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Stock Market & Financial Investment News

News Breaks
January 29, 2014
11:36 EDTGD, NOC, ERJ, BA, BAESY, LMT, EADSYBoeing 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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March 20, 2015
09:02 EDTNOCUS Air Force Sustainment Center and Northrop enter into partnership agreement
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March 19, 2015
16:10 EDTNOCNorthrop Grumman wins recompete for DISA task order
Northrop Grumman has been awarded a task order by the Defense Information Systems Agency, or DISA, to continue its lead role on the Acropolis and Sensor Operations program - a capability that protects DISA-managed networks from cyber-attack and provides global cyber situational awareness for these networks. The award is worth up to $73.6M over four years.
06:33 EDTBAAir Lease leases two Boeing 777-300ERs with Air Austral
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06:20 EDTBACytec Industries upgraded to Buy from Neutral at Citigroup
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March 18, 2015
14:10 EDTEADSY, BABoeing, Airbus stepping pressure on supllier over seat delays, Reuters says
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12:01 EDTBABoeing 747-8 Intercontinental receives FAA approval for 330-minute ETOPS
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09:35 EDTBAFedEx says not defering plane deliveries due to low fuel costs
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06:38 EDTBABoeing looking to potential Malaysia deal to boost fighter jets, Reuters says
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06:36 EDTBABoeing turns to cargo jets to overcome West coast port disruptions, WSJ says
Boeing (GE) and its suppliers -- including General Electric (GE) -- have turned to using large Ukrainian "Antonov" cargo jets to overcome supply disruptions at U.S. West coast ports, reports the Wall Street Journal, citing statements by Boeing Commercial CEO Ray Conner, who said disruptions continued even after the ports reached a deal earlier in March. "We’re still dealing with the congestion of all the things that are stuck in those ports right now," added Conner. A Boeing spokesperson said there had been "no effect" on deliveries to airlines. Reference Link
March 17, 2015
14:41 EDTLMTLockheed Martin nearing F-16 upgrade deal with Singapore, Defense News says
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13:01 EDTGDGeneral Dynamics unit selected for $1.3M task order
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09:06 EDTBABoeing delivers first 787-9 Dreamliner assembled at North Charleston facility
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07:42 EDTBABoeing may produce satellite for tech giants, Reuters says
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07:18 EDTNOC, BA, EADSY, LMTSatellite & Access Intelligence to hold a exhibition
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March 16, 2015
13:37 EDTBABoeing responds to IAM's petition to unionize Boeing South Carolina
Boeing was notified that the International Association of Machinists union has petitioned the National Labor Relations Board for a union election at the company's North Charleston, S.C., facilities. If the NLRB permits it, a vote will be scheduled for eligible teammates to decide whether they will turn over their rights to the IAM or keep a direct relationship with the company. "Boeing South Carolina teammates have done what so many people said couldn't be done. And they did it by working together, engaging every day, and truly committing themselves to the success of our site," said Beverly Wyse, Boeing South Carolina's newly appointed vice president and general manager. "And let's be really clear, the IAM was not part of this success – it was our BSC teammates. In fact, the IAM aggressively opposed it, as publicly demonstrated by their filing of a claim with the National Labor Relations Board, to try to keep our site from even opening. Now, simply by filing this petition, the same union that tried to take our jobs and our work, has already begun to divide our team at a time when we're just beginning to gel and catch a solid rhythm in production." Boeing firmly believes that a union is not in the best interest of Boeing South Carolina teammates and their families, their communities, and the state of South Carolina, especially after years of the IAM insulting the abilities of Boeing South Carolina teammates and fighting against BSC's success. "We think our Boeing South Carolina teammates deserve to pave their own future and keep their hard-earned money in their own pockets," said Wyse. "In fact, they've been very successful doing just that for the past five years. They've built not only new airplanes, but also a new site, and new opportunities for an incredible future here in South Carolina by working together as a team, without the distractions of a union. We're extremely proud of what our teammates have accomplished." Boeing South Carolina has established several outlets to keep teammates, their families and the community updated throughout this process, including a website and Facebook page that provides information, facts, data, and additional resources related to the IAM's unionizing efforts in South Carolina.
13:21 EDTEADSYAirbus selected to develop next generation helicopters for South Korea
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10:00 EDTBA, EADSYRyanair plans transatlantic service in four to five years, Financial Times says
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09:11 EDTBAViaSat and Boeing announce collaboration to offer broadband system
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06:59 EDTBABoeing to hit 737 production targets by 2018, Reuters says
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06:03 EDTEADSYAirbus Helicopters expected to sign $3B contract in South Korea, Reuters reports
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