New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 18, 2013
07:40 EDTBA, EADSY, LMT, ALNPYBatteries used in Dreamliners raised concerns before, WSJ reports
Batteries like those related to Boeing's (BA) 787 Dreamliner have raised growing concerns with air-safety regulators in recent years, reports the Wall Street Journal. But It remains unclear whether those batteries, produced by Japan's GS Yuasa Co., caused the problems on two Dreamliners operated by All Nippon Airways and Japan Airlines. Other factors could have contributed to the incidents, say industry officials. The power cells posed a risk because they can be highly flammable. Lithium batteries are vulnerable to overheating if overcharged, or if discharged too rapidly, and overheated or damaged batteries can catch fire. They burn at extremely high temperatures, may emit flammable vapors, flames or sparks, and can even explode, the Journal reports. Also, lithium batteries are being used more widely in aircraft. The U.S. military's new F-35 Lightning II Joint Strike Fighter jet uses ones produced by a unit of French battery maker Saft Groupe. No safety incidents have been publicly reported. Lockheed Martin (LMT) builds the fighter. Airbus (EADSY) uses small lithium batteries for emergency power on its two-deck A380 superjumbo.The company plans to use bigger lithium batteries on its new A350 model, but those cells still will be smaller than those aboard the Dreamliner. What's unusual about the Dreamliner is that it relies on electric power for most of its functions. Reference Link
News For BA;LMT;EADSY;ALNPY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
June 26, 2015
08:46 EDTEADSYAirbus hoping to close on Chinese wide-body jet order next week, FT reports
Airbus is hoping to close one of its biggest Chinese orders by value next week as it enters the final state of long series of negotiations over the sale of up to 70 A330 wide-body jets, the Financial Times reports. The Chinese government is in talks over an order of between 50 and 70 A330 aircraft worth up to $17.8B at brochure prices, the report says. The order would help the company keep its production line running as it makes the transition from the extant A330 to a new re-engined version due to enter service in 2017, the Financial Times reports. Reference Link
07:26 EDTBA, LMTSRA International exploring sale or IPO, Reuters reports
Subscribe for More Information
June 25, 2015
19:34 EDTEADSYAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
17:23 EDTLMTLockheed Martin awarded $237.77M government contract
Subscribe for More Information
05:53 EDTBABoeing CEO Muilenburg prioritizes cost cutting challenges, Financial Times says
Subscribe for More Information
June 24, 2015
18:21 EDTLMTLockheed Martin awarded $480M government contract
Subscribe for More Information
18:16 EDTEADSYGoogle, GE, Airbus lead in sheer number of meetings with EU officials
Subscribe for More Information
16:57 EDTBABoeing to slow 747-8 production to one per month in March, Reuters says
Boeing will slow its production of the 747-8 jumbo jet to 1 per month beginning in March, a decrease of 23%, reports Reuters. The decision to slow production was not related to the company's CEO transition, Reuters added, citing the company. Reference Link
16:21 EDTBAOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
12:30 EDTBAOn The Fly: Top stock stories at midday
Subscribe for More Information
07:32 EDTBANew Boeing CEO Muilenburg to inherit tough decisions, Bloomberg says
Subscribe for More Information
June 23, 2015
19:03 EDTBAOn The Fly: After Hours Movers
UP AFTER PROVIDING GUIDANCE: MeetMe (MEET), up 18.8%. ALSO HIGHER: Nektar Therapeutics (NKTR), up 4.3% after being added to S&P 600... Quidel (QDEL), up 5% after receiving FDA clearance for new Solana molecular system and assay... Vanda Pharmaceuticals (VNDA), up 4.6% after announcing positive results from REPRIEVE study... Netflix (NFLX), up 3.4% after announcing seven-for-one stock split. LOWER: Alcobra (ADHD), down 2.5% after announcing that it will host a conference call and simultaneous webcast presentation to present results from the Phase II clinical trial of MDX... Sysco (SYY), down 2.6% after bid for U.S. foods blocked was blocked by a federal judge... Boeing (BA), down marginally after announcing CEO transition.
17:40 EDTBABoeing incoming CEO Muilenburg says must deliver on 777 bridge program
Regarding the appointment of Dennis Muilenburg as Boeing CEO, outgoing CEO James McNerney says, "in many ways, there's not going to be a change." Muilenburg noted that the current defense market is more "challenging," and that the company needs to deliver on its 777 bridge program. Muilenburg added that the company's backlog remains "solid." Both executives are speaking on CNBC.
16:32 EDTBABoeing names Dennis Muilenburg CEO
The Boeing board has elected Dennis Muilenburg as the company's CEO, succeeding W. James McNerney, Jr., who held the position for the past 10 years. Muilenburg, who has served as Boeing president and COO since 2013, becomes president and CEO on July 1. McNerney, who joined Boeing's board in 2001, continues as its chairman. To ensure a smooth transition of his CEO responsibilities to Muilenburg, he will continue working as a company employee until retiring at the end of February 2016.
16:22 EDTLMTAerojet Rocketdyne awarded contract by Lockheed Martin
Aerojet Rocketdyne (AJRD) recently was awarded a contract from Lockheed Martin (LMT) to deliver XR-5 Hall Effect and MR-510 Arcjet electric propulsion subsystems, as well as monopropellant rocket engines for the modernized A2100 satellite. The contract is for delivery of the flight propulsion subsystems aboard two modernized A2100 satellites that Arabsat recently ordered from Lockheed Martin.
13:15 EDTBABoeing sued over claims of toxic airplane cabin air, Chicago Tribune says
Subscribe for More Information
11:48 EDTEADSYAirbus in talks to sell 50-70 A330 jets to China, Reuters reports
China is in talks to buy 50-70 A330 wide-body jets from Airbus, Reuters reports, citing sources familiar with the talks. The report notes that Airbus has been in talks for nearly 18 months to set up an A330 cabin-completion center in China. Reference Link
June 22, 2015
17:21 EDTLMTLockheed Martin awarded maximum $870M government contract modification
Subscribe for More Information
08:28 EDTEADSYAirbus dispatches engineers to Zodiac to help overcome delays, Bloomberg says
Subscribe for More Information
06:18 EDTEADSY, BASuppliers worried about Airbus, Boeing production rate hike, Reuters reports
Major engine suppliers, including General Electric (GE) and Safran, are becoming worried that they may lose out if they invest to meet higher commercial jet production targets from Airbus (EADSY) and Boeing (BA) that may prove unsustainable, Reuters reports. Airbus and Boeing have plans to raise production rates of their best selling single aisle planes by 25% to 50-52 a month in 2017-2018, the report says. Suppliers have said that they need to secure the start of a steep rise in output before making a commitment to even loftier targets, the report says. Reference Link
1 | 2 | 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