Boeing will sue the country of Denmark over lack of access to documents used to make a decision to choose rival Lockheed Martin’s F-35 plane over Boeing’s F/A 18 Super Hornet. “Boeing has filed a lawsuit against the Ministry of Defence because the ministry has not responded to the request for access to the documents which are the foundation for the evaluation in the competition for the fighter jets,” Boeing said in statement.
Category: Lockheed Martin
For Boeing Chief, How Cozy Is Too Cozy in Access to Trump
Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump.
Trump to Bring Down Price of Wall on Mexico’s Border
President Donald Trump pushed back early on Saturday on assertions that the wall he wants built on the U.S. border with Mexico would cost more than anticipated and said he would reduce the price. Trump made his comments in two Twitter posts but did not say how he would bring down the cost of the wall.
Is Lockheed Martin’s F-35 Just a Dud?
But the Pentagon might want to rethink whether it wants to buy the fighter at all. That’s the upshot of a new report out of the Pentagon’s Directorate of Operational Test and Evaluation .
U.S. Said to Plan Announcement of $8.2 Billion F-35 Contract
The White House is planning to announce on Friday a contract for 90 F-35 jets from Lockheed Martin Corp. valued at as much as $8.2 billion, according to a source familiar with the plan who asked not to be identified. The contract represents the 10th and latest tranche in a $379 billion program, the Pentagon’s most expensive, which has come under fire by President Donald Trump for “out of control” costs.
Lockheed Martin’s Stock Falls After Downbeat Outlook Offsets Profit And Sales Beat
Lockheed Martin Corp.’s stock shed 1.4% in premarket trade, after the aerospace and defense contractor beat fourth-quarter profit and sales expectations but provided a downbeat profit outlook. Earnings rose to $988 million, or $3.35 a share, from $933 million, or $3.01 a share, in the same period a year ago.
Trade Idea: A Bear Call Spread on Boeing
Boeing reports this Wednesday morning prior to the opening bell at 11 Wall Street. In fact, in this busy week for quarterly earnings releases, not only does Boeing report, but so do just about all of Boeing’s competitors.
Risking Downgrades; Valuing Banks on Earnings: Jim Cramer’s Best Blog
Jim Cramer ponders how too few stocks are doing too much in the Dow’s race to 20,000 and how there isn’t enough GANG to go with all the FANG. Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
Trump Tweets Against Lockheed’s F-35: Here Are the Facts
By now you’ve all heard about President-elect Donald Trump and his government-by-tweet initiatives to get Boeing BOEING’S F/A-18 fighter jet. Is it really comparable to Lockheed Martin’s F-35? IMAGE SOURCE: U.S. NAVY .
Lockheed Martin’s (Non-Trump) Headwinds
This commentary originally appeared on Real Money Pro at 9:00 a.m. on Dec. 23. Click here to learn about this dynamic market information service for active traders. Lockheed Martin has been under pressure for the past few weeks because of tweets by President-elect Donald Trump.
“Naked” Zumwalt Destroyer Will Now Wield Raytheon’s Excalibur
The U.S. Navy’s new Zumwalt -class destroyer is a marvel of engineering. Bigger than any destroyer currently in the fleet — bigger even than our Ticonderoga -class cruisers — USS Zumwalt was built with angled features that give it a stealth profile.
Another Trump tweet jab, again in the defense sector
Shares of Boeing and Lockheed Martin slipped in early trading a day after a tweet from President-elect Donald Trump appeared to pit the two giants in the defense industry against one another to lower prices for government contracts. During his campaign, Trump lambasted Ford for beefing up operations abroad.
Trump Tweet Sends Lockheed Shares Down, Boeing Shares Rising
Shares of Lockheed Martin Corp. declined in the extended session Thursday while shares of Boeing Co. advanced following a tweet by President-elect Donald Trump about cost overruns for Lockheed’s F-35 fighter.
Trade Defense Stocks After a Gap Higher, a Slump — and Trump Uncertainty
Defense and infrastructure spending is likely to be on the rise in 2017, and defense stocks General Dynamics, Lockheed Martin and Northrop Grumman could benefit. General Dynamics , Lockheed Martin and Northrop Grumman gapped higher in tandem on Nov. 9 following the election victory by Donald J. Trump.
Trump Summons Contractors, Officers to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.