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General Dynamics Corp
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Boeing Co's defense division, Northrop Grumman Corp and General Dynamics Corp on Wednesday followed the lead of Pentagon supplier Lockheed Martin Corp in reporting higher earnings and lower revenue.
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The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
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WASHINGTON, April 24- General Dynamics Corp remains "very, very focused" on cutting overhead costs across the company as part of its ongoing drive to improve operating margins and increase competitiveness, Chief Executive Phebe Novakovic said on Wednesday.
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WASHINGTON, April 24- General Dynamics Corp Chief Executive Phebe Novakovic said investors could expect consistency in dividend payments and more "shareholder-friendly" share buybacks in 2013.. Novakovic said General Dynamics had increased its quarterly dividend payment by 10 percent to 56 cents a share in March, a trend she called "important."
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Boeing Co's defense division, Northrop Grumman Corp and General Dynamics Corp on Wednesday followed the lead of top Pentagon supplier Lockheed Martin Corp in reporting higher earnings and lower revenue.
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April 24- General Dynamics Corp reported slightly higher first-quarter earnings on Wednesday, far exceeding analysts' forecasts, but revenue fell short of expectations. The maker of tanks, ships and Gulfstream jets reported net earnings of $571 million, or $1.62 per share, up from $564 million or $1.57 per share, a year earlier.
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Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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Chief of Naval Operations Admiral Jonathan Greenert said budget requests required under sequestration had cut about $6.1 billion, or 8 percent, from the Navy's investment programs in fiscal year 2013, which ends Sept. 30.
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The market doesn't think the terrible attacks in Boston are a prelude to a new war.
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*Pentagon facing "double absurdity" in funding- official. Deputy Defense Secretary Ashton Carter told a conference of industry officials that the Pentagon was facing a "double absurdity" of having to implement across-the-board budget cuts generally seen as bad policy while being funded for last year's spending levels and priorities.
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*Increases dividend 10 pct to 8.8 pence per share. LONDON, March 7- British defence and aerospace supplier Cobham is to expand its commercial aircraft division and continue cost-cutting to offset forecast U.S. budget cutbacks and return the company to growth next year.
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Based in San Diego, NASSCO is a wholly-owned subsidiary of General Dynamics and the largest full-service shipyard on the West Coast. The company's three shipyards are in Mayport, Florida, near Jacksonville; Norfolk, Virginia; and San Diego- cities that rely heavily on the military for jobs.
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The sequester would hit defense companies hard, CRT Capital analyst Brian Ruttenbur says.
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Stocks eased off their best levels but eked out a gain on the final trading day of February, with the Dow within striking distance of a new all-time closing high and the S&P 500 logging its fourth-consecutive month of gains.
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*Virginia, Maryland, D.C. could lose 450,000 jobs- study. WASHINGTON, Feb 28- U.S. government workers normally unfazed by political gridlock are angry that they will be disproportionately hurt by Washington's inability to reach a deal to avoid some $85 billion in automatic budget cuts due to kick in on Friday.
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Is there a massive storm brewing in the market? Jim Cramer thinks that kind of talk is simply hot air.
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With the automatic spending cuts looming, investors should avoid defense stocks and instead look to play defense, Delphi Management President Scott Black told CNBC.
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NEW YORK, Feb 22- U.S. investors face another Washington- imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large.
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*Non-cash charge of $2 billion in IT business. WASHINGTON, Jan 23- General Dynamics Corp reported a $2.1 billion loss and lower-than-expected revenue for the 2012 fourth quarter as one-time charges and shrinking government orders hammered results at the weapons and aircraft maker.
