hosted by lockheed martin. it is our -- it is the largest k through 12 stem education and work force development event in the country. it is at the washington, d.c. event center, it's absolutely free to attend, and it's about two million square feet with about a thousand exhibiters, and about 3,000 hands-on exhibits. >> so here's some video of kids at the festival. stephanie, you said you took your kids recently last year, in fact. what are the kids going to be doing? >> so at our lockheed martin booth, we have a theme called this sign isn't fiction. when the kids come through, they'll get to see a things around space. one is called the insight lander. the insight lander is a real program that lockheed martin is working on with nasa, and that's why we say this science isn't fiction. and what the students will be able to do, it simulates the surface of mars, and the students will be able to participate in a virtual reality session with their smart phones exploring the surface of mars. they'll also get to take a

the move comes as lockheed prepares to merge its i.t. services with virginia-headquartered light toes, anoth toes. lockheed laid off 500 people six months ago. >>> mcdonald's all-day breakfast strategy seems to be working. it reported sales and earnings easily topping forecast. profits surged 30%. overall sales, though, slid slightly mainly due to the strength of the dollar which hurt overseas business. >> apparently we love breakfast anytime. for kids, the breakfast for lunch is always the most popular seller at school. go figure. >> i know. what's wrong with breakfast? >> pancakes, sure. >>> when we come back, the tiger found roaming the city streets . ? >>> coming up at 6, flanked by bodyguards, a bay area tech titan was back in court today, the charges he's facing. >>> also, we'll take you to ka cello where fans and musicians are honoring a music legend. >>> meet the frogs and their owners taking a leap to get into one of the largest frog jump competitions in the world. it's all coming up in a half hour on abc 7 news at 6. >>> a stra

lockheed martin posted a better tan 15% increase in sales in its latest quarter which tops analyst's estimates. profits, however, declined in costs associated with job cuts in the company's aeronautics division. despite the design, lay rose nearly 3%. standard & poor's downgrade its aaa exonerating to aa plus after citing lower oil prices and concerns over the company's debt level. this is the first time since 1949 that exxon ever received a rating lower than aaa. but that leaves only two american companies with aaa rating, johnson & johnson and microsoft. shares of exxon were, none the will up a tick to 8763. >>> ibp raised its quarterly dividend to $1.40 per share up from $1.30 t. yield on thing to is now 3.67%. shares of ibm were up a

, information systems because alice is plugged in to lockheed corporate network. and we're working through all of those issues. >> what i will tell you, today alice our logistics information system is operating on the d.o.d. networks. and in order for me to be allowed to put the system on the d.o.d. networks it has gone through over the last three to four years, vigorous cyber security testing and certification from agencies out to the nsa and dia. so the idea that the system today is somehow untested, is not an accurate statement, however, having said that, dr. gilmore is correct. i was hesitant last year to give the operational test community the authority to test and to end the operational system because we didn't have redundancy in part of the system. and if the testing were to knock off that part of the system, i didn't have a backup. we're building that back up today and as soon as that back up is in place, we will give the operational test community full authority to test the system as it operates in the field today, and that should happen before the end of

protest -- lockheed's protest. provider of a majority of 's to the air force is developing a next generation rocket that will be able to refuel in space. the ceo of the company says this opens the door to in-orbital assembly another complex space operation, a different approach ,or most aerospace companies including spacex, which is spaced on using the first rocket. admiral john richardson talked to "military times those quote reporter david larder about rebuilding should priorities, and managing the length of employment. >> so much for joining us. you have been outspoken about wanting sailors to learn things faster and make changes to existing processes. how do you do that in an organization that by design has a lot of red tape and procedure to be followed? >> first, i think we need to learn faster because our environment is moving very fast right now. i think it'sup, critical to our effectiveness that we can keep up with the pace of the environment. veryearning part is also important so that we are continuously i

my charitable trust owns lockheed martin.ing, i'm still waiting clarity on the accounting issues they're having and i don't need to worry about the clarity for lockheed martin. let's go to alec in rhode island. alec! >> caller: how are you doing, jim? big boo-yah from snowy providen providence, rhode island. >> really? i didn't know it was snowing up there. what's going on? >> caller: i've got atlantic company. i'm wondering where you're going on them. >> these speciality pharmaceutical companies cannot be bought here! >> don't buy, don't buy. >> i don't want you in them. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: "the lightning round" is sponsored by td ameritrade. ♪ he has a sharp wit. a winning smile. and no chance of getting an athletic scholarship. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade. atand that in a new house,tee a fyou probably don't sharece, the same tastes as the previous owner. ♪ [ dolphin chatters ] so when you ne

lockheed martin has acquired a helicopter maker. the world's largest military contractor says quarterly sales rose 15%. bp says its underlying profits fell 80% in the first quarter due to low oil prices which hit the lowest level in 12 years in january. ford, uber, and alphabet are forming a coalition to urge federal action on self-driving cars. they're lobbying to get politicians and the public on board. the group is led by david strikeland, a former official at the ntsb. the group also includes volvo. >>> yesterday the auto show in beijing kicked off. this is a trend we've been seeing around the world but demand nor suvs is driven by falling oil prices but in china for another reason. last year after more than three decades, china scrapped its one-child policy. more couples are having two children and so their choices are growing with their families. let's listen to one prospective buyer. >> i have two kids and when i ache take them out i need to put them in safety seats. the baby safety seat takes up a large space in the car. we

lockheed martin and coach. lockheed martin with a 15% jump in quarterly sales raising forecasts for the years. coach with its first quarterly profit in three years. big headlines coming out of both calls. courtney reagan has coach. let's start with jane defense wells covering lockheed. >> lockheed shares hit an all time high as senator john mccain blasts the f-35 program. earnings and sales in the first quarter were so good the company raised expectations for the year. sales for q1 beat estimates. earnings were shy but included a charge for layoffs. the company gets leaner. the ceo said the $9 billion acquisition of sikorsky is paying off. she wants to expand markets and customers. >> some emerging interests from other customers beyond the oil and gas sector for s-92 platforms and we are pushing aggressively into the search and rescue, vip transportation, and international military segments. >> vip transportation. as for the f-35 the company is on track to deliver 53. but the government accountability office to

world's already lining up for lockheed's air missile defense system. so yes, we've got tech and then we have everything else. it's so easy to focus on tech, because it's miserable. this is my bottom line. with when there are so many ways to win from stock issuance. rising budgets. takeovers, weaker dollar, we have to stay focused. or we can focus on apple, microsoft. you know what i say, you can own those. i'm not telling you not to. let's stay positive, even as we know a portion of the portfolio is deeply embedded in the house of pain. tom in ohio, tom. >> listen to you in the morning and the evening. >> can't get enough of me? >> talk to my wife, she's had it. >> my question for you is horizon pharma. whether to buy more, hold or sell. >> we're in the j & j market, we don't want to full around. the market is putting a premium on high growth. by the way, exxon lost its aaa balance sheets. not many companies can claim that. can i speak to david in new york, please. david? >> i'm calling about louisiana lemon, i know it's nearing # $59. should i buy in

lockheed martin. if you went away from this point, if you want to talk about difference right now, if you want to just go to dividends, that was this topic about the dividends with united technology, i go back to certain names, that have been slowly methodically moving to the upside. microsoft is not one of those names. it was actually a rocketship to the upside when you look back. >> microsoft, after earnings? >> out of the earnings. a buy again now -- i think it's oversold based on the reaction. that was one of those names that whatever they said, they had to be even better. cisco, when you look at that dividend yield right now and look at the cash that they have, $12 in cash, $28 stock and getting almost a 4% yield, wow. >> up next, the shocking report that's taking goldman's management to task, and claiming the big bank needs to rethink its strategy after a lost decade. we've got the details. >>> underarmour star athlete steph curry out for two weeks with an injury. this could be a good thing for

basically what is happening, american taxpayers are subsidizing the profits of the lockheed, douglas, mcdonnell douglas, northrop grumman and so realnd those are the israel lobby. they are the ones who want that grant of $3 billion plus a year to go to israel. amy: so talk about both aid to israel and to egypt for some of the largest recipients of aid in the world, and how much of that aid of those billions of dollars go to, in the end, u.s. arms manufacturers like lockheed martin. >> israel gets a little bit over $3 billion officially grant and ella tererry aid, egypt gets somewhere between $2.1 bibillion and d $2.3 billilion. ththat proportion wawas set up following the 1979 egyptian-israeli peace treaty and has remained fixed since then. those are gifts. israelelets the momoney every quarter inin advance, not tied o any project. some proportion of that money can be spent inside israel.l. some of it for israeli equipment, some of it for equipment that israel manufacturers for itself and for the ununited statates military. most of it is spent in the united states. in the case o of eg

boarding lockheed martin's mars experience bus.use video game technology to simulate what it's like to drive on the surface of mars. lockheed martin is trying to get students excited about science, technology, engineering and math. >> s.t.e.m. jobs are growing so fast that economists project there will be 2.4 million unfilled s.t.e.m. jobs by 2018. and listen to this, s.t.e.m. degree holders earn higher wages regardless of whether they work in s.t.e.m. or non-s.t.e.m. jobs. >> the students rode the mars experience bus to the washington convention center where they got a sneak peek at the usa science and engineering festival. storm team4 meteorologists and the 4 x 4 will be there all weekend. >> that's right. >> what day are you doing? saturday, sunday? >> i am doing sunday. i will be there at 9:00. i'm from there 9:00 to about i'm interviewing will wheaton. from star trek. i used to love star trek the next generation among some other things he did. >> fantastic. out of this world. >> absolutely. it's such a cool experience and, you

worked with lockheed martin across an entire company as well as some other teammates. the good news is we understand where the difficulties are and execute.st have to i think we will be two months late to getting that done but i think we will be able to get it done. >> you can at least contain the delay and look forward and conclude that you have a known quantity. >> because of budget reductions and the inability to retire the a-10, the air force is concerned about a potential shortfall to transition to a 35 units and keep those weapons save and functional. able toair force been resolve this problem in the short term and what long-term complications do you see that might still exist for ensuring the maintainers is keeping pace with the process of integrating the f 35 into the air force. term, with art shortage of maintainers for the ioc capability, they asked the theram office to populate entire squadron at luke air force base. we did that at luke air force base today. maintainedline is with 110 contractors as opposed to maintainers. that gave the air force the flexibi

lockheed martin posted a better tan 15% increase in sales in its latest quarter which tops analyst's estimates. profits, however, declined in costs associated with job cuts in the company's aeronautics division. despite the design, lay rose nearly 3%. standard & poor's downgrade its aaa exonerating to aa plus after citing lower oil prices and concerns over the company's debt level. this is the first time since 1949 that exxon ever received a rating lower than aaa. but that leaves only two american companies with aaa rating, johnson & johnson and microsoft. shares of exxon were, none the will up a tick to 8763. >>> ibp raised its quarterly dividend to $1.40 per share up from $1.30 t. yield on thing to is now 3.67%. shares of ibm were up a fraction. >>> turning now to the topic of social security where two popular and lucrative strategies for claiming the benefits of being eliminated. sharon eperson joins us now with what you need to know. sharon, you think time is running out. you asked me earlier today, how old i was. >> it's not time to collect. >> when i was 29. >> that's why i ask

we sent, we've worked with lockheed martin across the whole company as well as some of their teammates, and we have brought in some software experts from within, the od to -- within dod to try to figure out where those difficulties lie. the good news is there we understand where the difficulties are, now we just have to go and execute, and like i said, i think we're probably going to be about two months late getting that done, but i think from a technical standpoint, we'll be able to get it done. >> it's good to know. it's good anytime you can at least contain a delay and look forward and conclude that you've got a known quantity. because of budget reductions and the inability to retire the a-10, the air force is concerned about a special shortfall of experienced uniform maintainers to transition to f-35 units and keep those weapons safe and to keep them functional. so, general bogdan, has the air force been able to resolve this problem in the short term, and what long-term complications do you see that might still exist for insuring that a generation of maintainers is being trained to

systems, information systems because als is plugged into the lockheed corporate naetwornaepenet work. over the next couple of years i expect we have done adequate rigorous testing. we're at the beginning of it. >> and general, how is the program office working to address these issues? the doctor mentioned some accommodations, but there's still the need for the live testing. how are you addressing all of this? >> yes, ma'am. what i will tell you today als, our logistics information system is operating on the dod networks. in order for me to be able to put the als system on the dod networks it has gone through over the last three or four years vigorous cyber security testing and certification from agencies outside, including the nsa and dsa. the idea that the als system today is somehow untested is not an accurate statement. however, having said that, dr. gillmore is correct. i was hesitant last year to give the operational test community the authority to test end to end the operational system because wee didn't have redundancy in part of the system. if the testing were to knock off th

and we will get to lockheed and 3m and coach and whirlpool, hershey and a lot more. more "squawk on the street" from post nine after a break. from virtually anywhere. it's been smashed and driven. it's perceptive enough to detect other vehicles on the road. it's been shaken and pummeled. it's innovative enough to brake by itself, park itself and help you steer. it's been in the rain... and dragged through the mud. the 2016 gle. it's where brains meet brawn. lease the gle350 for $599 a month at your local mercedes-benz dealer. the call just came in. she's about to arrive. and with her, a flood of potential patients. a deluge of digital records. x-rays, mris. all on account...of penelope. but with the help of at&t, and a network that scales up and down on-demand, this hospital can be ready. giving them the agility to be flexible & reliable. because no one knows & like at&t. >>> shares of sarepta plummeting in the premarket. the panel said the drug had not been proven effective. piper, jim, as you say goes hold to sell. >> yeah. suntrust talked about negative cut. this

the first contract was $20 million awarded to the team at lockheed martin to crit a quieter -- to createsonic jet. >> today on monday, we ended slightly lower in the red across our major indices, but they were only slightly lower. the s&p was down about 0.2%. the nasdaq was the biggest lagger, but not so bad. this was its lowest in nearly two weeks. looking at the broader look, we are looking at something on the order of 1.3% down. the drop over the past three days, from the 20th through the 22nd, this is its biggest three-day drop since february. let's look at the nasdaq biotech index. down by about 0.9% this monday. the reason for this is that parago is dragging down finance companies. it lowered its 2016 eps below the lowest estimates to about $28.60. they also named a new ceo, and are expecting even mark a petition. a trifecta of terror when you look at their stock. that is having a ripple effect. when you look at other pharma companies on the nasdaq, you can see it. endo down 6.7% and mylan down 3.2. for both of these copies they are down the most since february. emily: we have t-mo

that's why i've been recommending lockheed martin. then raytheon and third, northr northrup. if you're in the wrong stocks. earning seasons for the six big u.s. banks is concluded. tonight i'm going to tell you which place could pay. stay tuned. and then is it enough for the challenges? i'm answering my take. and bill pulte passed a scholarship to build his first home in 1950. now there is a battle in the board room. i'm heading ring side to take a closer look. so why don't you stick with cramer! >> don't miss a second of "mad money." follow @jim cramer. send jim an e-mail to "mad money" at cnbc.com. or give us a call. miss something? head to "mad money".cnbc.com. >>> last week jpmorgan kicked off the portion of the earnings scenic with a quarter that is a lot better than people field. ever since goldman sachs reported yesterday with dismal results, basically, we've not realized we've heard from all the financial groups. so now we've got a complete picture of the performance this earnings season. what are the crucial takeaways for this group of the s&p? trading revenues, inve

there was something created, the defense security base -- there are lots of interchanges, lockheed martin, three defense companies left, doesn't require that much but -- in recent years again, there are information sharing systems, this is what you do, but no, when dick clark was the cyberguy in the white house, he has a certain authority you could say, he wanted to control everything and he wanted to lay down mandatory security requirements and create something called the fib net, basically an internet for critical infrastructure where their internet would be hooked up to something like a government agency which would be able to tell when they were being hacked and they can come to the rescue. private industry didn't want that and the commerce department didn't want it and the treasury department didn't want it. that idea kind of went by the wayside. it is hard -- you have to accept the whole package and most people don't want the whole package which is why the nsa by statute is prevented from doing certain things. and the domestic context, unless they have a court order or a letter sign

this combat -- competition is --ween lockheed martin and water is chosen. betty: this is betty. curious about the artistic participation specifically in australia. are you going to be sending engineers to australia? are you going to be involved in the design of the submarine? >> the first that will be ns and itss dc partner, the australian shipyard that is involved in the construction of the submarines. we are already present in australia with more than 3000 -- we're already a worldwide center of expertise in acoustics and sonar. we will be involved in the construction and design and supply of the sonar. given this very significant contract coming from cns, do youd the plan on increasing your stake in the company? topriority zero would be book the contract. secondly the challenge will be to execute perfectly the contract. it is not the question of the day. at least for me. mark: thank you for joining us, patrice caine. thatclusive interview on massive deal that took place today. huge a deal. not so great for the japanese who had tried bidding for that. let's move over to greece.

. >> we're sitting here in the lockheed martin booth. just in this booth you can learn about arrow spaerospace and rob. you can see all the stuff they've got going on over there. chevron's upstairs and nasa and spacex and all these great organizations. nowhere in america und o roof can you see this many disciplines and it's all for kids and it's all free. >> reporter: saturday and sunday, that's when it's open to the general public. how cool is that. i don't know if you can see it but there's technology that allows you to have super human strepgts here. it's designed to allow you to lift heavy tools as if they are weightless. and then, again, we can't miss out on saying our meteorologists will be here wi. storm team 4 x 4 is here. they'll be here all weekendancing your questions. part of our campaign and commitment to work for you in the community. that's it for now from the washington convention center with tons and tons of kids from military families to school groups here for the sneak peek day. but, again, check out of website to get

this is so sophisticated that congress passed a law making it illegal for lockheed to sell it overseasraft. officially, this was simply a training exercise to move the f-22s from a fixed base in the united kingdom to a temporary operating base in romania. what this was intended is a show of support to nato allies and show of force against an increasingly assertive russia. as you mentioned before, earlier this month, we saw russian fighter jets buzzing closely to the "uss donald cook." the destroyer war ship in the baltic sea. russia is projected to spend nearly $2 billion on modernizing black sea fleet by the year 2020. what we have been seeing is a tit-for-tat on one side and the russians on the other side. russia sees this differently. they see nato as aggressors. it will be very interesting to see how the russians interpret the latest move from the u.s. landing two f-22 fighter jets here in romania. >> and interesting how they respond, clarissa. what is likely to be the range of options? >> reporter: well, i think there's a number of options. you could see more provocative such as t

>>reporter: the first air force one was this lockheed constellation.dent eisenhower flew it over the american troops in korea. >> president this toilet. [laughter] >>reporter: you can see at the tail number, 86-10. in 1954, with eisenhower, air traffic controllers got this plain confused with an eastern airlines flight 86-10 and the secret service had a breakdown and they came up with the unique identifier, air force one. >> he was at this chair and a very nice table. >>reporter: dynamic aviation, in the shenandoah valley, found the first air force one rotting in the arizona desert. >> it had been there for 13 years. >>reporter: the air force sold it with four other planes in 1972 a crop dusting company for scrap. >> yes. >> cannibalized. >> to see pictures of this airplane sitting on its tail with no engines. >>reporter: it has take again. in the next 2-for years, he plans to completely refurbish it and make it a flying tribute to america of the 1950s. in bridgewater virginia, bruce leshan, wusa9 news. spak pretty cool up close look. you might find th

that technology is so sophisticated that congress passed a law making it illegal for lockheed martin,overseas. now, officially this was just a training exercise, but really the symbolism was important because this was definitely intended as a show of support for nato allies in the region, but a show of force against russia which has been increasingly assertive in the region. also as you mentioned, we saw the russian attack jets flying really low over the "uss donald cook" in the baltic sea earlier this month. it will be interesting to see how russia responds. those two f-22s have gone back to the united kingdom. certainly in a tit-for-tat game, this was a show of force by the u.s. it will be interesting to see how russia responds. john. >> we will wait and see. clarissa ward for us this morning. interesting report in romania. >>> time for an early start on your money. dow futures higher. corporate earnings due today. oil steady. just below $43 a barrel. stocks in europe higher right now. shares in asia mixed overnight. apple could post the worst quarterly results in a decade after the

lockheed martin. lmt. i hope to see it this weekend.o to lee in california. >> caller: boo-ya! >> right back at you. >> i like blackstone. we're getting a better ipo market. i would rather be a buyer. frank in michigan. >> caller: good evening, professor cramer. >> hi. >> caller: i'm wondering about haines. >> they report next week. i think the stock is down so low that it might be okay. but it is in the penalty box. >> with see the how it does before we pull the trigger. and that ladies and gentlemen, is the conclusion of the line round! >> the line round. sponsored by td ameritrade. the. >> tom in ohio? >> caller: listen to you in the morning and the evening. >> can't get enough of me, huh? talk to my wife. she's had it. to phil. >> caller: your thoughts on buying harley-davidson? >> i was on one this weekend my friend michael haley who just bought one and it was just great. i am giving you permission to go buy a hog like the one i was on. and i tweeted it. and i looked pretty good. the speakers were great. not the stock. this is abou

lawsuit, accused of swindling clients out of millions of dollars in another famous case, former lockheed martin employee paul kranich accusing him of taking more than his fair share of the $130 million payout for lockheed martin's decade-long chemical exposure class action suit in the '90s. court documents obtained by abc news say girardi, his partner robert finnerty and their farm girardi keese defrauded their clients by charging excessive fees and costs and fraudulently converting settlement proceeds. 130 million bucks were spent in part on girardi's own aviation company and even on his divorce costs. >> he's feathering his own theft at the expense of the clients. so that's just wrong and fraudulent. >> reporter: kranich now asking for $50 million in damages. >> this is absurd. we didn't have anything to do with the distribution of the funds. >> reporter: girardi says the real housewives show made him a target. >> it's life and you take the good with the bad. >> having all of these great things, it's not 100% awesome all the time. just most of the time. >> and girardi telling us he fir

. >> reporter: lockheed martin's ceo want more children to think s.t.e.m. programs. >> we have a shortfall in the united states and globally. so the more we can do as parents, as teachers, as leaders to focus our students on how exciting it can be to pursue a career like that, the better it is for your nation, for our economy, and for the world. >> check it out. a full-scale model of in sight mars lander set to reach the planet by 2018. just imagine your kids' faces knowing they could be the next sp happen. at the washington convention center, molette green, news4. >> and news4 will also be at the convention center for the festival this weekend. be sure to look out for members of storm team4 and look for the storm team4 x 4. i understand there are also going to be phoning the international space station tomorrow around 12:00. if you're done there. >> something to look forward to. >>> all right. if somebody tells you a loved one is being held at gunpoint, do you pay up for call police. the news4 i-team investigates a scheme designed to play on your worst fea

both lockheed martin and northrup drummond joining the list. this is a big industry for us. i wish there was more aerospace on the list. finally, there are indeed too many utility companies to mention here on the list. that impresses me. verizon is on the list which is good enough for me to say interest rate sensitive stocks are loved here. a rally in utilities would be a sign of low growth. that's incorrect. it is a statement that the fed isn't going to raise rates soon. that's fertile ground for high yielding stocks in the future. here is how i look at it all. when everyone dislikes the market as so many people do you can't expect the good stocks to be on the new high list. that would be counterintuitive. when you see the distribution you know the leadership is beckening and others will follow. not in a straight line. history says this list with these stocks will expand, not contract from here. so here's the bottom line. fellow travellers in the crescent city have heard the mouthfulle you would have gotten if the jazz weren't that sweet, the sun not that strong and my daug

awarding $83 million contract to launch a gps satellite breaking a monopoly that lockheed martin and boeing had held on. the satellite will launch in may of 2018. >>> amazon reports earnings after the close, and i will bring you all the numbers on "after the bell" at 4:00 eastern time. more "countdown to the closing bell" is straight ahead. . liz: look at this, the closing bell with 20 minutes away, a stomach churning drop within the last 30 minutes or so. moments ago the dow was down 240 points. the low of the session. down 203. we have tack on more than 100 points to the losses just from the top of this hour. much of it due to weakness in apple and ibm. we're watching this closely. dow is on track for the worst drop since february 11th at the moment. you got to add the gdp print that looked very ugly for the first quarter. a growth of 5/10 percent. with five days until indiana's primary, not so flattering comments regarding candidate ted cruz. former house speaker john boehner called cruz, quote, lucipher in the flesh. while on the other hand saying he's played golf and texting don

. >> the first air force one was this lockheed constellation.dent eisenhower flew it over the american troops in korea. >> president eisenhower used the toilet here. >> you can see the tail number, 8610. in 1954, with eisenhower aboard, flying over richmond, air traffic controllers got this plane confused with eastern airlines flight 86 to secret service. freaked out. that's how they came up with the unique identifier, air force one. >> so, he would have had a chair here and a very nice table here. of government contracteddor, dynamic aviation, in the shenandoah valley, found the first air force one, roting in the arizona desert. >> have been fun for 13 years. >> in 1987, the air force had sold it with four other planes to a crop-dusting company. for scrap. >> cannibalized? >> yes. and if you had seen pictures this airplane, sitting on its tail with no engine. >> reporter: it has taken 7,000 man hours, just to get it flying again. but in the next two to four years, he plans to completely refurbish it, make it a flying tribute to america of the 1

politics, and one is the fact that it benefits large numbers of weapons contractors like boeing and lockheedtin and others. nermeen: one of the justifications some u.s. officials have made about continuing arms sales to saudi arabia is that they are precision bombs that are actually diminishing the number of civilian casualties in yemen. >> that is an outrageous claim. they're trying to divert attention. it is not even clear the saudis are making any effort to protect civilians. if you're aiming at civilians, regardless of the bombs are accurate or inaccurate, you're committing a war crime. the saudis have block an investigation into what is going on with the tacit support of the united states. effect want to have an on civilian casualties, they should cut out the bombs and missiles and push for an independent investigation. the notion that more accurate bombs somehow solve this problem , is not only outrageous, i think it is unconscionable. amy: i would like to turn to a clip from a recent conference organized by the antiwar group codepink in washington, d.c., last month. mohammed al-nimr,

. >> that's fine, but we seemingly in a golden age -- pete talks about lockheed martin.se stocks since '09 have been on fire. phil lebeau will be on later. we're having historic numbers. so we're arguably the best environmental company a has ever seen for the products that they make and a stock has gone sideways to slightly higher. there is something wrong there that i can't put my finger on. it split up the company. go at it. i don't know if that mixes anything. if you have a lousy ham sandwich and you cut it in half, you just have two lousy ham sandwiches. >> i'd rather have thundershono. >> it was down whatever percentage in the first part of the year and then the last quarter and it's rocketed to the up side. why? seems to me like there has been a lot of areas in the term space where you're seeing material stocks take have been moving to the occupy side. is a lot of that based upon anything other than short covering? i said say no. a lot of that is short covering and it's not actually about what they're to go. klaus sees profits in all these different area, but you l

paul kranich accuses giardi of taking more than his fair share of the $130 million payout for lockheed martin's decades-long class action lawsuit in the '90s. court documents obilitied by abc say giardi, their partner and the firm defraud the clients by charging excess fees and costs and diverting settlement proceeds. the lawsuit says a chunk of the $130 million were spent in part on giardi's own aviation company, and even on divorce costs. >> he's feathering his own nest at the expense of the clients. so that's just wrong and fraudulent. >>reporter: greenwich now asking for $50 million in damages. >> this is absurd. we didn't have anything to do with the distribution of the funds. >>reporter: giardi says the real house wives show has made him a target. >> it's life and you take the >> having all of these great things, it's not 100% awesome all the time, just most of the time. >>reporter: ken rosato, channel 7 eyewitness news. >> well, giardi says he firmly believes that this will be thrown out of court. he also wants to seek sanctions against the attorney who file the suit. >>> you ma

>> okay, i think the gold standard is neither, it's lockheed martin, which is why my charitable trust has a big position of it. but if between the two, northrop grumman and raytheon, raytheon has great growth and it's a great international defense story so i would pick raytheon. larry in iowa. larry. >> caller: yes, good morning. >> well. >> my question, jim, is about the silver bullion at market. years ago it was approaching $50. it's now under $20. do you see that market improving? >> no, i don't want silver. i prefer gold. i have -- since the show began i have always said you need some money in gold. now, i have to tell you, i think the best way to do it is to own the bullion, if you can't own the bullion, own gld, if you insist on stock own rand gold because that's a low cost producer. ian in indiana. >> caller: jim, gonna hit you with a booyah. my question is on western digital. what needs to happen for this stock to go higher? >> they need to streamline this acquisition and cut costs and blow away the numbers because right now i have to tell you, western digital, don't buy. some

the contract is a loss for boeing and lockheed whose joint venture has had a virtual mon p monopoly ontracts like that for years now. you are up to date, and more "halftime" after a quick break. the e-class has 11 intelligent driver-assist systems. it recognizes pedestrians and alerts you. warns you about incoming cross-traffic. cameras and radar detect dangers you don't. and it can even stop by itself. so in this crash test, one thing's missing: a crash. the 2016 e-class. now receive up to a $3,000 spring bonus on the e350 sport sedan. man 1: i came as fast as i man 2: this isn't public yet. man 1: what isn't? man 2: we've been attacked. man 1: the network? man 2: shhhh. man 1: when did this happen? man 2: over the last six months. man 1: how did we miss it? man 2: we caught it, just not in time. man 1: who? how? man 2: not sure, probably off-shore, foreign, pros. man 1: what did they get? man 2: what didn't they get. man 1: i need to call mike... man 2: don't use your phone. it's not just security, it's defense. bae systems. >>> we are back on the "halftime report" and exxon and chev

. >> pete talked about lockheed martin, last week one of the segments we did and we talked about defense stocks and lock at what trade on what was a pretty lousy tape. home depot i agree. i think you stay long. coca-cola above 45 bucks which was a double top from about four or five years ago. certain names you absolutely stay with and to your point about bonds. tlt i still think goes higher from here which i mean i believe that u.s. yields are going. >> we're in what, 1.72? >> yeah. >> closed 165 to 170 and tested all the way down to 163. 160 is a very important level to me on the ten-year. look, guy's been right on with this trade for a long time and every time we've had this chance to kind of trade north and break out. i would say we've actually failed. let's see right here because this is a very important level. we're at this place where people are trying to equate global yields with this thing that something must be very, very wrong. i think the reality is that it's not what we should be. want to see yields normalize and they won't be any time soon and imputing a global collapse upon

lockheed martin and boeing, high-priority contract involves launch of a next-generation gps satellite set for may of 2008. stock is searching in the free market, first-quarter earnings yesterday smashed expectations and user growth and mobile ads, facebook beating estimates and revenue for the first quarter, $5.2 billion in ad revenue up 57% from last year, 118 and change today. >> facebook pushing back in the face of weakness for other technology companies. stock is up already and we have seen weakness in the tech sector this earnings season. >> you hit the nail on the head, mark sucker gets execution has been flawless lose there has been tremendous change. dagen: sheryl sandberg's execution of mark sucker berg. >> both of them. they have been a great team. more like yahoo will be the big contrast, yahoo took strategic direction the same time as facebook. most of their initiatives have fallen flat. everything facebook has done has been dead on in terms of where the market is going. dagen: the difference between facebook and yahoo, different situations they are facing. >> over the sam

lockheed martin was amazing.th r northrup drummond was amazing. >> i'm going to take over for a minute. the on tecontent, which is onlyg more highly valued, as in the case of dreamworks, but dreamworks is going to be up sharply given that $41 a share all-cash deal. they expect the deal to close in the fourth quarter of this year. it's a big price. when you look at the highest price targets out there, they were based on a ten multiple to ebidta being discounted back. there will be questions about how much our parent company is paying. having discussed this briefly with people involved in the situation, they tell me the sg & a at dreamworks was very high, we'll be able to cut there substantially and they see significant synergies on revenues, whether it comes from distribution, products. mr. katzenberg in longer will be a part of running the company on a day-to-day basis. he'll act as a consultant. that was probably a key part of this. each tried previously to potentially work a deal with soft bank or even hasboro.

systems and we are also going to have to find a way to do some sort of cybersecurity assessment of the lockheednformation systems because the analysts are plugged into the corporate network and we are working through all those issues and over the next couple of years i expect we will have done very adequate testing that we are just at the beginning of it. it. >> and a general, how is the program office working to address these issues? the doctor mentioned to some accommodations but there's still the need for the life testing. how are you addressing all of this? >> what i will tell you today, alis is operating on the dod networks and in order for me to be able to put the system on the networks, it's gone through over the last three or four years very vigorous cybersecurity testing and certification from agencies outside to include the nsa. so, the idea that the alis today is somehow not tested isn't an accurate statement. however having said that, doctor gilmore is correct. i was hesitant last year to give the operational test community the authority to test into the operational system because w