Aerospace & Defense

The CNN Money Fear and Greed index remained in the "Extreme Greed" zone on Monday. The Dow Jones recorded gains for the sixth straight session on Monday, and settled at its highest level in 2023. On the economic data front, the NY Empire State Manufacturing Index fell by 5.5 points from...

(Monday market open) Earnings season spreads its wings this week with reports from several giant banks and a mega-cap company on the schedule, along with a dose of consumer-oriented retail sales and housing data. Today’s calendar is light, but things liven up the next few days as ...

(Tuesday market open) An uneventful start to the week belies the excitement ahead. Inflation data and earnings season loom, with tomorrow’s Consumer Price Index (CPI) representing the opening salvo. There’s a strong likelihood that Wednesday’s eagerly awaited June...

Lawmakers have reportedly warned against L3Harris Technologies Inc (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) merger deal. U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers, who have urged the Defense...

Lockheed Martin Corp (NYSE: LMT) reportedly raised concerns over L3Harris Technologies Inc's (NYSE: LHX) acquisition of Aerojet Rocketdyne Holdings Inc (NYSE: AJRD). Lockheed's chief operating officer, Frank St John, told Reuters that Lockheed, Aerojet...

Lockheed Martin Corp (NYSE: LMT) and GlobalFoundries Inc.  (NASDAQ: GFS) disclosed a partnership to drive manufacturing and innovation of semiconductors and boost domestic supply chains for U.S. national security systems. Both companies will build a chiplet ecosystem to...

Lockheed Martin Corp.'s (NYSE: LMT) business unit, Missile and Fire Control, clinched a contract involving Joint Air-to-Surface Standoff Missile (JASSM). The award has been offered by the Air Force Life Cycle Management Center, Eglin Air Force Base, FL. Valued at $750.6 million, the contract is...

Needham analyst Alex Henderson initiated coverage on Luna Innovations Inc (NASDAQ: LUNA) at a Buy rating with a price target of $10. The analyst believes in LUNA's strategy of building a robust diagnostics business around fiber technologies.  Henderson cites LUNA's...

Benzinga First Republic Folds As Banking Crisis Claims Third Victim: JPMorgan To Buy Deposits, Assets The First Republic Bank (NYSE: FRC) saga is winding to a close, with the Federal Deposit Insurance Corporation confirming the shuttering of the bank and the sale of its assets to...

Lockheed Martin Corp (NYSE: LMT) has secured a ~$7.8 billion contract modification from the U.S. Navy. The modification exercises options for the production and delivery of 126 Lot 17 F-35 aircraft to include 81 F-35A aircraft, 26 F-35B aircraft and 19 F-35C. It also exercises...

The Nasdaq Composite closed slightly higher on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go...

Credit Suisse analyst reiterated an Outperform rating on the shares of Lockheed Martin Corp (NYSE: LMT) and raised the price target from $510 to $550. The company reported Q1 results above Street view across all major line items, including sales, EBIT, EPS, and free cash...

Morgan Stanley raised the price target for Align Technology, Inc. (NASDAQ: ALGN) from $314 to $383. Morgan Stanley analyst Erin Wright maintained an Overweight rating. Align Technology shares fell 0.9% to $345.00 in pre-market trading. Goldman Sachs cut the price target for The Mosaic Company (...

Benzinga Elon Musk Drops Bombshell: US Intel Agencies Were Reading Your Twitter DMs Elon Musk has alleged that the previous management of Twitter permitted U.S. and foreign intelligence agencies to access users’ direct messages on the platform. In an interview with Fox News...

Lockheed Martin Corp (NYSE: LMT) reported a first-quarter FY23 net sales growth of 1.1% year-over-year to $15.13 billion, above the consensus of $15.04 billion. Adjusted EPS of $6.43 topped the consensus of $6.06. The gross margin expanded 77 bps to 13.5%. The operating profit...