The pressure is on for those earnings to support the market's current valuations, after weeks of choppy trading.» Read More
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.
Several American allies that have historically been big customers for the U.S. weapons makers are threatening to scale back orders.
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.
Stocks are down globally, with the most likely explanation being that stocks are greatly overbought.
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
*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.
Stocks finished broadly lower Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default.
The government shutdown will have an immediate impact on workers at the Pentagon. But for the defense contractors? No big deal right now.
Cramer thinks that a handful of stocks are about to become anointed by Wall Street. And he wants you to buy them before the pros do!
One of the few things defense experts agree on about Syria is that any military strike will involve Tomahawk cruise missiles made by Raytheon.
EADS is opting out of bidding on some U.S. weapons programs as it adjusts to cuts in U.S. defense spending, and it expects flat to lower revenue in defense business in coming years.
The upward momentum in defense contractor stocks, and two names in particular, may have run out, Carter Braxton Worth of Oppenheimer says.
Why are we at new highs, with mediocre earnings, and global economic weakness? I keep getting asked this question, and it just won't go away.