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Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
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Boeing Co's defense division, Northrop Grumman Corp and General Dynamics Corp on Wednesday followed the lead of top Pentagon supplier Lockheed Martin Corp in reporting higher earnings and lower revenue.
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It has meant everything from furloughs for air traffic controllers to fewer planes for the U.S. Navy to smaller subsidies for farmers. So far this earnings period, executives from Lockheed Martin to IBM and Delta Airlines are flagging how those U.S. budget cuts cost them some sales in the first quarter.
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It has meant everything from furloughs for air traffic controllers to fewer planes for the U.S. Navy to smaller subsidies for farmers. So far this earnings period, executives from Lockheed Martin to IBM and Delta Airlines are flagging how those U.S. budget cuts cost them some sales in the first quarter.
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April 23- Diversified U.S. manufacturer United Technologies Corp reported a better-than-expected profit on Tuesday as its purchase of aircraft components maker Goodrich helped offset U.S. defense cuts and weakness across Europe.
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Good day for earnings, big industrials leave full-year guidance unchanged.
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U.S. stock index futures pointed to a lower open after dismal Chinese PMI data released early on Tuesday.
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*Per-share profit $2.33 vs Street view $2.04. WASHINGTON, April 23- Lockheed Martin Corp, the Pentagon's biggest weapons supplier, reported a better-than-expected 14.8 percent rise in per-share earnings on Tuesday but warned that full-year revenue was likely to come in at the low end of earlier guidance due to U.S. budget cuts.
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United Technologies reported first-quarter earnings on Tuesday that exceeded Wall Street's expectations, yet revenue was undermined by weakness in Europe and in its aerospace and defense sales.
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The earnings train is about to leave the station, with reports due Tuesday from three Dow components, some transportation names and Apple.
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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AMSTERDAM, April 18- The U.S. Department of Defense urged the Netherlands on Thursday not to cut its order for advanced F-35 warplanes, saying it could end up paying more per plane if it did.
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WASHINGTON, April 18- The United States has already made "tremendous progress" in expanding weapons sales to India since 2008, and U.S. companies could see "billions of dollars" in additional sales in coming years, a senior U.S. State Department official said Thursday.
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Chief of Naval Operations Admiral Jonathan Greenert said budget requests required under sequestration had cut about $6.1 billion, or 8 percent, from the Navy's investment programs in fiscal year 2013, which ends Sept. 30.
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The market doesn't think the terrible attacks in Boston are a prelude to a new war.
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Jamie Morin, acting undersecretary of the Air Force, told reporters the Space Fence program was a priority given growing threats in space and the need to monitor activities in space. The new program will allow the Air Force to sharply increase its ability to track "space junk" and other smaller objects in space.
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WASHINGTON, April 10- The fiscal 2014 U.S. budget plan sent to Congress by the White House on Wednesday proposes to cancel or cut several Pentagon weapons programs. The proposals must be approved by Congress, which has often reversed the administration's plans in past years, including on some of the cancellations proposed again in 2014..
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President Obama's fiscal 2014 budget plan proposes cancellation of or cuts to several weapons programs.
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WASHINGTON, April 10- The fiscal 2014 U.S. budget plan sent to Congress by the White House on Wednesday proposes cancellation of or cuts to several weapons programs. The proposals must be approved by Congress, which has often reversed the administration's plans in past years.
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*Embraer says pricing below Lockheed's $90 mln- $120 mln range. Luiz Carlos Aguiar, the head of Embraer's defense unit, made clear at the LAAD defense show in Rio de Janeiro on Tuesday that the company was ready to undercut its main competitor, Lockheed Martin Corp ".
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*Embraer says firm orders to start in 1st qtr of 2014. RIO DE JANEIRO, April 9- Brazilian planemaker Embraer SA is looking to shock rivals with the price of its KC-390 military transport plane when it starts booking firm orders within the next 12 months, according to a senior executive.