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Defense Aerospace & Defense

  • London & Capital Director Ashok Shah speaks about investing in defense stocks.

  • A Minuteman III missile engine is loaded into a truck for transport to another building for X-raying before being torn down and rebuilt, Thursday, June 22, 2000, at Hill Air Force Base, Utah.

    The U.S. Air Force successfully launched an unarmed intercontinental ballistic missile from California, the fourth such test this year.

  • Air Force One, a heavily modified Boeing 747 at Andrews Air Force Base in Maryland.

    Almost 8 months after President Donald Trump first criticized plans to buy a new Air Force One and a backup, he may be getting a new deal.

  • *France, Italy target Sept. 27 deadline for STX shipyard solution. ROME/ MILAN, Aug 1- France and Italy want to find a solution for Italian shipbuilder Fincantieri's blocked takeover bid for STX France shipyards by Sept. 27, French Finance Minister Bruno Le Maire said on Tuesday. "Our strategic objective is for France and Italy to build the Airbus of the naval world, in...

  • LONDON, Aug 1- British auto and aircraft parts maker Meggitt reiterated its annual guidance for a 2 to 4 percent rise in organic revenue after it reported first-half results helped by currency moves and civil aerospace demand. The group reported flat first-half organic revenue and a 7 percent rise in underlying operating profit, with the civil aerospace...

  • NEW YORK, July 31- Boeing Co said on Monday it set up an avionics group to make aircraft controls and electronics that compete with its own suppliers such as Rockwell Collins Inc, United Technologies Corp and Honeywell International Inc.. Major supply contracts typically last for the life of an aircraft model or program, limiting what Boeing could absorb at...

  • NEW YORK, July 31- Boeing Co said on Monday it has set up an avionics group to make flight controls and other electronics currently made by outside suppliers for its commercial and military aircraft, aiming to bring the products into service after 2020.. Boeing aims to "further drive cost down and value up for our customers, in all phases of a product's life cycle,"...

  • The planemaker said it expected single-aisle planes, such as the next generation 737 and 737 Max, to account for the bulk of the new deliveries, with India likely to take 1,780 such planes. "The increasing number of passengers, combined with a strong exchange rate, low fuel prices and high load factor bodes well for India's aviation market, especially for the...

  • July 30- Honeywell International Inc shares could rise nearly 13 percent to $154 in the next year, driven by strong earnings growth, Barron's said in its July 31 edition. Hedge fund Third Point LLC, run by billionaire Dan Loeb, in April said Honeywell should spin off its aerospace division, saying the separation could create more than $20 billion in shareholder...

  • Slovakian company AeroMobil promises to start delivering this flying car in 2020.

  • The contract provides funds for the procurement of 50 aircraft, comprised of one F-35B aircraft for Great Britain, one F-35A for Italy, eight F-35A aircraft for Australia, eight F-35A for the Netherlands, four F-35A for Turkey, six F-35A for Norway, and 22 F-35A aircraft for other foreign military sales customers, the Pentagon said in a statement.

  • July 28- Aircraft components maker Rockwell Collins Inc on Friday posted adjusted earnings that beat expectations, sending its shares up sharply after its first results including recently acquired aircraft interiors maker B/E Aerospace. But analysts pointed to a relatively strong quarter for Rockwell, which produced 5 percent sales growth without B/E...

  • July 28- Aircraft components maker Rockwell Collins Inc reported a 57 percent rise in quarterly revenue, boosted by the acquisition of aircraft interiors maker B/E Aerospace, but profit fell due to costs associated with the purchase. Net income fell to $179 million, or $1.12 a share, in the third quarter ended June 30 from $214 million, or $1.63 a share, a year...

  • Japanese PM Shinzo Abe during his meeting with Danish PM Lars Loekke Rasmussen on July 10, 2017 in Copenhagen, Denmark.

    Japan's embattled defense minister said she was resigning, after a cover-up at her ministry contributed to Abe's plunge in public support.

  • Raytheon's shares were down 0.38 percent at $168.24 on the New York Stock Exchange in late morning trading. The Waltham, Massachusetts- based weapons maker raised its 2017 sales forecast by about $200 million to between $25.1 billion and $25.6 billion, and its expectation for earnings from continuing operations by 10 cents to a range of $7.35 to $7.50 per share,...

  • Boeing Dreamliner 787 planes sit on the production line at the company's final assembly facility in North Charleston, S.C.

    RBC Capital raised its rating on Boeing to sector perform from underperform, admitting their prior initiation was a mistake.

  • The Waltham, Massachusetts- based weapons maker raised its 2017 sales forecast by about $200 million to $25.1 billion to $25.6 billion, and its expectation for earnings from continuing operations by 10 cents to $7.35 to $7.50 per share. Raytheon said sales in its missile systems unit, its biggest by revenue, climbed 11.4 percent to $1.90 billion in the second...

  • A Gulfstream G650 in flight

    Corporate executives are getting caught in a waiting game of sorts for their shiny new luxury planes.

  • Boeing's gain may be short lived

    Before the break, what happens to the stock after Boeing hikes guidance. Our partners at Kensho show so that it's up thirteen times since 2010 a month later the stock is only up fractionally, underperforming the transports and Dow 30. For more Kensho go to cnbc.com/kensho. The Halftime Report with Scott Wapner and the traders is back in two minutes.

  • Bush said that while he expected growth rates in the Asia Pacific to remain high, given the geopolitical dynamics of the region, he sees Middle East and Europe as "quite important." Trump is seeking a $54 billion increase in overall defense spending, a proposal that must be passed by Congress and faces skeptical lawmakers. General Dynamics Chief Executive Phebe...

Defense Contractors