Fox Business - The Power to Prosper
Search Site

Lockheed Martin

Boeing 'protecting' St. Louis fighter jet line: executive

Boeing Co is self-funding procurement of some materials needed to keep producing EA-18G electronic attack planes for several months until the U.S. Congress signals whether it will fund 22 more jets in fiscal 2015, a company vice president said on Monday.Boeing, the No. 2 U.S. arms maker, told reporters last year that it needed to decide in March whether to invest tens of millions of dollars to continue production of the F/A-18 Hornet fighter jets and EA-18G Growlers, which otherwise will cease at the end of 2016 unless the company receives additional orders.But Mike Gibbons, vice president of F/A-18 and EA-18G programs, told Reuters at a Navy League conference on Monday that the company had decided to "protect" the St. Louis production line for several more months until congressional plans become clearer.Fighter jets need items like titanium that must be purchased well before production begins, which means Boeing might pay for those items on its own until firm orders come in. The compa...

Read More

  1. Budget Cuts to Shrink Army to Pre-WWII Levels

    The Pentagon said on Monday it would shrink the U.S. Army to pre-World War Two levels, eliminate the popular A-10 aircraft and reduce military benefits in order to m...

  2. Rolls-Royce, Lockheed in $1B Engine Deal

    Rolls-Royce inked a long-term deal with Lockheed Martin (NYSE:LMT) on Wednesday to deliver 600 fuel-efficient turboprop engines worth about $1 billion to power the C...

  3. Wheels Fly Off GM's CEO Pay Story

    Has General Motors' (NYSE:GM) new narrative on chief executive Mary Barra's compensation hit the wall faster than a crash-test dummy?FOX Business has reported as it ...

  4. Raytheon Posts Higher Profit in 4Q, Revenues Miss

    U.S. arms maker Raytheon Co on Thursday reported higher-than-expected earnings in the fourth quarter, although revenues fell short of estimates with U.S. military sp...

  5. Lockheed Profits Drop 14%

    Lockheed Martin (NYSE:LMT) disclosed a 14% drop in fourth-quarter profits on Thursday as the defense contractor was hit by a number of one-time charges and shrinking...

  6. Lockheed earnings, sales lower-than-expected on special charges

    Top U.S. weapons maker Lockheed Martin Corp reported lower-than-expected earnings on Thursday after charges linked to U.S. defense budget cuts and workforce reductio...

  7. Lockheed Martin 4Q earnings report

    Earnings HQ: FBN’s Diane Macedo breaks down Lockheed Martin ’s fourth-quarter earnings report.

  8. Investors Are Playing Defense… Literally

    Investors are buying up shares of aerospace and defense stocks on Tuesday.Rockwell Collins (NYSE:COL) lit the engines, beating on earnings and revenue and raising it...

  9. Week Ahead: Tech Earnings and Housing Data

    Earnings and data related to housing and manufacturing highlight next week's economic calendar. Stock and bond markets are closed Monday for the Martin Luther King J...

  10. 3D-printing made easy

    Makerbot CEO Bre Pettis on the company's new 3D printers at CES 2014.

  11. Industrial Stocks Charge to Record Highs

    Data released on Friday reveals gross domestic product grew at a much faster-than-expected pace of 4.1% last quarter.  This rapid rate of growth is giving a big boos...

  12. Lockheed Names CEO Hewson as Chairman

    Lockheed Martin (NYSE:LMT) chief executive Marillyn Hewson was given the additional title of chairman on Monday, replacing Robert Stevens.Hewson is a company veteran...

  1. ‘Iron man’ helps people walk

    Ekso Bionics CEO Nathan Harding on creating a robot that helps people walk again.

  2. Lockheed buys German commercial airport services firm

    Lockheed Martin Corp , the No. 1 U.S. arms maker, on Tuesday said it had acquired BEONTRA AG, a small German company that provides forecasting services for big comme...

  3. Lockheed Buys German Airport Services Firm

    Lockheed Martin Corp (NYSE:LMT), the No. 1 U.S. arms maker, on Tuesday said it had acquired BEONTRA AG, a small German company that provides forecasting services for...

  4. Is Raytheon the defense sector winner for investors?

    Barron’s Senior Editor Jack Hough on the outlook for the defense sector.

  5. Fmr. astronaut: Obama dismantled US manned space program

    Fmr. NASA astronaut Gene Cernan on the U.S. space program.

  6. Army turns to drones: Which companies will win?

    Roman Scheizer of Guggenheim Partners on the winners and losers of the Department of Defense’ increased drone usage.

  7. Plan to Ax A-10 Warthog Gets Pushback

    A proposal from the Department of Defense to ax the Air Force's entire fleet of A-10 Thunderbolts is receiving criticism from multiple fronts with questions over how...

‹ Prev12345Next ›
Freebase CC-BY
Source: Lockheed Martin on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL