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  • Richardson, director of the Navy's Naval Nuclear Propulsion Program, told the Senate Armed Services Committee that if confirmed as the Navy's top uniformed officer, he intends to continue his practice of being personally involved in acquisition policy, setting clear standards and then enforcing them. Described as a "bold thinker" by Defense Secretary Ash...

  • Facebook and Whole Foods fall after the bell following reports. *General Dynamics' report sparks rally in aerospace stocks. July 29- U.S. stocks finished stronger on Wednesday after the U.S.

  • *General Dynamics' report sparks rally in aerospace stocks. July 29- U.S. stocks were higher on Wednesday after the U.S. "No change as expected, markets appear comfortable with that, it certainly is not a surprise," Peter Kenny, chief market strategist at Clearpool Group in New York, said after the Fed's statement was released.

  • *Fed statement expected at 2 p.m. ET. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.

  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. "Lockheed Martin is supporting the U.S. government and the kingdom of Saudi Arabia as they discuss the potential sale of additional PAC-3 Missiles as part of the...

  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. The Defense Security Cooperation Agency said the sale would benefit a key U.S. partner in the Middle East. Notification to Congress was sent on Tuesday and follows...

  • With authorities at the Jamaica- based International Seabed Authority issuing exploration contracts, alarmed conservationists are warning that the deep ocean's fragile biodiversity must be protected and not nearly enough is known about the risks of extracting minerals from seabeds. "The pace of activity has increased dramatically over the last five...

  • HARTFORD, Conn.— The Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy, United Technologies Corp. said Friday. The government filed a complaint last October in federal court that Sikorsky and subsidiaries, Derco Aerospace and Sikorsky Support Services...

  • July 24- The U.S. Department of Justice has informed Sikorsky Aircraft that it has started a criminal investigation into allegations the helicopter maker overbilled the U.S. Navy for a contract, Sikorsky's parent company, United Technologies Corp, said on Friday. The Justice Department told Sikorsky of the probe on July 13, and requested that Sikorsky and two...

  • July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

  • WASHINGTON, July 23- Lockheed Martin Corp has won $1.56 billion in new foreign orders for PAC-3 missiles used in the Patriot missile defense system built by Raytheon Co, the U.S. Defense Department said on Thursday. The Pentagon's Defense Security Cooperation Agency announced the possible sale of up to $1.75 billion in PAC-3 missiles and associated equipment...

  • WASHINGTON, July 23- Raytheon Co posted higher-than-expected earnings and revenues for the second quarter, aided by strong international bookings and the favorable impact of a tax settlement, and the U.S. weapons maker lifted its revenue target for the full year. Raytheon, maker of the Patriot missile system, reported net earnings of $504 million from...

  • WASHINGTON— Surrounded by supporters as he announced his bid for the presidency, Jeb Bush decried the "swarms of lobbyists" holding sway in Washington and said he was the candidate ready to do something about it. "Look, the rest of the country struggles under big government, while comfortable, complacent interest groups in Washington have been thriving on it."

  • WASHINGTON, July 22- Lockheed Martin Corp's decision to buy helicopter maker Sikorsky Aircraft and sell $6 billion in lower-margin units marks a clear turning point for Lockheed CEO Marillyn Hewson, who is shaking up the world's largest weapons maker. Thrust into the CEO job in January 2013 after retiring CEO Robert Stevens' designated successor was fired for...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • United Technologies posts lower 2Q revenue, profit Tuesday, 21 Jul 2015 | 7:18 AM ET

    HARTFORD, Conn.— United Technologies Corp. posted second-quarter declines Tuesday in revenue and profit as a strong dollar cut exports. It also reduced its 2015 outlook on Otis elevator sales in Europe and China's slowing economy. The average estimate of eight analysts surveyed by Zacks Investment Research was $1.71 per share.

  • CF Industries and Exelixis are big market movers Monday, 20 Jul 2015 | 4:32 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Morgan Stanley, down 16 cents to $40.04. CF Industries Holdings Inc., down $3.92 to $65.

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed's dominance in weapons making. The Pentagon's largest supplier called Sikorsky a "national icon" and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp, for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses. The deal cements Lockheed's dominance in weapons making and opens key new foreign markets for...

  • July 20- Lockheed Martin Corp, the Pentagon's largest arms supplier, reported a better-than-expected 4.5 percent rise in quarterly profit and said it could spin off or sell its government IT and technical services businesses. Lockheed, which reported quarterly results a day earlier than scheduled to coincide with the announcement of the Sikorsky...