Suddenly, private Gulfstream jets are affordable. Well, "affordable" in a relative sense.» Read More
WASHINGTON, Oct 21 (Reuters)- Lockheed Martin Corp, the top supplier to the U.S. military, forecast a drop in 2015 sales and reported lower-than-expected quarterly revenue for the second time this year. The projected decline pointed to "further Department of Defense pain," RBC Capital Markets analyst Robert Stallard said in a client note. The company said it...
NEW YORK, Oct 19- Business jet buyers are expected to take delivery of as many as 675 new aircraft worth about $20.5 billion this year, a slight rise over deliveries worth $20 billion 2013, according to a forecast by Honeywell International Inc.. That's up from 9,250 jets worth $250 billion in last years' long-range forecast, Honeywell said. Buyers in the...
Oct 14- Gulfstream Aerospace Corp, a unit of General Dynamics Corp, said it had launched two new business jets, the G500 and G600, and signed agreements for orders of up to 70 aircraft from Flexjet LLC and Qatar Airways. Dallas- based Flexjet LLC, a provider of fractional jet ownership and leasing services, will order up to 50 aircraft, including the 16- seater G450, the...
Oct 14- Gulfstream Aerospace Corp, a unit of General Dynamics Corp, said it had launched two new business jets, the G500 and G600, and received orders for up to 70 aircraft from Flexjet LLC and Qatar Airways. Dallas- based Flexjet LLC, a provider of fractional jet ownership and leasing services, will order up to 50 aircraft, including the G450, the G500 and G650,...
Oct 13- General Dynamics Corp's Gulfstream Aerospace Corp unit is expected to unveil a new business jet on Tuesday, the Wall Street Journal reported, citing people familiar with the company's plans. Gulfstream hasn't acknowledged it will unveil its latest jet this week, with a nondescript invitation for media and analysts to its Tuesday announcement, the...
WASHINGTON, Sept 16- U.S. aviation regulators on Tuesday proposed a $425,000 civil penalty against Gulfstream Aerospace Corp for failing to comply with regulations related to training aircraft mechanics.
Weapons makers like Lockheed Martin, Northrop Grumman, Boeing and Raytheon anticipate new markets for their goods. Russian aggression in Ukraine is reviving long-dormant European demand, while the emerging militant Islamist threat in Iraq and Syria has underpinned already strong Middle Eastern demand.
President Obama authorizing air strikes in both Syria and Iraq, though the groups have been strong outperformers so far this year.
NEW DELHI, Aug 21- Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.
Apple touched a fresh high Wednesday along with a handful of other companies:
Investment managers love bets made by both billionaire activists, according to a new analysis of top hedge fund stock positions.
SEATTLE, Aug 11- The head of Boeing Co's defense, space and security business said on Monday that nearly two-thirds of the $6 billion in cost cutting the unit is undertaking will come from savings found in its network of suppliers. Boeing already has cut $4 billion in costs from the defense unit, which has annual sales of $33 billion.
The number of female CEOs is on the rise but we still need more, says Rich Wellins, an exec at global talent management agency DDI.
MOSCOW, Aug 3- A businessman and associate of Vladimir Putin said he cannot use his luxury jet because of U.S. sanctions over the crisis in Ukraine, a Russian news agency reported. Gennady Timchenko, a major shareholder in Russia's No.2 gas producer Novatek, told Itar-Tass that Gulfstream Aerospace Corp. had withdrawn technical support for his jet.
Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.
Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.
*General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.
Some of Wednesday's midday movers:
Whirlpool missed profit and revenue expectations by a wide margin, and cut their full year forecast.
U.S. stock index futures signaled a flat-to-higher start to trade on Wednesday, with earnings due early from Boeing and PepsiCo.