Goldman Sachs' chief U.S. strategist told CNBC that earnings will grow in 2014, but warned of a looming 10 percent correction.» Read More
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Ronald D. Sugar, chairman and chief executive officer of Northrop Grumman, told CNBC’s “Power Lunch” that the company had “some very terrific wins” despite missing first-quarter earnings estimates.
Lockheed Martin said that first-quarter profit rose a greater-than expected 17% as the world's largest defense contractor posted higher sales of information systems for government customers and had a number of one-time gains.Northrop Grumman's earnings rose less than predicted as strike costs cut into the bottom line.
The Coast Guard is removing Lockheed Martin and Northrop Grumman from their management role over a troubled $24 billion modernization program and may rebid contracts for any incomplete projects.
Cramer continues his list of the top 10 potential anti-competitive deals coming before 2008.
The Chicago-based company tweaked its 767 design to improve fuel efficiency, among other factors, in hopes of beating rival Northrop Grumman.
Northrop Grumman and its Franco-German partner EADS will bid against Boeing in a $40 billion U.S. competition for new aerial refueling tankers, Northrop announced today.
Lockheed Martin and Northrop Grumman reported sharp increases in fourth-quarter profit on Thursday and raised full-year forecasts, as two of the world's largest defense contractors capitalized on the continuing boom in U.S. military spending.
GE shares are about 8% higher than the beginning of the year, most of it since GE issued an upbeat outlook Dec. 12. GE is the parent company of CNBC.
The F-35's safe first flight is an important step toward full production of the $276.5 billion fighter project, which Lockheed Martin is developing.