U.S. Department of Defense

The Pentagon

SAIC Beats Estimates as Scitor Revenues Top Rising Costs

Science Applications International Corp. (NYSE: SAIC) reported first-quarter 2017 results before markets opened Monday. The defense technology integrator and contractor posted adjusted diluted earnings per share (EPS) of $0.80 on revenues ...
Read Full Story »
KC-46A F/A-18

Boeing Says It Has a Fix for Tanker Refueling Problem

At a conference on Wednesday, Boeing Co. (NYSE: BA) said it has come up with a fix to the refueling problem that has caused a delay in the delivery of ...
Read Full Story »
Lockheed T-50

Lockheed Air Force Training Jet Makes First Flight

Just four months after announcing that it had scrapped the idea of developing a clean sheet design for a new training jet for the U.S. Air Force, Lockheed Martin Corp. ...
Read Full Story »
KC-46A F/A-18

Boeing, Air Force Push Out Tanker Schedule

In a joint press release Friday afternoon, The Boeing Co. (NYSE: BA) and the U.S. Air Force are moving the formal production decision on the new KC-46A tanker program from ...
Read Full Story »
F-35B

Lockheed F-35 Production Delayed Until at Least 2018

One of the year's worst-kept secrets received a little sunshine on Tuesday when Pentagon officials acknowledged that the Lockheed Martin Corp. (NYSE: LMT) F-35 joint strike fighter will not be ...
Read Full Story »
The Pentagon

Is It Time to Sell Defense Stocks?

The U.S. Congress is currently debating the 2017 National Defense Authorization Act (NDAA), and it's really anyone's guess what the outcome will be. The U.S. House of Representatives passed its ...
Read Full Story »
Huey AH-1G

Lawmakers Want to Stop Sole-Source Lockheed Martin Contract

The U.S. Air Force wants to replace its aging UH-1N helicopters on a sole-source contract with the Sikorsky division of Lockheed Martin Corp. (NYSE: LMT). Congress told the Air Force ...
Read Full Story »
Oshkosh JLTV 2015

Humvee Replacement Faces 6-Month Delay

U.S. defense department officials are saying that the Joint Light Tactical Vehicle (JLTV) program to replace the venerable Humvee is expected to be six months late. That means that the ...
Read Full Story »
KC-46A F/A-18

GAO Calls Boeing KC-46A Tanker Schedule ‘Challenging’

Winning the U.S. Air Force contract for a new aerial refueling tanker was hard, but meeting the program's requirements may be even harder for Boeing Co. (NYSE: BA). The good ...
Read Full Story »
MQ-9 Reaper drone

Why the World’s Most Expensive Drone Costs $19 Million

The U.S. Army plans to add 29 MQ-9 Reaper drones to its arsenal in the current fiscal year at a cost of about $11.26 million per unit. They will join ...
Read Full Story »
P-8 Poseidon

Boeing Gets OK to Sell 9 Spy Planes to Britain

The defense and space division of Boeing Co. (NYSE: BA) cleared a U.S. Department of Defense hurdle on Thursday when Pentagon brass approved the sale of nine of Boeing's P-8A ...
Read Full Story »
M-346 Jet Trainer

Air Force Pushes Bid Deadline for Training Jet to December

The U.S. Air Force on Monday announced that its planned request for bids to build the service's new training jet, called the T-X for now, will be delayed by three ...
Read Full Story »
The Pentagon

Air Force to Retire Warthogs Beginning in 2018

The U.S. Air Force has had a difficult time deciding what to do with its A-10 close-air support (CAS) attack plane. The Warthog, as the aircraft is known, was developed ...
Read Full Story »
The Pentagon

Does the Pentagon Really Need a New Rare Earths Source?

Stop me if you've heard this story before. China controls virtually 100% of the world's supply of rare earth minerals and the United States needs to do something to redress the ...
Read Full Story »
Boeing KC-46A refuel

Boeing Names New Defense Chief, Drops Bomber Challenge

When the Government Accountability Office (GAO) last week rejected the appeal from Boeing Co. (NYSE: BA) and Lockheed Martin Corp. (NYSE: LMT) related to the awarding of an $80 billion ...
Read Full Story »