U.S. markets were rebounding at midday from yesterday's big tech selloff caused by advances in artificial intelligence by a Chinese startup.
The latest charges raise Lockheed’s historic losses to $1.4 billion on the classified program in M&FC. All losses reported so far on the classified Aeronautics program now add up to $825 million.
Nvidia rises following a deep selloff in artificial-intelligence stocks, General Motors posts better-than-expected adjusted earnings but the stock tumbles, and Boeing reports a fourth-quarter core loss of $5.
Boeing stock is the best Dow Jones stock Tuesday as a positive cash flow outlook offsets a fourth-quarter miss.
NASA’s commercial partners defended the Artemis moon mission plans Wednesday amid the specter of changes from the new Trump administration.
The USAF has announced a new $7 billion cash injection into its next-generation adaptive propulsion (NGAP) program.
The U.S. Air Force has dramatically plussed-up contracts with General Electric and Pratt & Whitney, both of which now have a ceiling of $3.5 billion, to continue work on prototype next-generation jet engines.
Defense and aerospace majors Boeing (NYSE:BA), Raytheon (NYSE:RTX) and Lockheed Martin (NYSE:LMT) are scheduled to announce their Q4 earnings results on Tuesday, January 28th, before market open.
LMT clinches a contract to install cutting-edge infrared threat detection sensors on the F-22 Raptor Aircraft.
Analyst Gautam Khanna from TD Cowen maintained a Buy rating on Lockheed Martin (LMT – Research Report) and decreased the price target to
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Leaders at Boeing Co. have been struggling to turn the company around after years of bad headlines. Now, some investors are hoping they’ll look to a new tactic: selling some of its businesses, which could shore up the company’s balance sheet and lift the stock from its doldrums.