New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 9, 2014
11:16 EDTLMT, NOC, AVAV, GDAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
News For AVAV;LMT;GD;NOC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 30, 2015
12:28 EDTLMTLockheed Martin wins South Korean fighter jet contract, Reuters says
South Korea has selected Lockheed Martin (LMT) to develop a mid-level fighter jet in partnership with Korea Aerospace Industries for $7.9B, reports Reuters, citing statements from the Defense Acquisition Program Administration. The two companies beat out a bid from Korean Air Lines and Airbus (EADSY), notes Reuters. Reference Link
08:02 EDTNOCRaytheon awarded $45.7M South Korean contract
Raytheon (RTN) has been awarded a contract valued at up to $45.7M by Northrop Grumman (NOC) Aerospace Systems for ground segments in support of four Global Hawk unmanned aircraft systems recently purchased by the Republic of Korea. Under this contract, Raytheon will deliver one building-based and one mobile ground segment to locations in South Korea. Work under the contract will be performed at Raytheon's Dulles, Va., facility and is expected to be completed by mid-2019.
March 27, 2015
17:08 EDTLMTLockheed Martin awarded $485M government contract
Lockheed Martin Missiles and Fire Control, Orlando, Florida, has been awarded a $485M firm fixed price with minimal cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. Contractor will provide multiple Sniper advanced targeting pods including initial spares, 1K forward-looking infrareds, and two-way data links. It also includes other items as specified in the contract. Work will be performed at Orlando, Florida, and is expected to be complete by March 26, 2018. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, is the contracting activity.
March 25, 2015
10:00 EDTGDOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:08 EDTNOCNorthrop Grumman selected by Royal Canadian Air Force
Northrop Grumman announced it has been selected by the Royal Canadian Air Force to provide infrared missile protection on its fleet of CH-147F Chinooks.
08:08 EDTGDGeneral Dynamics upgraded at RBC Capital
Subscribe for More Information
06:34 EDTLMTLockheed Martin likely to miss out on portion of F-35 incentive fee, WSJ says
Subscribe for More Information
06:19 EDTGDGeneral Dynamics upgraded to Outperform from Sector Perform at RBC Capital
March 24, 2015
08:46 EDTNOCCPI Aerostructures awarded $1.21M contract by Northrop Grumman
Subscribe for More Information
March 23, 2015
10:24 EDTLMTRADA Electronic selected by Lockheed Martin for laser weapon research projects
Subscribe for More Information
08:13 EDTNOC, GD, LMTBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
Subscribe for More Information
08:01 EDTLMT, NOCBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
07:35 EDTLMTLockheed working to resolve technical error with GPS satellites, Reuters says
Subscribe for More Information
March 20, 2015
09:02 EDTNOCUS Air Force Sustainment Center and Northrop enter into partnership agreement
Subscribe for More Information
March 19, 2015
16:10 EDTNOCNorthrop Grumman wins recompete for DISA task order
Northrop Grumman has been awarded a task order by the Defense Information Systems Agency, or DISA, to continue its lead role on the Acropolis and Sensor Operations program - a capability that protects DISA-managed networks from cyber-attack and provides global cyber situational awareness for these networks. The award is worth up to $73.6M over four years.
March 17, 2015
14:41 EDTLMTLockheed Martin nearing F-16 upgrade deal with Singapore, Defense News says
Subscribe for More Information
13:01 EDTGDGeneral Dynamics unit selected for $1.3M task order
Subscribe for More Information
07:18 EDTLMT, NOCSatellite & Access Intelligence to hold a exhibition
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use