Defense Contractors

The shares of major U.S. defense contractors have been on a downward spiral due to a global military boom that has seen European counterparts’ stock prices soar. This decline in the U.S. defense industry is largely attributed to the legislative deadlock in Washington, which has created...

The Pentagon’s pursuit of advanced weaponry to counter global threats is facing a roadblock as major defense contractors are shying away from projects that could potentially lead to financial losses. What Happened: The reluctance of defense contractors to take on high-risk Pentagon projects...

The Russian invasion of Ukraine brought new headwinds for the market. Namely, the sanctions on oil and energy exports from Russia pushed the cost of energy to new highs throughout the world. But, not everyone loses in wartime. Defense contractors have had a great year. Stocks...

When United Parcel Service, Inc. (NYSE: UPS) last October made its first medical delivery by drone, it may have finally begun what drone advocates have been touting for a decade — a new era when unmanned flights may become just as normal as those in aircraft with pilots. There are a couple of...

Navistar International Corp (NYSE: NAV) is accused in a newly unsealed whistleblower lawsuit of cheating the government of more than $1 billion by inflating the cost of military vehicles. The lawsuit, filed in 2013 but unsealed by the U.S. District Court in Washington, D.C. on Tuesday, seeks $1.28...

Harris Corporation (NYSE: HRS) and Elbit Systems Ltd. (NASDAQ: ESLT) announced a $350-million deal Friday for Elbit to acquire Harris' night vision business. What Happened The sale is predicated on the completion of Harris' recent proposed merger with L3 Technologies, Inc. (NYSE: LLL), as...

Cowen gave four reasons for its newly bullish stance on Lockheed Martin Corporation (NYSE: LMT) Wednesday.  The Analyst Cowen's Cai von Rumohr upgraded Lockheed Martin from Market Perform to Outperform with an unchanged $370 price target. The Thesis The case for buying the maker...

Shares of Nano Dimension (NASDAQ: NNDM) gained more than 100 percent in value Monday morning in reaction to an encouraging development with the Department of Defense and other federal agencies.  What Happened Israel-based Nano Dimension said Monday that its American subsidiary achieved...

Defense hardware stocks have surged above the S&P 500 for six consecutive years, but Credit Suisse thinks they’re about to run aground. The Ratings Analyst Robert Spingarn downgraded the sector from bullish to neutral and cut the following price targets: BWX Technologies Inc (NYSE:...

We’re months away from the annual budget deadline, and if Congress and President Donald Trump fail to appropriate funds, government departments won’t be able to spend money. This means contractors won’t get paid. “If the budget debate gets ugly, which is a clear possibility...

British and European-based banks saw their stocks collapse immediately following the "leave" side emerging victorious in the Brexit vote. The question many investors are still asking is what effect the voting outcome will have on other sectors. Analysts at Barclays took a deep dive into the...