Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.» Read More
*General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.
July 23- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a better-than-expected quarterly profit, as lower operating costs boosted margins. General Dynamics' shares rose 2.9 percent before the bell. General Dynamics said its total potential contract value, the sum of all backlog components, rose 29 percent to $99.5 billion.
July 23- U.S. weapons maker Northrop Grumman Corp reported a 5 percent rise in quarterly profit and raised its 2014 earnings forecast. The company's net income rose to $511 million, or $2.37 per share, in the second quarter ended June 30, from $488 million, or $2.05 per share, a year earlier.
Boeing rose$. 79 or. 6 percent, to $129.09. Northrop Grumman Corp. rose$. 93 or. 7 percent, to $126.05. Raytheon rose$. 93 or 1.0 percent, to $96.75.
Boeing rose$. 78 or. 6 percent, to $129.08. Lockheed Martin Corp. rose $3.53 or 2.2 percent, to $166.51. Northrop Grumman Corp. rose$. 64 or. 5 percent, to $125.75.
Boeing rose$. 66 or. 5 percent, to $128.30. Lockheed Martin Corp. rose$. 49 or. 3 percent, to $162.98. Northrop Grumman Corp. rose $1.25 or 1.0 percent, to $125.12.
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Boeing fell $1.72 or 1.3 percent, to $127.38. Lockheed Martin Corp. fell$. 87 or. 5 percent, to $161.75. Northrop Grumman Corp. fell$. 08 or. 1 percent, to $123.07.
Boeing fell $1.23 or 1.0 percent, to $127.87. Lockheed Martin Corp. fell$. 97 or. 6 percent, to $161.65. Northrop Grumman Corp. fell$. 25 or. 2 percent, to $122.90.
Boeing rose $1.62 or 1.3 percent, to $129.71. Lockheed Martin Corp. rose $1.00 or. 6 percent, to $161.31. Northrop Grumman Corp. rose$. 49 or. 4 percent, to $122.16.
Boeing rose $1.41 or 1.1 percent, to $129.50. Lockheed Martin Corp. rose$. 51 or. 3 percent, to $160.82. Northrop Grumman Corp. rose$. 34 or. 3 percent, to $122.01.
FARNBOROUGH, England, July 14- The U.S. and UK militaries are "not giving up" on bringing the Lockheed Martin F-35 Joint Strike Fighter to Britain for a high-profile air show this week after an engine fire prompted a fleetwide grounding, a top U.S. official said Monday.
Boeing rose$. 61 or. 5 percent, to $127.40. Lockheed Martin Corp. rose $1.42 or. 9 percent, to $159.60. Northrop Grumman Corp. rose $1.25 or 1.0 percent, to $121.17.
Boeing fell$. 07 or. 1 percent, to $126.72. Lockheed Martin Corp. rose$. 55 or. 3 percent, to $158.73. Northrop Grumman Corp. rose$. 61 or. 5 percent, to $120.53.
Defense Secretary Chuck Hagel told military fliers on Thursday the stealthy F-35 attack plane had "issues" but was still "the future for our fighter aircraft" despite a fire that grounded the fleet and jeopardized its international debut in Britain.
"The LRS-B is a top modernization priority for the Air Force. The competition is expected to pit Northrop Grumman Corp, the maker of the B-2 bomber, against a combined team of Boeing Co and Lockheed Martin Corp, the two top weapons makers for the U.S. government. The Air Force has said it plans to buy as many as 100 new bombers for no more than $550 million each.
RAF FAIRFORD, England, July 10- Industry investment of $170 million over the next two years is expected to result in savings of $1.8 billion on the F-35 Joint Strike Fighter program, Lockheed Martin Corp's F-35 program manager Lorraine Martin told reporters on Thursday.
SACRAMENTO, Calif., July 3- California lawmakers on Thursday passed a tax credit meant to lure aerospace companies working on a new stealth bomber to the state, but the measure will benefit only one of two teams of companies fighting to win the contract.
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The initial contract covers development and delivery of four Combat Rescue Helicopters based on the company's workhorse UH-60 Black Hawk, and caps nearly 15 years of repeated unsuccessful efforts by the Air Force to replace its aging fleet of HH-60G Pave Hawk rescue helicopters.