Lockheed Martin says F-35 cost cuts a year ahead of plan

Lockheed Martin said on Thursday it was on track to cut the cost of its F-35 fighter jet A variant to $80 million per jet a year ahead of its original target of 2020......»»

The jet order is an attempt to modernize the South Asian nation's defense forces, a plan which could cost as much as $250 billion over a 10-year period ending 2025.....»»

Lockheed Martin reported full-year 2019 sales and earnings that were ahead of expectations......»»

Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising, sending shares up 5%......»»

Lockheed Martin's better-than-expected earnings and sales along with raised guidance for the fiscal year were not enough to quell investors' fears of bad news ahead......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

BERLIN (Reuters) - Volkswagen expects productivity at its core autos brand to keep growing in the months ahead because of cost cuts and full availability of higher-margin models launched last year......»»

Deutsche Bank AG shrank for an eighth straight quarter in the final months of last year, leading Chief Executive Officer Christian Sewing to pledge yet more cost cuts as he seeks to persuade investors his turnaround plan can produce sustainable profits......»»

Norfolk Southern Corp. (NYSE: NSC) is starting a three-year sprint to improved profitability through the precision scheduled railroading (PSR) business model that's been embraced by a growing number of Class 1 railroads. read more.....»»

The 100-year-old zoo is already looking ahead to the next phase of its master plan, which will add 22 acres to the Montgomery County attraction......»»

Luongo: The Coming Apotheosis Of The Banks Authored by Tom Luongo via Gold, Goats, 'n Guns, About a year ago in a Private Blog post on Ask-Socrates.com Martin Armstrong let it slip that the real plan of The D.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shares of golf equipment manufacturer and Topgolf owner Callaway Golf Company (NYSE: ELY) hit new 52-week highs Tuesday after reporting first-quarter earnings. The company saw revenue at $651 million, up 47% year-over-year and w.....»»

"High-momentum 'winners' that had delivered the largest gains to investors ahead of the rate hike have usually lagged," Goldman said. BRYAN R. SMITH/AFP via Getty Images President.....»»

Despite strong earnings results, the stock faltered on F-35 cost concernsRelated Stocks: LMT,.....»»

AOC and Sen. Ed Markey's Green New Deal resolution proposes a 10-year investment in zero-carbon-emission transportation. It could cost trillions. Rep. Alexandria Ocasio-Cortez (D-NY). AP Photo/Jacquelyn Martin Sen. Ed Markey of Massa.....»»

Defense contractor Lockheed Martin Corp. said Tuesday it had net income of $1.8 billion, or $6.56 a share, in the first quarter, up from $1.7 billion, or $6.08 a share, in the year-earlier period. Sales rose to $16.3.....»»

The goal is to reduce net cash expenses this year by more than 40 percent......»»

The postmaster general announces his long-awaited strategic initiative, one that diminishes delivery standards and raises prices......»»