Newsfeeds - Spark Newswire

2 minute read

FY24 Defense Budget Proposal – Here’s Why Morgan Stanley Is Bullish On Defense Spending

Today, 3:57 AM

Morgan Stanley analyst Kristine T Liwag, on the eve of the President’s FY24 budget request on March 9, spoke with a host of Defense and Government Services companies to know the pulse. The multiple management teams and industry experts suggested they expect to see about 3% - 5% growth in the topline above FY23 enacted levels.

BAH

2 minute read

China Sets Low Economic Growth Target, Increases Military Spending: What You Need To Know

By AJ Fabino

Today, 3:57 AM

China has set a target of approximately 5% economic growth in 2023, its lowest target in over 30 years while increasing its defense budget. What Happened: President Xi Jinping is seeking to restore the pre-COVID-19 pandemic levels of growth, and the low 5% target could be indicative of China’s increasing headwinds.

LMT

2 minute read

Northrop Grumman Test Fires Stage-One Solid Rocket Motor For Sentinel Missile; Co. Earlier Announced It Has Been Selected To Enhance Networks For U.S. Air Force

By Happy Mohamed

Today, 3:57 AM

Northrop Grumman Corporation (NYSE:NOC) conducted its first full-scale static test fire of the Sentinel stage-one solid rocket motor at the company's test facility in Promontory. This development test will

NOC

2 minute read

Year Of Volatility: Stocks Exposed To Russia-Ukraine War See Big Gains/Losses

By AJ Fabino

Today, 3:57 AM

It's been one year since the world watched as Russian President Vladimir Putin mobilized over 100,000 troops along Ukraine's border, signaling a possible full-scale attack.

ALB