RAYTHEON

Defence giant Raytheon plans a centre of excellence in high-energy laser weapons in Livingston.

WE’VE ALL been there.

If it wants to support Ukraine and win future wars, the US military needs to rethink how it acquires essential weapons.

The following is a transcript of an interview with Jim Taiclet, the president and CEO of Lockheed Martin, that aired Sunday, May 8, 2022, on "Face the Nation."

Cyber attacks are becoming an everyday part of life, and this week, the future generation of students who will fight back against these threats are in San Antonio.

MDA has hit a milestone for integrating the Terminal High Altitude Area Defense system with the Patriot air and missile defense system, firing an advanced Patriot missile from THAAD.

A defense reporter with The Kyiv Independent, posted photos on Twitter that seem to show Javelins embossed with, "Troy, AL" on their sides in Ukraine.

These are the stocks posting the largest moves in midday trading.

China says it will sanction Raytheon Technologies and Lockheed Martin, two U.S. defense contractors that previously faced sanctions, over arms sales to Taiwan.

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Asian shares were mostly higher on Tuesday despite a sell-off in technology companies on Wall Street. (AP Photo/Kin Cheung)TOKYO – Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. “Equity investors are finally paying attention to the bond market,” said Mike Zigmont, director of trading and research at Harvest Volatility Management. In energy trading, U.S. benchmark crude rose 76 cents to $62.46 a barrel in electronic trading on the New York Mercantile Exchange.

Earnings for industrials companies are picking up speed this week. Investors now look ahead to a few crucial earnings announcements later this week. The S&P industrials sector is expected to post earnings of $30.48 a share in 2021, up 75% from a beaten-down 2020. The coronavirus pandemic had blunted manufacturing activity and demand for the industrials companies, a trend that is now reversing in the recovery. Delano Saporu, founder of New Street Advisors, said it's not too late to jump into cyclical industrials stocks.

"These are astounding numbers," Cramer said on "Squawk on the Street," referring to quarterly results from General Electric and Raytheon. "When I look at GE, I'm thinking 'Houdini,' miraculous, incredible," said Cramer, after GE before-the-bell delivered better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for this year. "The free cash flow of both these companies, Raytheon and GE, is surprising," Cramer said, while adding that GE's health care, wind, and hydrogen turbine businesses are also growing. While stronger Tuesday, GE shares are flat over the past 12 months. Raytheon shares are down more than 50% over the same period.

Stocks were mixed in Asia on Wednesday after a lackluster session on Wall Street. (AP Photo/Koji Sasahara)BANGKOK – Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Traders are also awaiting the outcome of a Federal Reserve policy meeting which wraps up later in the day. Tokyo's Nikkei 225 index added 0.3% to 28,638.54, while the Hang Seng in Hong Kong also gained 0.3% to 29,485.60. Johnson & Johnson rose 2.7% after the company reported fourth-quarter results that cruised past Wall Street's expectations.

China announced Monday, Oct. 26, 2020 it will impose sanctions on U.S. companies including Raytheon, Boeing and Lockheed Martin for supplying weapons to rival Taiwan, a foreign ministry spokesman said Monday. Washington promised in the 1980s to reduce and eventually end weapons sales to Taiwan but insists its dispute with Beijing must be settled peacefully. “In order to safeguard national interests, China decided to impose sanctions on the American companies that were involved in arms sales to Taiwan,” Zhao said at a regular news briefing. Weapons sales to the island have increased in quantity and quality. China has stepped up military activity around Taiwan in an attempt to force concessions from the pro-independence administration of President Tsai Ing-wen.

Raytheon CEO Gregory Hayes told CNBC's Jim Cramer on Thursday that Americans would soon become antsy to travel again as the nation slowly reopens amid the coronavirus pandemic. "The fact is, people can only binge on Netflix for so long," Hayes said an interview on "Squawk on the Street." "Zoom is fun but you can't experience the Eiffel Tower from a Zoom meeting. Hayes told Cramer that he believed the commercial aerospace market in the United States had bottomed in April. So we will see recovery but clearly, Q2 is going to be really tough," he said.

FILE PHOTO: The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit TessierWASHINGTON (Reuters) - Lockheed Martin Corp was awarded a $932 million Pentagon contract on Tuesday for THAAD interceptor missiles, some of which are slated to be delivered to the Kingdom of Saudi Arabia. The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defense (THAAD) interceptor for Saudi Arabia, the Pentagon said. Saudi and U.S. officials signed letters of offer and acceptance formalizing terms for Saudi Arabias purchase of 44 THAAD launchers, missiles and related equipment in November 2018. Lockheed Martin, the biggest U.S. arms maker, builds and integrates the THAAD system, which is designed to shoot down short-, medium- and intermediate-range ballistic missiles.

WASHINGTON (Reuters) - The U.S. Army will go back to the drawing board after an effort to replace the Bradley fighting vehicle proved too challenging for industry, a Pentagon official said on Thursday. Today the U.S. Army will cancel the current solicitation for the rapid prototyping phase for the optionally manned fighting vehicle (OMFV), Bruce Jette, assistant secretary of the Army for acquisition, logistics, and technology, told reporters at the Pentagon. He said its a tactical pause, because the Army is committed to getting a replacement for the Bradley. This program was one of the Armys top modernization priorities. Jette told reporters the Army has asked industry to do a lot in a very compressed time frame.

Check out the companies making headlines in midday trading:Raytheon, Lockheed Martin, L3Harris Equity of major aircraft and weapons manufacturers Raytheon, Lockheed Martin and L3Harris rose 1.6%, 3.8% and 3.3%, respectively, in midday trading as U.S.-Iranian tensions flare in the Middle East. Tesla Tesla's stock climbed 3.8% on Friday after the automaker reported better-than-expected deliveries for its most recent quarter. Concho Resources, Apache, Devon Energy Shares of Concho, Apache and Devon all traded higher, following crude prices, after the U.S. killed a top Iranian military leader in an airstrike. Concho and Apache each traded higher by more than 1% while Devon advanced 0.8%. L Brands Shares of L Brands rose nearly 8% after Bank of America upgraded the retail and apparel company to buy from neutral.

Check out the companies making headlines in midday trading:United Technologies, Raytheon Shares of United Technologies rose 1.7%, while Raytheon's stock was largely unchanged, after shareholder meetings at each defense contractor approved a merger of equals. The deal would see United Technologies' aerospace business combined with Raytheon and is expected to close in the first half of next year. Roku Roku shares jumped 4.7% on news that Citadel Securities took a 5% stake in the media-streaming device maker. Wendy's Shares of the fast-food chain gained 4% after Wendy's gave more details about its plans to launch nationwide breakfast and expand in Europe. Crowdstrike The cyber security company's stock fell 1.9% following a downgrade to sell at Goldman Sachs.

Both stocks were holding up against the worst of Monday's sell-off with Raytheon nearly 1% higher, and Lockheed Martin down just 0.4%. Mark Newton, technical analyst at Newton Advisors, sees a broader shift in the market toward defensive sectors. "In the last month we've seen [defensive] sectors outperform," Newton said. Real estate, staples and utilities are the best-performing S&P 500 sectors over the past month, albeit still lower. Utilities, the top sector, have fallen 1% since early July while the S&P 500 has plunged 4%.

Next week, the Senate will vote on a $1.3 trillion budget deal for fiscal year 2020 that includes $738 billion for defense. This week, America's top five defense firms Lockheed Martin, Boeing, General Dynamics, Northrop Grumman and Raytheon posted their second-quarter earnings. The defense giant now expects full-year earnings between $20.85 a share and $21.15 a share, with revenue expected between $58.25 billion and $59.75 billion. Department of Defense photoBoeing's defense business stayed strong in the second quarter, although investors focused on the company's commercial airplane unit and the stock slid. The defense firm also raised its full-year 2019 guidance for sales, earnings per share and operating cash flow.