Holders of U.S. defense stocks expressed relief that the budget spares most big arms firms. But not everybody wins.» Read More
WASHINGTON, Oct 24- U.S. weapons maker Raytheon Co on Thursday reported higher-than-expected quarterly earnings and raised its full-year forecast, and it cited prospects for landing several big foreign orders later this year.
U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.
The stocks moving before the bell.
WASHINGTON, Oct 24- U.S. weapons maker Raytheon Co on Thursday reported lower quarterly earnings and a 3 percent drop in revenues, but raised its forecast for full-year profit and sales.
WASHINGTON, Oct 24- Raytheon Co sees "tremendous opportunities" for international bookings in the fourth quarter of 2013, and is hopeful that U.S. lawmakers will resolve the U.S. budget crisis in coming months, Chief Financial Officer Dave Wasjgras said.
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.
*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.
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.
China is establishing itself as a credible competitor in the global weapons market. The NYT reports.
WASHINGTON, Oct 7- Shares of Lockheed Martin Corp, the Pentagon's biggest supplier, and some other defense companies rallied on Monday after Defense Secretary Chuck Hagel recalled most civilian defense employees despite the ongoing shutdown of the U.S. government.
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.
WASHINGTON, Oct 7- Shares of Lockheed Martin Corp, the Pentagon's biggest supplier, and other defense companies rallied on Monday after Defense Secretary Chuck Hagel recalled most civilian defense employees despite the ongoing shutdown of the U.S. government.
Just hours before Congress shut down the federal government, the Pentagon quietly went on a shopping spree and spent billions.
Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.
Murad Bayar, Undersecretary of Defence Industries at the Defence Ministry, told reporters in Ankara that Turkey could finalise the deal with China Precision Machinery Import and Export Corp within six months.
The government shutdown will have an immediate impact on workers at the Pentagon. But for the defense contractors? No big deal right now.
NEW YORK, Sept 30- Should I stay or should I go?
NEW YORK, Sept 30- U.S. stocks fell on Monday as the chance of a last-minute deal to resolve a budget impasse in Washington appeared dim, moving the government closer to a partial shutdown.
WASHINGTON, Sept 28- The United States said on Saturday it had expressed serious concerns to Turkey over its decision to co-produce a long-range air and missile defense system with a Chinese firm under U.S. sanctions.