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Stock Market & Financial Investment News

News Breaks
December 21, 2012
11:32 EDTAIRM, TXTAir Methods enters agreements to purchase 42 new aircraft
Air Methods Corporation (AIRM) announced it has entered into agreements to purchase 20 Bell 407s, 10 Eurocopter EC130s, six Eurocopter AS350s, and six Eurocopter EC135s. These new aircraft will directly support Air Methods' commitment to maintaining a modern air medical fleet as well as future growth opportunities. Delivery of the aircraft will start in 2013 and continue into 2015. Bell Helicopter is a division of Textron (TXT).
News For AIRM;TXT From The Last 14 Days
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February 26, 2015
16:10 EDTAIRMAir Methods provides update on preliminary January flight volume
The company also provided an update on preliminary January flight volume and net revenue per patient transport. Total community-based transports during January 2015 were mostly unchanged at 4,534 compared with 4,542 during January 2014. Same-Base Transports for January decreased 335 transports, or 8%, while weather cancellations for these same bases increased by 365 transports. Preliminary net revenue per patient transport during January 2015 increased 15% to $12,740 compared with $11,074 during January 2014. The company also announced that community-based transports for February to date reflect a 13% increase, due in part to reduction in weather cancellations month to date.
16:09 EDTAIRMAir Methods reports Q4 EPS 59c, consensus 47c
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February 23, 2015
06:51 EDTTXTAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 15, 2015
16:45 EDTTXTFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link

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