Doug Cameron

Will Northrop Grumman ever make money on the B-21 bomber program? The jury remains out after a rare company disclosure late Tuesday that it's agreed a framework with the Air Force for pricing on the sale of another 19, on top of the initial 21 contracted that triggered a $1.

Lockheed Martin's 2014 annual report cover featured the Orion space capsule. A decade on, it's the biggest driver of cost growth at NASA, and yet to carry astronauts. A new GAO report says Orion's program costs are now 25.

A General Dynamics facility slated to make artillery shells is part of the Pentagon's $6 billion push to produce more munitions domestically.

The final day of hearings for Australia’s first People’s Commission into the Housing Crisis, convened by Everybody’s Home, will be held today.

U.S. and Europe are building weapons too slowly to meet Ukraine’s battlefield demands, officials say at group’s Washington summit.

Lockheed Martin will start delivering some of the dozens of parked F-35s after the Pentagon agreed to accept jets with an interim software fix that would allow them to be used for training. They won't be combat ready until next year.

Smith & Wesson, the only large listed firearms maker, rose more than 10% in morning trade and bullet maker Ammo gained 18%, giving a jolt to what had been a sluggish sector this year. FBI background checks, a proxy for gun sales, fell 10% in June from a year earlier. Summer is generally a slow sales period, and Smith & Wesson said last month it was discounting to shift some units.

Lockheed Martin lifted its outlook for sales and profit this year, as conflicts in Ukraine and the Middle East and tensions in east Asia fuel robust orders for the defense industry. Lockheed stock (LMT) rose 2.5% after the market opened. It didn’t deliver any F-35s in the first half of this year, compared with 50 in the same period last year, as the Pentagon demanded fixes to technical problems.

As we approach the November election, the mean-spirited divisiveness continues to ramp up. Attitudes and actions may be summed up as follows: I am right, so, obviously you are wrong.

By Doug Cameron November 4, 2024 Citigroup is moving fast to modernise its processes as concerns mount over a possible asset cap.