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The Department of Defense’s priorities for the next five years call for protected and prioritized investments in weapon technology and new capabilities.
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Aerojet Rocketdyne's (AJRD) revenues of $437.9 million declined 17.1% year over year and also missed the Zacks Consensus Estimate of $500 million by 12.4%.
At the end of 2018, Leidos Holdings' (LDOS) backlog of signed business orders was $20.8 billion, of which $6.4 billion was funded.
Oshkosh (OSK) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Cooper Tire's (CTB) Americas Tire Operations segment witnesses sales growth in fourth-quarter 2018 while International Tire Operations reports decline in revenues.
Boeing Hits a 52-Week High: Will Its Momentum Continue?(Continued from Prior Part)Robust dividend growth The Boeing Company (BA) has always looked to enhance shareholder wealth through dividend payments and share buybacks. The company has paid
Lockheed Martin offered India on Wednesday a new combat jet to be made locally, the F-21, in an attempt to win a large military order worth more than $15 billion. The U.S. defence firm had previously offered its F-16 fighter used by countries around the world for the Indian air force's ongoing competition for 114 planes to be made in India. "The F-21 is different, inside and out,” Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin Aeronautics, said in a statement.
On a per-share basis, the El Segundo, California-based company said it had profit of 29 cents. Earnings, adjusted for one-time gains and costs, were 33 cents per share. The aerospace and defense company ...
Boeing Hits a 52-Week High: Will Its Momentum Continue?(Continued from Prior Part)Bullish stanceThe Boeing Company (BA) has received a consensus “buy” recommendation from Wall Street analysts polled by Reuters. Nearly 75% of the analysts
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Boeing Wins $43 Million Navy Contract to Build Super SubmarinesBoeing wins Navy contractLast week, the Boeing Company (BA) announced winning a $43 million contract from the US Navy to build four large unmanned submarines. The US Navy named the
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The United Arab Emirates on Monday awarded Raytheon Co. a 5.7 billion dirhams ($1.55 billion) contract to supply its air force with platform systems to launch missiles, a UAE military spokesman said. The agreement was signed at the week-long IDEX military exhibition in Abu Dhabi and followed the award on Sunday of a 1.3 billion dirhams contract to Raytheon to supply the UAE with patriot missiles.
Genuine Parts (GPC) announces the acquisition of Axis New England and Axis New York to augment the Industrial segment's abilities in industrial plant floor automation.
Amid calls by U.S. lawmakers to reduce weapons sales to Saudi Arabia and other Gulf countries involved in offensive warfare in the Middle East, corporates in the defense space are coming under increased scrutiny. Bipartisan support in Congress has been building at an unprecedented pace for cuts to support for Saudi Arabia in its war in Yemen, which the UN has described as the world's worst humanitarian crisis. "We are an element of U.S. policy — our role is not to make policy, our role is to comply with it," Raytheon International CEO John Harris told CNBC at the Munich Security Conference on Saturday.
The dividend increases rolled in this week across various sectors, a nice sweetener to a stock market that’s made strong gains so far this year.