Cramer: What's driving defense? Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.
U.S. to buy parts for MH-53 Sea Dragon helicopters from Japan WASHINGTON, May 27- The U.S. Navy on Wednesday said it had signed a deal with Japan to buy components from two decommissioned, U.S.-built MH-53E heavy-lift helicopters operated by the Asian country, and other spare parts to help service its own aging fleet of H-53 aircraft. The deal is small, valued at just over $67,000, but marks the first time that Naval Air Systems...
US approves sale of 10 MH-60 Seahawk helicopters to Saudi Arabia WASHINGTON, May 22- The U.S. State Department has approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in a major multibillion-dollar modernization of the Saudi navy's eastern fleet. The Pentagon's Defense Security Cooperation Agency notified lawmakers on Thursday about the possible arms sale, which has been...
Beware of bond bubble forming in ETFs Should you invest in fixed income when corporations are all too eagerly selling new bonds in staggeringly large amounts? Likely not.
| By: Scott Nations, president and chief investment officer, NationsShares
UTC in talks with potential buyers for its Sikorsky business - sources May 19- United Technologies Corp is in talks with potential buyers for its Sikorsky Aircraft business, according to four people familiar with the situation. Airbus Group, Boeing and Lockheed Martin Corp are exploring their options for a deal, but a steep $3 billion tax bill associated with an outright sale of Sikorsky continues to dampen the interest of big...
| By: Andrea Shalal and Mike Stone
U.S. Marines sending engine module to ship as part of F-35 testing WASHINGTON, May 19- The U.S. Marine Corps is "tracking very well" toward declaring a squadron of 10 F-35 jets built by Lockheed Martin Corp ready for initial combat use by July 15, Lieutenant General Jon Davis, the top general in charge of Marine Corps aviation, said on Tuesday. In a step toward that goal, the Marine Corps will use an MV-22 tilt-rotor aircraft to...
| By: Andrea Shalal