress.

  • Northrop spokesman Randy Belote declined comment on the report, referring queries to the Air Force. Air Force spokeswoman Major Natasha Waggoner also declined comment. News about the RQ-180 comes after the Air Force last year sought to halt funding for Northrop's high-altitude, non-stealthy Global Hawk plane despite resistance from Congress.

  • WASHINGTON, Nov 27- The United States pledged support for ally Japan on Wednesday in a growing dispute with China over islands in the East China Sea and senior U.S. administration officials accused Beijing of behavior that had unsettled its neighbors.

  • OTTAWA, Nov 26- In the latest blow to Canada's crisis-hit military procurement process, the country's official spending watchdog said on Tuesday the government has underestimated how much a multibillion-dollar naval shipbuilding plan will cost.

  • WASHINGTON, Nov 22- Sikorsky Aircraft Co, a unit of United Technologies Corp, will be awarded a contract to supply the U.S. Air Force's combat rescue helicopter program, but only if funding survives the military budget axe.

  • DUBAI, Nov 21- The Dubai Airshow was closed on Thursday after heavy winds and rain hit the region overnight. A spokesman for the U.S. Air Force said there was no damage to the 12 U.S. aircraft that were on display as U.S. officials had moved the aircraft late on Wednesday to a nearby maintenance facility in anticipation of the storm.

  • DUBAI, Nov 18- Foreign sales of the V-22 tilt-rotor aircraft built by Boeing Co and Bell Helicopter could grow significantly in the "very near future," top U.S. military officials said, citing interest in both military uses and for VIP transports.

  • Lockheed cuts 4,000 jobs as US govt spending wanes Thursday, 14 Nov 2013 | 9:28 AM ET

    Defense contractor Lockheed Martin said it plans to cut 4,000 jobs, or more than 3 percent of its workforce, to cope with declines in U.S. spending.

  • *2014 earnings forecast $3.10- $3.40/ share vs est. The Pentagon's spending fell by $37 billion in 2013 and is likely to fall further by about $52 billion in 2014.. Boeing Co reported a 5 percent fall in sales of its military aircraft in the third quarter ended Sept. 30, while sales at General Dynamics Corp's combat systems business fell 30 percent.

  • Due to the uncertainties in Washington, it is a difficult time for the defense business, says Linda Hudson, Bae Systems CEO. She says 1,200 workers were out of work due to the shutdown and shifting Bae System's portfolio into military equipment and high tech electronics.

  • *Air Force may buy up to 100 bombers at up to $550 mln each. WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on a new U.S. Air Force long-range bomber program, a multibillion-dollar project that U.S. Air Force officials have described as a top acquisition priority.

  • WASHINGTON, Oct 24- Months after the U.S. military was hit with a $37 billion budget cut that threw it into turmoil and confusion, the Pentagon is headed into the new fiscal year facing a similar threat that could have even more devastating consequences, officials say.

  • *Full-year EPS seen at $8.00- $8.15. WASHINGTON, Oct 23- Northrop Grumman Corp, maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings and raised its forecast for full-year profit even as U.S. military spending cuts start to bite.

  • WASHINGTON, Oct 23- The U.S. Navy said on Wednesday it issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar valued at $1.6 billion after Lockheed Martin Corp filed a protest of the contract award.

  • WASHINGTON, Oct 20- The U.S. Air Force has talked for years about attracting more companies to the military satellite business to stir competition and cut costs. Billions of dollars of new contracts are at stake, both for legacy satellite and rocket launch providers such as Lockheed Martin Corp and Boeing Co, and newcomers trying to break into the market.

  • NATO's Turkey looks to China for missile purchase Thursday, 3 Oct 2013 | 1:23 PM ET

    Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.

  • The new 'Humvee': Firms vie for $22 billion prize Friday, 20 Sep 2013 | 11:00 AM ET
    U.S. Army soldiers dismount from their Humvee after getting stuck in a mud hole in Kirkuk, Iraq, 2006.

    The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.

  • Pentagon cuts, but it's still not enough: Analysis Monday, 16 Sep 2013 | 10:52 AM ET
    The USS Arlington, front, and USS San Diego at Ingalls Shipbuilding yard, a division of Huntington Ingalls Industries, in Pascagoula, Miss.

    Big spending cuts by the Pentagon may not be enough to meet the reductions mandated by the sequestration.

  • Tomahawks may fly, but Raytheon shares not soaring Monday, 9 Sep 2013 | 2:09 PM ET
    A Tomahawk missile

    One of the few things defense experts agree on about Syria is that any military strike will involve Tomahawk cruise missiles made by Raytheon.

  • Obama weighs up options after Syria gas attack Saturday, 24 Aug 2013 | 11:00 PM ET

    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.

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