New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 29, 2014
11:36 EDTNOC, GD, BA, EADSY, BAESY, ERJ, LMTBoeing 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | all recent news | >>
October 15, 2014
06:39 EDTEADSYAirbus gains safety approval for A350 prolonged routes, Reuters says
Subscribe for More Information
06:33 EDTEADSYIndiGo signs MOU for 250 Airbus A320neo aircraft
Subscribe for More Information
October 14, 2014
17:29 EDTBAESY, GDU.S. Army may revive Ground Combat Vehicle program, WSJ says
Subscribe for More Information
17:17 EDTLMTLockheed Martin awarded $595.48M government contract modification
Subscribe for More Information
07:11 EDTLMTAssociation of the U.S. Army to hold annual meeting
Subscribe for More Information
October 13, 2014
14:29 EDTBABoeing begins production on first 737 MAX parts
Boeing has started production of the first 737 MAX fuselage stringers at Boeing Fabrication Integrated AeroStructures in Auburn, Wash. Stringers run the length of the fuselage structure giving it stability and strength. After forming, Boeing will send the stringers to Spirit Aerosystems in Wichita, Kan. for incorporation into the first 737 MAX fuselage. From there the fuselage will be shipped to Boeing's Renton, Wash. facility where Boeing employees will build the 737 MAX. The program is on track to begin final assembly of the first 737 MAX in 2015. The airplane will be part of the flight test fleet and is scheduled to fly in 2016. The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14% more fuel-efficient than today's most efficient Next-Generation 737s – and 20% better than the original Next-Generation 737s when they first entered service.
10:58 EDTLMTLockheed Martin receives $90.6M foreign military sale contract from U.S. Army
Subscribe for More Information
10:17 EDTBAEbola related weakness in aerospace stocks seen as buying opportunity
Subscribe for More Information
10:08 EDTGDOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:02 EDTBAESYGE receives order from BAE Systems for 3U VPX rugged systems
GE’s Intelligent Platforms business (GE) announced at AUSA that it had received a $2.6M order from BAE Systems Platforms and Services (BAESY) for a quantity of its latest generation 3U VPX COTS Rugged Systems that deliver an advanced HPEC capability. The COTS Rugged Systems will be deployed as part of the US Army’s CETU which sees in-vehicle training and simulation incorporated into the Bradley Fighting Vehicle.
07:42 EDTGDGeneral Dynamics upgraded to Buy from Neutral at Buckingham
Subscribe for More Information
07:26 EDTBACommercial aerospace stocks should be bought on any weakness, says Wells Fargo
Subscribe for More Information
October 12, 2014
19:41 EDTBABoeing and Garuda Indonesia announce $4.9B order
Subscribe for More Information
October 10, 2014
18:51 EDTBADOJ orders Boeing to pay $23M to resolve False Claims Act allegations
Subscribe for More Information
11:59 EDTEADSYAirbus says not enough demand to up plane manufacturing, Reuters says
Subscribe for More Information
11:12 EDTEADSYAirbus, CAS sign GTA for 70 A320 aircrafts
Subscribe for More Information
October 9, 2014
17:14 EDTERJEmbraer breaks ground on 500/450 assembly facility
Subscribe for More Information
13:56 EDTBA, BAESY, GD, NOC, LMTObama calls on Congress to lift defense spending cuts, Politico says
Subscribe for More Information
11:27 EDTBAESYBAE Systems to cut 440 management jobs
BAE Systems has announced 440 potential managerial job losses within its Military Air & Information business. This proposal is driven by the organisation’s continuous drive for efficiency. Chris Boardman, Managing Director of BAE Systems MAI, commented: “It is always regrettable when you have to announce potential job losses. However, we believe that by implementing changes to our management structure we will become a more efficient and effective business, and be better placed to meet the needs of current and potential customers in what is an increasingly competitive market." Reference Link
06:22 EDTEADSY, BACFM launches next phase of testing for LEAP engine
CFM International's LEAP engine took the skies for the first time on October 6 on a modified 747 flying testbed at GE Aviation Flight Test Operations in Victorville, California, launching the next phase of testing for the advanced engine program. The engine behaved well and completed multiple aeromechnical test points at various altitudes during the nearly three-hour first flight. Over the next several weeks, the engine will complete a comprehensive test schedule that will gauge engine operability, stall margin, performance, and acoustics. The LEAP-1A/-1C variants are on track for engine certification in 2015. The total program, which encompasses all three LEAP engine variants, includes 28 ground and CFM flight test engines, along with a total of 32 flight test engines for Airbus (EADSY), Boeing (BA), and COMAC. Although all three LEAP engine variants will fly on the modified testbed, the configuration currently being tested is a fully integrated propulsion system. CFM is a joint venture between GE (GE) and France's Safran. Reference Link
1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use