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February 6, 2013
06:44 EDTBAESY, FLIR, NOC, COL, LMT, GD, BA, RTN, LLL, LMIAObama tells Congress to delay sequester, The Hill reports
President Obama yesterday demanded that Congress pass a combination of tax increases and spending cuts that would enable automatic government spending cuts to be delayed, according to The Hill. The automatic spending reductions, known as sequester, are set to take effect on March 1. Reference Link
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November 13, 2015
05:31 EDTBAESYBAE Systems upgraded to Neutral from Underweight at JPMorgan
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November 12, 2015
19:03 EDTNOCNorthrop Grumman awarded DoD computer network defence contract
Northrop Grumman M5 Network Security, an Australian subsidiary of Northrop Grumman, has been awarded the Department of Defence's contract for JP2068 Phase 2B.2. JP2068 is a multi-phased project to progressively enhance the Defence Network Operation Centre capability. This will enable Defence to more effectively manage, monitor and secure its major communications networks and information systems.
17:32 EDTBABoeing awarded $101.59M government contract modification
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17:31 EDTNOCNorthrop Grumman awarded $151.31M government contract modification
Northrop Grumman is being awarded a $151.31M modification to a previously awarded fixed-price-incentive contract for the procurement of one Japan configuration E-2D Advanced Hawkeye aircraft for the government of Japan under the Foreign Military Sales program. Work is expected to be completed in March 2018. Foreign military sales funds in the amount of $151.31M are being obligated on this award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
12:02 EDTNOC, BA, LMTNorthrop's U.S. bomber work halted after rivals protest, Reuters says
Work on a long-range strike bomber contract to Northrop Grumman (NOC) has been put on hold after Boeing (BA) and Lockheed Martin (LMT) contested the selection process, Reuters reports, citing a U.S. Air Force spokesman. The spokesman added that the order to halt work was issued after a formal protest was filed November 6, the report says. Reference Link
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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November 10, 2015
18:12 EDTBABoeing awarded $130.13M government contract
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18:10 EDTLMTLockheed Martin awarded $968.75M government contract modification
Lockheed Martin has been awarded a $968.75M undefinitized contract action modification to previously awarded contract FA8625-14-C-6450 for C-130J multi-year production aircraft. Contractor will provide 17 C-130J aircraft in the following configurations: six C-130J-30, one HC-130J, nine MC-130J, and one KC-130J aircraft. Work will be performed at Marietta, Georgia, and is expected to be complete by April 30, 2020. FY14 Air Force and Navy aircraft procurement funds in the amount of $686.92M are being obligated at the time of award. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
08:33 EDTBAOrbital ATK awarded Minuteman III PSS contract
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07:31 EDTBAIntelsat to launch Intelsat 29e satellite on January 27, 2016
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06:30 EDTBABoeing sees first maritime spy plane in year or two, Reuters reports
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05:33 EDTBAESYSpartan Motors awarded ILAV contract by BAE Systems
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