defense

5 Great Employers for Veterans

My older brother is a first lieutenant in the United States Marines Corps who has served two tours of duty in Iraq. I am truly grateful for...

The Dow Follows Manufacturing Higher

A strong showing from the Institute for Supply Management's Purchasing Managers' Index for July has helped the markets roar back today. The ...

The Obama Romney Debate: Who Won, and What That Means

Let's not sugarcoat it, President Obama won Monday's debate decisively -- at least on the topic of the evening, foreign policy. That's good news for Obama and bad news for Romney. But there's good news for Romney too.

The Best Dividend Offense Is a Good Defense Stock

In 2011, the S&P 500 Index went nowhere. In fact, it lost a little. But you don't have to suffer just because stock prices stay flat -- if you buy companies that pay strong dividends, like these 4 options in the defense sector.

Surprise! Here's Where Your Tax Dollars Go

Taxes. We resent paying them, yet, for the most part, they fund things we'd rather not do without. But exactly how much of our money is going to each service? The White House has made it easy to answer that question. So here's a receipt for where your tax dollars are spent.

Debt-Ceiling Law: States Brace for Another Hit

The debt-ceiling discussions may be over, but the fallout for states is just starting. Many states, still struggling to recover to pre-recession levels, have depended on federal money to make up their shortfalls. As the flow of money slows, which states will take the biggest hits?

The Higher the Debt Ceiling, the Deeper the Hole

When some new members of Congress recently declared their resistance to raising the nation's debt limit, it triggered warnings of "catastrophic consequences." Problem is, the higher this ceiling gets, the deeper the hole that the U.S. is digging itself into.

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

Lockheed Martin Corp.%u2019s (LMT) new F-35 fighter jet could be delayed by as long as three years, with development costs soaring by as much as $5 billion, Reuters reported. The Pentagon has estimated the cost of the F-35 program could top $380 billion, its most expensive weapons program ever. The program was restructured earlier this year, adding 13 months to the development phase.

BAE Systems Puts U.S. Component Unit Up for Sale

British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses. The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) "to advise on strategic options" regarding its Platform Solutions unit, including a possible sale, Reuters reported.

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.

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.

Lockheed Martin Reports Quarterly Earnings of $727 Million

Lockheed Martin Corporation (LMT) announced second-quarter earnings from continuing operations of $727 million, compared with $731 million in the second quarter of 2009. Net sales rose 3% to $11.4 billion from $11.1 billion in the same quarter in 2009, Lockheed said in a statement.

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.