McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...» Read More
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.
Despite sequestration concerns, the defense industry has developed strategies which are attracting some investors. Carter Copeland, Barclays analyst, has the plays.
The upward momentum in defense contractor stocks, and two names in particular, may have run out, Carter Braxton Worth of Oppenheimer says.
CNBC's Hampton Pearson reports on signs showing the sequester is having an impact on private sector defense jobs. Sources saw a slowdown in defense job growth beginning in the Spring.
Lockheed Martin shares hit a new 52-week high, reports CNBC's Jane Wells. The sequester is not impacting the defense contractor's cash cow.
When Edward Snowden leaked details of a huge government surveillance programs, it presented not just a security debate for the U.S., but a public relations problem for Booz Allen.
The Department of Justice says an investigation into the NSA leaks is underway, reports CNBC's Eamon Javers. CNBC's Herb Greenberg, provides perspective on Booz Allen Hamilton's competitors.
Booz Allen Hamilton is deeply intertwined with the intelligence community, reports CNBC's Eamon Javers. A look at just how much the intelligence community outsources to private companies.
As American defense companies prepare to feel the ill effects of the sequester on their bottom lines, the companies are increasingly looking to court new customers abroad.
Warnings of massive job layoffs and another recession were all the talk when sequestration began in March. But so far the impact of government cutbacks seems a lot less than was predicted.
Of the Dow 30 companies, only Boeing and United Technologies are strongly in defense, but they're hardly pure plays, reports CNBC's Jane Wells.
Cai Von Rumohr, Cowen and Company analyst, talks about what investors should consider before buying stock in the defense sector.
CNBC's Rick Santelli talks with Bill Frezza, Huffington Post columnist, about why Republicans should back a plan to cut defense spending.
Defense shares have continued to be positive going into earnings season (Boeing aside due to 787 problems), even though most analysts believe earnings will be lower than a year ago.
The FAA has grounded all Boeing 787 Dreamliners, but the stock is making a comeback today after yesterday's drop, reports CNBC's Phil LeBeau.
Boeing is not planning to change its 787 production schedule despite recent problems, reports CNBC's Phil LeBeau. Ken Herbert, aerospace analyst at Imperial Capital, weighs in.
Boeing defends use of lithium ion batteries on Dreamliner jets, with CNBC's Phil LeBeau. Mary Schiavo, aviation attorney, weighs in.
CNBC's Jane Wells explains what areas of defense remain vulnerable.
U.S. sales of warplanes, anti-missile systems and other costly weapons to China's and North Korea's neighbors appear set for significant growth amid regional security jitters.
The Pentagon is getting ready to lay off hundreds of thousands of employees, with CNBC's Hampton Pearson.