Lockheed, Northrop Face Big Cuts-Document
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Lockheed Martin Corp. LMT.N and  Northrop Grumman Corp. NOC.N would bear the brunt of proposed  cuts in U.S. weapons purchases totaling $30 billion over the  next six years, according to the summary from a Pentagon budget  document made available to Reuters Monday.
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent rise in  quarterly profit on Tuesday, beating Wall Street forecasts, on  strong demand for its combat aircraft and information  technology services.
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Lockheed Martin Corp.'s LMT.N F-35   Joint Strike Fighter, funded by the United States and eight   other countries, initially could cost another $12 million to   $16 million apiece if production is curtailed in early years,   the project's top general said on Friday.
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NEW YORK  - No. 1 U.S. defense contractor Lockheed Martin Corp.  reported a 41 percent rise in quarterly profit on Tuesday, beating Wall Street forecasts, as demand soared for its combat aircraft and information technology services.
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Planemaker Boeing Co. expects Pentagon  budget cut proposals to hit its top defense programs, the head  of its military business said in a newspaper interview  published on Friday.
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A definite... maybe. Lockheed Martin (nyse: LMT - news - people ) Chief Executive Robert Stevens says the firm hasn&#39;t ruled out bidding on a contract to supply air tankers to the Air Force.
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The Defense Department's major weapons programs have suffered cost overruns in the billions of dollars, years-long delays and quality shortfalls because of poor acquisition practices by the department, according to a report released yesterday by the Government Accountability Office.
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The Pentagon is considering cutting some of its largest programs, including the F/A-22 Raptor, to help bring down the budget deficit during the next few years and offset Iraq war costs, according to congressional and industry sources.
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Lockheed Martin Corp.  has won a contract modification worth $1 billion to build 23 more F-22 fighter aircraft plus one test aircraft, the Pentagon said Tuesday.
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NEW YORK (CBS.MW) - Defense giant Lockheed Martin Corp. on Tuesday reported a sharp increase in third-quarter profit as sales rose in aerospace and most other key segments.
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The Pentagon is planning sharp cuts in  the Air Force's program for its new F/A-22 fighter jet in a  move budget analysts said was intended to offset mounting U.S.  deficits and the growing costs of the Iraq war, Wednesday's New  York Times reported.
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The Pentagon plans sharp cuts in the Air Force's program for the F/A-22, the most expensive fighter jet in history.
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A large Lockheed Martin  contract to build a fleet of helicopters for the president could be in trouble, the Wall Street Journal said on Friday, citing people familiar with the situation.
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Defense contractor Northrop Grumman  Corp. NOC.N said quarterly profit rose 31 percent, helped by  higher government spending on its military equipment and  anthrax-screening products, plus the effect of lower pension  costs.
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Stocks to watch on Monday: LOCKHEED MARTIN CORP. :
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Lockheed Martin Corp. LMT.N, the No.  1 U.S. defense contractor, posted a 41 percent jump in  quarterly profit on Tuesday, beating Wall Street forecasts, as  demand climbed for its combat aircraft and information  technology services.
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Lockheed Martin Corp. LMT.N has   won a five-year, $3.9 billion contract to build a capsule-like   U.S. spacecraft called Orion to take humans back to the Moon   and beyond, the National Aeronautics and Space Administration   said on Thursday.