defense

Defense contractor Lockheed Martin (NYSE:LMT) has revealed plans to eliminate 1% of its global workforce as part of a cost-reduction strategy. What Happened: Lockheed Martin intends to reduce its workforce by 1% over the course of 2024 in a bid to streamline operations and decrease costs, CNBC...

Boeing Co (NYSE:BA) shares have looked to be in terminal decline in recent sessions after its 737 Max 9 Alaska Airlines jet blew out a door panel in mid-flight over a week ago. But the possibility of higher defense spending in 2024 could come to its rescue. Boeing’s list of military hardware...

U.S. Defense Secretary Lloyd Austin was hospitalized due to post-surgery complications arising from his prostate cancer treatment, his doctors revealed on Tuesday. What Happened: The news has caused a stir, particularly because President Joe Biden was kept in the dark about Austin’s...

In a bid to enhance its defense capabilities, South Korea has decided to procure an additional 20 F-35A stealth fighter jets from the U.S.. The decision comes in light of mounting military threats from Kim Jong Un‘s North Korea. What Happened: On Wednesday, South Korea’s Defense...

Lockheed Martin (NYSE:LMT) recently (Nov. 27) bagged a U.S. government army contract worth $199.15 million. Extending up to Nov. 28, 2028, the contract was awarded for industrial engineering services for the Multiple Launch Rocket System Family of Munitions programs. The contract comes shortly...

Lockheed Martin’s (NYSE:LMT) CEO Jim Taiclet emphasizes the urgency for the U.S. to escalate its digital technology investments in defense, pointing towards the future of national security. Taiclet highlighted the need for the United States to prioritize investments in digital defense...

Boeing Co. (NYSE: BA) has found itself at the epicenter of a potential cybersecurity calamity, as the company divulged that it is conducting a thorough investigation into a severe digital threat. A cyber gang with established Russian affiliations demanded a ransom from...

In a press briefing on Friday, White House National Security Advisor Jake Sullivan outlined the key objectives of President Joe Biden‘s upcoming trip to Europe. The visit will commence on Sunday, starting with meetings in London and continuing with the NATO summit in Vilnius, Lithuania. The...

On Thursday, General Electric (NYSE:GE) announced a memorandum of understanding with India’s state-owned Hindustan Aeronautics Ltd to manufacture fighter jet engines for the Indian Air Force, coinciding with Indian Prime Minister Narendra Modi’s state visit to the United States. What...

Shares of L3Harris Technologies Inc (NYSE: LHX) have been on a downward trajectory over the past six months. The company is poised to benefit from geopolitics driving the Defense sector in 2023, according to Morgan Stanley. The L3Harris Technologies Analyst: Kristine Liwag upgraded the rating for...

Morgan Stanley analyst Kristine Liwag released a research note on the aerospace and defense industry, highlighting three companies to own going into earnings season: Transdigm Group, Inc. (NYSE: TDG) Northrop Grumman Corp. (NYSE: NOC) Textron, Inc. (NYSE: TXT) The Transdigm Takeaways: Transdigm...

Microsoft Corporation’s (NASDAQ: MSFT) $21.9 billion deal with the U.S. Army to build customized augmented reality headsets shows the company is tightening its hold over defense deals and gaining share over its rivals, as per Wedbush analyst Daniel Ives. What Happened: Ives said in a note on...

More news on the massive cyberattack that hit the U.S. this year is likely to come out in the week ahead. Today, more senators have come out to say Russia was behind the attack. Here's a recap of what has transpired so far. What Happened: On Dec. 13, the New York Times broke a...

Government contractor Leidos Holdings Inc (NYSE: LDOS) is "The Terminator" of stocks to buy at a time when the market is selling off amid coronavirus concerns, according to Stifel.  What Happened Leidos is an information technology company that has heavy exposure to the U.S. defense...

Meggitt PLC (OTC: MEGGF) has released its annual results for 2019, showing growth across all verticals. What Happened Meggitt specializes in components and sub-systems for aerospace, defense, and select energy markets.  The company released its annual results on Tuesday and reported a net...