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December 21, 2012
11:32 EDTTXT, AIRMAir 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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July 28, 2015
06:32 EDTTXTTextron reports Q2 Aviation revenue $1.12B
Reports Q2 Bell revenue $850M; Q2 Systems revenue $322M, Q2 Industrial revenue $927M.
06:31 EDTTXTTextron backs FY15 EPS cont ops $2.30-$2.50, consensus $2.50
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06:31 EDTTXTTextron reports Q2 EPS cont ops 60c, consensus 59c
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July 24, 2015
07:44 EDTAIRMAir Methods should consider buybacks or exploring alternatives, says Stephens
Stephens noted the discount at which Air Methods trades compared to the multiple paid recently for its largest competitor and believes the company should "strongly consider" either share buybacks or exploring its strategic alternatives. The firm, which added that the deteriorating insured collection rate that Air Methods pointed to in its negative earnings preannouncement plays into the short thesis on the stock, keeps an Overweight rating on shares but lowered its price target to $49 from $58.
July 23, 2015
16:10 EDTAIRMAir Methods sees Q2 EPS 67c-69c, consensus 83c
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16:00 EDTAIRMAir Methods trading halted, pending news
July 21, 2015
10:14 EDTTXTHigh option volume stocks:
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July 19, 2015
20:33 EDTTXTMedia reports say Lockheed to buy UTX's Sikorsky
According to media reports, Lockheed Martin (LMT) has agreed to purchase United Technologies' (UTX) Sikorsky unit. The news comes after several months of speculation surrounding Sikorsky, and an announcement could be made just a day prior to second quarter earnings for both United and Lockheed. WHAT'S NEW: Reuters reported on Sunday that Lockheed Martin has agreed to buy Sikorsky Aircraft from United Technologies for over $8B, according to two sources, adding that the deal is set to be formally announced on Monday. The news was later echoed by Bloomberg, citing a person familiar with the talks. WHAT'S NOTABLE: United Technologies first reported that it was exploring strategic options for its Sikorsky unit on March 11. At the time, the company noted that options included a spinoff or a stand-alone public company, saying that the split could allow United "to better focus on providing high-technology systems and services to the aerospace and building industries." Following the announcement, UBS remarked that it was "not surprised" and reiterated a $136 price target on United shares. On May 20, the Wall Street Journal quoted sources as saying Boeing (BA), Airbus (EADSY) and Lockheed submitted bids for the helicopter maker, with a speculated deal thought to reach the $10B area. A June 9 report from Reuters added Textron (TXT) to the list of bidders. Today's news -- though unconfirmed by either United or Lockheed -- comes ahead of second quarter earnings reports for both companies scheduled for Tuesday, July 21. PRICE ACTION: Shares of Lockheed Martin declined 0.22% to $201.18 at the close of trading on July 17, while those of United Technologies fell 0.45% to $110.76.
15:31 EDTTXTLockheed Martin to buy Sikorsky for over $8B, Reuters says
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