(Adds details, byline) By Andrea Shalal WASHINGTON, March 7 (Reuters) - The U.S. Air Force on Monday named Pratt & Whitney as the engine maker for the new Northrop Grumman Corp long-range strike bomber, and defended the plane's "cost plus incentive fee" contract that has been challeng
Read moreWASHINGTON, March 7 (Reuters) - Pratt & Whitney, a unit of United Technologies Corp, will build the engines for the new Northrop Grumman Corp long-range strike bomber, U.S. Air Force Secretary Deborah James said on Monday. James said other key suppliers for the new bomber would include BAE
Read more(ShareCast News) - After a strong showing on Monday, the FTSE 100 was in the red mid-afternoon on Tuesday, down 31.34 points (0.52%) to 6,006.39. GKN led the fallers despite posting a steady set of results, reporting growth in sales and earnings across most of its operations. Sales at the firm incr
Read more(ShareCast News) - Steady sailing was the theme of the year at GKN, with the company reporting growth in sales and earnings across most of its operations on Tuesday. Sales at the FTSE 100 firm increased 4% through the year to 31 December to £7.23bn on a reported basis, from £6.98bn. On a management
Read more(ShareCast News) - The market is bracing for a busy day of full year earnings releases from a slate of FTSE 350 companies on Tuesday. GKN is expected to report a drop in earnings per share to 26.4p in 2015 from 29.0p the previous year as weakness in its Aerospace and Land Systems businesses offsets
Read more** Stoxx automobile and auto parts index attempts recovery as it records its first gain in 7 days, with individual stocks gaining between 1-9 pct ** Sector rises 2 pct in late morning trade; Jan was worst monthly performance since Aug 2011 ** Nokian Tyres (+8.8 pct) top performer on t
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