U.S. Department of Defense

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Boeing to Take $2 Billion in Q2 Charges

When Boeing Co. (NYSE: BA) reports earnings July 27, the company will recognize impacts to earnings of $2.05 billion on three different programs. We'll have more detail later, but here's ...
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KC-46 refuels A-10 during Milestone C test

New Boeing Tanker Passes Final Flight Test

Just last week the new U.S. Air Force Tanker, the KC-46A, passed the fifth of six flight refueling tests, passing fuel from Boeing Co.'s (NYSE: BA) troubled plane to ...
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KC-46A F/A-18

Boeing Tanker Successfully Refuels Air Force Cargo Plane

The saga of the new U.S. Air Force tanker is now about 15 years old and the service has yet to receive one new plane. It took roughly 10 years for ...
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T-100

Raytheon Reveals Training Jet Design

Raytheon Co. (NYSE: RTN) used the occasion of the Farnborough Air Show to unveil its candidate to replace the U.S. Air Force's fleet of T-38 training jets. The T-100, as ...
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F-35B

Lockheed, UTC Win $2 Billion for F-35 Fighter

The U.S. Navy on Thursday awarded two contracts for the F-35 Joint Strike Fighter with a combined value of more than $2 billion. The Pratt & Whitney division of United ...
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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 ...
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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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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