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Mike Stone

Feb 22 2017

Saudi Aramco recruits JPMorgan, Morgan Stanley for IPO, HSBC a contender: source

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.

Feb 16 2017

Lockheed F-35 jet cost could drop 16 percent: Pentagon official

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.

Feb 09 2017

Exclusive: Lockheed says U.S. may take 'fresh look' at its India F-16 plan

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.

Feb 09 2017

Exclusive - Lockheed says U.S. may take 'fresh look' at its India F-16 plan

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.

Feb 03 2017

Lockheed, Pentagon announce $8.5 billion F-35 order

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

Feb 03 2017

Lockheed to announce $8.5 billion F-35 order on Friday-sources

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.

Jan 31 2017

U.S. defense shares shrug off Trump criticism, set for further gains

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.

Jan 27 2017

General Dynamics profit beats Wall St; shares jump 3 percent

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.

Jan 26 2017

Missile maker Raytheon's sales fall 1.4 percent, shares drop

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.

Jan 24 2017

Lockheed tops estimates in fourth quarter, warns of Sikorsky problems

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.

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