NEWARK, N.J.— A subsidiary of defense contractor Lockheed Martin has agreed to pay $27.5 million to resolve allegations that it overbilled the government, federal prosecutors announced Friday. A message seeking comment left with Lockheed Martin wasn't immediately returned. The work was done at Fort Monmouth in New Jersey, and the Aberdeen Proving Ground in...» Read More
The F-35 Joint Strike Fighter from Lockheed Martin is the most expensive defense program in history. Costs could reach $1 trillion, between buying the aircraft and supporting it for decades.
General Dynamics is drawing call activity as Wall Street analysts appear conflicted over the outlook for GD and other defense contractors. Options traders are playing a May 40-45 call spread that is looking for General Dynamics to bounce after dropping more than 30 percent in the last quarter.
Cramer looks at the defense, natural gas, coal and utility sectors through a White House prism.
It may seem like the country that used to make everything is on the brink of making nothing.
Cramer shows you how to separate the winners from the losers.
AeroVironment could rally if the Democrats take the White House, Cramer says.
The dispute could hurt more than just one company's earnings if it isn't resolved soon, Cramer says.
But it's not just this company that's being affected. Here are five other stocks to avoid until the airplane-maker's done with its labor problems.
Orbital Sciences is just the kind of company that could benefit if the White House goes blue come November.
Cramer recommended stocks he thinks could see a gain going into the Republican National Convention.
European aerospace group EADS said on Wednesday it was extending its Power8 restructuring at planemaker Airbus and measures to tackle a weak dollar as it posted weaker-than-expected second quarter profit.
Boeing reported a greater-than-expected 19 percent drop in quarterly profit on Wednesday as it took a charge on a delayed military plane contract and suffered knock-on effects of its troubled 787 Dreamliner program.
Lockheed Martin said on Tuesday quarterly profit rose, as sales of its electronic defense systems and a one-time gain related to a sale of some land offset lower sales for its F-16 fighter jet program.
Honeywell International Friday reported quarterly profit jumped 18 percent, topping expectations, and raised its full-year earnings forecast, citing strong demand for aircraft electronics and environment and security control systems used in large commercial buildings.
Diversified U.S. manufacturer United Technologies said Thursday quarterly profit beat Wall Street forecasts, on solid demand for Otis elevators and fire and security equipment from the commercial construction sector, and boosted its full-year profit outlook.
Protectionism is not good for anybody and could hurt trans-Atlantic relations, the chief executives of EADS and Northrop Grumman told CNBC referring to the largest-ever tanker deal, which last week was reopened by the US department of defense.
U.S. Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman and EADS over Boeing was found to be flawed.
U.S. Defense Secretary Robert Gates said on Wednesday he planned to reopen a $35 billion competition between Boeing and a team of Northrop Grumman and Europe's EADS to build new aerial refueling tankers.
Alliant Techsystems Inc. , a military contractor and aerospace company, said Wednesday it will supply rockets to the U.S. Air Force under a contract worth as much as $250 million.
President Bush said Thursday he will lift key trade sanctions against North Korea and remove it from the U.S. terrorism blacklist, a remarkable turnaround in policy toward the communist regime he once branded as part of an "axis of evil."
The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.