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☆ Whatever the defense budget is, we will drive capability, says Lockheed Martin CEO
▼ + stars: | 2023-11-07 | by ( Jim Cramer | ) 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 EmailWhatever the defense budget is, we will drive capability, says Lockheed Martin CEOLockheed Martin Chairman, President and CEO Jim Taiclet joins 'Mad Money' host Jim Cramer to talk U.S. defense spending, combining tech and defense, hiring veterans and more.

Persons: Lockheed Martin, Jim Taiclet, Jim Cramer Organizations: Lockheed

☆ Lockheed Martin CEO says America needs to invest in digital defense systems to prepare for the future
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Lockheed Martin CEO Jim Taiclet told CNBC's Jim Cramer on Tuesday that the U.S. needs to invest in digital technology to prepare for the future. Taiclet added that Lockheed has alliances with companies like Nvidia, Microsoft and Intel to bring digital technology more quickly into the defense sector. The Biden administration is seeking a $105 billion security aid package to support the security needs of allies like Ukraine and Israel. According to Taiclet, Lockheed is capable of doubling its F35 aircrafts with the right investments from government and its suppliers, but it might take a few years. "We want to be on offense and defense and use the latest technology to actually make that happen," he said.

Persons: Lockheed Martin, Jim Taiclet, CNBC's Jim Cramer, Taiclet, Biden Organizations: Lockheed, Nvidia, Microsoft, Intel Locations: Ukraine, Israel

☆ I tested the game-changing F-35 stealth fighter, an incredible jet that demands more than just great flying skills from its pilots
▼ + stars: | 2023-11-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Billie Flynn spent years as a pilot in the testing program for the F-35 stealth fighter jet. I was involved with the F-35 program for essentially 20 years after coming over to Lockheed Martin from the Eurofighter Typhoon program. AdvertisementAdvertisementA Lockheed Martin F-35 fighter jet performs its flight display at Le Bourget on June 20, 2017 during the International Paris Air Show. So there really are pilots who are better than others, but as a test pilot, that flying skill is what keeps us alive. And I think that's thanks to incredible engineers, incredible designers and incredible military fighter pilots who were instrumental in developing the airplane.

Persons: Billie Flynn, —, Lockheed Martin, It's, CHRISTOPHE ARCHAMBAULT, Yuriko Nakao Organizations: Service, Royal Canadian Air Force, Lockheed, Eurofighter, International Paris Air, Getty, Le, Paris Air Locations: Le Bourget, AFP, Paris, France

☆ NASA sent a spaceship rocketing by an asteroid — and discovered the space rock has a little baby one dancing around it
▼ + stars: | 2023-11-03 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +2 min

NASA sent a spacecraft flying by the Dinkinesh asteroid. The agency discovered that Dinkinesh is actually a binary asteroid system. The Lucy spacecraft discovered that the larger asteroid has a baby asteroid dancing around it. But the Lucy spacecraft returned images showing that the asteroid Dinkinesh is actually a binary asteroid system, meaning there are two asteroids orbiting a common center. Lucy flew by the asteroid system at a speed of 10,000 miles per hour, NASA said.

Persons: —, Lucy, Dinkinesh, Hal Levison, we've, Tom Kennedy Organizations: NASA, Service, Southwest Research Institute, Lockheed Martin Locations: Colorado

☆ NASA mission captures image of surprising asteroid pair
▼ + stars: | 2023-11-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —When NASA’s Lucy mission flew by its first asteroid this week, its cameras captured a surprise. The Lucy spacecraft zoomed by the small asteroid Dinkinesh, located in our solar system’s main asteroid belt between the orbits of Mars and Jupiter. (Lockheed Martin is a NASA partner on the Lucy mission.) Preparing for future flybysThe data collected during the Lucy mission flyby will continue to return to Earth over the next week. There are about 7,000 Trojan asteroids, and the largest is 160 miles (257 kilometers) across.

Persons: Lucy, Hal Levison, “, ” Levison, we’ve, ”, Tom Kennedy, Lockheed Martin, ” Kennedy, Keith Noll, NASA’s, Lucy’s, NASA Lucy Organizations: CNN, Southwest Research Institute, ”, Lockheed, NASA, NASA’s Goddard Space Flight Locations: Ethiopia, Greenbelt , Maryland, Jupiter

Details of how Japan is paring back military procurement due to currency fluctuations have not been previously reported. China, which has not ruled out using military force to bring Taiwan under its control, has expressed concern about Japan's military spending plans, accusing it of displaying a "Cold War mentality." In December, defence ministry officials discussed an order for 34 twin-rotor Chinook transport helicopters at roughly 15 billion yen per aircraft, two of the sources said. She declined to comment on whether the defence ministry had dropped an order for the seaplane. A ministry spokesperson confirmed the companies delivered a letter on Oct 25 to Defence Minister Minoru Kihara urging the government to proceed with the defence procurement as planned.

Persons: Tomohiro, Fumio Kishida, Christopher Johnstone, Johnstone, Biden, Kishida, outlays, spender, Nancy Pelosi's, Yoji Koda, Lockheed Martin, Minoru Kihara, Kevin Maher, Nobuhiro Kubo, Takaya Yamaguchi, Tim Kelly, Yoshifumi Takemoto, Katerina Ang Organizations: Defense Force, East Fuji Maneuver, REUTERS Acquire, Rights, Reuters, Bank of Japan, Center for Strategic, International Studies, National Security, East, Japan's Ministry of Defence, Embassy, Pentagon, Russian, Kawasaki Heavy Industries, Boeing Co, Kawasaki, Industries, Maritime Self Defense Force, Raytheon, Lockheed, Japan Business Federation, NMV Consulting, U.S . State Department's Office, Japan Affairs, Thomson Locations: Japan, Gotemba, Shizuoka, Taiwan, Tokyo, Washington, Beijing, East Asia, U.S, East China, Ukraine, China, U.S .

FORT WORTH, Texas (AP) — U.S. Rep. Kay Granger of Texas, the Republican chairwoman of the powerful House Appropriations Committee, said Wednesday she will not seek reelection in 2024 after nearly three decades in Congress. Granger, 80, is the nation's longest-serving GOP congresswoman and was first elected in 1996. Her decision ends a barrier-breaking career that included serving as Fort Worth's first female mayor and Texas' first GOP congresswoman. Granger was among the Republicans who opposed Rep. Jim Jordan's bid to become House speaker. She said she will work with new Speaker Mike Johnson “to advance our conservative agenda" for the remainder of her term.

Persons: Kay Granger, Granger, ” Granger, Worth's, Lockheed Martin, Jim Jordan's, Mike Johnson “ Organizations: — U.S . Rep, GOP, Lockheed Locations: Texas, Kay Granger of Texas, Fort Worth

☆ Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches
▼ + stars: | 2023-11-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, on Nov. 1, 2022. The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, the military branch told CNBC. Space Force expanded the NSSL Phase 2 program significantly since naming SpaceX and ULA as its two launch providers in 2020. Space Force had previously announced that of mission assignments, 60% would go to ULA and 40% to SpaceX. The final Phase 2 assignments come as Space Force prepares to ramp up the NSSL program even further with Phase 3.

Persons: Lockheed Martin, Doug Pentecost, ULA, Elon, Pentecost, SpaceX's, ULA's Vulcan Organizations: SpaceX, Heavy, U.S . Space Force, Space Systems Command, Boeing, Lockheed, Falcon, Force's, Systems Command, Tuesday, United Launch Alliance, CNBC, USSF, Space Force, CNBC PRO Locations: Cape Canaveral , Florida, ULA, U.S

☆ NASA’s Lucy mission will closely fly by the asteroid Dinkinesh
▼ + stars: | 2023-11-01 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —The NASA Lucy mission is about to have its first encounter with a space rock. The spacecraft, launched in October 2021, will fly by the small asteroid Dinkinesh on Wednesday. Dinkinesh is about half a mile (1 kilometer) wide and is situated in the main asteroid belt between the orbits of Mars and Jupiter. Each of the asteroids Lucy will fly by differ in size and color. These are some of the asteroids that the Lucy mission will fly by over the next 12 years.

Persons: NASA Lucy, Lucy, ”, Hal Levison, Dinkinesh, REx — Lucy, Mark Effertz, Amy Mainzer, — Organizations: CNN, NASA, Lincoln, Asteroid Research, US Air Force, Massachusetts Institute of Technology, Southwest Research Institute, Dinkinesh, JPL, Caltech, Lockheed Martin, University of Arizona, Trojans Locations: LINEAR, San Antonio, Jupiter, Littleton , Colorado, Ethiopia

☆ Big government will drive the next market cycle
▼ + stars: | 2023-10-31 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Growth picked up while quiescent inflation permitted interest rates to fall. Bereft of government support, central banks tried to stimulate their economies by pushing interest rates to new lows. That means interest rates will struggle to return to the ultra-low levels seen after 2008. The first takeaway is that higher debt levels, inflation and interest rates should be bad for bonds. Vincent Deluard of StoneX has proposed a division between intangible and tangible companies.

Persons: Kevin Lamarque, ” Ronald Reagan’s, Milton Friedman –, Britain’s Margaret Thatcher –, Reaganomics ”, Réka Juhász, Nathan J, Lane, Dani Rodrik, government’s, Vincent Deluard, StoneX, Lockheed Martin, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Republicans, Capitol, REUTERS, Reuters, Bank, Asset, Monetary Fund, Treasury, Capital Economics, Reuters Graphics Reuters Graphics, Capital, Facebook, Meta, Lockheed, Micron Technology, U.S, Congress, Nasdaq, Energy, Exxon Mobil, Labour Party, Thomson Locations: Washington , U.S, “, Ukraine, Covid, Europe, United States, United Kingdom, Germany, Japan

☆ Pentagon awards $1.3 billion in contracts to Northrop Grumman and York for 100 satellites
▼ + stars: | 2023-10-30 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

The Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites. Under the T2TL-Alpha awards, Northrop will build 38 "data transport" satellites for $732 million, while York will build 62 satellites for $617 million. Northrop's award to build Alpha variant satellites for T2TL comes months after the defense giant won an SDA order for Beta variants. In August, Northrop won a $733 million award to build 36 satellites for the T2TL-Beta segment of PWSA, alongside Lockheed Martin . The SDA has previously awarded contracts to build and operate satellites in its fleet to SpaceX and L3Harris, in addition to Northrop, York and Lockheed.

Persons: Northrop Grumman, Northrop, Lockheed Martin Organizations: Space Development Agency, York Space, Northrop, Alpha, Lockheed, Pentagon, Space Force, SpaceX, CNBC Locations: York

☆ Ukraine war orders starting to boost revenues for big US defense contractors
▼ + stars: | 2023-10-27 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

WASHINGTON, Oct 27 (Reuters) - The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues, as customers such as the U.S. government restock supplies shipped to Ukraine and countries around Europe arm themselves with an eye on Moscow's aggressions. New contracts to supply Ukraine directly - or backfill U.S. weapons sent to Ukraine - were signed late last year, and now revenue is flowing to the big defense contractors. "We've gone from 14,000 (artillery) rounds per month to 20,000 very quickly. The General Dynamics' Combat Systems unit, which makes armored vehicles, tanks and the artillery Ukraine uses, saw its revenue rise almost 25% versus the same period a year ago. Third-quarter sales for Northrop Grumman's (NOC.N) Defense Systems segment rose 6% on high demand for ammunition and rocket motors used in guided multiple-launch rocket systems (GMLRS), which play a crucial role in supporting Ukraine's defense efforts against Russian forces.

Persons: Lockheed Martin, We've, Jason Aiken, Northrop Grumman's, Sweden's, Joe Biden, Biden, Dynamics's Aiken, Mike Stone, Rod Nickel Organizations: Lockheed, General Dynamics, Patriot, Palestinian, Hamas, Wall, Dynamics ', Systems, Wall Street, Russian, Sweden's Saab, Rheinmetall, Thomson Locations: Ukraine, Europe, aggressions ., U.S, Israel, Arizona, Pennsylvania, Ohio, Texas, Washington

☆ Here are the most oversold stocks due for a bounce following the market's tough week
▼ + stars: | 2023-10-27 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The Nasdaq and the S & P 500 are each on pace for declines of about 2.5%. Some stocks hit by this week's losses have become oversold — and could be due for a bounce. Align Technology , another company that has taken a heavy beating to its stock price this week, could also be due for a comeback, based on analysts' price targets. The company's third-quarter results fell short of analysts' expectations , and a slate of analysts cut their price targets following the release. Analysts covering the stock forecast a 4.6% upside for the company's stock price, and less than 30% rate it a buy.

Persons: bode, Kevin Caliendo, Tesla, Henry Schein, Lockheed Martin, RTX, Greg Hayes, — CNBC's Michael Bloom Organizations: Tesla, Moderna, Nasdaq, Dow Jones, CNBC, Technology, UBS, Southwest Airlines, Aerospace, Lockheed, Dollar, Dwight, Marathon Oil, Allstate Locations: Covid, Ukraine, Israel

☆ Boeing struggles to steer defense unit in another year of losses
▼ + stars: | 2023-10-27 | by ( Valerie Insinna | ) www.reuters.com time to read: +5 min

The Boeing KC-46 Pegasus aerial refueling tanker is seen before a delivery celebration to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. Despite absorbing $4.4 billion in losses in 2022 – which executives said would lower the risk of future cost overruns – the unit has seen little improvement this year. Excluding last year, losses on Boeing's defense programs in 2023 exceed those from all years since 2014, according to a Reuters review of Boeing’s regulatory filings. The latest charge for Air Force One brought total losses to $2.4 billion on a $3.9 billion contract to develop two planes. A better bet, and one Boeing's defense segment is aggressively pursuing, is inking future contracts for next-generation fighter jets and cutting-edge drones.

Persons: Lindsey Wasson, Lockheed Martin, Brian West, Byron Callan, ”, Seth Seifman, JP Morgan, “, NASA's, West, there's “, Richard Aboulafia, ” Aboulafia, Valerie Insinna, Rod Nickel Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Air Force, Boeing, Lockheed, General Dynamics, Capital Alpha Partners, U.S . Defense Department, NASA, BDS, Boeing Defense Space, U.S . Air Force's KC, KC, Thomson Locations: Everett , Washington , U.S, Ukraine

☆ Ukrainian fighter pilots could soon make the jump to real F-16s that don't fly quite like the jets they know best
▼ + stars: | 2023-10-26 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

Ukrainian fighter pilots learning to fly the F-16 could soon make the jump to real combat aircraft. The F-16 flies a bit different from the fighter aircraft they know, namely MiG-29s and Su-27s. AdvertisementAdvertisementTwo U.S. Air Force F-16 Fighting Falcon aircraft sits parked on flight line at MacDill Air Force Base, Sept. 8, 2021. US Air Force photo by Airman 1st Class Lauren CobinSimulator training will help ease the transition with these potential differences, but getting up to speed in an actual plane still takes time. Training has been ongoing at the Danish military air base in Skrydstrup and in the US at Lackland Air Force Base in Texas and Morris Air National Guard Base in Arizona.

Persons: —, Ukraine's, Yuriy Ihnat, Ihnat, Mike, Torrealday, Efrem, Julianne Showalter, you'd, Lockheed Martin, Lauren Organizations: MiG, Service, US Air Force Reserve, Ukrainian Air Force, National Museum of, United States Air Force US Air Force, Soviet, Air Force, General Dynamics, . Air Force, Falcon, MacDill Air Force Base, US Air Force, US, Lackland Air Force Base, Morris Air National Guard Base Locations: American, Ukrainian, Kyiv, Soviet, Iraq, Poland, Romania, Denmark, United States, Skrydstrup, Texas, Arizona, Ukraine

☆ General Dynamics beats quarterly estimates on robust military equipment demand
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Saudi men are seen at General Dynamics stand displaying the latest defence system at World Defense Show in Riyadh, Saudi Arabia, March 6, 2022. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. defense contractor General Dynamics (GD.N) beat Wall Street estimates on Wednesday, as buoyant military equipment demand helped overcome higher operating expenses. General Dynamics-manufactured weapons systems, munitions, and combat vehicles such as Abrams tanks have been essential to Ukraine's operations. UAW members at the company make highly profitable military vehicles, including tanks and light armored vehicles, according to the union. General Dynamics joined peer defense contractors Lockheed Martin (LMT.N) and RTX (RTX.N) to report better-than-expected quarterly results.

Persons: Ahmed Yosri, Abrams, Lockheed Martin, Pratyush Thakur, Krishna Chandra Organizations: General Dynamics, Defense, REUTERS, Dynamics, Pentagon, United Auto Workers, UAW, Gulfstream, Thomson Locations: Riyadh, Saudi Arabia, Reston , Virginia, Ukraine, Bengaluru

☆ Cramer says to invest in defense companies as the U.S. looks to rebuild weapons stockpile
▼ + stars: | 2023-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer suggested that defense companies are worthwhile investments as the U.S. empties its arsenals to aid allies Israel and Ukraine. "Our country's paltry land war-making capacity makes us a weaker arsenal of democracy, and sooner or later, either the White House or Congress will change how our defense budget gets spent," Cramer said. "That makes the big defense contractors investible." He named several major defense contractors that are set to benefit from a Pentagon push, including Lockheed Martin , RTX , Boeing , Northrop Grumman and General Dynamics . In reality, the rest of the world's only gotten more chaotic, and our government can't do anything about it if we run out of munitions," Cramer said.

Persons: CNBC's Jim Cramer, Israel, Cramer, Greg Hayes, Lockheed Martin, Northrop Grumman Organizations: House, investible, Pentagon, Lockheed, Boeing, Northrop, General Dynamics, Systems Locations: U.S, Ukraine, RTX, Iraq, Afghanistan

☆ ULA targets Christmas Eve for inaugural Vulcan rocket launch, CEO says
▼ + stars: | 2023-10-24 | by ( Simona Riccardi | In Sriccardi | ) www.cnbc.com time to read: +2 min

United Launch Alliance plans to launch the inaugural flight of its Vulcan rocket on Christmas Eve, CEO Tory Bruno told CNBC's Morgan Brennan on Tuesday. The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, on May 12, 2023. ULA's path to the first Vulcan launch faced several delays earlier this year, including the explosion of an engine during testing by its supplier Blue Origin, previously reported by CNBC. Following the incident, Bruno told CNBC in a "Manifest Space" podcast interview that the company still planned to fly its heavy-lift rocket by late 2023. The company added a massive contract to launch Amazon's Kuiper satellites to its previously government-heavy backlog for Vulcan.

Persons: ULA, Lockheed Martin —, Bruno, Tory Bruno, CNBC's Morgan Brennan, Vulcan's, ramping, — CNBC's Morgan Brennan, Michael Sheetz Organizations: Boeing, Lockheed, CNBC Technology, Summit, United Launch Alliance, Vulcan, Cert, SLC, CNBC Locations: Cape Canaveral , Florida

"Airbus remains committed to providing the U.S. Air Force and our warfighters with the most modern and capable tanker on the market," an Airbus spokesperson said. The Air Force has sought to replace hundreds of Eisenhower-era KC-135 tankers in three lots. "Lockheed Martin has decided not to respond to the U.S. Air Force's KC-135 fleet recapitalization Request for Information," Lockheed spokesperson Stephanie Stinn said in a statement. A Lockheed-Airbus victory would have landed Airbus its first aircraft contract with the U.S. Air Force after attempting to penetrate the U.S. defense market for two decades. In 2011, Boeing won the first of the three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s.

Persons: Cheney Orr, Eisenhower, Lockheed Martin, Stephanie Stinn, Lockheed's, Valerie Insinna, Mike Stone, Chizu Organizations: Lockheed, Association of, United States Army, Global, REUTERS, Rights, Lockheed Martin Corp, U.S . Air, KC, Air Force, Airbus, U.S . Air Force, The Air Force, Boeing, U.S . Air Force's KC, Pegasus, Refueling, recapitalization, Air, Thomson Locations: Huntsville , Alabama, U.S, Alabama, Georgia, Washington

☆ Debunking claims that a 'cartel' of asset managers controls major U.S. corporations
▼ + stars: | 2023-10-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

If you look up the top institutional investors in these firms, you will find major asset managers close to the top of the list. 2, and State Street is No. State Street, Vanguard and BlackRock are the top shareholders in Lockheed, in that order. Pfizer's top shareholders: Vanguard, BlackRock and State Street. That's because BlackRock makes money by collecting fees from its investors, not by reaping profits from the companies it invests in.

Persons: Lockheed Martin, Daniel Sotiroff Organizations: Apple, Lockheed, Pfizer, Vanguard, BlackRock, Morningstar Research Services, State Locations: BlackRock

☆ US redirects Navy carrier strike group, deploys high altitude defense missile system and patriot battalions to the Middle East amid escalations by Iran in the Israel-Hamas war
▼ + stars: | 2023-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

A Navy strike group was redirected and Patriot battalions were activated. AdvertisementAdvertisementThe US is increasing its military presence in the Middle East amid the ongoing war between Israel and Hamas. In response, the outlet reported, the Israel Defense Forces said it launched counter-strikes on several Hezbollah targets near the Lebanese-Israeli border. The Eisenhower strike group is mobilized in addition to the USS Gerald R. Ford Carrier Strike Group currently operating in the Eastern Mediterranean Sea. The THAAD is a Lockheed Martin anti-ballistic missile defense system designed to intercept targets inside and outside the atmosphere, per the manufacturer.

Persons: —, Defense Lloyd J, Austin III, Joe Biden, Israel —, he'd, Dwight D, Eisenhower, Gerald R, Lockheed Martin, Austin Organizations: Navy, Service, Defense, US Department of Defense, Jerusalem Post, Israel Defense Forces, Hezbollah, Austin, Eisenhower Carrier Strike Group, Central Command, Ford Carrier Strike, Area Defense, Lockheed, Pentagon Locations: Israel, Iran, Lebanon, Jerusalem, Lebanese, Gaza

☆ Ukraine celebrates spectacular debut of ATACMS by playing Neil Diamond's 'Hello Again' over images of US missiles in action
▼ + stars: | 2023-10-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Ukraine posted a video of new US-supplied missiles in action over Neil Diamond's hit "Hello." The new missiles reportedly targeted Russian airfields and took out multiple enemy helicopters. Insider's Jake Epstein reported that Ukraine struck Russian airfields and took out enemy helicopters with their new ATACMS. Ukraine also posted a video of ATACMS being fired at Russians on Telegram. AdvertisementAdvertisementForeign Minister Dmytro Kuleba said Ukraine is set to get more ATACMS that have a range of about 190 miles.

Persons: Neil Diamond's, —, Neil Diamond, Jake Epstein, Lockheed Martin, Volodymyr Zelenskyy, Zelenskyy, Joe Biden, Insider's Jake Epstein, Dmytro Kuleba Organizations: Service, The Ukrainian Centre, Strategic Communications, MGM, Tactical Missile, Lockheed, Ukrainian, Telegram, Pentagon Locations: Ukraine, Russia, America, Berdyansk, Luhansk, Russian

☆ Nike is among the most overbought stocks in the S&P 500. Here are the others
▼ + stars: | 2023-10-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. Here are some of the most overbought names: Sports apparel retailer Nike has a 14-day RSI of 81.89, and just under half of analysts covering the stock rate it a buy. Lockheed Martin is another one of the most overbought companies in the S & P 500. The U.S. defense contractor scored a 14-day RSI of 77.69, with a consensus price target implying 6.8% upside. Also on the oversold list is pharmaceutical company Moderna , which has a 14-day RSI reading of 15.5.

Persons: Piper Sandler, Lockheed Martin, Invesco, Jason Haas, Haas, — CNBC's Michael Bloom Organizations: Nike, Dow Jones, CNBC Pro, Insurance, Cardinal Health, Allstate, Humana, Investment, Hasbro, Wall, Bank of America, Monopoly, Moderna, Pfizer, FedEx Locations: U.S, Lowe's

☆ U.S. Defense Contractors Could See a Windfall From Israel Aid
▼ + stars: | 2023-10-20 | by ( ) www.wsj.com time to read: 1 min

The White House request to provide the Pentagon with an additional $10.6 billion to equip Israel includes systems with substantial U.S. content, which might help ease its passage through Congress. Israel’s Rafael makes the David’s Sling missile-defense system in partnership with U.S. defense giant RTX, which says its work is spread across around 30 states. The two companies also cooperate on the shorter range Iron Dome defense system and are considering a U.S. production facility for the missile interceptors. The proposed funds would also advance Rafael’s Iron Beam platform, which uses lasers to down missiles and drones. It hopes to have that system operational in 2025 and is working with Lockheed Martin on a U.S. version.

Persons: Israel’s Rafael, Lockheed Martin Organizations: Pentagon, U.S, Lockheed Locations: Israel

☆ What the Israel-Hamas war means for defense stocks
▼ + stars: | 2023-10-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest. Defense stocks typically rise after military conflicts but soon lose those gains. Following Russia’s invasion of Ukraine, the iShares defense ETF surged by 5%, with Lockheed Martin and Northrop Grumman’s shares jumping about 20%. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Lockheed Martin, Northrop Grumman, ”, Jim Taiclet, “ That’s, JPMorgan Chase, Jamie Dimon, “, ” Sam Stovall, Joe Biden’s, Northrop Grumman’s, Raffi Boyadjian, Goldman Sachs, David Solomon, “ David, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, it’s, Lloyd Blankfein, they’re, Elon Musk’s, Elon Musk, X, Clare Duffy Organizations: CNN Business, Bell, New York CNN, U.S . Aerospace & Defense ETF, Raytheon, Lockheed, Boeing, General Dynamics, Northrop, “, Lockheed Martin Corporation, titans, Hamas, JPMorgan, Defense, XM, Treasury, CNN, Revenue, Twitter Locations: New York, Israel, U.S, Ukraine, Kippur, Kuwait, South Beach, New Zealand, Philippines

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