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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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November 24, 2014
10:01 EDTGDSmith & Wesson, General Dynamics partner on modular handgun system
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09:19 EDTLMT, GD, NOCDefense Secretary Hagel said to be stepping down, NY Times reports
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November 21, 2014
17:07 EDTLMTLockheed Martin awarded $4.12B government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics, is being awarded a $4.12B modification to a previously awarded fixed-price-incentive firm-target contract for the production of 43 Low Rate Initial Production Lot VIII F-35 Lightning II aircraft.
10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
05:53 EDTGD, LMTLockheed Martin upgraded to Neutral from Sell at UBS
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November 20, 2014
10:02 EDTAVAVOn The Fly: Analyst Initiation Summary
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08:06 EDTGDKaman announces agreement with General Dynamics Canada
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08:04 EDTNOCNorthrop Grumman appoints Patrick M. Antkowiak as CTO
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07:03 EDTAVAVAeroVironment initiated with a Hold at Canaccord
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November 19, 2014
13:16 EDTNOCNorthrop Grumman awarded $121M contract by NASA
Northrop Grumman Corporation has been awarded a $121M contract by NASA to build and deliver the third Advanced Technology Microwave Sounder for NOAA's Joint Polar Satellite System. Under the cost-plus-award-fee contract, Northrop Grumman will manufacture, test and deliver the ATMS instrument, support instrument integration on the JPSS-2 spacecraft, and provide launch and post-launch support. This ATMS instrument will be the third flight unit overall and is slated for launch on the second JPSS satellite in 2021. The second ATMS is scheduled for delivery in the spring of 2015 to fly aboard the JPSS-1 satellite, which is scheduled to launch in 2017. NASA is responsible for developing and building the JPSS instruments and spacecraft, and NOAA is responsible for operating the JPSS satellites and providing data to users around the globe.
10:01 EDTGDGeneral Dynamics partners with Advanced Material Engineering
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09:13 EDTNOCNorthrop Grumman to hold a media briefing
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November 18, 2014
09:02 EDTNOCNorthrop Grumman awarded $116M contract by U.S. military
Northrop Grumman has received an award of $116M to upgrade AN/AAQ-28 LITENING Advanced Targeting Systems for the U.S. military. Under the terms of the existing indefinite delivery/indefinite quantity contract, Northrop Grumman will provide upgrades and spares to the Air Force, Air Force Reserve, Air National Guard and Marine Corps. This award will bring all Air Force Block 1 pods to the G4 configuration, completing the service's transition to the latest version of the LITENING system.
November 17, 2014
08:18 EDTNOCNorthrop Grumman awarded Marine Corp. helicopter computer contract
Northrop Grumman has been awarded a contract from Naval Air Systems Command to deliver its next-generation mission computer for the Marine Corps' H-1 helicopter upgrade program. Under this contract, Northrop Grumman will provide FlightPro Gen III mission computers for the UH-1Y and AH‑1Z aircraft. These aircraft will be the first to benefit from the latest model in the FlightPro product line. Deliveries will be completed by October 2017.
November 14, 2014
09:31 EDTNOCNorthrop Grumman downgraded to Hold from Buy at Drexel Hamilton
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09:02 EDTNOCNorthrop Grumman awarded $210M contract from US Air Force
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06:15 EDTLMTLockheed Martin pursuing new markets amid cuts in weapons budget, WSJ reports
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November 13, 2014
10:36 EDTGDGeneral Dynamics Canada awarded two contracts on Mercury Global Project
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10:02 EDTGDGeneral Dynamics Land Systems-Canada awarded C$287M contract from Canada
The Government of Canada has awarded a C$287M contract to General Dynamics Land Systems-Canada for the provision and integration of an enhanced surveillance suite on to Canadian LAV III Upgrade vehicles, known as LAV 6.0. The upgraded surveillance system will include a 10-meter retractable mast, an Operator Control Station and a surveillance suite inclusive of radar, thermal/day and image intensification sights, laser range finder and GPS mounted on a stabilized platform. These enhancements will allow for superior detection ranges, on-the-move operation, integrated silent watch power management and the transmission of images through the communications system. Deliveries of LAV 6.0 vehicles equipped with the upgraded surveillance suite will commence in December 2016.
07:38 EDTLMTBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
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