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WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.
WASHINGTON, Aug 5- U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S.
WASHINGTON, Aug 5- President Barack Obama will announce on Tuesday that U.S. businesses have committed to investing $14 billion in construction, clean energy, banking, and information technology projects across Africa, a White House official said.
WASHINGTON, July 30- The U.S. State Department has approved the sale of 5,000 Hellfire missiles to Iraq as Baghdad tries to fend off militant Islamist forces. Iraq had requested 5,000 of the air-to-ground missiles, which are manufactured by Lockheed Martin Corp and enable helicopters to battle tanks and other armored vehicles.
The business of federal contracting can be extremely lucrative, even during recent years, when budgets were squeezed.
July 24- U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit, helped by cost cutting and favorable pension adjustments, and maintained its full-year forecast. Raytheon has been expanding its presence in Europe, Asia and the Middle East and beefing up its global supply chain in the face of tightening U.S. defense budget.
Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.
*General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.
U.S. stocks rose on Tuesday, building on gains after CPI rose in June, with sentiment also stabilized by encouraging earnings reports.
*Q2 earnings $2.76/ share vs $2.64 a year earlier. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit on Tuesday and raised its full-year earnings forecast, sending its shares up more than 2 percent.
Some of Tuesday's midday movers:
*Raises 2014 profit forecast to $10.85- $11.15/ share. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit as higher interest rates lowered its pension liability.
*Raises 2014 profit forecast to $10.85- $11.15/ share. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit as it benefited from a change in pension plans for some non-union employees.
July 22- Lockheed Martin Corp, the. The company raised its full-year earnings forecast to $10.85- $11.15 per share, from $10.50- $10.80. Net income rose to $889 million, or $2.76 per share, in the second quarter ended June 29, from $859 million, or $2.64 per share, a year earlier.
*Lockheed Martin, Airbus and Boeing are still in the race. COPENHAGEN, July 21- Swedish defense company Saab has dropped out of a tender to supply Denmark with up to 30 fighter jets, the Danish Defense Ministry said on Monday, confirming an earlier report.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
News of Malaysian Air 17's crash in Eastern Ukraine sent a ripple effect through the markets, says "Fast Money" trader Jon Najarian.
FARNBOROUGH, England, July 17- Traditionally companies which have guarded their secrets closely, arms makers are opening up to partnerships and technology sharing to meet the demands of overseas buyers they need to offset budget cuts at home.
A Boeing executive says space exploration must be resold to the public in these days of tight budgets and declining interest.
*Airbus, Boeing offer cheaper options than scrapped Nimrod. FARNBOROUGH, England, July 17- Two high-profile sea searches have exposed a shortfall in Britain's maritime patrol capabilities, raising hopes at rival planemakers Airbus and Boeing that they could soon be fighting over a multi-billion dollar contract.