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Stock Market & Financial Investment News

News Breaks
July 15, 2014
04:55 EDTACN, ACN, ACN, ACN, ACN, ACN, ATR, ATR, ATR, ATR, ATR, ATR, WWD, WWD, WWD, WWD, WWD, WWD, LMT, LMT, LMT, LMT, LMT, LMT, BA, BA, BA, BA, BA, BA, BDRBF, BDRBF, BDRBF, BDRBF, BDRBF, BDRBF, BAESY, BAESY, BAESY, BAESY, BAESY, BAESY, ATI, ATI, ATI, ATI, ATI, ATI, RTI, RTI, RTI, RTI, RTI, RTI, ERJ, ERJ, ERJ, ERJ, ERJ, ERJ, ESL, ESL, ESL, ESL, ESL, ESL, AMRS, AMRS, AMRS, AMRS, AMRS, AMRS, AVAV, AVAV, AVAV, AVAV, AVAV, AVAV, TGI, TGI, TGI, TGI, TGI, TGIFarnborough International to hold air show
Farnborough International Air Show 2014 to be held in Farnborough, England on July 14-20.
News For ACN;AVAV;AMRS;ESL;ERJ;RTI;ATI;BAESY;BDRBF;BA;LMT;WWD;ATR;TGI From The Last 14 Days
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December 10, 2014
09:22 EDTTGITriumph Group deal 'highly favorable,' says DA Davidson
After Triumph Group (TGI) announced that it would be taking over the production of the G650 and G280 wing programs from Spirit AeroSystems (SPR), DA Davidson thinks the deal is "highly favorable" for Triumph. The firm says that Triumph acquired two programs that have been at the top of its radar for some time, received enough cash to cover initial cash flows, and still has considerable room to make further acquisitions. DA Davidson keeps a Buy rating on Triumph.
08:52 EDTACNAccenture December volatility elevated into Q1 and outlook
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08:52 EDTBABoeing delivery of first 787 to American delayed again, Dallas News reports
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08:15 EDTWWD, BAWoodward signs supply agreement with Boeing
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07:40 EDTATRBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.
07:24 EDTTGISpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
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06:47 EDTBABoeing says China planes deliveries to hit record in 2014, China Daily says
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06:27 EDTBACongress authorizes $1.46B for Boeing attack jets, Reuters says
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06:08 EDTBABoeing cutting over 560 employees in Southern California, LA Times reports
According to documents filed in California, Boeing is planning to lay off 253 people at its Long Beach facilities, 154 in Huntington Beach and 154 employees in El Segundo, the LA Times reports. The layoffs will occur this month and in early 2015. Reference Link
December 9, 2014
12:38 EDTBA, TGIBoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business,” the Journal quoted the company as stating. Reference Link
10:39 EDTWWDWoodward to host investor and analyst meeting
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10:01 EDTLMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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07:46 EDTTGITriumph Group to host a conference call
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07:45 EDTBAESYRaytheon, BAE asked to increase shipbuilding role in Australia, Reuters reports
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07:31 EDTTGITriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:22 EDTTGI, BABoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
10:04 EDTACNAccenture and Microsoft launch hybrid cloud platform
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05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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05:24 EDTACNAccenture awarded contract by Japan Tourism Agency
The Japan Tourism Agency, or JTA, has awarded Accenture a seven-month contract to provide management consulting services to help increase the number of tourists to Japan. The effort is part of the government’s initiative to attract 20M foreign tourists in the run up to the 2020 Tokyo Olympic and Paralympic Games. Accenture will present recommendations to JTA based on a survey the company develops to better understand the challenges tourists say they face in traveling to the country. The survey, which will be conducted at airports and other travel locations, will examine the environment for welcoming foreign guests in Japan, including communications infrastructure, payment and purchase options and multilingual support options. Results and recommendations will be shared across Japan and abroad.
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