I'll never forget my conversation with defense-industry leader Bob Beyster.
Armed with a doctorate degree and decades of experience, Beyster ranked as one of the U.S. defense industry's true visionary thinkers. That came through loud and clear when I interviewed him for Signal magazine back in early 1999.
Beyster could talk with ease about everything from the impact of the dot-com boom of the 1990s to the future of information technology...
Give Me the Right Stamp of Approval and I’ll Give You Your Next 319% Profit
At one time or another, I'm sure that we've all been outraged by stories of rampant government waste - especially in areas of aerospace- and defense-related research.
But today I'm going to tell you about a NASA-related tech program that led to a big payoff. In fact, investors who knew what to look for could've turned $10,000 into $41,900 - a 319% return - in just 29 months.
I'm relating this story for a couple of reasons. It shows you why I spend so much time looking at the research that's underway in labs at...
Will Egypt End the "Obama Arms Bazaar?"
While many investors are focused on the roles that Google Inc. (Nasdaq: GOOG) and Twitter played during Egypt's recent turmoil, I immediately zeroed in on all the American-made military hardware that exists in that region - and began to analyze the risk that investors face if the U.S. defense industry quite literally bet on the wrong horse.
Between 2006 and 2009, we sold more than...
Defense Suppliers Compete for a Piece of India’s Multibillion-Dollar Military Revamp
The Boeing Co. (NYSE: BA) is in talks with India for a $5.8 billion military aircraft deal as the country triples its defense budget, leading defense suppliers to compete for a piece of the multibillion-dollar action.
India is negotiating with Boeing over the purchase of 10 C-17 Globemaster III aircraft, which would be the largest defense order from India for Boeing, the...
Obama Deficit Brings Us Closer to the Brink of National Bankruptcy
U.S. President Barack Obama's budget for 2011, presented on Monday, shows a deficit of $1.3 trillion for the fiscal year that ends that September. That shortfall is actually $287 billion more than the Congressional Budget Office (CBO) had projected less than a week earlier, when it had released a budget forecast of its own for that same fiscal year.
Granted, we're getting used to seeing budget deficits expand at a pretty quick pace these days....
Obama's Budget Adds $1 Trillion in Taxes, Balloons Federal Deficit
President Barack Obama yesterday (Monday) unveiled a $3.8 trillion budget proposal that includes big tax increases on individuals and businesses, and expands the federal deficit by more than $5.5 trillion by the end of the decade, including a record $1.6 trillion next year.
The budget blueprint for the fiscal year that begins Oct. 1 reflects the administration's struggle to find a balance between containing the spiraling federal deficit with the need to boost the economy and create jobs - both of which figure to be...
Boeing Refurbishes 500th Super Hornet Fighter Jet, Makes Plans for Looming Dubai Air Show
By William Patalon III Managing Editor Money Morning The Boeing Co. (BA) announced that it's delivered its 500th modified F/A-18 Super Hornet jet fighter-bomber to the U.S. Navy from the company's Aerospace Support Center at Cecil Commerce Center, located near Jacksonville, Fla. Boeing also detailed its plans for the upcoming Dubai Air Show, which opens...
U.N. Awards Defense Firm Lockheed Martin $250 Million Contract in Darfur
From Staff Reports The United Nations awarded defense contractor Lockheed Martin Corp. (LMT) a $250 million contract to build five new camps in Sudan's civil-war-ravaged Darfur region, and in the neighboring Kordofan regions for 4,100 U.N. and African Union personnel, The Associated Press reported yesterday (Tuesday). Specifically, the six-month contract was awarded to California-based Pacific...
Aluminum Giant Alcoa Awarded Major Parts Contract for New Stealth Jet
By William Patalon III Managing Editor Money Morning/The Money Map Report Defense contractor Lockheed Martin Corp., (LMT) has awarded aluminum giant Alcoa Inc.(AA) a $360 million contract to supply special castings for the special new stealth fighter jet known as the ‘Joint Strike Fighter.' The U.S. military will use the Lockheed Martin F-35 Lightning II...
U.S. Officials Question Whether 3Com Deal Gives Defense Secrets To China
From Staff Reports China's No. 1 network-equipment maker – a firm alleged to have ties to Beijing's military, as well as past links to Saddam Hussein and the Taliban in Afghanistan – could gain access to U.S. defense-network technology in the proposed buyout of 3Com Corp. (COMS), the Washington Times newspaper reported yesterday (Wednesday). 3Com...