The defense industry has been warning about the effects of the coming fiscal cliff for several months now. If Congress fails to come to a resolution on how the U.S. will begin…
Lockheed Martin (NYSE: LMT) has just joined the dividend hike brigade. We have previously written that this would likely be the case and the hike was right in line with the upper-end…
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…
Boeing Co. (NYSE: BA) and other aerospace and defense contractors like Lockheed Martin Corporation (NYSE: LMT) and General Dynamics Corp. (NYSE: GD) could have some even larger competition to fend off. We…
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 mixed this morning with the Nasdaq Composite slightly negative on an unexpectedly weak earnings report from Apple Inc. (NASDAQ: AAPL) (more coverage here). A weak…
The three major US stock indexes opened roughly flat this morning as Spanish 10-year bond yields rose to 7.5% and Moody’s cut Germany’s outlook to ‘negative’ after the markets closed last night…
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…
Warren Buffett hosted the Berkshire Hathaway Inc. (NYSE: BRK-A) over the weekend and this Monday morning he gave a long interview to CNBC. In the interview Mr. Buffett noted how he still…
Markets opened a few ticks lower this morning after a poor report on new claims for unemployment benefits in the US (our coverage here). The report that pending home sales jumped 4.1%…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. ABB Ltd. (NYSE: ABB) Cut to Neutral at JPMorgan. Air Products &…
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…
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…
All three major US indexes opened higher this morning, but enthusiasm tapered off quickly and steadily, if not sharply. A drop in the number of new home sales and a smaller-than-expected rise…
