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April 4, 2014
06:40 EDTLMT, BASpaceX to compete with Boeing-Lockheed JV for satellite launch, WSJ says
Elon Musk's SpaceX is expected to compete with a joint venture between Boeing (BA) and Lockheed Martin (LMT) for a contest to launch a military satellite next year, reports the Wall Street Journal. The Defense Department has also put a study into developing a new rocket engine that could reduce reliance on the Russian engine used on a rocket employed by Boeing-Lockheed JV. Reference Link
News For BA;LMT From The Last 14 Days
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December 1, 2015
09:37 EDTLMTLockheed Martin awarded contracts to keep developing MAPS Controller
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07:24 EDTBABoeing likely to boost dividend, buyback this month, says Deutsche Bank
Deutsche Bank analyst Myles Walton expects Boeing's board to announce the outcome of their annual capital deployment meeting on December 14. He believes the company will boost its dividend by 15% and increase its outstanding share repurchase authorization to $12B from the around $5B remaining. Walton views the capital deployment decision as a year-end catalyst for Boeing shares. He keeps a Buy rating on the name with a $175 price target.
06:31 EDTLMTGiga-tronics enters into software licensing agreement with Lockheed Martin
Giga-tronics (GIGA) announced that it has entered into a strategic software licensing arrangement with Lockheed Martin (LMT) to develop and license threat simulation software as a commercial product that brings advanced threat environment simulation capability to its new Advanced Signal Generator Hardware Platform. The Company expects to be shipping the Advanced Signal Generator with the new software package within 6 months. The Software and Hardware will be sold together as a Real-Time Threat Emulation System, for distribution to US customers only.
November 30, 2015
19:39 EDTLMTSikorsky awarded $106.51M government contract modification
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19:39 EDTLMTSikorsky awarded $833.34M government contract modification
Sikorsky Aircraft, a Lockheed Martin company, was awarded an $833.34M modification to contract W58RGZ-12-C-0008 for sustaining, Army fixed engineering sustaining, program management/systems engineering sustaining, Army provisioning, Army technical publications, other integrated logistics support, contractor manpower reporting, packaging handling storage and transportation, and advance procurement funding. Work will be performed in Stratford, Connecticut, with an estimated completion date of Dec. 31, 2016. FY15 other procurement funds in the amount of $833.34M were obligated at the time of the award. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.
18:25 EDTBABoeing awarded $134M government contract
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17:04 EDTLMTOn The Fly: Top stock stories for Monday
After seeing an early-morning jump, stocks on Wall Street spent Monday's trading session generally lower amid a glut of reports on Black Friday and Cyber Monday sales trends as well as weaker than expected financial data on manufacturing and home sales. ECONOMIC EVENTS: In the U.S., the Chicago purchasing managers' index dropped 7.5 points to 48.7 in November, coming in much worse than the expected 54.0 reading. Pending home sales for October, meanwhile, rose 0.2% from the prior month, lower than the forecasted 1% monthly increase. The Dallas Fed's manufacturing index rose 7.8 points to -4.9 in November, which was better than the anticipated -10.0 reading. The National Retail Federation said that about 151M people say they shopped in-store or on-line over the past four days, compared with 136M who said in a mid-November survey that they planned to shop over the holiday period. Also, as expected, the International Monetary Fund Monday added the Chinese yuan to the the fund's basket of reserve currencies, joining the U.S. dollar, the euro, the Japanese yen and the British pound. COMPANY NEWS: Shares of Amazon (AMZN) spiked momentarily on Monday morning amid media reports that the company was seeing a strong start to the holiday sales season, with ChannelAdvisor reporting same-store sales growth of above 20% for the e-commerce giant over Black Friday and the rest of the long Thanksgiving weekend. By session close, however, the shares gave up their early gains, falling 1.26% to $664.80. Meanwhile, Target (TGT) slipped 1.28% to $72.50 as shoppers visiting the company's website in search of Cyber Monday deals encountered intermittent delays, which the company pinned on record sales volumes. Fellow retailer Wal-Mart (WMT) dipped 1.70% to $58.87, while specialty names Express (EXPR), Urban Outfitters (URBN), and Guess? (GES) fell a respective 5.48%, 5.29%, and 6.68%. MAJOR MOVERS: Among the notable gainers were a number of renewable fuel companies, with Pacific Ethanol (PEIX) and Renewable Energy Group (REGI) advancing a respective 21.12% and 6.50% after the EPA finalized its biofuel targets. Petroleum refiners HollyFrontier (HFC) and Tesoro (TSO) slipped 3.30% and 1.74%, respectively, following the news, while oil majors Exxon Mobil (XOM) and Chevron (CVX) closed the day up a respective 0.69% and 1.24%. Also higher was ITC Holdings (ITC), which jumped $3.11, or 9.21%, to $36.86 following a Bloomberg report that the company is exploring a potential sale. Separately, Microsoft (MSFT) rose 42c, or 0.78%, to $54.35 after research firm Raymond James upgraded the company two notches to Strong Buy from Hold, predicting that the tech giant will become one of the few large scale cloud vendors that can succeed across the industry's various segments. Among the noteworthy losers was Lockheed Martin (LMT), which declined $6.65, or 2.94%, to $219.26 after Barclays downgraded the shares to Underweight from Equal Weight, saying it "doesn't make sense" to expect further outperformance from the defense major. Also lower was Under Armour (UA), which fell $3.43, or 3.82%, to $86.25 after Piper Jaffray analyst Erinn Murphy cut her price target on the stock following visits to malls and retailers Thanksgiving night, reportedly finding evidence of deeper discounts than last year. Additionally, Lululemon (LULU) lost 8.91% to $47.82 after being downgraded to Underperform from Market Perform at FBR Capital after the research firm discovered "significantly higher" clearance levels on company products in-store and online. INDEXES: The Dow fell 78.57, or 0.44%, to 17,719.92, the Nasdaq lost 18.86, or 0.37%, to 5,108.67, and the S&P 500 slipped 9.70, or 0.46%, to 2,080.41.
10:48 EDTLMTGeneral Dynamics gains as Barclays shuffles ratings on major defense stocks
Shares of General Dynamics (GD) rose, while Lockheed Martin (LMT) and Raytheon (RTN) fell in morning trading after an analyst from Barclays shuffled his rating on the three defense companies. ANALYST ACTIONS: Barclays analyst Carter Copeland upgraded General Dynamics to Overweight from Equal Weight and maintained a $157 price target on shares, saying that Gulfstream-related fears are "overly discounted" at the current price. The analyst added that the company has the best risk/reward chances of any company in the sector, despite its recent lag in its valuation. In other moves, Copeland downgraded Lockheed Martin to Underweight from Equal Weight on valuation and lowered the price target to $210 from $215. The Barclays analyst said that Lockheed's 2016/2017 consensus estimates need to come down 8%10% as the company's new segments will likely a have lower multi-year profile than investors currently believe. Copeland added that "there's a lot to like" about Lockheed Martin, but that it "doesn't make sense" to expect further outperformance. The analyst also downgraded Raytheon to Equal Weight from Overweight with a $125 price target, also citing valuation. Copeland said that the defense contractor has reached the firm's price target and that "not much has changed" from a fundamental perspective to argue for further expansion. INDUSTRY VIEW: Copeland maintained his neutral stance on the defense sector as a whole given macro uncertainties elsewhere as well as terrorism-related fears but despite higher valuations. The Barclays analyst said that recent moves have motivated the firm to alter its ratings of companies in the sector, placing General Dynamics at the top of its rank-order preference, then Northrop Grumman (NOC), Raytheon, L-3 Communications (LLL), Lockheed Martin and Huntington Ingalls (HII) "at the bottom." SECTOR PEERS: The analyst added that defense peer Huntington Ingalls seems to be the best structural underperformer despite its recent rally, while Northrop Grumman has become arguably the best fundamental story in the industry. Copeland also said that L-3's improvements are "arguably priced in," though the company has much to do without any assurance of success. The analyst said he still prefers Orbital ATK (OA) and Harris (HRS) to the "defense primes" and anticipates upside to warrant Overweight ratings. PRICE ACTION: In morning trading, General Dynamics gained 0.78% to $146.70, while Lockheed Martin fell 2.2% to $220.95, Raytheon declined 1.32% to $125.15. Huntington Ingalls fell 0.5% to $132.11, Northrop Grumman declined 0.14% to $188.14, L-3 fell 1.09% to $123.11, Orbital ATK dropped 0.35% to $86.10. Meanwhile, Harris gained 0.52% to $83.53.
10:03 EDTLMTLockheed Martin-led team issued remaining funding for USS Cooperstown
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10:00 EDTLMTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abengoa Yield (ABY) downgraded on CEO change at Canaccord... Allegiant Travel (ALGT) downgraded to Market Perform from Outperform at Raymond James... American Eagle (AEO) downgraded to Perform from Outperform at Oppenheimer... Beacon Roofing (BECN) downgraded to Equal Weight from Overweight at Stephens... Boulder Brands (BDBD) downgraded to Hold from Buy at Wunderlich... (CYOU) downgraded to Sell from Neutral at Goldman... Coty (COTY) downgraded to Underweight from Equal Weight at Morgan Stanley... FedEx (FDX) downgraded to Peer Perform from Outperform at Wolfe Research... Lockheed Martin (LMT) downgraded to Underweight from Equal Weight at Barclays... Marriott (MAR) downgraded to Hold from Buy at Evercore ISI... Medifast (MED) downgraded to Neutral from Buy at Sidoti... PACCAR (PCAR) downgraded to Sector Perform from Outperform at RBC Capital... Prestige Brands (PBH) downgraded to Underperform from Hold at Jefferies... Prologis (PLD) downgraded to Market Perform from Outperform at Wells Fargo... Raytheon (RTN) downgraded to Equal Weight from Overweight at Barclays... SINA (SINA) downgraded to Neutral from Buy at Goldman... Seadrill Partners (SDLP) downgraded to Perform from Outperform at Oppenheimer... (SOHU) downgraded to Sell from Neutral at Goldman... SouFun (SFUN) downgraded to Neutral from Buy at Goldman... Starwood (HOT) downgraded to Hold from Buy at Evercore ISI... TerraForm Global (GLBL) downgraded to Market Perform from Outperform at Avondale... TerraForm Power (TERP) downgraded to Market Perform from Outperform at Avondale... lululemon (LULU) downgraded to Underperform from Market Perform at FBR Capital.
05:44 EDTLMTLockheed Martin downgraded to Underweight from Equal Weight at Barclays
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05:42 EDTLMTGeneral Dynamics upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Carter Copeland upgraded General Dynamics (GD) to Overweight saying Gulfstream-related fears are overly discounted in the stock at current levels. Shares offer the best risk/reward in U.S. Aerospace & Defense, Copeland tells investors in a research note. He keeps a $157 price target for the stock. The analyst this morning also downgraded Lockheed Martin (LMT) to Underweight and Raytheon (RTN) to Equal Weight.
November 29, 2015
20:16 EDTBAFAA to propose new safety directives for some Boeing, Embraer jets, WSJ says
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November 24, 2015
05:32 EDTBABoeing and BOC Aviation announce order for 22 737s
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05:27 EDTBABoeing, EVA Airways finalize commercial airplane purchase
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November 23, 2015
17:47 EDTBABoeing awarded $261.98M government contract
Boeing has been awarded a $261.98M firm-fixed-price, undefinitized contract action for delivery order to previously awarded contract FA8213-15-D-0002 for lot 19 Joint Direct Attack Munition, or JDAM, tailkits. Contractor will provide JDAM strap-on inertial guidance kits with the capability to receive guidance updates from Global Positioning Systems to increase weapon accuracy for conventional inventory bombs. Work will be performed at St. Louis, Missouri, and is expected to be complete by Nov. 20, 2017. Fiscal 2014, 2015 and 2016 ammunition funds in the amount of $13.28M are being obligated at the time of award. Air Force Life Cycle Management Center, Hill Air Force Base, Utah, is the contracting activity.
16:21 EDTBAAerojet Rocketdyne signs contract to support new era of spaceflight in U.S.
Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings (AJRD), has signed a contract with Boeing (BA) valued at nearly $200M that supports a new era of spaceflight - one that will carry humans to the International Space Station from American soil once again. Under its Commercial Crew Transportation Capability subcontract to Boeing, Aerojet Rocketdyne is completing the design, development, qualification, certification and initial production of the Crew Space Transportation, or CST,-100 "Starliner" service module propulsion system. A CST-100 Starliner partner and team member since 2010, Aerojet Rocketdyne's work continues the development of the service module and launch abort propulsion system from prior commercial crew contracts with Boeing.
November 22, 2015
18:29 EDTBADelta CEO says Boeing offered used 777s for $10M, Bloomberg reports
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November 19, 2015
10:01 EDTLMTLockheed Martin selected by Swedavia to deliver new operational systems
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November 18, 2015
07:42 EDTLMTLockheed Martin reinstated with a Neutral at Credit Suisse
Target $210.
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