Goldman Sachs' chief U.S. strategist told CNBC that earnings will grow in 2014, but warned of a looming 10 percent correction.» Read More
WASHINGTON, Dec 4- Northrop Grumman Corp Chief Executive Officer Wes Bush on Wednesday said he was not optimistic about the ability of U.S. lawmakers to reach a near-term agreement to alleviate across-the-board budget cuts despite growing evidence about their negative impact on U.S. industry and the economy.
WASHINGTON, Dec 2- Mandatory U.S. budget cuts known as sequestration are resulting in job losses across the country and threaten to undermine U.S. competitiveness in the global economy, industry executives and academics said on Monday, urging Congress to reverse the cuts.
The Pentagon faces the retirement of its de facto chief operating officer, and his exit could have a big impact on the defense industry.
Eight of the most active business PACs wrote checks totaling $84,750 to 56 Republicans in the Senate and the House of Representatives after they voted against an Oct. 16 deal to re-open the government that had been shut down since Oct. 1 and avert an imminent debt default, according to a Reuters analysis.
LONDON/ DUBAI, Nov 18- For U.S. arms firms flocking to the Dubai Airshow this week, the Middle East has never been more important- the second fastest growing market after Asia as western defence spending shrinks. Lockheed Martin, Boeing, Northrop Grumman and other big companies are expanding in the Gulf, with executives openly pinning their hopes on the region.
Nov 4- Telecom components maker Anaren Inc said it would be bought by a fund run by private equity investor Veritas Capital for about $381 million in cash. Anaren, which makes microwave components for wireless, space and defense electronics providers, counts Raytheon Co, Lockheed Martin Corp and Northrop Grumman Corp as its largest customers.
*Air Force may buy up to 100 bombers at up to $550 mln each. WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on a new U.S. Air Force long-range bomber program, a multibillion-dollar project that U.S. Air Force officials have described as a top acquisition priority.
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 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.
*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 despite a slight drop in sales, and raised its forecast for full-year sales.
Some of the names on the move ahead of the open.
WASHINGTON, Oct 23- Northrop Grumman Corp, maker of Global Hawk unmanned planes, on Wednesday reported sharply higher than expected earnings despite a slight drop in sales, and raised its forecast for full-year sales, earnings and cash flow.
Earnings reports from Boeing and dozens of other major companies could set the course for stocks Wednesday, as the Dow reaches for new highs.
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.
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.
Kyra Hawn, spokeswoman for the Pentagon's F-35 program office, said a high-level Defense Acquisition Board meeting was expected to proceed on Monday despite the partial government shutdown.