The US Air Force is expecting to save about 5% — $3 billion — of its maintenance and engineering budget by consolidating services and eliminating duplication. The Washington Post notes three companies…
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…
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…
Last year the US Defense Department threatened to cancel a portion of its contract with Lockheed Martin Corp. (NYSE: LMT) for the new F-35 jet fighter. The company had failed to address…
Paul Ausick 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…
Can Audi pass BMW, which passed Mercedes? The ongoing race for the prime position among luxury car companies in the U.S. was won by BMW in 2011. It sold 247,907 cars and…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Acme Packet, Inc. (NASDAQ: APKT) Cut to Neutral at…
The U.S. sold $29.4 billion worth of F-15s to Saudi Arabia. The State Department and defense contractors can take whatever solace they need in the adage that fighter jets do not kill people…
F-16 and F-15 production lines are being extended by U.S. government sales to Iraq, Saudi Arabia and Oman by Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA), made through the State Department,…
It is no secret that Iran is a saber-rattling nation. The country wants to be relevant on the global stage so much that it keeps up with its nuclear ambitions regardless of…
AT&T (NYSE: T) gives up on its effort to buy T-Mobile. (Reuters) Apple (NASDAQ: AAPL) wins a patent case over HTC in the smartphone wars. (Reuters) Olympus will sell shares to Sony…
German conglomerate Siemens AG (NYSE: SI) recently formed a new division, Siemens Government Technologies, to focus on sales to the US government. The new division now has a new chairman, retired US…
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…
Wednesday was a major day for dividend hikes. We saw higher dividends and higher distributions from the following: AFLAC Inc. (NYSE: AFL); Atlas Pipeline Partners LP (NYSE: APL); Barrick Gold Corporation (NYSE: ABX); Holly Energy…
