Senior members of the U.K. government have told the Sunday Telegraph that the EADS “merger” with BAE could be challenged in Parliament. The deal is already controversial because it might create a new monopoly in…
This proposed merger between EADS and BAE is going to be more than complicated. Frankly, we also wonder about the legality of such a merger and wonder how other defense and aerospace firms…
In a new report from the Congressional Research Service, written by Richard F. Grimmett and Paul K. Kerr, the agency said that U.S. arms exports reached $66.3 billion, according to an account in The…
The three major US stock indexes opened lower this morning and spent most of the day heading lower still. Economic data was mixed at best today, with the flash PMI number lower…
Jon OggThese are the top analyst calls of upgrades, downgrades, and initiations we have seen from Wall Street research calls this Thursday morning. ADTRAN Inc. (NASDAQ: ADTN) cut to Neutral at Credit Suisse.…
Often, the media discusses the issue of high CEO pay, but what about high pay for members of the board? More than a dozen public company boards had directors whose compensation averaged…
More than $50 billion in defense spending is set to be chopped from the federal budget at the end of this year as part of the compromise deal reached last August that…
Aircraft maker Boeing Co. (NYSE: BA) reported first quarter earnings this morning that handily beat expectations for EPS and revenues. EPS came in at $1.22 on revenue of $19.4 billion, compared with…
Courtesy of 20th Century FoxGlobal sales of arms and military services by the 100 largest defense contractors increased in 2010 to $411.1 billion, according to the Stockholm International Peace Research Institute. The…
Large federal contractors have been resorting to cost containment to maintain their profits as federal spending is reduced. The situation is likely to undergo more strain as planned cuts in military spending…
The three major US stock indexes opened higher this morning, following on a positive debt sale by Portugal and some improvement in PMI numbers from Europe. ADP employment data did not meet…
Government contractors Lockheed Martin Corp. (NYSE: LMT), General Dynamics Corp. (NYSE: GD), and Raytheon Co. (NYSE: RTN) increased their lobbying costs by 10% in 2011, to $33.4 million, as the US defense…
When US Secretary of Defense Leon Panetta discusses projected cuts to the US defense budget later today, he is expected to talk about a leaner military with fewer people and fewer expensive…
The 10 most expensive weapons systems in the world total $868 billion in research and development and manufacturing costs. The Department of Defense has commissioned each of the weapons. The White House…
The US House-Senate budget reduction committee, or the ‘super committee’, that is charged with recommending $1.5 trillion in budget cuts over the next 10 years has just another 10 days to deliver…
