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  • Early movers: LEN, BBRY, DRI, KMX, GE, AMZN & more Friday, 18 Dec 2015 | 7:54 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Dec 18- Defense contractor CACI International Inc has emerged as the top contender for Lockheed Martin Corp's government information technology business, as the interest of rival bidders fades, people familiar with the matter said. Leidos Holdings Inc and Engility Holdings Inc, which were also considering offers, feel discouraged by the prospects of the...

  • WASHINGTON, Dec 16- China summoned the U.S. charge d'affaires in Beijing to protest against the U.S. administration's authorization of $1.83 billion arms sales to Taiwan and said it would impose sanctions on the firms involved, China's state news agency Xinhua reported. China strongly opposes the U.S. arms sale to Taiwan, "Xinhua quoted Vice Foreign Minister...

  • WASHINGTON, Dec 16- The U.S. administration formally notified Congress on Wednesday of a $1.83 billion arms sale package for Taiwan, including two frigates, anti-tank missiles, amphibious assault vehicles and other equipment, despite opposition from China. Past U.S. weapons sales to Taiwan have attracted strong condemnation in China, which considers Taiwan a...

  • PALMDALE, Calif., Dec 15- Northrop Grumman Corp, riding high after its selection to build the next U.S. long-range bomber, says it is investing heavily and hiring workers as part of a focused plan to unveil at least one "big, bold and ingenious" new technology each year. Tom Vice, president of Northrop Aerospace Systems, told reporters that Northrop aims to drive...

  • Government Accountability Office on Tuesday dismissed Lockheed Martin Corp's protest of a $6.75 billion Army contract for next-generation Humvees to Oshkosh after Lockheed said it would take the issue to federal court. Lockheed declined comment and Army officials had no immediate comment. Oshkosh said the Army conducted a thorough, methodical...

  • WASHINGTON, Dec 14- Lockheed Martin Corp has won a U.S. Army contract worth $1.09 billion to build PAC-3 missiles for the U.S. Army, South Korea, Qatar and Saudi Arabia for use in Raytheon Co's Patriot missile defense system, the Pentagon said Monday. Lockheed, the Pentagon's No. 1 supplier, said the contract includes Patriot Advanced Capability-3 missiles and PAC-3...

  • Here's how to hedge Fed, terror risks: Rosenberg Sunday, 13 Dec 2015 | 5:00 PM ET
    A trader works on the floor of the New York Stock Exchange during the morning of August 27, 2015 in New York City.

    Top economist David Rosenberg explains why the VIX could surge in 2016, and gives the two biggest risks to the market next year.

  • Apollo has so far prevailed in an auction for PAE over private equity firms American Securities LLC and Platinum Equity LLC, the people said. Its clients include the U.S. Department of State mission in Iraq in its Baghdad Embassy Compound and the U.S. Consulate General in Basrah. Buyout firms, as well as defense contractors such as Lockheed Martin Corp, have been...

  • WASHINGTON, Dec 11- The Pentagon's chief arms buyer has approved the next steps in a long-awaited multibillion-dollar competition to replace the Air Force's aging fleet of E-8 JSTARS spy and battle management planes. Frank Kendall, undersecretary for acquisition, technology and logistics, this week signed a memorandum approving the start of the so-called...

  • WASHINGTON, Dec 10- The U.S. Air Force plans to revise its contract with Raytheon Co for a new ground control network for GPS satellites after officials decided last week to delay completion of the program until July 2022, a senior official said Thursday. Raytheon has said it was committed to meeting the Air Force's expectations for the program, but declined to...

  • *Sees 2016 adjusted EPS $6.30- $6.60, revenue $56- $58 bln. Dec 10- United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs, mainly through factory consolidation. United Technologies, whose shares rose 1.4 percent in extended trading, makes Otis elevators,...

  • Dec 10- The U.S. Missile Defense Agency said it successfully completed the first intercept test for Lockheed Martin Corp's land-based Aegis missile-defense system, which is due to be deployed in Romania. The primary objective of the test, which used Raytheon Co's Standard Missile-3 Block IB missile, was to assess the effectiveness of the Aegis Ashore...

  • US Defense Agency tests Lockheed, Raytheon interceptors Thursday, 10 Dec 2015 | 8:34 AM ET

    Dec 10- The U.S. Defense Agency said it successfully completed the first intercept test for Lockheed Martin Corp's land-based Aegis weapon system and Raytheon Co's Standard Missile-3 Block IB missile. The primary objective of the test was to assess the effectiveness of the Aegis Ashore capability, which uses identical set-ups used aboard Aegis Ballistic...

  • WASHINGTON, Dec 9- The U.S. Senate Armed Services Committee could roll back approved exceptions to a ban on the use of Russian rocket engines for U.S. military use, the committee's chairman, Senator John McCain, said in a letter made public on Wednesday. He also accused a Lockheed-Boeing venture of trying to manipulate Congress. He said ULA's announcement last...

  • On the 8th day of Fedmas, Janet Yellen sent to me Wednesday, 9 Dec 2015 | 3:26 PM ET
    Janet Yellen as Santa

    For the 12 days before the Federal Reserve meeting, CNBC Pro is highlighting a strategy that should work if policymakers hike interest rates Dec. 16.

  • WASHINGTON, Dec 8- The United States and Japan on Tuesday conducted a second successful test of Raytheon Co's new Standard Missile-3 Block IIA missile that is being jointly developed by the two countries, the U.S. Missile Defense Agency said. During the test off the coast of Southern California near Malibu, the missile opened its new sensor seeker in space for the...

  • WASHINGTON, Dec 8- Lockheed Martin Corp on Tuesday said it had won a seven-year contract worth A $1.2 billion to train the next generation of Australia's military pilots, with options for up to 25 years that could expand the deal's value. Lockheed beat out Britain's BAE Systems Plc, which currently holds the Australia pilot training contract.

  • WASHINGTON, Dec 8- The U.S. Air Force's top space official on Tuesday slammed a new ground control system for GPS satellites being built by Raytheon Co as "a disaster" and said the Pentagon planned "significant" changes with the company to address the issues. Air Force spokeswoman Captain Annmarie Annicelli said the Air Force would develop new cost estimates for...

  • WASHINGTON, Dec 8- The United States and Japan on Tuesday conducted a second successful test of Raytheon Co's new Standard Missile-3 Block IIA missile that is being jointly developed by the two countries, according to two sources familiar with the test. During the test off the coast of Southern California near Malibu, the missile opened its new sensor seeker in...