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The Pentagon's annual report to Congress shows a decline of $4.5 billion or just over 1 percent in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data said.The Pentagon's annual "selected acquisition report" for lawmakers projects the cost of developing and building the new radar-evading jet to be $391.2 billion, down from last year's estimate of $395.7 billion, said the sources, who were not authorized to speak on the record.(Reporting by Andrea Shalal-Esa; Editing by Gerald E. McCormick)...
Raytheon Co raised its profit forecast for 2013 on Thursday after a stronger-than-expected jump in first-quarter earnings, the only major arms company to do so despi...
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...
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 ...
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....
Fears of a rush for the exits from the U.S. bond market have been greatly exaggerated.Even as the fixed-income sector grapples with a rare negative start to the year...
Delta Air Lines Inc has sued the Export-Import Bank of the United States over loan guarantees given to support purchases of Boeing Co's widebody planes by certain fo...
NAVAL AIR STATION PATUXENT RIVER, Maryland (Reuters) - Australia is expected to decide on the purchase of up to 24 additional Boeing Co F/A-18 fighter jets by late s...
The retiring chief of the trouble-plagued F-35 Joint Strike Fighter says he remains bullish about the hi-tech war plane, with costs soon to be further reduced as pro...
Boeing's Dreamliner 787 took off Monday in the first of two flights aiming to prove that the plane's battery troubles are over. Boeing hopes the test flights will co...
A stop-gap spending measure passed by the Congress last week will allow Lockheed Martin Corp and its partners in Italy and Germany to complete the last year of devel...
Boeing Co's defense division expects to continue growing its research and development spending and operating margins in coming years, regardless of what happens with...
The U.S. Air Force plans to start operational use of Lockheed Martin Corp.-built F-35 fighter jets in mid-2016, a year earlier than planned, using a similar software...
Roger Carr, the long-standing chairman of U.K. gas utility Centrica PLC (CNA.LN, CPYYY) and a veteran of British takeover battles, is the front runner to replace Dic...
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 Fight...
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...
A group of activist hackers kicked off an ambitious cyber operation on Tuesday that targeteted a slew of high-profile American targets, however the Group Anonymous a...
Samsung Electronics Co. (005930.SE) and Apple Inc. (AAPL) are bringing the smartphone wars to the Pentagon.The Department of Defense is expected in coming weeks to g...
