Lockheed Martin announced major job cuts around the U.S. CNBC's Jane Wells reports Lockheed's CEO Marillyn Hewson regrets facility closings and layoffs.» Read More
WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on the Pentagon's next-generation long-range bomber, the companies said on Friday, setting their sights on a project U.S. Air Force leaders have called a top acquisition priority.
WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on the Pentagon's new long-range bomber, a program that Air Force leaders single out as one of their top acquisition priorities, sources familiar with the plans said Friday.
WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on the Pentagon's new long-range bomber program, sources familiar with the company's plans said on Friday.
WASHINGTON, Oct 24- Raytheon Co on Thursday joined other U.S. arms makers in reporting higher-than-expected quarterly earnings and raising full-year forecasts, saying it expected to maintain strong margins and cash flow in 2014 despite an expected drop in sales.
*Full-year EPS seen at $8.00- $8.15. WASHINGTON, Oct 23- Northrop Grumman Corp, maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings and raised its forecast for full-year profit even as U.S. military spending cuts start to bite.
*Defense stocks mostly rise, General Dynamics falls. But executives at the top four weapons makers- Lockheed Martin Corp, Boeing Co, General Dynamics Corp and Northrop Grumman Corp- said the outlook remains hazy given lingering uncertainty over defense budgets in the United States and abroad.
WASHINGTON, Oct 23- The U.S. Navy said on Wednesday it issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar valued at $1.6 billion after Lockheed Martin Corp filed a protest of the contract award.
WASHINGTON, Oct 22- Lockheed Martin Corp, the No. 1 supplier to the Pentagon, reported on Tuesday higher third-quarter profit despite a 4 percent decline in sales, and lifted its forecast for full-year earnings, even as U.S. military spending shrinks.
The White House is working with outside technology experts to fix the Healthcare.gov website, but right now there are more questions than answers.
Soft U.S. jobs data cements the view that the Fed will be on hold, likely until March.
WASHINGTON, Oct 22- Lockheed Martin Corp, the No. 1 supplier to the Pentagon, reported higher third-quarter profit on Tuesday despite a 4 percent drop in sales, and lifted its forecast for full-year earnings, even as U.S. military spending is reduced.
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.
Some of the names on the move ahead of the open.
WASHINGTON, Oct 22- Lockheed Martin Corp, the No. 1 supplier to the Pentagon, reported higher third-quarter earnings on Tuesday despite a 4 percent drop in sales, and lifted its forecast for full-year earnings.
Lockheed Martin reported higher third-quarter earnings on Tuesday despite a 4 percent drop in sales, and lifted its forecast for full-year earnings.
Corporate America's third quarter report card is not great, but it's good enough to keep stocks moving higher.
China is establishing itself as a credible competitor in the global weapons market. The NYT reports.
WASHINGTON, Oct 20- The U.S. Air Force has talked for years about attracting more companies to the military satellite business to stir competition and cut costs. Billions of dollars of new contracts are at stake, both for legacy satellite and rocket launch providers such as Lockheed Martin Corp and Boeing Co, and newcomers trying to break into the market.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
OTTAWA, Oct 17- Boeing Co is still very much engaged with South Korea over the possible sale of F-15 fighter jets, despite Seoul's move last month to restart a multibillion-dollar tender process, a senior Boeing executive told Reuters on Thursday. "We were able to contain it pretty well over the last two weeks," said Dennis Muilenburg, who heads Boeing's defense unit.