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The Department of Defense’s priorities for the next five years call for protected and prioritized investments in weapon technology and new capabilities.
Lockheed Martin Corporation
Northrop Grumman Corporation
General Dynamics Corporation
Huntington Ingalls Industries, Inc.
Booz Allen Hamilton Holding Corporation
Elbit Systems Ltd.
FLIR Systems, Inc.
Science Applications International Corporation
Mercury Systems, Inc.
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Space industry heavyweight Northrop Grumman has signed a customer for the launch of its first OmegA rocket, a medium/heavy-lift launch vehicle that it's currently readying for flight with a target of spring 2021 for its first-ever flight. OmegA will unlock additional payload capacity versus the launch systems that Northrop Grumman has developed and flown previously, with the primary goal of being able to serve the interests of the company's top customers -- defense and national security agencies. OmegA's development has been funded in part through U.S. government contracts, including a $792 million Launch Services Agreement it signed with the U.S. Air Force to finish the rocket's design, as well as to furnish and prepare the launch sites from which it'll take off.
Today we'll take a closer look at Science Applications International Corporation (NYSE:SAIC) from a dividend...
Heico's (HEI) end markets, primarily consisting of commercial aerospace, defense and space, remain healthy and are expected to boost Q4 results.
In 2011 Mike Petters was appointed CEO of Huntington Ingalls Industries, Inc. (NYSE:HII). First, this article will...
(Bloomberg) -- The Pentagon must press Lockheed Martin Corp. to recoup fees paid to the No. 1 defense contractor for F-35 parts that weren’t ready to use in the planes after delivery to the military, according to the planned defense policy bill for this fiscal year.“Consistent with the findings and recommendations” of the Pentagon inspector general in a June report, the Pentagon “shall seek relief” for delivery of “non-compliant ready-for-issue spare parts pursuant to a contract under the F–35 aircraft program,” lawmakers said in the policy report for the $738 billion authorization measure.The House is expected to approve the conference report on the measure (S. 1790) as early as Wednesday, sending it to the Senate for final passage.Lockheed failed to supply ready-to-install spare parts, from wheels and tire assemblies to seats -- and may have been overpaid as much as $10.6 million, according to the inspector general.The parts were considered inadequate for installation not because of safety or manufacturing problems but because they were delivered without the required log of electronic data needed by maintenance crews, containing information such as a part’s history and its remaining useful life, according to the report. Parts aren’t supposed to be installed without the data.Pentagon F-35 spokesman Greg Kuntz said in a statement that the program office and the Defense Contract Management Agency have collected data from Lockheed for an analysis that could serve as a basis for negotiations with the company. “The program office in coordination with the DCMA will make a determination early next year on potential compensation for previous” noncompliant parts, he said.Lockheed Martin spokeswoman Carolyn Nelson said in a statement that the company “was paid in accordance with the contractual agreements. The contract payments referenced in the report are calculated on a number of factors, including some that are controlled by the U.S. Government and are outside of Lockheed Martin’s control.”To contact the reporter on this story: Tony Capaccio in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Bill Faries at email@example.com, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
(Bloomberg) -- A U.S. judge voiced concern that it would be risky to end electronic location monitoring for two engineers awaiting criminal trials on charges they stole trade secrets from Apple Inc.’s autonomous-driving project for new jobs in China.U.S. District Judge Edward Davila seemed skeptical at a hearing Monday of a recommendation by the office that supervises defendants on bail to discontinue monitoring for the two men in light of their compliance with other conditions of their release.“I do have continued concerns about their release from location monitoring,” the judge told lawyers. He didn’t issue an immediate ruling. Prosecutors previously said a search of the Maryland home of one of the ex-Apple engineers turned up a classified file from the Patriot missile program that belonged to his ex-employer, Raytheon Co.“The government fears that if the conditions of location monitoring are removed these defendants will flee and once they are gone, they are gone,” prosecutor Marissa Harris told the judge Monday.Read More: U.S. Says Accused Apple Secrets Thief Had Patriot Missile FileTo contact the reporter on this story: Peter Blumberg in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: David Glovin at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today we'll evaluate Lockheed Martin Corporation (NYSE:LMT) to determine whether it could have potential as an...
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(Bloomberg) -- When U.S. prosecutors charged an Apple Inc. engineer in January with stealing trade secrets for a Chinese startup, a search of his home turned up something else, they said: a classified file from the Patriot missile program that belonged to his ex-employer, Raytheon Co.The discovery has added a striking national security wrinkle to an otherwise routine corporate espionage case, and the government says it merits keeping Jizhong Chen under close scrutiny.The Patriot document was discovered among numerous electronic devices and paper files from Chen’s former employers including General Electric -- some of which were stamped “confidential,” according to prosecutors.Chen, a U.S. citizen who was arrested on his way to catch a flight to China, is awaiting trial on charges that he collected photos, schematics and manuals from his work on Apple’s tightly guarded self-driving car project as he prepared to take a job with an unidentified rival.He has pleaded not guilty and remains free on $500,000 bail. But prosecutors argue the stash of sensitive data found in Maryland justifies subjecting him to location monitoring with an electronic device so he doesn’t disappear before his trial.Lawyers representing Chen and a second former Apple engineer facing similar charges -- who is also fighting prosecutors over the need for location monitoring -- contend the government is exaggerating the risk they’ll try to flee.The 2011 document relating to one of Raytheon’s best-known weapons was so secret that it “was not (and is not) permitted to be maintained outside of Department of Defense secured locations,” prosecutors said in an Oct. 29 filing that hasn’t previously been reported on by the media. Chen “has, for over eight years, illegally possessed classified national security materials taken from a former employer.”How a classified document ended up at an engineer’s home raises provocative questions, but they’re unlikely be answered in open court at a hearing set for Monday. A prosecutor and an attorney for Chen both declined to comment ahead of the hearing. A Raytheon spokeswoman didn’t respond to a request for comment.Read More: Tesla to Apple: Help Us Nail Robocar-Secrets Thief at China FirmAfter prosecutors first raised concerns about the evidence they found in Maryland, a magistrate judge agreed in March to extend an electronic monitoring requirement to give the government time to investigate. She finally ordered an end to the monitoring in October -- and prosecutors are now asking a district judge to overrule her.Lawyers for Chen say prosecutors have had enough time to present further evidence of criminal conduct. They also note that the federal office that supervises defendants on probation has concluded monitoring is no longer necessary because Chen has complied with all the conditions of his release and found full-time employment.Daniel Olmos represents both Chen and Zhang Xiaolang, who also worked on Apple’s autonomous driving project before he was arrested in July 2018 and accused of trying to take the company’s trade secrets to China-based XMotors. The lawyer makes an argument that goes to the heart of the cases against both men: There’s no evidence that Apple’s intellectual property was shared with a third party. That’s significant because possession of the information alone isn’t necessarily a crime.Olmos also contends that each of the engineers has strong ties in the U.S. and the trips they were about to take to China when they were arrested were planned for the purpose of visiting relatives, not escaping prosecution.“The government’s argument that Mr. Zhang poses a flight risk because he is a Chinese citizen is insufficient to warrant GPS monitoring,” Olmos said in a filing. “Mr. Zhang has full-time employment, a new family, and no travel documents.”The cases are U.S. v. Chen, 19-cr-00056, and U.S. v. Zhang, 18-cr-00312, U.S. District Court, Northern District of California (San Jose).To contact the reporters on this story: Peter Blumberg in San Francisco at firstname.lastname@example.org;Robert Burnson in San Francisco at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Anthony Lin, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Huntington Ingalls (HII) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
How far off is Northrop Grumman Corporation (NYSE:NOC) from its intrinsic value? Using the most recent financial data...
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Mercury Systems, Inc. (NASDAQ:MRCY), which is in the aerospace & defense business, and is based in United States, saw...