WASHINGTON, Oct 25- Raytheon Co, maker of Patriot missiles, radar and other military equipment, reported higher-than-expected quarterly earnings despite a 1 percent drop in revenues, and raised its forecast for 2012 earnings.
WALTHAM, Mass.-- Raytheon Co. said Thursday that third-quarter income was flat, hurt by a slight drop in revenue and tough comparisons to a prior-year quarter boosted by a hefty tax-related gain. But the profit beat Wall Street predictions and the defense contractor boosted its profit prediction for the full year.
Boeing fell$. 69 or. 9 percent, to $73.01. Lockheed Martin Corp. fell $1.16 or 1.3 percent, to $91.61. Northrop Grumman Corp. fell$. 82 or 1.2 percent, to $69.38.
WASHINGTON, Oct 11- Republican Mitt Romney would accelerate spending on new U.S. Navy warships, cut the Pentagon's civilian workforce and speed up development of new weapons systems if he wins the 2012 presidential election, two advisers said on Thursday.
Take a look at some of Tuesdays morning movers.
Raytheon Co. said Monday that it has won a $349 million five-year contract to provide anti-tank missiles for the U.S. government. Under the contract, Raytheon will deliver 6,676 of the new wireless missiles for the U.S. Army. The defense contractor is based in Waltham, Mass. Its shares fell 14 cents to $55.34 by late afternoon.
*Awarded $349 million US army contract for tow missiles. *Says will deliver 6,676 of the new wireless tow missiles. *Source text* Further company coverage.
WASHINGTON, Oct 2- Tighter military budgets in the United States and Europe reduced the revenues of top weapons makers by one percent in the first half of the year and are likely to continue to depress sales in the full year, a new study by Deloitte LLC showed.
When Eugene Kaspersky, the founder of Europe’s largest antivirus company, discovered the Flame virus that is afflicting computers in Iran and the Middle East, he recognized it as a technologically sophisticated virus that only a government could create.
Take a look at some of Thursday's morning movers.
Take a look at some of Thursday morning’s early movers:
Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Stocks had been under pressure earlier in the session amid ongoing jitters over the European debt crisis and a decline in the euro to its lowest level since September 2010.
A combination of familiar and not-so-familiar names make Morgan Joseph TriArtisan's annual list of "Six Stellar Stocks," head of equities research and Managing Director David Kestenbaum told CNBC Monday.
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S&P futures popped about 6 points when initial jobless claims for the week, at 398,000, were lighter than expected. Stocks are oversold—some agreement on the debt ceiling should lead to a gap up.
Volatility levels threaten to make new, all time lows, says Jim Iuorio, TJM Institutional Services. "Now is the time to buy protection," he says.
Cutting military spending, as President Obama has proposed, is the worst way to balance the budget while keeping the country growing, investors and analysts said, because the sector is the best creator of domestic jobs and crucial to driving innovation.
Rising life expectancies coupled with escalating health-care costs will force the baby boom generation to rethink the conventional retirement wisdom of cashing in stocks for bonds.
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What follows is a roundup of corporate earnings reports for Thursday, April 28.