The U.S. defense secretary, has opened the door to more weapons sales to the Gulf states, as Washington seeks to convince allies of its commitment to the Iran nuclear talks. The Financial Times reports.» Read More
*Nigeria says its Navy to attempt rescue. ABUJA/ WASHINGTON, Oct 24- Pirates attacked an oil supply vessel off the Nigerian coast and kidnapped the captain and chief engineer, both U.S. citizens, American officials said on Thursday as the Nigerian military ordered its Navy to rescue the men.
*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 23- U.S. Army orders have slowed more than expected given uncertainty about the U.S. budget outlook as well as the end of U.S. wars in Afghanistan and Iraq, weighing on sales in General Dynamics Corp's combat division, the company's chief executive told analysts on Wednesday.
Air Force officers have been caught leaving open a blast door that is intended to help prevent intruders from entering their underground command post.
WASHINGTON, Oct 22- Lockheed Martin Corp, the No. 1 supplier to the Pentagon, reported on Tuesday higher third-quarter profit despite a 4 percent decline in sales, and lifted its forecast for full-year earnings, even as U.S. military spending shrinks.
WASHINGTON, Oct 22- Lockheed Martin Corp, the No. 1 supplier to the Pentagon, reported higher third-quarter profit on Tuesday despite a 4 percent drop in sales, and lifted its forecast for full-year earnings, even as U.S. military spending is reduced.
Army leaders are trying to protect investments in programs aimed at developing new weapons, but some programs will likely be delayed, McHugh told reporters at the annual Association of the U.S. Army conference.
CNBC's Tyler Mathisen and Dominic Chu discuss what defense stocks could be market outperformers in the upcoming quarter.
WASHINGTON, Oct 21- U.S. Army Secretary John McHugh on Monday said defense budget cuts would affect the Army's plan to develop a new ground combat vehicle and most other acquisition programs, with some facing delays or even cancellation.
Turkey's military always relied on NATO-supplied Patriot missiles, but its selection of Chinese defense company stunned the military establishment.
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.
WASHINGTON, Oct 17- President Barack Obama will nominate attorney Jeh Johnson on Friday to be the next secretary of the Department of Homeland Security, a White House official said on Thursday. Johnson, who served as a top official in the Department of Defense, would succeed Janet Napolitano, who stepped down earlier this year.
BRASILIA, Oct 16- Brazil is pushing ahead with a planned $1 billion purchase of anti-aircraft missile batteries from Russia in a deal that will cement a strategic defense partnership between the two BRICS nations, the Brazilian Defense Ministry said on Wednesday.
BRIDGETOWN, Oct 11- Guyana's government said on Friday the navy of neighboring Venezuela had evicted a ship used by a U.S. oil exploration company from Guyanese waters, calling the move unprecedented and a serious threat to security.
WASHINGTON, Oct 10- Deputy Defense Secretary Ashton Carter, known for his deep knowledge of U.S. defense spending and the defense industry, said on Thursday he was stepping down in December after four years in top Pentagon jobs.
WASHINGTON, Oct 9- The U.S. Air Force expects to finalize a $2.2 billion contract with Lockheed Martin Corp for two more advanced military communications satellites in coming weeks, a top Air Force general told Reuters on Wednesday.
WASHINGTON, Oct 9- President Barack Obama directed government lawyers to find an immediate fix for stalled aid for the families of soldiers killed in the line of duty during the government shutdown, White House spokesman Jay Carney told reporters on Wednesday.
*Defence Ministry to look into complaint. India has emerged as the world's biggest arms importer as it tries to update archaic weapons systems to keep up with neighbours China and Pakistan in a $100 billion modernisation drive.
OTTAWA, Oct 8- Canadian Prime Minister Stephen Harper expressed concern on Tuesday about allegations that a Canadian intelligence agency had targeted Brazil and said officials were reaching out to their Brazilian counterparts.