defense contractors

Obama and the Bayonets: Who's Right on the Defense Debate?

President Obama's snappy comeback about bayonets and horses put Mitt Romney on the defensive on defense spending ... but do his arguments hold water? Is Washington being a good steward of your tax dollars, as it spends them on aircraft carriers, nuclear subs, and other gear for our smaller, high-tech Navy?

Defense Cuts to Clip Lockheed's Wings?

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?

Raytheon to Buy Applied Signal for $490 million

Defense contractor Raytheon said Monday it has agreed to buy Applied Signal Technology, which specializes in collecting and processing communication signals to support tactical and strategic intelligence missions, for an aggregate purchase price of approximately $490 million.

Are U.S. Defense Contractors Abandoning California?

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.

Blackwater Created Shell Companies to Get Federal Contracts

The security company Blackwater Worldwide formed a network of 30 shell companies and subsidiaries to try to get millions of dollars in government business after the company faced strong criticism for reckless conduct in Iraq, The New York Times reported Friday.

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

The U.S. plans to sell advanced F-15 fighter jets to Saudi Arabia in a $30 billion, 10-year arms package. The 84 Boeing Co. (BA) F-15s could help the Saudis deal with skirmishes with Yemeni rebels on the country%u2019s southern border, The Wall Street Journal said. The planes will have onboard targeting systems similar to those offered to other foreign governments, but will not be as sophisticated as the F-15s flown by the U.S. military.

Boeing to Submit Defense Contract Bid as EADS Tensions Rise

Boeing is expected to submit a bid for a $35 billion Air Force tanker contract today, as tensions build over subsidies to its rival, the European Aeronautic Defense and Space Company. EADS submitted an 8,800-page bid for the contract yesterday based on the Airbus A330-200, The New York Times reported. The World Trade Organization said last week that this model received illegal subsidies in the form of low-cost loans from European governments.

Boeing to Acquire Argon ST in $775 Million Deal

Boeing is beefing up its defense, space and security operating unit with plans to acquire Argon ST in a $775 million, all-cash deal, at the aircraft maker announced Wednesday. Under the deal, Boeing will pay $34.50 per share, a 41% premium over Argon's closing price Tuesday.

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.

Defense stocks: No longer a sure thing

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...