pentagon

Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect …

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Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

pentagon

Lockheed seals services deal with Leidos, forecasts profit below view

By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the stock recovered after Lockheed officials reassured analysts they still expected rising sales and earnings in coming years. Lockheed was

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Lockheed seals services deal with Leidos, forecasts profit below view

pentagon

U.S. jobless claims near 42-year low as labor market tightens

The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the week ended Dec.19, not far from levels last seen in late 1973, the Labor Department said on Thursday. Claims have been below 300,000, a threshold associated with a

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U.S. jobless claims near 42-year low as labor market tightens

pentagon

Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses

By Nate Raymond NEW YORK (Reuters) – Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis. Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the…

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Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses

pentagon

Northrop wins $93 million deal to build drone for smaller warships

Northrop Grumman Corp has won a contract worth $93.08 million to build a full-scale demonstrator of a new unmanned spy plane – a flying wing with large counter-rotating propellers – that would take off and land on destroyers and frigates, the Pentagon said on Thursday. Northrop has been working on a design for the…

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Northrop wins $93 million deal to build drone for smaller warships