Lockheed Martin Corp's new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.
U.S. sales of warplanes, anti-missile systems and other costly weapons to China's and North Korea's neighbors appear set for significant growth amid regional security jitters.
With so much government money going to defense companies like Lockheed Martin, it is difficult to imagine a "fiscal cliff" deal that does not cut at least some of the Pentagon's defense budget.
The CNBC "Fast Money" traders pick stocks that would likely benefit from a budget deal being reached in Washington.
The defense cuts that are part of the "fiscal cliff" would unnecessarily jeopardize national security, the president of United Technologies' Pratt & Whitney told CNBC.
Take a look at some of Friday's midday movers:
Read ahead to see the most expensive U.S. military programs currently under way.
Take a look at some of Thursday's midday movers:
The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
Perhaps no industry has been as male dominated as the defense industry. Now, two major contractors, including the largest defense company in the world, will soon be led by women.
Lockheed Martin has terminated its incoming CEO Christopher Kubasik for an alleged ethics violation, reports CNBC's Bertha Coombs. The company names Marillyn Hewson its CEO.
HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.
WASHINGTON, Oct 25- U.S. weapons maker Lockheed Martin Corp said on Thursday it faced a potential termination liability of $1.1 billion on the F-35 fighter program unless it received additional funding for production of a sixth batch of airplanes by year end.
WASHINGTON, Oct 25- Raytheon Co, maker of Patriot missiles, radar and other military equipment, reported higher-than-expected quarterly earnings on Thursday despite a 1 percent drop in revenues, and it raised its forecast for 2012 earnings.
WASHINGTON, Oct 25- Raytheon Co, maker of Patriot missiles, radar and other military equipment, reported higher-than-expected quarterly earnings despite a 1 percent drop in revenues, and raised its forecast for 2012 earnings.
NEW YORK, Oct 24- Global shares fell on Wednesday as investors soured on another round of underwhelming corporate results, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.
*Wall St falls after end of two-day Fed policy-making meeting. NEW YORK, Oct 24- Global shares fell on Wednesday after the Federal Reserve stuck to its plan to keep stimulating U.S. growth, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.
*Boeing shares down 0.3 pct, General Dynamics up 2.3 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and solid margins despite weakening sales.
Boeing shares up 1 pct, General Dynamics up 3.7 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and strong margins despite weakening sales, driving their shares higher on the New York Stock Exchange.
Oct 24- Lockheed Martin Corp, the largest U.S. weapons maker, on Wednesday posted an 11 percent increase in third-quarter earnings, beating expectations by a wide margin, and raised its full-year forecast. It raised its 2012 earnings forecast to a range of $8.20 to $8.40 from a range of $7.90 to $8.10.