Pentagon to Delay Lockheed Payments
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$283M in potential payments for military aircraft will be delayed to push the company to meet goals on the program. -Ellen McCarthy
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Transportation secretary agrees to delay decision on $900 million in federal funding for Va. project.
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A $3.1 billion debt sale to pay for  the buyout of General Motors&#39; Allison Transmission unit  has been postponed, the Wall Street Journal said on its Web  site on Monday, citing an unnamed source.
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Cost overruns won't endanger Northrop Grumman's latest surveillance aircraft program, but federal budget cuts will likely hamper future defense contracts.
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Dell said Thursday it would delay filing its quarterly report with securities regulators because of investigations into accounting practices.
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Lockheed Martin Corp.   has received two U.S. Air Force contracts totaling &#36;716 million to continue work on its F/A-22 Raptor fighter jet, designed to be the world's most capable, amid reports the &#36;72 billion program may be scaled back sharply, the company said Friday.
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Defense Secretary Donald Rumsfeld  vowed on Tuesday to prevent a repeat of the case of a former  top Air Force arms buyer who steered billions of dollars in  contracts to Boeing Co. before taking a $250,000-a-year job  with the company.
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The US Army on Tuesday appeared to reverse a decision to stop paying a portion of Halliburton Co.&#39;s (HAL.N: Quote, Profile, Research) bills in Iraq and gave the company more time to resolve a billing dispute.
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Dell said Monday that it would delay the filing of its 10-Q report with the Securities and Exchange Commission, possibly setting the company up for a delisting notice by the NASDAQ in the coming days.
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Halliburton HAL.N said on Monday  the U.S. Army had decided to give the company more time to  resolve a billing dispute before withholding payment of up to  15 percent of the company's bills in Iraq and Kuwait.
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Electronic Data Systems Corp. (EDS) could be facing more rough waters with its $8.8 billion U.S. Navy contract, as the IT services provider delayed release of its third-quarter results on Monday pending a review of the value of its assets used on the deal.
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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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Dell Inc  said on Thursday it is delaying its fiscal 2008 second-quarter report until it has completed a financial restatement process.
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Electronic Data Systems Corp. on Monday said it will delay reporting its third-quarter financial results until Nov. 3 to evaluate whether the company needs to impair assets related to its Navy Marine Corps intranet account.
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A continuing review of its troubled Navy/Marine Corps Intranet contract forced embattled services provider EDS to again delay its third-quarter financial report.
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The US military may have to delay its shootdown of an out-of-control spy satellite planned for Wednesday due to bad weather, a senior military official said.
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The United States has proposed delaying the activation of parts of its European missile defense shield if Russia cooperates on the project, U.S. Defense Secretary Robert Gates said on Tuesday.