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November 12, 2015
10:02 EDTGDGeneral Dynamics' radios to provide communications for Air Force's D-ILS
General Dynamics Mission Systems' radios will provide the communications for the new U.S. Air Force Deployable Instrument Landing System. The system, built by Thales, will give pilots the precision guidance they need to land at locations where the existing air traffic control system is unavailable or where no infrastructure exists, including temporary airfields in austere, isolated locations. The D-ILS will use the General Dynamics CM-300/350 V2 air traffic control radios along with the Fortress ES2440 High-capacity Mesh Point wireless backhaul radios. The General Dynamics Mission Systems CM-300/350 V2 radios are the first VoIP UHF and VHF radios approved by the FAA for ground-to-air communications. The radios are being installed in airport control towers, FAA regional centers and training facilities nationwide.
10:00 EDTRTNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Angie's List (ANGI) upgraded to Market Perform from Underperform at Raymond James... CGI Group (GIB) upgraded to Buy from Hold at Societe Generale... Devon Energy (DVN) upgraded to Buy from Neutral at Guggenheim... EP Energy (EPE) upgraded to Neutral from Sell at Citi... Franco-Nevada (FNV) upgraded to Buy from Hold at Canaccord... Galena (GALE) upgraded on commercial business divestment at Oppenheimer... KPN (KKPNY) upgraded to Buy from Hold at HSBC... Macy's (M) upgraded to Buy from Neutral at Northcoast... Magic Software (MGIC) upgraded to Overweight from Equal Weight at Barclays... Range Resources (RRC) upgraded on valuation, 2016 outlook at RBC Capital... Raytheon (RTN) upgraded to Buy from Hold at Argus... Trend Micro (TMICY) upgraded to Buy from Neutral at Nomura.
08:04 EDTRTNRaytheon upgraded to Buy from Hold at Argus
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06:35 EDTRTNRaytheon teams with Saudi electronics company, Reuters says
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05:56 EDTBAESYBAE Systems cuts FY15 underlying EPS to 38 pence
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05:54 EDTBAESYBAE Systems to cut Military Air & Information workforce by up to 371 jobs
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November 11, 2015
12:34 EDTBAESYBAE Systems nearing sale of U.S. manpower, services units, Reuters says
BAE Systems (BAESY) is in advanced talks to sell its U.S. manpower and services units to Veritas Capital for over $1B, reports Reuters, citing sources. The company had previously attempted to sell the assets to Leidos (LDOS) but was unsuccessful in those efforts, added the sources. Reference Link
07:31 EDTCOLRockwell Collins names CEO Kelly Ortberg chairman of the board
Rockwell Collins announced that CEO and president Kelly Ortberg was elected to the additional role of Chairman of the Board. He succeeds Anthony Carbone, who will continue on the board and serve as lead director, a position he previously held. Ortberg was appointed president of Rockwell Collins in September 2012 and was elected CEO in July 2013.
06:20 EDTBABoeing abandons BNK as 737 jetliner supplier, Reuters says
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