Oil giant Saudi Aramco [IPO-ARMO.SE] has asked JPMorgan Chase & Co and Morgan Stanley to assist with its mammoth initial public share offer and could call on another bank with access to Chinese investors, a source with direct knowledge of the matter said.
WASHINGTON The cost of Lockheed Martin Corp's stealthy F-35 jet could fall 16 percent to around $80 million in future purchases, according to the Department of Defense's head of the program.
NEW DELHI/WASHINGTON U.S. defense firm Lockheed Martin wants to push ahead with plans to move production of its F-16 combat jets to India, but understands President Donald Trump's administration may want to take a "fresh look" at the proposal.
NEW DELHI/WASHINGTON U.S. defence firm Lockheed Martin wants to push ahead with plans to move production of its F-16 combat jets to India, but understands President Donald Trump's administration may want to take a "fresh look" at the proposal.
WASHINGTON The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon's most expensive program. | Video
WASHINGTON, Feb 3 The U.S. Department of Defense and Lockheed Martin Corp are set to announce a deal worth about $8.5 billion for 90 F-35 jets on Friday, people familiar with the talks said.
NEW YORK/WASHINGTON U.S. defense company shares have largely shrugged off President Donald Trump's criticisms over costs and may be poised to fly higher even with prices at lofty levels.
General Dynamics Corp reported a better-than-expected quarterly profit on higher sales across all its business units, particularly in combat systems, sending shares up more than 3 percent on Friday.
Raytheon Co reported a 1.4 percent fall in quarterly revenue, hurt by slower sales in its units that make missile systems and the tracking and navigation sensors used in aircraft and missiles.
Lockheed Martin Corp beat estimates for fourth-quarter revenue and earnings on Tuesday, but last year delivered fewer-than-forecast F-35 jets, the program that President Donald Trump has criticized program as too expensive.