Take a look at some of Tuesday's midday movers:» Read More
For the larger companies, the initiative ensures that their own suppliers are robust and "demonstrates a recognition that a healthy supply chain is good for business," the White House said in a statement.
Defense Secretary Chuck Hagel told military fliers on Thursday the stealthy F-35 attack plane had "issues" but was still "the future for our fighter aircraft" despite a fire that grounded the fleet and jeopardized its international debut in Britain.
Jerry Brown announced Thursday that he signed legislation creating a $420 million tax credit for aerospace contractor Lockheed Martin, in a measure that also includes other tax incentives apparently designed to benefit California- based electric car maker Tesla Motors Inc..
RAF FAIRFORD, England, July 10- The Pentagon's chief weapons buyer told lawmakers there was "growing evidence" that an engine fire on an Air Force F-35A jet last month was not a systemic issue, which sources familiar with the situation said could pave the way for officials to lift an order grounding the fleet of warplanes.
"The LRS-B is a top modernization priority for the Air Force. The competition is expected to pit Northrop Grumman Corp, the maker of the B-2 bomber, against a combined team of Boeing Co and Lockheed Martin Corp, the two top weapons makers for the U.S. government. The Air Force has said it plans to buy as many as 100 new bombers for no more than $550 million each.
Boeing rose$. 36 or. 3 percent, to $127.15. Lockheed Martin Corp. rose$. 81 or. 5 percent, to $158.74. Northrop Grumman Corp. rose$. 62 or. 5 percent, to $120.42.
Boeing fell$. 92 or. 7 percent, to $125.87. Lockheed Martin Corp. fell$. 42 or. 3 percent, to $157.52. Northrop Grumman Corp. fell$. 27 or. 2 percent, to $119.53.
RAF FAIRFORD, England, July 10- Industry investment of $170 million over the next two years is expected to result in savings of $1.8 billion on the F-35 Joint Strike Fighter program, Lockheed Martin Corp's F-35 program manager Lorraine Martin told reporters on Thursday.
RAF FAIRFORD, England, July 10- Borne of the last downturn in U.S. military spending in the 1990 s, Lockheed Martin Corp's F-35 Joint Strike Fighter was intended as a quick and affordable way for the United States and its allies to replace thousands of aging F-16s and other warplanes while avoiding the pitfalls of earlier programs.
RAF FAIRFORD, England, July 10- The Pentagon's F-35 program office on Thursday reversed an earlier statement and said it was continuing contract talks with Lockheed Martin Corp and engine maker Pratt& Whitney, despite an engine fire that has grounded the F-35 fighter jet fleet.
BRUSSELS, July 9- The chief executive of Bell Helicopter said on Wednesday he was confident that the company's concept for the U.S. Army's next-generation helicopter would be selected for flight testing in an eagerly awaited decision expected within the next month.
But Hammond told a conference in London on Wednesday that he was "still optimistic" that the new warplane would be cleared to fly in time to make a delayed international debut at the world's biggest air show in Farnborough, outside London, next week.
WASHINGTON, July 9- British Defence Secretary Philip Hammond on Wednesday said Lockheed Martin Corp's F-35 fighter jet may miss the Royal International Air Tattoo air show this week given a fleet-wide grounding ordered after an engine fire last month.
Boeing fell $2.61 or 2.0 percent, to $126.48. Northrop Grumman Corp. fell$. 95 or. 8 percent, to $119.16. United Technologies Corp. fell$. 95 or. 8 percent, to $114.15.
Boeing fell $1.59 or 1.2 percent, to $127.50. Northrop Grumman Corp. fell$. 38 or. 3 percent, to $119.74. Raytheon fell$. 38 or. 4 percent, to $91.91.
SACRAMENTO, Calif., July 3- California lawmakers on Thursday passed a tax credit meant to lure aerospace companies working on a new stealth bomber to the state, but the measure will benefit only one of two teams of companies fighting to win the contract.
Boeing rose$. 89 or. 7 percent, to $128.51. Lockheed Martin Corp. rose$. 92 or. 6 percent, to $159.90. Northrop Grumman Corp. rose $1.45 or 1.2 percent, to $121.19.
Boeing rose$. 92 or. 7 percent, to $128.54. Lockheed Martin Corp. rose$. 84 or. 5 percent, to $159.82. Northrop Grumman Corp. rose $1.38 or 1.2 percent, to $121.12.
Boeing rose$. 45 or. 4 percent, to $128.07. Lockheed Martin Corp. rose $1.11 or. 7 percent, to $160.09. Northrop Grumman Corp. rose $1.11 or. 9 percent, to $120.85.
TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.