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…
Each year, Capgemini publishes the U.S. Metro Wealth Index, which ranks the number of high-net-worth individuals living within the ten largest metropolitan statistical areas. According to the report, high-net-worth Individuals “are defined…
No industry was able to avoid short selling activity, particularly among its largest companies. Tech, automotive, conglomerates, consumer goods, and financial shares were all under pressure, and big firms took the brunt…
After a second do-over, Boeing Co. (NYSE: BA) has once more bested Airbus maker EADS (OTC: EADSY) in the bidding war for a new US Air Force tanker. But the battle could…
In a major reversal from a policy promoted in the early 1990s, the US Defense Department is now warning defense contractors to beware of mergers and acquisitions in the defense industry. The…
