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Stock Market & Financial Investment News

News Breaks
February 27, 2013
06:50 EDTFLIR, NOC, COL, LMT, GD, BA, RTN, LLL, LMIA, BAESYSenate GOP considering giving Obama authority over spending cuts, Politico says
Senate Republicans have drafted a bill that would cancel $85B of upcoming automatic spending cuts and instead mandate that President Obama create his own plan to cut the same amount, according to Politico. Under the bill, which is supported by Senate GOP leaders, Congress could overturn Obama's plan only if two-thirds of members vote against it, the website noted, adding that the bill would prevent the president from cutting more than $42.6B of military spending. Reference Link
News For BAESY;BA;COL;LMIA;GD;NOC;LLL;LMT;FLIR;RTN From The Last 14 Days
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November 24, 2014
08:48 EDTBAESYSpartan Chassis awarded ILAV subcontract by BAE Systems
Spartan Chassis, a business unit of Spartan Motors (SPAR), announced that its Defense and Government operating group has been awarded a subcontract from defense contractor BAE Systems (BAESY) to support the production of 22 International Light Armored Vehicles, or ILAVs. The subcontract is the second delivery order against a three year Indefinite Delivery, Indefinite Quantity, or IDIQ, contract and validates the diversified growth and operational strengths of the Spartan Defense and Government, or SDG, business unit. These vehicles perform specialized, mission-critical tasks such as supporting convoy operations, investigating possible improvised explosive devices, or IEDs, and additional rapid response needs. Under the terms of the subcontract, Spartan will provide automotive integration, final assembly, coordination of Government inspection and delivery to the Government. Production for the units will begin in February 2015 on Spartan's Charlotte campus with an expected completion of June 2015.
November 21, 2014
17:07 EDTLMTLockheed Martin awarded $4.12B government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics, is being awarded a $4.12B modification to a previously awarded fixed-price-incentive firm-target contract for the production of 43 Low Rate Initial Production Lot VIII F-35 Lightning II aircraft.
10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
05:53 EDTGD, LMTLockheed Martin upgraded to Neutral from Sell at UBS
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November 20, 2014
19:31 EDTBABoeing has no plans for long-range 737 MAX, Reuters reports
Boeing has no plans to extend the range of its upcoming 737 MAX 9 jetliner after Airbus Group's announcement that it will offer a long-range version of its competing A321 aircraft, according to Reuters, citing a senior Boeing executive. Reference Link
15:35 EDTBADelta Air Lines confirms order for 25 Airbus A350-900, 25 A330neo aircraft
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13:50 EDTBABoeing confirms Kuwait Airways intent to purchase 10 777-300ERs
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10:01 EDTBAESYBAE Systems awarded contract by DARPA valued at $3.2M
The U.S. Defense Advanced Research Projects Agency has awarded BAE Systems a contract to combat the rapid evolution of technological threats posed by U.S. adversaries. The work will aim to develop a new framework of reliable, jam-resistant networked communications as part of the Communications in Contested Environments program. Valued at $3.2M, the contract for a new open system architecture is for the first phase of DARPA’s C2E initiative.
08:06 EDTGDKaman announces agreement with General Dynamics Canada
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08:04 EDTNOCNorthrop Grumman appoints Patrick M. Antkowiak as CTO
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07:44 EDTBADelta near deal for 50 Airbus wide-body jets, Bloomberg reports
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November 19, 2014
17:13 EDTBABoeing awarded $194.78M government contract modification
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13:16 EDTNOCNorthrop Grumman awarded $121M contract by NASA
Northrop Grumman Corporation has been awarded a $121M contract by NASA to build and deliver the third Advanced Technology Microwave Sounder for NOAA's Joint Polar Satellite System. Under the cost-plus-award-fee contract, Northrop Grumman will manufacture, test and deliver the ATMS instrument, support instrument integration on the JPSS-2 spacecraft, and provide launch and post-launch support. This ATMS instrument will be the third flight unit overall and is slated for launch on the second JPSS satellite in 2021. The second ATMS is scheduled for delivery in the spring of 2015 to fly aboard the JPSS-1 satellite, which is scheduled to launch in 2017. NASA is responsible for developing and building the JPSS instruments and spacecraft, and NOAA is responsible for operating the JPSS satellites and providing data to users around the globe.
10:01 EDTGDGeneral Dynamics partners with Advanced Material Engineering
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09:13 EDTNOCNorthrop Grumman to hold a media briefing
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November 18, 2014
09:02 EDTNOCNorthrop Grumman awarded $116M contract by U.S. military
Northrop Grumman has received an award of $116M to upgrade AN/AAQ-28 LITENING Advanced Targeting Systems for the U.S. military. Under the terms of the existing indefinite delivery/indefinite quantity contract, Northrop Grumman will provide upgrades and spares to the Air Force, Air Force Reserve, Air National Guard and Marine Corps. This award will bring all Air Force Block 1 pods to the G4 configuration, completing the service's transition to the latest version of the LITENING system.
05:36 EDTBAESYBAE Systems initiated with an Outperform at Credit Suisse
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November 17, 2014
10:01 EDTBAESYBAE Systems submits proposal for U.S. Army's CIRCM program
BAE Systems announced that it has submitted its proposal for the U.S. Army’s Common Infrared Countermeasure program. CIRCM is a lightweight, low-cost, and modular laser-based aircraft protection system, designed to protect U.S. rotary- and fixed-wing aircraft from infrared guided missiles.
08:18 EDTNOCNorthrop Grumman awarded Marine Corp. helicopter computer contract
Northrop Grumman has been awarded a contract from Naval Air Systems Command to deliver its next-generation mission computer for the Marine Corps' H-1 helicopter upgrade program. Under this contract, Northrop Grumman will provide FlightPro Gen III mission computers for the UH-1Y and AH‑1Z aircraft. These aircraft will be the first to benefit from the latest model in the FlightPro product line. Deliveries will be completed by October 2017.
05:12 EDTBABoeing signs agreement with Toray Industries for 777X wing composites
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