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☆ The 15 employers US engineering students most want to work for
▼ + stars: | 2024-06-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Around 1 in 5 US engineering students in a survey chose Lockheed Martin as an ideal employer. 1 employer on Universum's new ranking using what engineering students said. AdvertisementWhile the labor market is looking tough for job seekers, some US engineering students are thinking about hopefully landing work at Lockheed Martin, GE Aerospace, or Nvidia one day. These places ranked highly on a new ranking about the employers US engineering students most want to work for. This story is available exclusively to Business Insider subscribers.

Persons: Lockheed Martin, Tesla, — Organizations: Lockheed, General Motors, Apple, Service, GE Aerospace, Nvidia, Business

☆ Boeing’s Starliner crew prepares for Wednesday launch
▼ + stars: | 2024-06-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —The latest attempt at an inaugural crewed launch of Boeing’s Starliner spacecraft is on track for Wednesday after a computer issue halted the countdown just moments before liftoff on Saturday. The historic mission, called the Crew Flight Test, is set to launch at 10:52 a.m. Teams safely extracted the astronauts from the capsule, and Williams and Wilmore returned to crew quarters as fuel was drained from the rocket. Boeing's Starliner spacecraft sits atop a United Launch Alliance Atlas V rocket at Cape Canaveral Space Force Station in Florida on May 31. Veteran NASA astronauts Butch Wilmore (left) and Suni Williams are seen on Saturday prior to Starliner's second launch attempt.

Persons: Butch Wilmore, Suni Williams, Lockheed Martin, Williams, Wilmore, Joe Raedle, ”, Tory Bruno, “, it’s, Bruno, Starliner, Joe Skipper Organizations: CNN, Cape Canaveral Space Force, Veteran NASA, Atlas, United Launch Alliance, Boeing, Lockheed, NASA, Atlas V, cumulus, Weather Squadron, International Space Station, Reuters Locations: Florida, United States

☆ Boeing and NASA call off Starliner crew launch minutes before liftoff
▼ + stars: | 2024-06-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Boeing 's first Starliner flight with astronauts on board was called off in the final minutes on Saturday. Holds in a rocket launch countdown – as well as "scrubs," indicating a launch delay – are a common occurrence in the industry. Two NASA astronauts are aboard the Starliner capsule, which would be carried by United Launch Alliance's Atlas V rocket to the International Space Station. Depending on the cause of the launch scrub, Boeing and NASA can reschedule the launch for another attempt 24 hours later, or target alternative launch dates of June 5th or June 6th. Saturday's crew flight test represents the final major step before receiving NASA certification to begin regular missions.

Persons: Lockheed Martin Organizations: United Launch Alliance, Boeing, International Space Station, NASA, United, Lockheed Locations: Florida, ULA

☆ Boeing, NASA cancel Starliner launch attempt scheduled Sunday after failed Saturday take-off
▼ + stars: | 2024-06-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Boeing's Starliner spacecraft atop the United Launch Alliance Atlas V rocket rolls out in Florida on Thursday, May 30, 2024. Leaders from Boeing, NASA and the United Launch Alliance, or ULA, held a press conference later Saturday afternoon to provide updates on the malfunction and the status of the next launch attempt. "The disappointment lasts for about three seconds," said Mark Nappi, Vice President and Program Manager of Boeing's Commercial Crew Program. Holds in a rocket launch countdown – as well as "scrubs," indicating a launch delay – are a common occurrence in the industry. Two NASA astronauts are aboard the Starliner capsule, which would be carried by United Launch Alliance's Atlas V rocket to the International Space Station.

Persons: Boeing's, Mark Nappi, ULA, Tory Bruno, Lockheed Martin Organizations: United Launch Alliance, International Space Station, Boeing, NASA, United, Lockheed Locations: Florida, ULA

☆ A brand-new F-35 crashed into a New Mexico hillside while flying from a Lockheed Martin facility to a US airbase
▼ + stars: | 2024-05-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

A new F-35B crashed in Albuquerque, New Mexico, on Tuesday, leaving its pilot injured. The jet was a new model being transferred from a Lockheed Martin facility to the US military, per reports. F-35s have been reported to cost up to $135 million each, but it's unclear how much this one was worth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn F-35B Lightning II fighter jet crashed near the Albuquerque International Sunport in New Mexico on Tuesday, and its pilot has been seriously injured, local authorities said.

Persons: Lockheed Martin, —, Jason Fejer Organizations: Lockheed, Service, Albuquerque, Fire, Albuquerque Fire, Business Locations: Albuquerque , New Mexico, New Mexico, Albuquerque

☆ F-35s are going to be a 'game-changer' for US Navy amphibious assault ship and former 'Harrier carrier' USS Bataan, senior officer says
▼ + stars: | 2024-05-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

The amphibious assault ship, currently docked in New York City for Fleet Week 2024, will undergo work to carry F-35B Lightning II fighter jets. The upgrade will be "game-changer" for the capabilities and future operations of the ship, a senior officer said. AdvertisementAn F-35B Lightning II fighter aircraft sits on the flight deck of the Wasp-class amphibious assault ship USS Essex. Ken Kalemkarian/releasedThe idea of a lightning carrier has roots in the "Harrier carrier" concept, which the Bataan notably employed in Iraq in 2003. Two U.S. Air Force F-35A Lightning II aircraft operate alongside amphibious assault ship USS Bataan (LHD 5) and guided-missile destroyer USS Thomas Hudner (DDG 116) in the Gulf of Oman, Aug. 17, 2023.

Persons: —, it'll, Gerald R, Ford, Trace, Chandler Harrell, Brian Cavanaugh, Cpl, Ken Kalemkarian, Thomas Hudner, Cavanaugh, Lockheed Martin Organizations: Service, Bataan, Fleet, Business, US Navy, Marine Forces Command, US Navy Nimitz, Attack Squadron, Marine Corps Air, U.S . Air Force, US, USS, Lockheed Locations: New York City, Bataan, Essex, Yuma, Ariz, Iraq, China, Australia, Japan, South Korea, Gulf of Oman, USS America

☆ Take a look at the 'Mighty Dragon,' China's $120 million stealth fighter meant to rival the US Air Force's fifth-gen jets
▼ + stars: | 2024-05-17 | by ( Marielle Descalsota | Lauren Frias | ) www.businessinsider.com time to read: +1 min

The Chinese jet has drawn comparisons to the F-35 since the jets were locked in military encounters in 2020. The Chengdu J-20 and the Lockheed Martin F-35. Ju Zhenhua/Xinhua/Getty Images; rancho_runner/iStock /Getty Images PlusThe F-35 jet was introduced to the US military in July 2015. There are three variants of the jet: the conventional takeoff and landing F-35A, the short takeoff and vertical landing F-35B, and the carrier-based F-35C. Lockheed Martin touts the F-35 as the "most advanced fighter jet in the world," with very low observable stealth, advanced sensors, information fusion, and network connectivity.

Persons: Lockheed Martin, Ju Zhenhua, Kenneth Wilsbach, Wilsbach Organizations: Lockheed, Getty, US Air Force, China Morning Post, US Pacific Air Forces Locations: Chengdu, Xinhua, East

☆ Campus protests have called for schools to divest from Israel. Here's how that would actually work
▼ + stars: | 2024-05-17 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

One constant refrain at these protests is the call for college endowment funds to divest from Israel and the many American companies that do business there. Tech companies such as Google and Amazon and defense contractors such as Boeing and Lockheed are on that list. "These endowments are famously opaque," said Alison Taylor, clinical associate professor at New York University's Stern School of Business. However, many universities have ignored the calls to divest from Israel or companies that do business there. Watch the video above to learn more about how divesting from Israel and companies who do business there would actually work, and how it would affect the tens of billions of dollars at stake in college endowment funds.

Persons: Alison Taylor, University's, Witold Henisz, there'll Organizations: Tech, Google, Boeing, Lockheed, University's Stern School of Business, University of California, Universities, The Wharton School, University of Pennsylvania Locations: Israel, New, Berkeley

U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. On top of that, the National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. A big chunk of that money will go to bolster the American defense industry. So where does the U.S. send military aid and personnel and how does defense spending affect the world at large?

Persons: Joe Biden, Gregory Hayes, CNBC's, Lockheed Martin, RTX, Northrop Grumman Organizations: National Defense, U.S, Dynamics, Boeing, Northrop, Northrop Grumman —, of Defense, Congressional Research Service Locations: Ukraine, Israel, Taiwan, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the U.S. spends trillions being the world's 'top cop'President Joe Biden signed a $95 billion military aid package in April 2024, including funds for Ukraine and Israel. Military spending often bolsters the U.S. defense industry. The five largest U.S. defense companies, Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman, had Department of Defense contracts totaling more than $118 billion in fiscal year 2022. Watch this video to learn more about where the U.S. sends military aid and personnel and the global impact of defense spending.

Persons: Joe Biden, Lockheed Martin, RTX, Northrop Grumman Organizations: Military, U.S, Lockheed, Dynamics, Boeing, Northrop, of Defense Locations: U.S, Ukraine, Israel

☆ 2. Anduril Industries
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

As the U.S. military modernizes and new aerial threats have defined recent wars, defense technology company Anduril Industries is getting ahead with a tech-smart, Silicon Valley approach in selling to the Pentagon, recently introducing several new AI-powered drones, and supplying Ukraine. Anduril has emerged as a disruptor to traditional contractors such as Lockheed Martin, Raytheon and Northrop Grumman and a competitor to several defense unicorns such as Shield AI and Epirus. The company is getting ahead in the defense sector by proactively financing its own research and product development, and then making sales — a departure from the standard military contract-and-then-build process. Loaded with venture capital funding from major investors Andreessen Horowitz, Founders Fund and General Catalyst, Anduril is on a fast track. Last year, Anduril launched several new drones that rely on its Lattice AI-powered command and control software used by the U.S. military and allies to direct human-assisted robotics systems to perform complex missions.

Persons: Anduril, Lockheed Martin, Northrop Grumman, Palmer Luckey, Brian Schmipf, Andreessen Horowitz, Catalyst Organizations: Anduril Industries, Pentagon, Lockheed, Raytheon, Northrop, VR, Facebook, Founders Fund, U.S . Locations: Ukraine

☆ Behind the curtain of the global arms trade
▼ + stars: | 2024-05-14 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +7 min

In his new book, "Nothing Personal: The Back Office of War," photographer Nikita Teryoshin lifts the veil on the global arms trade, capturing defense exhibitions worldwide. Closed to the public, his series offers a rare inside look into the lucrative global arms industry. Guests, politicians, and traders watch a live demonstration of warfare at the International Defense Exhibition in Abu Dhabi. After the construction and the oil and gas sectors, the global arms trade is one of the most corruption-prone sectors in the world, according to Transparency International. By contrast, the international trade of bananas is more tightly regulated than the arms trade, according to the introductory note of the United Nations Arms Trade Treaty.

Persons: Nikita Teryoshin, Teryoshin, Rafael, KAI, Lockheed Martin Organizations: Business, International Defense, Bofors, International Defense Industry, International Defense Exhibition, Rafael Advanced Defense Systems, United Nations Arms, Black Eagles, Nikita, Kalashnikov, Lockheed Locations: East, Ukraine, France, Paris, United States, China, Abu Dhabi, Russia, India, Poland, UAE, Saudi Arabia, Peruvian, Lima , Peru, Korean, Seoul

☆ Citi makes the bull case for defense stocks and gives its favorite picks
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Wall Street is under-appreciating the growth outlook for the defense sector, according to Citi. Nonetheless, Citi remains confident in "the bull case for defense." Defense companies historically trade at a premium to the rest of the market when defense budgets grow, Gursky said. Here are some of Citi's favorite defense picks, all of which have a buy rating from the bank. Citi's $525 price target implies almost 12% upside from Friday's close.

Persons: Jason Gursky, Gursky, Leidos, Lockheed Martin Organizations: Citi, P Aerospace, Defense, Citigroup, Leidos Holdings, Lockheed, SAIC, International Corps Locations: Friday's

CNN —As one of the lead negotiators for students protesting inside the grounds of Columbia University, Mahmoud Khalil said his primary objective was to get the university to sever all financial ties with Israel. Khalil said Columbia never put anything in writing, instead making offers verbally. But without a firm promise, Columbia’s offer didn’t go far enough for Khalil and other protesters, since the university had previously rejected divestment proposals. Khalil said they then presented Columbia with another offer: Rather than dump Israel-tied investments, Columbia could instead divest from weapons manufacturing companies and any companies complicit in violating international law. NYPD officers in riot gear march onto Columbia University campus, where pro-Palestinian students are barricaded inside a building and have set up an encampment, in New York City on April 30, 2024.

Persons: Mahmoud Khalil, “, Israel, …, ” Khalil, Khalil, Columbia, Brown, Minouche Shafik, Lockheed Martin, Kena Betancur, ”, Shafik, Ben Sasse, it’s, Columbia’s, Lee Bollinger, Bollinger, Stephanie Keith, Columbia College –, Hedge, Leon Cooperman, Cooperman, Robert Kraft, Luigi Zingales, Zingales, ” Shafik, he’s, “ There’s Organizations: CNN, Columbia University, Brown University, Columbia, Dynamics, Caterpillar, West Bank, Columbia University campus, Getty Images Columbia, New York Police Department, Jewish, Northwestern University, CNN’s, Union, Sunday, University of Florida, Columbia Daily Spectator, Human Rights Watch, Israel’s Ministry of Foreign Affairs, Defamation League, University, Columbia College, ”, New England Patriots, University of Chicago’s Booth School of Business, Times Locations: Israel, Columbia, Gaza, Palestinian, New York City, AFP, CNN’s “ State, South Africa, United States, ”

☆ CNN gets a rare look at the Iranian missiles and drones that hit Israel
▼ + stars: | 2024-05-01 | by ( Fred Pleitgen | ) edition.cnn.com time to read: +7 min

But he’s more than happy to show the missiles and drones Iran used in its first ever attack against Israel launched directly from Iranian soil. Iran’s attack on Israel included drones, ballistic missiles and cruise missiles. “NATO, The United States and Arab countries of the region wanted to create barriers for our drones, missiles and cruise missiles, but they failed,” Belali says. Israel Defense Forces (IDF) spokesperson Daniel Hagari said that ballistic missiles that reached Israel fell on the airbase and caused only light structural damage. Shahed attack drones on an unmarked truck at an Iranian Revolutionary Guards exhibit in Tehran, Iran on May 1, 2024.

Persons: Tehran CNN —, ”, General Ali Belali, ” Belali, Israel, Belali, Jordan, Fred Pleitgen, Daniel Hagari, John Krzyzaniak, Lockheed Martin Organizations: Tehran CNN, Revolutionary Guard, Islamic, Israel, CNN, Iranian Revolutionary Guards, Revolutionary Guard Aerospace Forces, NATO, Israel Defense Forces, Washington, Wisconsin, Control, ISIS, Lockheed, CIA, Guards Locations: Tehran, Islamic Republic, Israel, Iran, Damascus, Gaza, Iraq, France, United States, Washington ,, Syria, Kurdish, American, Afghanistan, Ukraine, Russia, Moscow

☆ Columbia protesters' demands have worked before. This time may be different.
▼ + stars: | 2024-04-30 | by ( Paul Squire | ) www.businessinsider.com time to read: +9 min

Read previewThe unrest at Columbia University isn't showing signs of slowing down. In the 1980s, student protesters at Columbia took over the same building and called for divestment of the Ivy League school's investments over a different cause: South African apartheid. Student protesters at the 1985 demonstrations at Columbia University. Protesters there locked and chained the doors to Hamilton Hall — the same building now occupied by pro-Palestinian protesters — and demanded the school completely divest from South Africa. A more fraught situationOn its website, the Columbia University Apartheid Divest group likened itself to the protests from nearly 40 years ago.

Persons: —, It's, Lockheed Martin, Alex Kent, Joe Biden, Mike Johnson, she's, Barbara Alper, didn't, Ronald Reagan, Biden, Benjamin Netanyahu, Netanyahu, Nemat, Shafik, Nicholas Dirks, Divesting, Christopher Marsicano, Al, Marsicano Organizations: Service, Columbia University, Columbia, Ivy League, Business, Lockheed, Boeing, NPR, Hamilton Hall, Getty, Columbia University Apartheid, White, Student, New York Times, Times, Coalition, Columbia Spectator, Spectator, The New York Times, Hamas, University, Socially, University of California, CNN, North Carolina's Davidson College Locations: Israel, Gaza, Columbia, divesting, Hamilton, South Africa, Vietnam, Rafah, Berkeley, Al Jazeera

☆ Google's 'fastest-growing' moonshot that spun out into an AI earbuds startup aims to ship its first product this year
▼ + stars: | 2024-04-26 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.

Persons: —, Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI

☆ Palmer Luckey's start-up Anduril just proved it can challenge legacy defense contractors and win
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Anduril has just been selected as one of two vendors for a major US air force contract. AdvertisementAnduril Industries, the defense tech startup run by Palmer Luckey, has just been awarded a major contract by the US Air Force, beating out legacy names like Boeing and Lockheed Martin. The Air Force hopes to eventually buy at least 1,000 CAA systems at a cost of $30 million per drone. "I'm confident we're going to deliver on budget and on schedule some really sick AI-powered fighter jets," he added. And the demand is there for them if they can make it: venture capitalists have put more than $100 billion into defense tech since 2021, according to PitchBook data.

Persons: Anduril, Northrup Grumman, Palmer Luckey, —, Lockheed Martin, Atomics, General Atomics Organizations: Boeing, Lockheed, Service, Anduril Industries, US Air Force, Aircraft, Air, Air Force, CAA, Combat Aircraft, CNBC Locations: Anduril, United States of America, …, China, Silicon Valley

☆ What the pro-Palestinian protesters on college campuses actually want
▼ + stars: | 2024-04-26 | by ( Matt Egan | Ramishah Maruf | ) edition.cnn.com time to read: +8 min

“We are not going anywhere until our demands are met,” Khymani James, a student at Columbia University, said during a news briefing Wednesday. Student demonstrators occupy the pro-Palestinian "Gaza Solidarity Encampment" on the West Lawn of Columbia University on April 24, 2024 in New York City. The Columbia protesters are also calling for the university to “disclose and sever all ties” with the New York Police Department. For example, Columbia protesters want the university to sever ties with the school’s center in Tel Aviv and a dual degree program with Tel Aviv University. New York University protesters use the school’s Tel Aviv center as a rallying cry as well.

Persons: ” Khymani James, Michael M, “, Mike Johnson, Charlie Eaton, ”, It’s, Mark Yudof, it’s, ” Yudof, Yudof, he’s, Jonathan Macey, Macey, ” Lauren Post, don’t, Cary Krosinsky, Lockheed Martin, Basil Rodriguez, Rodriguez, ” Rodriguez, John Towfighi Organizations: New, New York CNN — College, Hamas, Universities, Columbia University, Student, Lawn of Columbia University, Getty, University of Southern, ”, Princeton University, Ivy League, Columbia University Apartheid, Columbia, New York Police Department, Students, Tel Aviv University . New York University, Republican, University of California, “ Bankers, Yale Law School, Defamation League, Post, ADL, Yudof, BDS, Universities don’t, Yale, Lockheed, Raytheon, CNN Locations: New York, America, Israel, Gaza, Palestinian, New York City, University of Southern California, Harlem, Columbia, Tel Aviv, South Africa, Merced, Ivory, Iran, Russia

Biden secretly approved the transfer of the long-range ATACMS missiles in February for use inside Ukrainian territory. The Biden administration had resisted sending the long-range missiles in part because of readiness concerns. Lockheed Martin, which manufactures the ATACMS missiles, is in full-rate production and produces approximately 500 missiles per year, a spokesman for the company said in September. The US worked behind the scenes to address the readiness concerns, which included buying more ATACMS missiles and filling US military stocks. Ukrainian officials have been asking the US in private and in public for the long-range missiles to target deeper behind Russian lines.

Persons: Biden, Joe Biden, Garron, ” Garn, Lockheed Martin, ”, Charlie Dietz, “, ” Dietz Organizations: CNN, US, Pentagon, Lockheed, North Korean Locations: Ukraine, Korean, Russia, ”, Moscow

☆ Global arms fairs from Russia to the UAE: Photographer’s take on bizarre world
▼ + stars: | 2024-04-24 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.

Persons: ”, Nikita Teryoshin, “, ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, ‘, KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, “, DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine

☆ Stocks making the biggest premarket moves: General Motors, GE Aerospace, Novartis, JetBlue and more
▼ + stars: | 2024-04-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The results were better than analysts' expectations of 65 cents per share on revenues of $15.14 billion, according to LSEG. UPS posted $1.43 adjusted earnings per share while analysts had estimated $1.29 earnings per share, according to LSEG. Danaher — The life sciences firm popped more than 8% after beating analysts expectations for its first-quarter results. Spotify — Shares rallied 8.4% after the music streaming company's first-quarter revenues beat analysts' expectations. Sherwin-Williams reported adjusted earnings per share of $2.17, missing the FactSet consensus estimate of $2.22.

Persons: General Motors, Nucor, Danaher, Lockheed Martin, LSEG, Sherwin, Williams, — Hakyung Kim, Tanaya Macheel, Alex Harring, Jesse Pound, Lisa Han Organizations: General, GM, GE Aerospace —, United Parcel Service, UPS, Pepsico —, Pepsico, Novartis — U.S, JetBlue Airways —, JetBlue, Wall Street, SAP — U.S, SAP, Revenue, Lockheed, —, Spotify Locations: Swiss, Wall Street Cleveland

☆ New Marine One helicopters the US spent $5 billion on aren't allowed to carry the president because they could scorch the lawn
▼ + stars: | 2024-04-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

But the VH-92 continues to scorch the White House lawn, Bloomberg reported on Tuesday. AdvertisementThe new Marine One helicopters, part of a program that the US spent $5 billion on, still can't carry President Joe Biden because there's still a risk they will scorch the White House lawn, according to a new report. Older VH-3D Sea King helicopters will continue to transport Biden from the iconic, traditional South Lawn takeoff spot. President Joe Biden boards Marine One for departure from the South Lawn of the White House on April 19, 2024, in Washington. Neither Lockheed Martin, nor the White House, immediately responded to Business Insider's queries on the reported continuation of the VH-92 problems.

Persons: Biden, —, Joe Biden, there's, Lockheed Martin, Trump, Alex Brandon The, Melissa Chadwick Organizations: US, Bloomberg, Service, Sikorsky, White, Secret Service, Lockheed, Marine, AP, Office, Department of, Pentagon, White House Locations: Washington

☆ Keep an eye on how automakers are handling EV slowdown, says KKM's Jeff Kilburg
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeep an eye on how automakers are handling EV slowdown, says KKM's Jeff KilburgJeff Kilburg, CEO & CIO of KKM Financial, joins CNBC's 'The Exchange' to breakdown earnings expectations from Lockheed Martin, General Motors, and Philip Morris.

Persons: Jeff Kilburg Jeff Kilburg, Lockheed Martin, Philip Morris Organizations: KKM, Lockheed, General Motors

☆ Ford shares surge on Tesla's EV price cuts as the legacy automaker falls back on its roots
▼ + stars: | 2024-04-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Strong bounce: The S & P 500 was on pace Monday afternoon to break a streak of six down days in a row. (The S & P 500 fell 3% last week.) Ford rallies: Ford was our best-performing portfolio stock Monday and one of the top-performing stocks in all of the S & P 500. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Financials, Wells Fargo, Wells, Ford, Tesla, Jim Farley, Farley, Abbott, Watson, Mead Johnson, Reckitt Benckiser, Johnson, Lockheed Martin, Sherwin Williams, We're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Ford, Abbott Laboratories, NEC Society, Abbott, Johnson, SAP, Cadence Design Systems, Nvidia, Danaher, Motors, UPS, GE, PepsiCo, RTX Corp, Lockheed, Treasury, Jim Cramer's Charitable Locations: Wells, Cleveland, Nucor, Freeport, McMoRan

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