Corporate America’s well-oiled compensation machine is running like a dream.» Read More
WASHINGTON, April 15- The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to resume in 2016..
WASHINGTON, April 3- A group of 10 U.S. lawmakers on Thursday urged Pentagon acquisition chief Frank Kendall to revamp the U.S. Army's $5 billion competition for a new armored vehicle to allow both tracked and wheeled vehicles to compete.
WASHINGTON, April 2- The U.S. Marine Corps aims to kick off a competition for a new wheeled amphibious combat vehicle in coming months, with a formal request for proposals likely to follow in fiscal year 2015, a Marine Corps spokesman said Wednesday.
NEW YORK, March 26- Former employees of Spirit Aerosystems Holdings Inc, a major supplier to plane makers Boeing and Airbus, filed charges with federal agencies on Wednesday alleging that Spirit illegally used health care information to target those who were costing the company most for layoffs.
General Dynamics filed a protest with the Army on Feb. 14, arguing that the Army's rules for a competition to replace nearly 2,900 Vietnam- era M113 infantry carriers were skewed to favor BAE Systems Plc's Bradley Fighting Vehicle.
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.
The U.S. military's human footprint is shrinking, but its robotic fighting force is on the rise, transforming the battlefield in air, land and sea.
Holders of U.S. defense stocks expressed relief that the budget spares most big arms firms. But not everybody wins.
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.