U.S. Department of Defense

F-35B

Does Lockheed Martin Profit More From War Than Any Other Company?

Senator John McCain, chair of the Armed Services Committee, recently proposed that the defense budget rise to $640 billion, a huge jump from previous years. The committee suggested that spending ...
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M-346 Jet Trainer

Leonardo Back in the Running with Boeing, Lockheed for Air Force Training Jet

After parting company with two erstwhile U.S. partners, Italy's Leonardo has finally found a U.S.-based partner that can't refuse. The company's U.S. subsidiary, DRS Technologies, will be the prime contractor on ...
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Boeing T-X peek

Boeing, Lockheed: Mano a Mano for Air Force T-X Contract?

Just last week one of five potential bidders dropped out of the race for a $16 billion U.S. Air Force contract to supply 350 new T-X training jets. On Wednesday, another ...
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Lockheed T-50

Boeing, Lockheed May Duel Alone for Air Force Training Jet

The competitive bidding for a $16 billion contract to supply the U.S. Air Force with a new training jet may be winnowed from its current number of potential bidders. Aviation ...
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KC-46A F/A-18

Boeing Takes Hit on Tanker, Faces Less Competition for New Training Jet

It's another good news/bad news day for Boeing Co. (NYSE: BA). First the bad news: During its earnings conference call on Wednesday, the company said it took a fourth-quarter charge on ...
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The Pentagon

Smith & Wesson Big Loser as Army Picks Sig Sauer Pistol

The U.S. Army on Friday ended a nearly 10-year long competition to supply the service with a new handgun. The Army awarded a contract valued at $580 million to Sig Sauer, ...
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Boeing 787-10

How Boeing Can Overcome Its Bull/Bear Case in 2017

Boeing Co. (NYSE: BA) spent much of 2016 in the dog house, but a 19% rally in the fourth quarter enabled the stock to generate a total return of 11.3% ...
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E-8C Joint STARS

Air Force Seeking Bids to Replace JSTARS Surveillance Planes

The last week of 2016 was a busy one for the U.S. Air Force and some of its largest civilian contractors. The Air Force on Friday released its final request ...
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Boeing T-X peek

Competition for Air Force Training Jet Now Begins in Earnest

The U.S. Air Force released its final request for proposal (RFP) on Friday for a fleet of some 350 new training jets, called the T-X for now, to replace the ...
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FA-18 Super Hornet

Lockheed in Trump’s Doghouse, Boeing in His Penthouse

The CEOs of the world's two largest defense contractors met with President-elect Donald Trump on Wednesday and, while first reports of the meetings were pretty ordinary, Trump decided to raise ...
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Boeing T-X training jet

As Boeing Prototype Training Jet Takes Off, Textron Rumored to Reenter the Fray

Boeing Co. (NYSE: BA) on Tuesday held its first test flight of its proposed new T-X training jet for the U.S. Air Force. The most remarkable thing about the flight ...
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The Pentagon

A New Entrant in Competition for US Air Force Training Jet: Aviation Week

Any day now the U.S. Air Force is expected to release the final version of its request for proposal (RFP) to build a new training jet to replace the decades ...
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F-35B

Trump Takes a Shot at Lockheed’s F-35 Fighter

President-elect Donald Trump took a shot at one of the easiest targets on offer last Friday. In a TV interview Sunday, Trump called the F-35 Joint Strike Fighter program "out ...
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KC-46 refuels A-10 during Milestone C test

Boeing Air Force Tanker in Line for a Boost

Boeing Co. (NYSE: BA) has taken substantial heat from President-Elect Donald Trump over what he claims is a $4 billion price tag for two new presidential jets. But under a ...
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MQ-9 Reaper drone

AeroVironment Adds Soft Guidance to Poor Quarterly Results

AeroVironment Inc. (NASDAQ: AVAV) reported second-quarter fiscal 2017 results after markets closed on Tuesday. The maker of unmanned aircraft systems (drones) and electric vehicle charging and testing stations posted a ...
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