Lockheed Martin has been demonstrating the capabilities of its unmanned helicopter, the K-MAX, as a firefighting tool.» Read More
WASHINGTON, Sept 18- Lockheed Martin Corp is close to signing a roughly $4 billion deal with the U.S. Defense Department for 43 more F-35 fighter jets that will lower the cost of the jet's airframe by 2 to 4 percent, sources familiar with the program said.
Sept 15- Airbus Group announced plans on Tuesday to sell half a dozen businesses following a portfolio review in Defence& Space. Space Shuttle programme and was last month named supplier of the year in its category by Airbus's rival Boeing.
Sept 15- Airbus Group announced plans on Tuesday to sell half a dozen businesses following a portfolio review in Defense& Space. Space Shuttle program and was last month named supplier of the year in its category by Airbus's rival Boeing.
Weapons makers like Lockheed Martin, Northrop Grumman, Boeing and Raytheon anticipate new markets for their goods. Russian aggression in Ukraine is reviving long-dormant European demand, while the emerging militant Islamist threat in Iraq and Syria has underpinned already strong Middle Eastern demand.
President Obama authorizing air strikes in both Syria and Iraq, though the groups have been strong outperformers so far this year.
WASHINGTON, Sept 10- The U.S. Navy's planned unmanned plane for use on aircraft carriers should eventually be able to take on additional roles besides just surveillance, Navy Secretary Ray Mabus said on Wednesday.
Turning his attention to the industrial goods sector, CNBC's Jim Cramer revealed his favorite stocks in the defense industry now.
WASHINGTON, Sept 9- The Pentagon's biggest supplier, Lockheed Martin Corp, on Tuesday said it was "very happy" it had teamed up with Boeing Co to bid for the U.S. Air Force's new long-range strike bomber and expected the companies to submit a joint bid soon.
WASHINGTON, Sept 9- Lockheed Martin Corp is in the final stages of negotiations with the Pentagon about an eighth batch of F-35 fighter jets, with an agreement weeks or perhaps only days away, a company executive and a senior military officer said Tuesday.
WASHINGTON, Sept 9- Lockheed Martin Corp is in the final stages of negotiations with the Pentagon about an eighth batch of F-35 fighter jets, with an agreement weeks or perhaps only days away, the head of the company's aeronautics division said on Tuesday.
They said the Navy will wait to seek proposals for the contract until after the Pentagon conducts a broad review this fall of intelligence and surveillance programs. Navy officials had hoped to release a final request for proposals for the UCLASS this month, after a meeting of Pentagon officials on Sept. 10.
Some of the names on the move ahead of the open.
Aug 20- Japan plans to seek funding to buy six F-35 stealth fighter jets in next year's budget to strengthen defense of remote southwestern islands against China, which has grown increasingly assertive at sea and in the air, the Nikkei reported. The Ministry of Defense intends to ask that 124.9 billion yen be set aside, the Nikkei said.
The CNBC RQ 50 identifies companies that don't just spend big on R&D, but spend right, creating return on innovation for shareholders.
Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.
*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.
Some of Wednesday's midday movers:
U.S. stock index futures signaled a flat-to-higher start to trade on Wednesday, with earnings due early from Boeing and PepsiCo.
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.