U.S. weapons maker Lockheed Martin Corp (LMT.N) may revise upward its financial outlook for 2014 if Congress passes a two-year budget deal that would blunt the effect of mandatory budget cuts, Marillyn Hewson, the company's president and chief executive officer, told Reuters on Monday.
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U.S. arms makers reported higher quarterly earnings on Wednesday despite Pentagon budget cuts, with many raising their full-year forecasts, but the companies' order books showed an increasingly tough market.
Huntington Ingalls Industries Inc (HII.N) is on track to boost profit margins and keep paying dividends despite flat revenues in coming years, the U.S. shipbuilder's top executive said, citing ongoing efforts to cut costs and improve performance.
Boeing Co said on Wednesday it will restructure its defense, space and security business and cut 30 percent of management jobs from 2010 levels as part of a broad cost-cutting drive.
