Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.» Read More
WASHINGTON, March 11- Top U.S. defense officials are bracing for a brutal season of budget negotiations, warning U.S. lawmakers that the U.S. military will gradually become unable to respond to emerging crises if Congress blocks the Pentagon's plans to cut military compensation, close bases and retire entire fleets of aircraft.
WASHINGTON, March 10- The U.S. Navy has awarded contracts worth nearly $1.4 billion to buy four more Littoral Combat Ships from Lockheed Martin Corp and Australia's Austal Ltd, the U.S. Defense Department said on Monday.
F-35 JOINT STRIKE FIGHTER The Pentagon said it remained strongly committed to the Lockheed Martin Corp F-35 fighter jet program, which includes an engine built by Pratt& Whitney, a unit of United Technologies Corp. Northrop Grumman Corp and Britain's BAE Systems Plc also provide significant components for the aircraft.
OTTAWA/ WASHINGTON, Feb 14- U.S. weapons maker General Dynamics Corp has won a contract worth up to $13 billion for its Canadian division to build light-armored vehicles for Saudi Arabia, in what Ottawa said was the largest advanced manufacturing export win in Canadian history.
WASHINGTON, Feb 14- U.S. weapons maker General Dynamics Corp said on Friday it had won a contract valued at up to $13 billion from the Canadian government to build military and commercial vehicles for an international customer.
*Asia, Gulf to drive global defence growth in 2014. LONDON, Feb 12- Fuelled by growing strains in Middle East and Asia, global defence spending looks set to rise in 2014 for the first time since the 2008 financial crisis.
WASHINGTON, Jan 30- U.S. arms maker Raytheon Co on Thursday reported higher-than-expected earnings in the fourth quarter, although revenues fell short of estimates with U.S. military spending in decline.
But Boeing was much more cautious about the current year. Boeing said it still plans to return as much cash to shareholders through share buybacks and dividends as promised. But investors have been betting on cash flow building to a substantial peak in coming years as Boeing churns out more planes, which could provide more cash returns.
Boeing said it expects core earnings to rise to as much as $7.20 a share in 2014, up less than 2 percent from $7.07 a share for 2013.. Robert Stallard, analyst at RBC Capital Markets, said he expected concern about the 2014 forecast, but Boeing's pattern of conservative guidance at the start of the year was well-established.
Boeing posted quarterly results Wednesday that exceeded expectations, but share prices dropped sharply on its 2014 revenue and profit projections.
Chicago- based Boeing said net income in the quarter rose to $1.23 billion, or $1.61 a share, from $978 million, or $1.28 a share, a year earlier. Boeing said it would deliver between 715 and 725 commercial airplanes this year, a possible increase of nearly 12 percent from a record 648 in 2013..
The bull run in defense stocks is expected to continue, despite lingering concerns about federal spending.
Some of the names on the move ahead of the open.
WASHINGTON, Jan 23- Boeing Co and General Dynamics Corp on Thursday each agreed to give the U.S. Navy $200 million in aircraft and services to settle an epic, 23- year legal dispute over cancellation of the $4.8 billion A-12 stealth aircraft in 1991..
WASHINGTON, Jan 22- General Dynamics Corp shares rose more than 5 percent on Wednesday after the maker of Gulfstream business jets and Navy ships posted higher-than-expected quarterly results, and pledged to buy back 11.4 million shares in the first quarter.
WASHINGTON, Jan 22- General Dynamics Corp Chief Executive Phebe Novakovic forecast a slight drop in earnings per share and revenue for 2014 on Wednesday, but said the company would aggressively return cash to shareholders through share buybacks and dividends.
DeMuro follows Hudson to BAE from U.S. weapons manufacturer General Dynamics. He was previously executive vice president and corporate vice president at General Dynamics's $11 billion information systems and technology group. DeMuro was passed over for the top position at General Dynamics in late 2012, a job now held by Phebe Novakovic.
China is preparing to welcome private aircraft, a move that may herald the greatest expansion of business and private aviation in 30 years.
*China is preparing to open up lower airspace. Recent rules changes, however, indicate that China is preparing to open its skies to private aircraft, in a move that may herald the greatest expansion of business and private aviation in the last 30 years.
OTTAWA, Dec 20- Canada said on Friday it was scrapping a C $2 billion plan to buy 108 large armored troop-carrying vehicles for land forces, in part because the equipment was no longer seen as crucial. The three companies in the running were France's Nexter, Britain's BAE Systems Plc and General Dynamics Corp's Land Systems unit.