Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.» Read More
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Boeing's statement comes as other aerospace and defense companies are assessing their exposure to the shutdown. Boeing said the delays depend on how long the shutdown lasts and would worsen if the budget impasse persists.
So the government shuts down, and Wall Street opens...up. What will get the stock market worried?
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.
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?
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.
Warren Buffett's Berkshire Hathaway sharply reduced its holdings of Kraft Foods and Mondelez during the second quarter.
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.
Within days of breaking through to record highs, stocks are set to smash through another milestone, but after 1700, the path for the S&P 500 is less certain.