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- U.S. Steel plans to lay off hundreds of workers in Michigan
- China lowers borrowing costs — but UBS says the impact will probably be 'very muted'
- Porsche to stream Apple Music into all-new Taycan EV
- Apple is spending $6 billion on original shows and trying to beat Disney+ to market, reports FT
- A generational shift in consumer tastes is a boon for these retailers, Jim Cramer says
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Additionally, the iShares U.S. Aerospace & Defense ETF (ITA) was climbing higher Monday morning following this news.
The big U.S. defense companies have used piles of cash to increase share buybacks and dividends. Now they’re going to move ahead on mergers and acquisitions, say analysts who follow the industry. “This is the early stage of defense M&A activity,” said Tess Oxenstierna, managing director of Headwaters MB, an investment banking and advisory firm …
Defense stocks are getting a lot of attention, including some names that are under the radar.
Two of the biggest names in the defense industry are racing to dominate the sky.
The battle to build the next generation bomber is heating up and there’s $55 billion at stake for some of America’s biggest defense companies.
Nations in the Middle East are looking to increase their inventory of military weapons, potentially creating an arms race and U.S. defense companies are closely watching.
It’s showtime for Robert Bigelow. The real estate developer and hotel magnate estimates he’s spent $275 million of his own fortune researching, building, and testing expandable living areas for outer space at Bigelow Aerospace, a company he founded in North Las Vegas 16 years ago. NASA wants to see if he’s right. It’s paying him …
SpaceX and Boeing plan to build space “taxis” that can American astronauts to the International Space Station by 2017, and both companies appeared together at a NASA press conference Monday to unveil updates in the space agency’s commercial crew carrier competition. NASA has awarded Boeing $4.6 billion and SpaceX $2.6 billion to develop and operate …
Jane Wells tells us her outlook for defense in 2015.
Consider a supercomputer so fast and powerful that it generates simulated models to better understand everything from irregular human heartbeats to earthquakes. Picture tiny brain implants that can restore sight and possibly memory. Or what about the world’s largest laser, with powerful beams,zooming rocket-like across three football fields—research that could lead tofuture sources of clean energy? This is …
President Barack Obama said Friday that U.S. Veterans Affairs Secretary Eric Shinseki resigned over a veterans healthcare delay scandal that has embarrassed the administration. Obama announced that he accepted Shinseki’s resignation “with considerable regret” after meeting with him on Friday morning and named Deputy VA Secretary Sloan Gibson as the temporary chief until a permanent …
Robots on the battlefield of the future will carry a heavier load, both literally and figuratively. They will operate with more freedom and begin to think for themselves. They will be armed and take on more tasks. “I think you’ll see many of the high-risk missions done by autonomous platforms,” said Tim Trainer, vice president …