Spotlight On Defense

Honeywell reported 4.2% profit growth for the third quarter, as a performance-materials acquisition offset weakness in the company’s defense unit.

Boeing sent a shockwave through the aerospace industry on Wednesday with a 2016 outlook that calls for fewer commercial airplane deliveries and some production cuts.

Lockheed Martin said it reached a deal to combine its information systems and government services business with Leidos Holdings, and reported higher-than-expected quarterly profit and revenue.

Lockheed Martin said it plans on slicing 4,000 jobs, or 3% of its workforce, to deal with declines in U.S. spending. 

Boeing's profit jumped 12% in the third quarter, as the aerospace giant’s commercial aircraft unit outweighed softness at its defense business.

Lockheed Martin's third-quarter profit soared 20.1% in spite of weaker sales and Pentagon budget cuts, spurring the No. 1 defense contractor to boost its 2013 earnings outlook.

Alcoa struck a deal with the U.S. Army to design a new hull for ground combat vehicles that can better withstand improvised explosive devices.

While many defense contractors are furloughing employees, Raytheon was awarded a new defense contract valued at $1.6 billion.

United Tech's board approved a 10% hike in the defense and aerospace giant’s fourth-quarter dividend.

United Tech posted adjusted 2Q profits of $1.65 a share, topping expectations of $1.57 a share, while sales came in short of estimates. 

The U.S. Navy completed the first-ever landing of an unmanned drone on an aircraft carrier, as the Northrop Grumman plane piloted itself onto the deck of the USS George H.W. Bush.

The weapons makers reported net earnings of $489 million, or $2.03 per share, compared with $506 million, or $1.96 per share, a year earlier.

The new and improved Colt is determined to put its financial troubles in the past, and the key to success will be the iconic brand’s consumer firearms.

It's already the biggest U.S. weapons maker, but now Lockheed wants to become a powerhouse in foreign markets.

Alliant Techsystems is taking a second look at its merger with Orbital Sciences, whose unmanned NASA rocket exploded after liftoff Tuesday night.

Boeing recorded 17% earnings growth in the third quarter and again raised its full-year outlook amid surging demand for commercial jets.

Smith & Wesson agreed to pay a $2 million fine to settle charges that employees and reps. paid foreign officials to win supplier contracts.

Following another round of sanctions, demand for Russian-made firearms like the AK-47 rifle has picked up in recent days.

United Tech's Sikorsky unit was awarded a $1.28 billion contract to develop new combat search and rescue helicopters for the U.S. Air Force.

Smith & Wesson ignited a selloff after reporting a slight drop in fourth-quarter earnings and a disappointing outlook for the new fiscal year.