Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.» Read More
WASHINGTON, March 10- After discovering China- made components in the F-35 fighter jet, a Pentagon investigation has uncovered Chinese materials in other major U.S. weaponry, including Boeing Co's B-1B bomber and certain Lockheed Martin Corp F-16 fighters, the U.S. Defense Department said.
F-35 JOINT STRIKE FIGHTER The Pentagon said it remained strongly committed to the Lockheed Martin Corp F-35 fighter jet program, which includes an engine built by Pratt& Whitney, a unit of United Technologies Corp. Northrop Grumman Corp and Britain's BAE Systems Plc also provide significant components for the aircraft.
SYDNEY, Feb 21- Australia will buy eight of Boeing Co's P-8A Poseidon long-range spy planes for A $4 billion, part of a growing trend by Asia-Pacific nations to protect commercial maritime interests as tensions in the region rise.
*Australia also has an option for a further four aircraft. SYDNEY, Feb 21- Australia will buy eight of Boeing Co's P-8A Poseidon long-range spy planes to help protect its offshore oil and gas interests and maritime borders, at a cost of about A $4 billion including support facilities.
*Asia, Gulf to drive global defence growth in 2014. LONDON, Feb 12- Fuelled by growing strains in Middle East and Asia, global defence spending looks set to rise in 2014 for the first time since the 2008 financial crisis.
*F-35 costly, but a "number one prioriry"- Pentagon official. *Pentagon keeping close watch on Chinese investments.
NEW YORK, Feb 5- The U.S. Defense Department remains skeptical of mergers involving its major contractors, a Pentagon official said on Wednesday, amid industry expectations that defense deal-making could revive this year.
Some of the names on the move ahead of the open.
Treasurys held on to earlier losses after of the Treasury Dept's auction of five-year notes and seven-year debt and after the release of US GDP data.
Total lobbying spending dropped to the lowest level since 2007, falling 3 percent to $3.21 billion, says a new study.
WASHINGTON, Jan 30- U.S. weapons maker Northrop Grumman Corp, whose products include surveillance drones, reported higher-than-expected quarterly earnings on Thursday despite a drop in revenues and said share buybacks would drive earnings per share higher in 2014..
U.S. stock index futures traded higher on Thursday, on what will be the busiest day of fourth quarter earnings season.
Jan 30- U.S. weapons maker Northrop Grumman Corp reported a 10 percent fall in quarterly profit, partly due to lower sales in its aerospace business. Net profit fell to $478 million, or $2.12 per share, in the fourth quarter, from $533 million, or $2.14 per share, a year earlier. The company said it expects revenue of $23.5 billion to $23.8 billion in 2014..
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.
The bull run in defense stocks is expected to continue, despite lingering concerns about federal spending.
NEW YORK, Jan 24- Corporate America is rapidly healing one of the last wounds suffered in the 2008 financial crisis.
The U.S. is investigating export and import procedures at Honeywell after the firm included Chinese parts in equipment it built for the F-35 jet.
WASHINGTON, Jan 12- The U.S. Justice Department is investigating export and import procedures at Honeywell International Inc after the firm included Chinese parts in equipment it built for the F-35 fighter jet, three sources familiar with the matter said.
Thousands of machinists in Seattle and Everett, Washington, and Portland, Oregon, voted by a slim margin to approve a contract extension that guarantees Boeing's new wide-body passenger jet, the 777 X, will be built by them in the region.
The Pentagon waived laws banning Chinese-built components on US weapons to keep the F-35 fighter program on track in 2012 and 2013, a report said.