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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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April 12, 2015
17:53 EDTEADSYAirbus sees A380 breaking even by end of 2015, Reuters says
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13:16 EDTEADSYAirbus looks to expand co-production in India, WSJ says
India is contemplating but has yet to decide on a joint bid by Airbus and India’s Tata Group to make Airbus’s C295 aircraft, in a contract estimated at about $3B, says the Wall Street Journal. Airbus chief Tom Enders said, Airbus is “ready to manufacture in India, for India and the world,” added the Wall Street Journal. Reference Link
April 10, 2015
10:01 EDTNOCNorthrop Grumman signs DOD mentor-protege agreement
Northrop Grumman has signed a new U.S. Department of Defense mentor-protege agreement with the Missile Defense Agency mentor-protege program office in Huntsville. The DOD mentor-protege program encourages prime contractors to help small businesses increase their participation in federal subcontracts and establish long-term relationships with prime contractors. Under the 36-month agreement, Northrop Grumman will assist QTEC to enhance QTEC's engineering and technology capabilities, business infrastructure and business development. Key focus areas include information assurance and DOD certifications, cybersecurity operations, emerging security technologies and systems engineering.
09:02 EDTBACopa Airlines and Boeing announce airplane order
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07:09 EDTBABoeing acquires motion imagery processing software maker 2d3 Sensing
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06:22 EDTLMT, NOC, GD, BA, BAESYDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
18:02 EDTBABoeing awarded $173.5M government contract
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18:00 EDTLMTLockheed Martin awarded $150.6M government contract
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06:41 EDTEADSYAirbus to offer new seat choices to airlines, Reuters reports
Airbus plans to offer airlines more choices in the way they configure their planes, reports Reuters. Airbus' head of marketing Chris Emerson said in a telephone interview that the company plans to redefine the capacity of its jets to add permium economy to the traditional economy and business classes. Reference Link
April 8, 2015
10:39 EDTLMTCAE awarded C$200M in defence and security contracts
CAE (CAE) announced that is has won approximately C$220M worth of Defence and Security contracts during its fourth quarter to provide simulation products and upgrades as well as training services for global military customers. Some of the key contracts include providing a C-130J simulator to the United States Air Force; a range of C-130J training systems and upgrades for the Royal Australian Air Force; simulator upgrades and training services for the Royal Air Force; M-346 simulators for the Italian Air Force; in-service support for the British Army's Warrior infantry fighting vehicle training systems; and support services for the NATO Joint Lynx helicopter simulator. Under subcontract from Lockheed Martin (LMT), CAE will design and manufacture a C-130J weapon systems trainer for the United States Air Force Air Mobility Command. CAE has been awarded a series of contracts from Australia's Defence Material Organisation and Lockheed Martin to upgrade and enhance elements of the C-130J training system at RAAF Base Richmond. The United Kingdom Ministry of Defence has awarded CAE several upgrade and modification contract amendments for simulator training services at CAE's Medium Support Helicopter Aircrew Training Facility. The United Kingdom Ministry of Defence has awarded CAE a four-year contract to provide logistics support and maintenance services on the British Army's suite of Warrior infantry fighting vehicle direct and indirect fire trainers. The NATO Support Agency has contracted CAE to provide maintenance and support services on the CAE-built Lynx full-mission flight trainer based at Naval Air Station Nordholz in Germany.
09:03 EDTLMTLockheed Martin Canada awarded implementation contract by Irving Shipbuilding
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08:01 EDTLMTSplunk awarded contract to support Lockheed Martin's L-35 Lightning II Program
Splunk (SPLK) announced it was awarded a contract to support Lockheed Martin’s (LMT) F-35 Lightning II Program. Splunk has provided Lockheed Martin with Splunk Enterprise to monitor and analyze IT systems and network behavior for the Autonomic Logistics Information System, which supports the F-35 Lightning II, a 5th generation fighter jet. Splunk Enterprise is initially being used by Lockheed Martin in 25 different operating environments for IT operations and application delivery, analyzing machine data from the systems and networks supporting the ALIS infrastructure to help ensure applications are operating at peak performance.
April 7, 2015
14:56 EDTBADelta flight with emergency issue lands safely, AirLive.net reports
LaGuardia Delta (DAL) GJS6248 just landed safely, according to AirLive.net, citing Twitter user @News_Executive. Reference Link
14:53 EDTBADelta flight into New York reporting emergency, Breaking911 says
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10:20 EDTBA, EADSYBoeing Q1 deliveries top rival Airbus, Reuters reports
Boeing (BA) last week reported 184 first quarter deliveries, up from 161 a year ago in the same period, while rival Airbus (EADSY) reported that its Q1 deliveries slipped to 134 planes from 141 in the same period of last year, reported Reuters. Airbus also trailed Boeing with net orders for 101 aircraft in Q1, compared to 110 for Boeing, Reuters added. Reference Link
08:32 EDTLMTOrbital ATK signs $90M attitude control motor contract with Lockheed Martin
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April 6, 2015
17:29 EDTERJEmbraer in negotiations with 10 countries for KC-390 plane, The Nikkei says
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17:27 EDTNOCNorthrop Grumman awarded $146.69M government contract
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10:01 EDTLMTLockheed Martin awarded $23M extension from NASA
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April 5, 2015
14:17 EDTBABoeing reports 184 commercial deliveries in Q1, including 30 787s
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