Defense Department

Election Day 2012: Stocks Rise as Investors Wait for a Winner

Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.

Obama's 2012 Budget: Why Federal Spending Needs to Be Raised, Not Cut

President Obama's proposed spending plan seeks to slash $1.1 trillion from the deficit over the next decade. Republican House Speaker John Boehner says that's too little. In this case, both Obama and Boehner are wrong. The nation doesn't need to spend less. It needs to spend more -- a lot more.

Lockheed Martin's F-35 Could Be Delayed by Three Years

U.S. Plans to Sell F-15 Fighter Jets to Saudi Arabia

Lockheed Profits Fly Past Estimates

Defense contractor Lockheed Martin posted higher fourth-quarter earnings that exceeded expectations, boosted by sales of its fighter jets and satellite systems. The earnings per share results, however, were boosted by a share buyback.

Pentagon to KBR: Cut workforce in Iraq