When some new members of Congress recently said they oppose raising the U.S. debt limit, it triggered warnings of “catastrophic consequences.” Indeed, the result wouldn’t be pretty. But here’s what’s at stake as the country’s d…
Lockheed Martin Corp.’s (LMT) new F-35 fighter jet could be delayed by as long as three years, with development costs soaring by as much as $5 billion, Reuters reported.
The Pentagon has estimated the cost of the F-35 program could top $380 billion,…
The U.S. State Department says it will sell as much as $60 billion worth of military aircraft to Saudi Arabia over the next two decades in an attempt to protect the Middle East against the threat of Iranian military expansion. …
British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses.
The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) “to advise on strategic options” regarding its Platform Solutions unit, including a possible sale, Reuters reported.
BAE could raise as much as $2 billion by selling part of its North…
Continue reading BAE Systems Puts U.S. Component Unit Up for Sale
BAE Systems Puts U.S. Component Unit Up for Sale originally appeared on DailyFinance on Mon, 13 Sep 2010 08:32:00.
Filed Under: Company News, Technology, Investing, JP Morgan Chase, Wells Fargo & Co, Stocks in the News
British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses.
The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) “to advise on strategic options” regarding its Platform Solutions unit, including a possible sale, Reuters reported.
BAE could raise as much as $2 billion by selling part of its North…
Continue reading BAE Systems Puts U.S. Component Unit Up for Sale
BAE Systems Puts U.S. Component Unit Up for Sale originally appeared on DailyFinance on Mon, 13 Sep 2010 08:32:00.
Filed Under: Company News, Technology, Investing, JP Morgan Chase, Wells Fargo & Co, Stocks in the News