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Stock Market & Financial Investment News

News Breaks
January 29, 2014
11:36 EDTNOC, GD, BAESY, LMT, EADSY, ERJ, BABoeing tumbles after fiscal 2014 outlook disappoints
Boeing (BA), a leader in aerospace and member of the Dow Jones Industrial Average, is one of today's losers after the firm reported better than expected fourth quarter results, but issued guidance for fiscal 2014 that fell significantly short of expectations. WHAT'S NEW: This morning, Boeing reported fourth quarter core EPS of $1.88 and revenue of $23.79B, compared to analysts' consensus estimate of $1.57 and $22.74B, respectively. The company guided FY14 core EPS to 7.00-$7.20, compared to consensus of $7.57. FY14 revenue was forecast at $87.5B-$90.5B, below expectations of $92.72B. The company said it expects to make commercial deliveries of 715 to 725 planes in 2014, which includes approximately 110 deliveries of its 787 models. Total company operating cash flow before pension contributions is expected to be approximately $7B, while operating cash flow is expected to be approximately $6.25B in 2014, Boeing added. ANALYST REACTION: In a note to investors this morning, Wells Fargo said Boeing's cash flow outlook could pressure shares. The firm viewed Boeing's free cash outlook as disappointing since it implied no major ramp-up in share repurchases. Wells thought this could pressure the stock, but recommended using any weakness as a buying opportunity since the company typically guides conservatively. Wells kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, Boeing shares fell about 4.6% to $130.77 on heavy volume. The stock hit a fresh 52-week high of $144.57 earlier this month, and has gained approximately 77% over the past twelve months. OTHERS TO WATCH: Boeing's primary competitor in terms of commercial airplanes is Airbus (EADSY). Other aerospace companies include BAE Systems (BAESY), Embraer (ERJ), Lockheed Martin (LMT), Northrop Grumman (NOC), and General Dynamics (GD).
News For BA;EADSY;BAESY;ERJ;LMT;NOC;GD From The Last 14 Days
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August 21, 2015
17:46 EDTBABoeing on schedule to meet 737 MAX production targets, Reuters says
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06:07 EDTBABoeing, GKN grapple to produce critical component for 737 Max, WSJ reports
Boeing (BA) and GKN PLC (GKNLY), a key supplier, are grappling to produce a critical component for the updated version of its 737 jet, The Wall Street Journal reports. Boeing has plans to quickly boost production of the 737 Max, but difficulty consistently manufacturing part of the engine thrust reverser, industry executives and engineers are concerned that a shortage of the part could derail Boeing's ambitious plans, the report says. Reference Link
August 20, 2015
13:35 EDTBAESYBAE Systems awarded $50M munitions contract for MK 90 propellant grains
The U.S. Army has awarded BAE Systems a $50M contract for the continued production of MK 90 propellant grains. The MK 90 propellant grain is the propulsion component of the Hydra 70 family of rockets used by the U.S. military and several allied nations to support overseas operations. BAE Systems began producing MK 90 propellant grains in October 2012, with the first delivery occurring in August 2013. To date, approximately 500,000 grain units have been delivered to the U.S. Department of Defense. Production for this current contract will begin in 2016 and continue through 2017.
12:05 EDTBABoeing reports eight new orders in weekly update
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10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
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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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05:47 EDTBABoeing says Qantas intends to purchase eight 787-9 Dreamliners
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August 19, 2015
16:34 EDTBAAir Lease delivers one Boeing 737-800 to American Airlines
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10:40 EDTBAESYBAE Systems awarded modification contract valued at $46M by U.S. Air Force
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10:10 EDTLMTCiti says Army contract could be worth $30B, ups Oshkosh to Buy
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10:00 EDTEADSYAllegiant Travel agrees to purchase 50th Airbus aircraft
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09:33 EDTBAActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
August 18, 2015
16:07 EDTEADSYWoodward signs agreement with Aircelle
Woodward announced that it signed an agreement with Aircelle to supply hardware for the Thrust Reverser Actuation System, or TRAS, for the Airbus A330neo jetliner.
13:01 EDTBAESYBAE Systems' naval guns selected for Canadian arctic patrol ships
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10:01 EDTLMTMaterion announces initial delivery of AlBeCast castings to Lockheed Martin
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06:53 EDTEADSYPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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06:03 EDTBABoeing's test flight of aerial refueling tanker to be delayed, WSJ reports
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August 17, 2015
09:29 EDTLMTLockheed Martin and Weibel Scientific partner for ballistic missile project
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06:43 EDTEADSYIndiGo firms up 250 Airbus A320neo aircraft order
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