SAN DIEGO— A fourth member of the U.S. Navy has been charged with conspiracy to commit bribery in a multimillion-dollar scheme involving a Singapore- based defense contractor accused of providing cash, vacations, electronics and prostitutes in exchange for classified information.» Read More
Stocks recovered from a lower start Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
Stocks bounced back from a lower open Tuesday as a broker upgrade on Apple buoyed the Nasdaq. Getting the market off to a jittery start after the three-day weekend, the decline in housing prices showed no signs of letting up and there were reports of another missile launch by North Korea.
After a long Memorial Day weekend, futures indicated a negative open for Wall Street Tuesday as reports that North Korea launched missiles caused alarm.
The funny business of defense procurement. The fate of the Air Force's refueling tanker program remains, well, up in the air. While politicians are pressuring the Pentagon to split the order between the original winner, Northrop Grumman/EADS and challenger Boeing, Defense Secretary Robert Gates still prefers a "winner take all" decision. Some speculate it may require a Presidential veto to ensure the Pentagon gets its way.
This is “certainly the time you want to start getting into the market,” said Arthur Hogan, managing director at Jefferies. He offered CNBC his current investment ideas.
Thousands of daily attacks on federal and private computer systems in the United States — many from China and Russia, some malicious and some testing chinks in the patchwork of American firewalls — have prompted the Obama administration to review American strategy.
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.
With the defense budget coming out soon, will President Obama bump up defense spending?
European aerospace group EADS said on Tuesday it had abandoned a "significant" defense acquisition in the United States to conserve cash and prop up Airbus plane sales to crisis-hit airlines.
General Electric said Tuesday that it will no longer provide specific quarterly earnings guidance, though the company affirmed its earnings target for 2008.
If you haven't seen the movie "Stripes", you're missing out. The premise is pretty simple: Bill Murray, having lost his job, decides to enlist along with his buddy Harold Ramis, hilarity ensues. It's actually not entirely dissimilar from "Ghostbusters."
"Today, the Department of Defense notified the Congress and the two competing contractors, Boeing and Northrop Grumman, that it is terminating the current competition for a U.S. Air Force airborne tanker replacement...."
The Wall Street Journal reports the Pentagon is canceling the $35 billion tanker competition because it can't pick a winner by New Year's.
From The Seattle Times: "Air Force tanker guidelines to come next week". That was written August 21st. Wrong. From The Financial Times: "An announcement of the requirements, or request for proposals, could come as early as tomorrow." That was written Monday. Also wrong.
A top Russian general on Friday said Poland's deal with the United States to set up parts of a missile defence shield on Polish territory lays it open to a possible military strike, a Russian news agency reported.
Georgian officials and Russian soldiers faced each other at the frontline on Thursday to negotiate the handover of a strategic town abandoned by Georgia's army three days ago.
Both bidders in the $35 billion tanker competition met with Pentagon officials and said their piece over the new request for bids (the "RFP"). The difference in their responses afterwards may give you a clue as to how it went.
Georgian President Mikhail Saakashvili accused Moscow of trying to overthrow his government, while Russian President Dmitry Medvedev said that a military operation in South Ossetia was nearly over.
There's more than meets the eye to the frantic US efforts to talk Russia and US ally Georgia out of war over an obscure mountain tract most Americans have never heard of.
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