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The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official said on Tuesday.Chief Financial Officer Bruce Tanner said Lockheed had not been officially informed about the impact of the furloughs, but civilian government workers have played a big role in supporting flight testing and other work on the $396 billion F-35 jet, the Pentagon's costliest weapons program."We'll lose the capability to remain on schedule for some of our programs if in fact the government support that goes hand in hand with our flight tests, for example, is reduced," Tanner told Reuters in an interview at the company's media day.Lockheed and other big weapons makers railed against budget cuts required under a process known as "sequestration" for over a year, warning that their across-the-board nature could result in significant layoffs throughout the industr...
U.S. stocks rose Tuesday, recouping after a phony terror tweet from a hacked Associated Press Twitter account, as investors embraced upbeat earnings while awaiting A...
Apple Inc. and Caterpillar Inc. results this week will help determine whether the quarterly earnings season is stuck in a well-worn groove: Companies' bottom-line re...
U.S. stocks rallied on Tuesday, extending gains into a third session, as investors embraced upbeat earnings while awaiting Apple Inc.'s results in the afternoon.Of t...
U.S. stocks rose on Tuesday, as investors embraced upbeat corporate earnings that fueled a surge by Netflix Inc. while awaiting Apple Inc.'s results in the afternoon...
Lockheed Martin Corp expects across-the-board U.S. budget cuts to have a bigger impact on the company's results in the second and third quarters of 2013, Chief Finan...
Lockheed Martin (NYSE:LMT) beat the Street in the first quarter, but the maker of military aircraft is bracing for the impact of U.S. government budget cuts that it ...
Keppel Corp. Ltd. (BN4.SG) said Monday it is seeking a seabed-minerals exploration license in partnership with a unit of Lockheed Martin Corp. (LMT) and Singaporean ...
Next week brings a heavy calendar of quarterly results from some of the biggest tech and energy companies in the U.S. as earnings season heats up.Also, a first-quart...
Earnings will remain in the spotlight next week, highlighted by Apple's (NASDAQ:AAPL) release on Tuesday.The maker of ubiquitous tech gadgets such as the iPhone and ...
The Department of Defense urged the Netherlands on Thursday not to cut its order for advanced F-35 warplanes, saying it could end up paying more per plane if it did....
South Korea said on Wednesday it would buy attack helicopters worth 1.8 trillion won ($1.6 billion) from Boeing Co. to improve its ability to respond to threats from...
NEW YORK/COLORADO SPRINGS, Colorado (Reuters) - U.S. regulators are discussing whether the batteries that burned on Boeing Co's 787 Dreamliner hold any lessons for o...
Boeing Co could keep building its Super Hornet fighter jet and a modified electronic attack version through 2020, the company said, given prospects for over 200 fore...
Some investors believe that a security's price tag is not the primary indicator of intrinsic value. For example, there were some investors and pundits that argued Ap...
U.S. weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of s...
Singapore has shown "tremendous interest" in the F-35 Joint Strike Fighter developed by Lockheed Martin Corp and will likely decide by this summer whether to buy the...
Top weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of sh...
U.S. stocks rallied on Tuesday, recouping after an erroneous tweet pushed the market down 1% in seconds, as investors embraced earnings and less-dismal-than-anticipa...
U.S. stocks rose on Tuesday, recouping after an erroneous tweet pushed equities down 1% in seconds, as investors embraced upbeat earnings ahead of Apple Inc.'s resul...
