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Stock Market & Financial Investment News

News Breaks
July 9, 2014
11:16 EDTGD, LMT, NOC, AVAVAeroVironment 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
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August 27, 2015
15:01 EDTNOCNorthrop Grumman awarded position on TSA III contract
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August 26, 2015
17:03 EDTNOCNorthrop Grumman awards second Australian supplier contract
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16:26 EDTLMTOn The Fly: Top stock stories for Wednesday
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11:08 EDTLMTOshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
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06:13 EDTLMTBAE Systems loses multibillion dollar bid to build new Humvee, U.K. Times says
BAE Systems (BAESY) has lost out on a bid to build new Humvees for the U.S. Army, The U.K. Times. The Army selected Oshkosh (OSK) for the $6.7B contract over BAE, which was part of a consortium led by Lockheed Martin (LMT), and AM General, which built the original Humvees. Reference Link
August 24, 2015
09:11 EDTAVAVAeroVironment awarded contracts totaling $47.1M by U.S. Army
AeroVironment announced receipt since May 1, 2015 of ten orders from the United States Army totaling $47.1M for RQ-11B Raven and RQ-20A PumaAE unmanned aircraft systems sustainment. This total value includes seven orders awarded on July 23 totaling $35.2M.
08:33 EDTLMTOrbital ATK signs contract with Lockheed to produce propellant tanks
Orbital ATK (OA) announced that it recently signed a contract with Lockheed Martin (LMT) to produce propellant and pressurant tanks for Lockheed Martin's updated A2100 satellite platform. The five-year contract continues a 20-year relationship between Orbital ATK and Lockheed Martin for satellite fuel tanks produced by the company's Space Systems Group in Commerce, California. Under this new contract, which extends through March 2020, Orbital ATK will produce all of the modernized A2100 flight sets for the next five years.
August 20, 2015
10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
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09:10 EDTAVAVAeroVironment receives contract from U.S. Army totaling $3.4M
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08:51 EDTLMTLockheed Martin upgraded on free cash flow outlook at Sterne Agee CRT
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06:03 EDTLMTLockheed Martin upgraded to Buy from Neutral at Sterne Agee CRT
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August 19, 2015
10:10 EDTLMTCiti says Army contract could be worth $30B, ups Oshkosh to Buy
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August 18, 2015
10:01 EDTLMTMaterion announces initial delivery of AlBeCast castings to Lockheed Martin
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August 17, 2015
09:29 EDTLMTLockheed Martin and Weibel Scientific partner for ballistic missile project
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