McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...
Oct 31- Oshkosh Corp reported a higher quarterly profit on Friday as strong sales of aerial access equipment and concrete mixers to builders in North America offset continued weak sales of tactical vehicles to the U.S. Defense Department and other military customers. The manufacturer of specialty trucks reported a net profit of $77.8 million, or 93 cents a...
Oct 9- Specialty truckmaker Oshkosh Corp said it would cut its defense segment workforce by about 250 to 300 hourly positions, as it continues to grapple with lower U.S. defense spending and reductions in military production. The Pentagon's chief weapons buyer, Frank Kendall, last month predicted "very, very painful" negotiations within the U.S. military as it...
Oct 9- Specialty truckmaker Oshkosh Corp said it would cut its defense segment workforce by about 250 to 300 hourly positions, due to lower U.S. defense spending and reductions in military production. The Pentagon's chief weapons buyer, Frank Kendall, last month predicted "very, very painful" negotiations within the U.S. military as it shapes its fiscal 2016...
WASHINGTON, Sept 26- The U.S. government on Friday said it has approved $2.5 billion in modifications and upgrades of used U.S. military vehicles that are to be sold separately to the United Arab Emirates as "excess" equipment.
The "Fast Money" traders share their final trades of the day.
The CNBC RQ 50 identifies companies that don't just spend big on R&D, but spend right, creating return on innovation for shareholders.
Investors seeking steady gains on innovation should look past tech buzz. When R&D productivity is measured, 'boring' stocks often lead.
Some of Tuesday's midday movers:
Looking at potential catalysts, Jim Cramer believes Manitowoc could print $42; that’s a lot higher than where the stock is now.
What a week on "Squawk Box"! Bill Ackman teams up with Valeant to buy Botox-maker Allergan. Novartis' buying and selling and lil' Squawkers running the show.
Thursday's midday movers
CNBC's Melissa Lee, Dominic Chu and Stephanie Link dissect the numbers on Avon, Oshkosk, Visa and Mastercard.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.
One analyst says the market will end flat and a good strategy is to pick stocks that have good earnings growth but are under-appreciated.
The S&P 500 regained the 1,500 level for the first time in more than five years, but that's a milestone that could also trigger a pause, analysts say.
Wall Street's bull could take another run at the psychologically important 1,500 level as early as Friday, but that's a level that could also trigger a pause, analysts say.
A flood of earnings reports, including major technology and industrial companies, could make or break the stock market’s surprise January rally in the week ahead.
Take a look at some of Tuesday's midday movers:
Oct 26- Specialty truckmaker Oshkosh Corp reported a higher quarterly profit on Friday, though a decline in its defense business weighed on revenue, and rejected a takeover offer from activist shareholder Carl Icahn.