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General Dynamics Corp

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  • Representative Rodney Frelinghuysen, a senior member of the Appropriations Committee in the House of Representatives, chided President Barack Obama for proposing a $534 billion Pentagon base budget that "ignores the law" by exceeding federal spending caps by nearly $35 billion. Frelinghuysen told Navy and Marine Corps leaders to submit specific lists of...

  • SYDNEY, Feb 19- Australia will hold an open tender for a multi-billion dollar project to replace the army's current light armored vehicles with a next-generation ground combat system, Defense Minister Kevin Andrews said on Thursday. Britain's BAE Systems, which earlier this month won a contract to do heavy maintenance in Australia on Lockheed Martin Corp's...

  • Feb 6- Harris Corp said it would buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense. Exelis, spun off from ITT Corp in 2011, makes antennas for military aircraft, domes for Navy ships, sonar systems and GPS navigation systems. The total offer of $23.75 per...

  • -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co.. -$3 billion for continued development of Boeing's KC-46A refueling planes, or tankers. -$11.6 billion for nine new ships, including smaller coastal warships built by Lockheed and Australia's Austal, an aircraft carrier being built by Huntington Ingalls Industries, and other submarines...

  • WASHINGTON, Feb 2- The U.S. Air Force's fiscal 2016 budget released on Monday delayed a long-awaited competition for a new air-ground surveillance aircraft to replace the E-8C Joint Surveillance Target Attack Radar System. The JSTARS program has been delayed repeatedly, although potential bidders had been heartened by statements from Air Force officials...

  • WASHINGTON, Feb 2- The U.S. Defense Department's budget request released on Monday would boost funding for research, development and procurement of weapons by 13 percent to $190 billion in fiscal 2016, including nearly $11 billion for the Lockheed Martin Corp F-35 fighter jet. -$3.4 billion for 16 P-8 maritime surveillance planes built by Boeing Co..

  • *Expects 2015 earnings $9.20- $9.50/ share vs est $9.11. *Earnings $2.48/ share vs est $2.25. U.S. defense suppliers have cut costs and increased sales to markets outside the United States as the Pentagon tries to cut about $1 trillion in spending over a decade as required by a 2011 law.

  • Jan 29- U.S. weapons maker Raytheon Co on Thursday forecast 2015 revenue largely below average analyst expectations as orders fell for the first time in four quarters, but said it expected a return to modest revenue growth in 2016.. Raytheon Chief Financial Officer Dave Wajsgras told Reuters he expected low single-digit revenue growth in 2016, with...

  • Jan 29- U.S. weapons maker Raytheon Co forecast 2015 revenue largely below average analyst expectation as orders fell for the first time in four quarters. Raytheon said its dividend payments increased 6 percent to $735 million last year. Net income attributable to Raytheon rose to $582 million, or $1.88 per share, in the fourth quarter, from $531 million, or $1.66...

  • *Expects 2015 rev $31.3 bln- $31.5 bln vs est $31.2 bln. *Rev $8.36 bln vs est $8.04 bln. Jan 28- General Dynamics Corp, maker of Gulfstream jets, tanks and war ships, forecast better-than-expected revenue for 2015 as aircraft orders touched their highest in more than three years.

  • Jan 28- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a 42 percent jump in fourth-quarter profit and said quarterly aircraft orders were at their highest in more than three years. General Dynamics said on Wednesday it returned about $4.2 billion to shareholders through stock repurchases and dividends in 2014, more than...

  • General Dynamics profit jumps 42 pct, jet orders rise Wednesday, 28 Jan 2015 | 7:10 AM ET

    Jan 28- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a 42 percent jump in fourth-quarter profit and said quarterly aircraft orders were at the highest in more than three years. Net income rose to $701 million, or $2.09 per share, from $495 million, or $1.40 per share, a year earlier. Revenue increased 4 percent to $8.36 billion.

  • Midday movers: Lockheed Martin, Plantronics & more Tuesday, 27 Jan 2015 | 1:05 PM ET

    Some of Tuesday's midday movers:

  • Jan 27- Lockheed Martin Corp, the Pentagon's largest arms supplier, reported a better-than-expected 8.6 percent rise in quarterly revenue, helped by higher demand for its F-35 fighter jets. The Pentagon is trying to cut about $1 trillion in projected spending from its budget over a decade as required by a 2011 law. Lockheed, which also makes satellites and...

  • Cramer's game plan: It all depends on this Friday, 16 Jan 2015 | 6:13 PM ET
    Traders on the floor of the New York Stock Exchange.

    Earnings season is back, baby! The direction of the market depends on these key companies.

  • WASHINGTON, Jan 13- The U.S. Marine Corps will insist on competition for the next U.S. amphibious warship despite a decision last year to base the ship on the LPD-17 ship designed by Huntington Ingalls Industries Inc, Major General Robert Walsh said on Tuesday. Navy officials had no immediate comment on the expected terms of the competition, which are likely to...

  • Fund with woman’s touch beating market Friday, 9 Jan 2015 | 7:23 AM ET
    CEO of PepsiCo Indra Nooyi speaks at the official opening of a PepsiCo bottling plant in Domodedovo, near Moscow, on July 8, 2009.

    Having more females in higher positions could help a company's stock, if the initial performance of Barclay's Women in Leadership ETN is any guide.

  • Strategists’ stock picks for 2015’s economy Wednesday, 7 Jan 2015 | 8:29 AM ET
    A Gulfstream G280 jet, by Gulfstream Aerospace Corp., a unit of General Dynamics.

    With low oil and other conditions in mind, several analysts and major research firms recommend these two sectors for 2015.

  • Early movers: JCP, AXP, PEP, SNE, SIRI & more Wednesday, 7 Jan 2015 | 7:55 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...