Northrop Grumman

Following Congress's debt deal, the Pentagon faces up to $600 billion in cuts, on top of $400 billion previously demanded by the president. What might this mean for Lockheed Martin, the contractor whose F35 Joint Strike Fighter -- intended to be a "cost effective" project -- has already become a fiscal and logistical disaster?

Boeing's plan to relocate two major defense programs from California to Oklahoma could signal the start of a major shift in the locations of defense contractors, and how they work. For the areas attracting the companies, it's about jobs. For the contractors, it's about remaining competitive.

Northrop Grumman depends on government contracts for more than 90% of revenue, making talk of cutting the budget deficit a prickly subject. Here's how the defense contractor plans to stay in the game and how it will affect earnings.

Google is now investigating whether some of its own employees helped carry out the recent cyber-attack in China, which exposed Gmail accounts of U.S. companies and Chinese dissidents. News reports also say foreign reporters based in China were targeted by the hackers, too.

The Air Force, still in need of airborne refueling craft, plans to buy 179 of these so-called tankers starting in fiscal 2011. The $35 billion contract for turning out about 15 planes a year may be awarded by June 2010, according to Bloomberg News. The Air Force has tried many times to make this...

It looks like the Pentagon is poised to try for a third time to award a $35 billion contract for 179 airborne refueling tankers. This contract, which could ultimately be worth $100 billion by 2030, is going out to two bidders: Boeing (BA), and EADS' Airbus subsidiary in partnership with Northrop...

For most of the Bush era, defense stocks seemed pretty close to a sure thing. Those days are over and are not coming back any time soon, according to one defense analyst. The Obama administration is paring back spending on complicated weapons systems such as the Lockheed Martin Co. (LMT) F-22 and...