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The government shutdown will have an immediate impact on workers at the Pentagon. But for the defense contractors? No big deal right now.
CHICAGO, Sept 30- Flexjet, the corporate jet leasing company, plans to add up to 50 long-haul aircraft to its fleet in a potential $3.2 billion deal that could mark its first use of Gulfstream aircraft, as a change in Flexjet's ownership may wean it from Bombardier jets.
WASHINGTON, Sept 18- General Dynamics Corp has won a $187.5 million contract to upgrade 44 M1A1 Abrams tanks and 40 M1A2-model Abrams tanks for Saudi Arabia, the Pentagon announced Wednesday. The contract will help extend production at the company's Lima, Ohio, plant, which is facing challenges due to the U.S. Army's plan to stop tank production for several years.
*Navy sees multi-year deal for Virginia-class subs in FY14. WASHINGTON, Sept 12- Top U.S. Navy officials warned Congress that any further delays or cuts in funding would undercut the readiness of the declining submarine fleet, already slated for reduction by nearly 30 percent to 52 ships from 73, before an expected 2030 s' rebound.
They said those measures could increase the deployment of Navy submarines, but would not give the Navy more assets to surge with if needed for a conflict.
WASHINGTON, Sept 11- U.S. Navy Secretary Ray Mabus said all Navy and Marine Corps weapons programs were being examined for possible cuts or cancellation if mandatory, across-the-board budget cuts remained in effect in coming years. Mabus said the Navy was reviewing service contracts, which comprise one quarter of its annual spending of $160 billion.
WASHINGTON, Sept 11- U.S. Navy Secretary Ray Mabus said all Navy and Marine Corps weapons programs were being examined for possible cuts or cancellation if mandatory, across-the-board budget cuts remained in effect in coming years.
WASHINGTON, Sept 11- U.S. Navy Secretary Ray Mabus said all Navy and Marine Corps weapons programs were being examined for possible cuts or cancellation if mandatory, across-the-board budget cuts remained on the books in coming years.
LONDON, Sept 11- Private jet operator VistaJet will take on its Warren Buffet-owned rival in the United States next year before turning attention to the Chinese market, the company's founder and chairman Thomas Flohr said.
One of the few things defense experts agree on about Syria is that any military strike will involve Tomahawk cruise missiles made by Raytheon.
*Pentagon committed to F-35 Joint Strike Fighter program. WASHINGTON, Sept 4- The Pentagon would have to slash its budget by about $20 billion in fiscal 2014 from a year earlier if mandatory budget cuts remain in effect, the chief arms buyer for the U.S. military said on Wednesday, calling that an increasingly likely scenario.
Not long ago, emerging markets were seen as economic stars. Now, they pose risks that could hit the bottom line of some multinationals.
$1.6 million per missile. That's the cost of the Tomahawks the U.S. Navy may fire into Syria. But will that be a boon for Raytheon, which makes them?
WASHINGTON, Aug 28- The Pentagon's top manufacturing official expects a spate of merger and acquisition activity- and a doubling of efforts by foreign companies to take over U.S. arms makers- once the uncertain U.S. budget outlook becomes clearer.
The United States is unlikely to make significant cuts in assistance to Egypt, despite calls from Congress to do so and a Cabinet-level meeting this week.
WASHINGTON, Aug 20- Linda Hudson, chief executive of the U.S. unit of Britain's BAE Systems PLC, will retire early next year, the company said on Tuesday. Hudson will stay in her post through the first quarter of 2014 and will remain on the company's board of director through April 2015, BAE said.
Warren Buffett's Berkshire Hathaway sharply reduced its holdings of Kraft Foods and Mondelez during the second quarter.
*Navy would receive $400 million in equipment, lawmaker says. Senator Susan Collins told the Senate Appropriations Committee the government reached a deal this week to end its battle with Boeing Co- which now owns McDonnell Douglas- and General Dynamics Corp..
WASHINGTON, Aug 2- U.S. military shipbuilder General Dynamics Corp has won a contract valued at $212 million to design and construct a new steel deckhouse for the third Zumwalt-class destroyer it is building in Bath, Maine, the Pentagon announced on Friday.
After the latest Fed announcement, one Wall Street pro says the best bets for August are the S&P 500 stocks that can grow organically without Bernanke being involved.