Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.» Read More
*U.S. players include Gogo, Honeywell, Golden Eagle. LONDON, July 22- The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
HARTFORD, Connecticut— Private jet sales are rising again, climbing out of a deep recession when the company plane was an easy target for spending cuts. The chief executive of General Dynamics Corp., maker of Gulfstream jets, says corporate customers are back and wealth creation is bringing out shoppers for private jets.
*U.S. Navy names General Dynamics, Lockheed units "superior suppliers". WASHINGTON, June 13- The U.S. Navy on Friday named units of top arms makers General Dynamics, Lockheed Martin Corp and Raytheon Co as part of its list of the top-performing nine suppliers for 2014 based on their performance over the last three years.
WASHINGTON, June 10- The U.S. government is revamping proposals for a multibillion-dollar modernization of Saudi Arabia's navy after leadership changes in the kingdom, but no decisions are expected in the near-term, industry and government officials said this week.
*China business jet sales to top $65 bln over 20 years. Now the supplier of private aircraft for the Ferrari motor racing team is looking into a new joint venture far from home- manufacturing in China.
It's Frank Kendall's job to write checks for programs that will shape U.S. defense forces for the next quarter century.
*Sees 2014 adj loss of $2.10- $2.30/ share vs prev forecast of $2.00- $2.20. May 6- Cybersecurity company FireEye Inc forecast a bigger loss this year as it spends more on developing new products, sending its shares down as much as 10 percent in extended trading. FireEye also said it would acquire privately held nPulse Technologies for about $70 million.
May 6- Cybersecurity company FireEye Inc reported higher-than-expected quarterly revenue but said it expects a bigger loss in 2014 as it spends more on developing new products. Shares of FireEye, which went public last September, fell as much as 8 percent in extended trading.
April 28- General Dynamics Corp, the maker of Gulfstream jets, tanks and naval ships, said its unit had received a contract worth $17.6 billion from the U.S. Navy for the construction of ten submarines.
WASHINGTON, April 28- The U.S. Navy on Monday awarded a $17.6 billion contract for 10 more Virginia-class, nuclear-powered attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the largest ever Navy shipbuilding contract.
WASHINGTON, April 28- The U.S. Navy on Monday awarded a $17.6 billion contract for 10 more Virginia-class attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the largest Navy shipbuilding contract ever.
These companies have been shrinking either due to dropping demand, evaporating pricing power or by reducing their size.
WASHINGTON, April 28- Mergers and acquisitions in the U.S. weapons industry are starting to edge up after a third year of declining revenues across the sector in 2013, according to two separate reports released on Monday.
Some of Thursday's midday movers:
WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.
The Treasury Department auctioned $35 billion in five-year notes at a high yield of 1.732 percent, the rate highest since May 2011.
The Dow Jones index that tracks the 10 biggest aerospace and defense companies rose 1.75 percent, driven by gains in shares of Lockheed Martin Corp, General Dynamics Corp, and Northrop Grumman Corp, which all reported higher profit and earnings per share this week.
Some of Wednesday's midday movers:
US stock index futures seesawed as investors awaited another wave of major earnings, including Dow-listed Boeing and Procter & Gamble.
WASHINGTON, April 17- An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday.