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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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April 27, 2015
09:04 EDTLMTLockheed Martin awarded contracts totaling $80M
Lockheed Martin continues to advance C-130 aircrew and maintenance training under recent contract awards from the U.S. Air Force valued at more than $80M. Contracts include the delivery of the following training solutions: A C-130J Air Mobility Command, or AMC, weapon systems trainer and C-130J AMC loadmaster part task trainer at Yokota Air Base in Yokota, Japan; A KC-130J weapons systems trainer, spares, support equipment and technical data; C-130 aircrew training system operations and maintenance services; and C-130J Training System Support Center services.
05:30 EDTNOCNorthrop Grumman to provide gyrocompass nvigation system for Royal Canadian Navy
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05:28 EDTNOCNorthrop Grumman to upgrade Maersk line container ships
Northrop Grumman's Sperry Marine business unit has been selected to upgrade radar and ECDIS systems on more than 80 Maersk Line vessels. The upgrade will replace all previous radar and ECDIS systems on these vessels and will be carried out in Asia and Europe, from 2015 through 2017. Upgrades will include the Sperry Marine VisionMaster FT family of products and market-leading navigation systems such as the NAVIGAT Gyrocompasses, NAVIPILOT and NAVIGUIDE Autopilots and NAVIKNOT Speed Logs.
05:12 EDTNOCNorthrop Grumman announces agreement with Marine Electricals Limited in UAE
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April 23, 2015
11:01 EDTNOCNorthrop Grumman signs long-term agreement with Raytheon for LN-200 IMUs
Northrop Grumman Corporation (NOC) has entered a long-term agreement with Raytheon Company (RTN) to supply its LN-200 Inertial Measurement Unit for Raytheon optical targeting systems. The long-term agreement with Raytheon's Space and Airborne Systems business extends through 2018. The LN-200 provides camera stabilization on optical targeting systems that conduct long-range surveillance and target acquisition for various guided munitions. An initial purchase order valued at $2M was placed in December.
April 22, 2015
10:01 EDTGDGeneral Dynamics NASSCO awarded $23M for LCS sustainment
General Dynamics NASSCO has been awarded a $24.1M contract by the U.S. Navy for Littoral Combat Ships, or LCS, sustainment execution in support of LCS' home-ported in or visiting San Diego. General Dynamics NASSCO is a business unit of General Dynamics. Under the contract, General Dynamics NASSCO will plan, furnish material and provide support and facilities to maintain and modernize twelve LCS-class ships. This contract covers both variants, Freedom and Independence. These ships are fast, agile, focused-mission platforms designed for operation in near-shore environments and capable of open-ocean operation.
April 21, 2015
07:29 EDTLMTLockheed Martin reports Q1 Aeronautics sales $3.13B
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07:28 EDTLMTLockheed Martin raises FY15 EPS to $10.85-$11.15 from $10.80-$11.10
FY15 EPS consensus of $11.14. Backs FY15 revenue $43.5B-$45B, consensus $44.65B. Backs FY15 orders $43.5B-$45B. Raises FY15 consolidated operating profit to $5.35B-$5.5B from $5.3B-$5.45B. Raises FY15 business segment operating profit to $5.15B-$5.3B from $5.1B-$5.25B.
07:26 EDTLMTLockheed Martin reports Q1 EPS $2.74, consensus $2.50
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April 20, 2015
15:37 EDTLMTNotable companies reporting before tomorrow's open
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10:01 EDTNOCNorthrop Grumman, Caltech establish space solar power initiative
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April 16, 2015
08:02 EDTNOCNorthrop Grumman signs lease agreement as anchor in North Dakota technology park
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April 15, 2015
17:22 EDTNOCNorthrop Grumman awarded $105.29M government contract modification
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April 14, 2015
09:06 EDTNOCNorthrop Grumman expands cyber work with University of Maryland
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07:10 EDTLMTAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:15 EDTLMTBoeing, Lockheed Martin JV unveils Vulcan rocket with reusable engine
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05:18 EDTNOCNorthrop Grumman opens new cyber center in UK
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April 13, 2015
07:19 EDTLMTbloomberg to hold a summit
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