Lockheed Martin Corporation (NYSE:LMT) has received a $4.7 billion order for F-35 fighter jets from Pentagon. This is the eight batch of F-35 Fighter jets ordered by Pentagon and under the current deal; Lockheed would deliver 43 F-35 jets to Pentagon. The stocks of the company rallied nearly 2% after the announcement. As per the…
Airbus Group NV (AIR) Ahead of Boeing Co (BA) In Delta Air Lines, Inc. (DAL)’s 50 Jet Order
Airbus Group NV (EPA:AIR) is likely to win against Boeing Co (NYSE:BA) in Delta Air Lines, Inc. (NYSE:DAL)’s 50 Jet order. The overall deal is valued at $13 billion and Airbus is at the front with its efficient jet portfolio. Airbus Group is likely to consider this deal an indication of Delta Air Lines’ inclination…
Baker Hughes Incorporated (BHI) and Halliburton Company (HAL) Squabble Over Baker Hughes’ Board After Merger Talks Failed
The world’s third and second largest oilfield services company, Baker Hughes Incorporated (NYSE:BHI) and Halliburton Company (NYSE:HAL), are in a squabble over the former’s current board of directors after talks of Baker Hughes’ acquisition by Halliburton resulted in a standoff. According to Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL) has plans of nominating candidates to…
Tesla Motors Inc (TSLA) Has The Most Advanced Electronic Architecture in Model S, Says Automotive Research Firm
The engineers of IHS, automotive research firm, were stunned after attending the dissection of Tesla Motors Inc (NASDAQ:TSLA)’s Model S sedan. The electric carmaker has much advanced electronic architecture used in its infotainment and instrumentations systems. IHS is involved in the analysis of Tesla’s latest offering, Model S, and the research firm is analyzing every…
Intel Corporation (INTC) Beats Expectations With Its Q4 Forecast and Says “The worldwide PC Supply Chain Appears To Be Healthy”
Demand for personal computers has been down for some time now, but the market has recently shown good signs. Intel Corporation (NASDAQ:INTC) made that even clearer when it reported a rosy fourth quarter forecast, which beat expectations. The market for PCs has been down for about 4 years now. However, the trend has changed in…
Tesla Motors Inc (TSLA) Unveils Spiced Up Model S but Falls Short of Exciting Investors
When Tesla Motors Inc (NASDAQ:TSLA) CEO Ellon Musk tweeted about a “D,” Twitter went awash with into a frenzy, with many speculations surrounding what the electric car maker was about to unveil. Thursday evening marked that day, and the company unveiled the “D.” So what’s it? Well, it’s Model S sedan, but this one has…
Airlines Ordered to Replace The Boeing Company (BA) 1,300 Cockpit Displays by Federal Aviation Administration
The Boeing Company (NYSE:BA) 737 and 777 have been affected by the Federal Aviation Administration (FAA) order for the replacement of cockpit display units that the agency have said are vulnerable to Wi-Fi frequencies. The cockpit displays were made by Honeywell International Inc (NYSE:HON). The agency and Boeing carried out tests on the displays and…
The Boeing Company (BA) Plans to Move Defense Activities Out of Washington
The Boeing Company (NYSE:BA) has revealed a consolidation plan that will see the aircraft manufacturer shift some of its defense works to other U.S. states. The move is expected to affect 2,000 jobs and reduce the company’s defense activities from its manufacturing base in Puget Sound region. The plan is in line with The Boeing…
The Boeing Company (BA) Faces Formal Protest Against its $6.8 Billion “Space Taxi” Contracts
The Boeing Company (NYSE:BA) and Space Exploration Technologies Corp are likely to face some protest from Sierra Nevada Corp. against the $2.6 billion “space taxi” contracts. According to the filed protest, Sierra Nevada has requested to block the awarded contract. National Aeronautics and Space Administration picked The Boeing Company (NYSE:BA) and SpaceX for ferrying astronauts…
Airbus Group NV (AIR) Faces Pressure from German Government to Cut Military Jets Cost
The deal between Airbus Group NV (EPA:AIR) and German government is likely to witness some more theatricals as the German government is seeking price cuts for Airbus’s A400M military airlifters. German Defense Ministry has demanded longer cancellation period for the same and the A400M are likely to be delivered later than the expected timeline. Bild…