Christopher Leonard

Shares of defense companies fall on spending cuts

Defense contractors Lockheed Martin and Northrop Grumman reported surprisingly strong third-quarter earnings Wednesday. But executives at both companies used the same discouraging word to describe...

Northrop Grumman 3Q profit up 5 percent

Northrop Grumman says its third-quarter profit rose 5 percent despite declining revenue as profit margins improved. The results beat analyst expectations and the company raised...

Lockheed Martin 3Q profit up 5 percent

Lockheed Martin Corp. says its third-quarter net income jumped 25 percent on higher sales and profits in its aeronautics division. But the company warned sales...