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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
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March 6, 2015
06:57 EDTLMTGoogle pursues commercialization rather than DARPA contract for robot, WSJ says
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March 5, 2015
15:09 EDTNOCNorthrop Grumman licenses AFT technology to GE Intelligent Platforms
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09:04 EDTNOCNorthrop Grumman awarded $267M contract by U.S. Navy
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06:16 EDTLMT, NOCPentagon delays bomber contract until summer, WSJ says
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March 4, 2015
16:28 EDTGDGeneral Dynamics raises quarterly dividend to 69c per share from 62c per share
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06:33 EDTGD, LMTHP, IBM, others could be interested in Novetta, Reuters reports
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06:05 EDTLMTLockheed Martin, Raytheon compete for Europe missile deals, Financial Times says
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March 3, 2015
16:17 EDTAVAVAeroVironment sees FY15 revenue $250M-$270M, consensus $258.15M
16:17 EDTAVAVAeroVironment reports Q3 EPS 10c, consensus 6c
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February 27, 2015
18:10 EDTLMTLockheed Martin, United Technologies JV awarded $2B government contract
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17:29 EDTNOCNorthrop Grumman awarded $148.3M government contract
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February 25, 2015
12:31 EDTLMTLockheed Martin awarded two Navy contracts totalling $90M
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February 24, 2015
17:19 EDTLMTLockheed Martin awarded $129M government contract modification
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February 23, 2015
13:30 EDTLMTIsrael to purchase another 14 of Lockheed Martin's F-35s, Globes says
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10:21 EDTGDGeneral Dynamics awarded $415M contract by US Army
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06:42 EDTLMTLockheed Martin to pay $62M to settle retirement plan lawsuit, WSJ says
Lockheed Martin will pay $62M to settle a civil suit alleging its 401(k) plan charged unreasonable fees, reports the Wall Street Journal, citing legal filings and company statements. As part of the settlement, Lockheed will also have to submit monthly evaluations of certain aspects of its plan, offer new low-cost funds, and solicit bids from at least three large firms to serve as administrative managers of the company's retirement plans. Reference Link

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