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January 3, 2013
09:55 EDTBA, BA, BA, VSAT, VSAT, VSAT, UTX, UTX, UTX, SPR, SPR, SPR, RTN, RTN, RTN, PCP, PCP, PCP, NOC, NOC, NOC, LMT, LMT, LMT, GD, GD, GD, BEAV, BEAV, BEAV, WAIR, WAIR, WAIRBofA/Merrill's aerospace/defense analyst holds analyst/industry conference call
Aerospace & Defense Equity Research Analyst Epstein discusses his top themes to watch in 2013 in the aerospace and defense industries on an Analyst/Industry conference call to be held on January 7 at 10 am.
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September 30, 2015
13:13 EDTBABoeing agrees to provide YTO Airlines with 737-800 BCFs
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11:16 EDTGDGeneral Dynamics awarded $358M for 150 M1A1 SA Abrams tanks
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06:51 EDTBA, LMTUnited Launch Alliance wins $882M contract with U.S. Air Force, Reuters says
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September 29, 2015
19:55 EDTBABoeing considers converting 737s into freighters, Reuters says
Boeing is considering offering conversions of its 737-800 passenger jets into freight haulers, according to Reuters, citing a senior Boeing executive. The proposal follows competitor Airbus's plan to offer conversions of its A320 jets, Reuters added. Reference Link
18:14 EDTBABoeing, NASA extend International Space Station contract to 2020
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10:00 EDTRTNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Apache (APA) upgraded to Overweight from Neutral at Simmons... Autoliv (ALV) upgraded to Neutral from Sell at Goldman... Bristol-Myers (BMY) upgraded to Buy from Neutral at UBS... Bunge (BG) upgraded to Outperform from Market Perform at BMO Capital... Cerner (CERN) upgraded to Outperform from Sector Perform at RBC Capital... Continental AG (CTTAY) upgraded to Conviction Buy from Buy at Goldman... Digital Realty (DLR) upgraded to Overweight from Sector Weight at KeyBanc... FTD Companies (FTD) upgraded to Buy from Neutral at Sidoti... Intermolecular (IMI) upgraded to Outperform from Market Perform at Northland... Johnson & Johnson (JNJ) upgraded to Buy from Hold at Deutsche Bank... LDR Holding (LDRH) upgraded to Outperform from Market Perform at Northland... Lincoln National (LNC) upgraded to Overweight from Neutral at Piper Jaffray... McDonald's (MCD) upgraded to Outperform from Neutral at Credit Suisse... Micron (MU) upgraded to Outperform from Market Perform at Wells Fargo... Nautilus (NLS) upgraded to Buy from Neutral at B. Riley... Nevsun Resources (NSU) upgraded to Outperform from Sector Perform at Scotia... Nexstar (NXST) upgraded to Buy from Hold at Jefferies... Omega Protein (OME) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at UBS... Republic Airways (RJET) upgraded to Buy from Hold at Deutsche Bank... Swiss Re (SSREY) upgraded to Neutral from Underweight at JPMorgan... Thor Industries (THO) upgraded on positive trends, checks at BMO Capital... Verint (VRNT) upgraded to Outperform from Market Perform at William Blair.
09:33 EDTBABoeing receives order from India for 22 Apache, 15 Chinook helicopters
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06:13 EDTBACargolux in talks to buy five more Boeing freighter jets, Reuters reports
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05:29 EDTRTNRaytheon upgraded to Buy from Neutral at UBS
UBS analyst David Strauss upgraded Raytheon to Buy saying the company's backlog is positioned to grow again amid international growth and stabilized domestic bookings. Its margins will also improve with growth and a better mix, Strauss told investors in a research note. He raised his price target for shares to $118 from $111.
September 28, 2015
18:01 EDTRTNRaytheon awarded $495.6M government contract
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17:59 EDTGDGeneral Dynamics awarded $358M military sales contract
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15:33 EDTUTXPratt & Whitney renews JV agreement for training center in Beijing
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15:32 EDTRTNRaytheon awarded DHS cybersecurity contract
The U.S. Department of Homeland Security, or DHS, has selected Raytheon Company to be the prime contractor and systems integrator for the agency's Network Security Deployment, or NSD, Division. NSD is responsible for the National Cybersecurity Protection System, or NCPS, a system providing the vital infrastructure that assists more than 100 federal civilian government agencies with the protection of their networks against advanced cyber threats. Raytheon will lead a team providing full lifecycle development and sustainment support. The period of performance under this single-award, IDIQ contract is five years, with the ability to extend some orders for up to an additional 24 months. The contract could be worth approximately $1B.
10:05 EDTSPRHigh option volume stocks
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05:23 EDTVSATViaSat to license digital signal processing and forward error correction cores
ViaSat announced it is now licensing its digital signal processing and forward error correction cores for 100G optical transport. Traditionally, ViaSat had only licensed its 100G FEC cores; however, overwhelming interest in a low power Application-Specific Integrated Circuit core for the metro market, has created demand for ViaSat to license a development kit inclusive of a System Software Model for simulation and its ASIC IP cores.
September 25, 2015
17:25 EDTRTNRaytheon awarded $227.05M government contract
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17:23 EDTRTNRaytheon awarded $264.8M government contract
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16:35 EDTBAStocks end week lower as biotechs sink, Volkswagen crashes
Stocks ended the week lower after concerns about drug prices were reignited, sinking biotech stocks, an emissions scandal engulfed Volkswagen (VLKAY), dragging down shares of automakers and their suppliers, and Caterpillar (CAT) announced that it may eliminate as many as 10,000 jobs in the next three years as commodity prices continue to slump. MACRO NEWS: Following the Federal Reserve's decision last week to wait before raising rates, the central bank made a concerted effort to give the market more clarity this week. Over last weekend, three Federal Reserve officials - San Francisco Fed President John Williams, St. Louis Fed President James Bullard and Richmond Fed President Jeffrey Lacker - all argued that an interest-rate increase is still warranted this year. Then, on Thursday night, Fed Chair Janet Yellen said during a speech at UMass Amherst that the central bank remains inclined to hike rates this year. Yellen's remarks were incrementally hawkish, but welcomed by the market, since they helped clarify the message the Fed delivered a week ago... In the U.S., Markit's flash manufacturing purchasing manager's index was flat at 53.0 in September, which was slightly better than the expectation for it to dip to 52.8. Durable goods orders for August declined 2.0%, versus expectations for a drop of 2.3%. When transportation items were removed, the core reading was breakeven, versus expectations for a rise of 0.1%. The third estimate of second quarter GDP showed the economy grew 3.9% quarter-over-quarter, versus expectations for the GDP growth estimate to stay at 3.7%. Personal consumption in Q2 is now believed to have grown 3.6%, up from the prior estimate of 3.1%. The final University of Michigan consumer sentiment reading for September came in at 87.2, which was down from August's 91.9 but above the expected 86.2 reading... The Asian Development Bank cut its growth forecast for the region, citing a weaker outlook for China and India and a delayed recovery in the world's advanced economies. The bank now sees the Chinese economy growing 6.8% this year and 6.7% next year, down from its previous forecasts of 7.2% and 7%, respectively. Markit's flash manufacturing PMI for China fell to 47.0 in September from 47.3 last month. Meanwhile, Japanese Prime Minister Shinzo Abe unveiled new economic targets, including a goal for a 20% increase in the target size of the Japanese economy to 600T yen, though he gave no timeframe for achieving this aspiration... In Europe, Markit's composite PMI for the eurozone came in at 53.9 in the first look for September, down from 54.3 in August and below expectations for a reading of 54.1. COMPANY NEWS: Biotech stocks declined after privately-held Turing Pharmaceuticals made headlines by enacting a 5,000% price increase on its treatment for toxoplasmosis, reigniting a debate around drug prices that previously embroiled costly Hepatitis C drugs including AbbVie's (ABBV) Viekira Pak and Gilead's (GILD) Sovaldi and Harvoni. Presidential candidate Hillary Clinton sent the debate to center stage by criticizing the "outrageous" prices of specialty drugs and laying out a plan to tackle "price gouging" in the specialty drug market. The NASDAQ Biotechnology index fell roughly xxx% for the week amid the attention paid to Turing's drug and Clinton's response... Volkswagen (VLKAY) shares trading in New York fell sharply to begin the week and ended the week far from where they'd been last Friday before the EPA said it found manipulations that violate U.S. environmental standards while testing certain of the automaker's diesel cars. The EPA said Volkswagen may face civil penalties of $37,500 for each vehicle not in compliance with federal clean air rules, which could total as much as $18B, according to Reuters. In the wake of the scandal, Chief Executive Officer Martin Winterkorn resigned, with the company's supervisory board subsequently praising the decision and selecting Matthias Mueller, the former head of Porsche (POAHY), as Winterkorn's successor as the company's new CEO... Caterpillar (CAT) shares dropped after the heavy machinery maker announced plans for job cuts and lowered its revenue guidance for this year and next. Caterpillar said that it would lay off 4,000-5,000 of its employees between now and the end of 2016 and could lay off up to 10,000 employees by 2018. Caterpillar cut its fiscal year 2015 revenue forecast by $1B and said its sees its fiscal year 2016 revenue to be 5% below this year, adding that it expects revenue declines in all three large segments next year... Online and mobile deal provider Groupon (GRPN) said it plans to cut 1,100 jobs relating primarily to the company's international operations... Nike jumped after the athletic gear giant reported better than expected earnings and futures orders, prompting numerous price target hikes and at least one upgrade at Street research firms. Among other companies reporting earnings this week, BlackBerry (BBRY), ConAgra (CAG), Carnival (CCL), and CarMax (KMX) fell immediately following their quarterly reports... Apple (AAPL), which has previously been reported to be working on an electric car via its "Project Titan," is speeding up those efforts and setting 2019 as a target to ship its first vehicle, according to The Wall Street Journal... Against the backdrop of China's President Xi Jinping visiting the U.S., Boeing (BA) announced deals to sell 300 planes to three Chinese companies and set up an aircraft factory in in the Asian nation, while Cisco (CSCO) announced a partnership with Chinese server maker Inspur Group... Lloyd Blankfein, Goldman Sachs (GS) Chairman and CEO, disclosed that he was diagnosed with lymphoma. "Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured," Blankfein stated in an open letter that was shared by the bank... GoPro (GPRO) finished the week about xxx% lower after Barron's contended in a feature article last weekend that the company's stock could plunge another 30% to $25 as Apple, Sony (SNE) and others pressure the company's "one-hit wonder" products... On the M&A front, Atmel (ATML) agreed to be acquired by German chipmaker Dialog Semiconductor in a deal valued at roughly $4.6B and Starwood Waypoint (SWAY) announced a stock-for-stock merger agreement with Colony American Homes. INDEXES: The Dow lost about 0.43% to close at 16,314.67, the S&P 500 fell about 1.35% to close at 1,931.34, and the Nasdaq declined about 2.89% to close at 4,686.50.
09:02 EDTNOCNorthrop Grumman wins research contract from DHS
Northrop Grumman was awarded a contract from the Department of Homeland Security Science and Technology Directorate to develop advanced biometric solutions that will enhance mobile security for users while virtually eliminating the need for a password. Northrop Grumman will combine advanced behavioral sensing and modeling techniques, derived from two of its university research projects, to authenticate user identity. Instead of a password or pin, behavioral characteristics gathered by sensors on a device will authenticate user identity. Simply put, how a user picks up and handles a device - a highly secure and irreproducible function - will permit access. Under a $1.7M Mobile Technology Security research and development award, Northrop Grumman is leveraging a research project on threat behavior modeling originally developed through its Cybersecurity Research Consortium partner Carnegie Mellon University's cybersecurity institute, CyLab. In this approach, sensors on the device track and capture user behavior and compare that data against a user profile automatically derived through machine-learning techniques. This technology has since spun off into a company called Zense.
06:29 EDTBAAirbus engages in wireless initiative for planes, WSJ reports
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