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News Breaks
August 5, 2014
08:01 EDTBAESY, BABAE Systems signs five-year agreement with Emirates
BAE Systems (BAESY) has signed a five-year agreement with Emirates, the world’s largest Boeing (BA) 777 operator, to provide maintenance and technical support for its entire Boeing fleet. Under the terms of the agreement, BAE Systems will deliver on guaranteed turn around times, position product in region, and provide benchmark technical support. The company will provide maintenance support for products supplied at line fit to Boeing, such as flight controls, flight deck systems, and control and monitoring systems, at its service centers in the United States, United Kingdom, and Singapore, all of which have received Gold Boeing Performance Excellence Awards for tremendous focus on customer service and continuous improvement processes.
News For BAESY;BA From The Last 14 Days
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September 16, 2014
18:30 EDTBAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Apogee Enterprises (APOG), up 5.6% after reporting second quarter results and raising fiscal 2015 guidance. ALSO HIGHER: InspireMD (NSPR), up 18.5% after reporting positive trial results for CGuard... Boeing (BA), up marginally after NASA awarded the company with a $4.2B contract for commercial spaceflight to the International Space Station... U.S. Steel (X), up 7.9%% after updating third quarter outlook. DOWN AFTER EARNINGS: Adobe (ADBE), down 4.5% following third quarter results. ALSO LOWER: Rackspace Hosting (RAX), down 16.7% after ending strategic review and deciding to stay independent... Sunoco Logistics Partners (SXL), down 3.9% after filing to sell 7.7M shares of common stock... Aratana Therapeutics (PETX), down 7.8% after filing to sell common stock.
17:22 EDTBAUnited Launch Services awarded $938.37M government contract modification
United Launch Services, a 50-50 joint venture owned by Lockheed Martin (LMT) and Boeing (BA), has been awarded a $938.37M modification to previously awarded FA8811-13-C-0003 cost-plus-incentive-fee contract for FY15 EELV launch capability for the Delta IV and Atlas V families of launch vehicles. This contract provides for mission assurance, program management, systems engineering, integration of the space vehicle with the launch vehicle, launch site and range operations, and launch infrastructure maintenance and sustainment. Work will be performed at Littleton, Colorado; Vandenberg Air Force Base, California; and Cape Canaveral Air Station, Florida, with an expected completion date of Sept. 30, 2015.
17:08 EDTBAAerojet Rocketdyne propulsion to fly on CST-100
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16:30 EDTBANASA awards Boeing $4.2B contract for commercial space flight to ISS
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16:15 EDTBANASA picks Boeing, SpaceX to transport U.S. astronauts to ISS
NASA has partnered with Boeing and SpaceX to transport U.S. astronauts to the International Space Station, or ISS. NASA says that the partnership, "promises to give more people the opportunity to experience the exhilaration of spaceflight." Comments come from NASA's Twitter page. Reference Link
11:57 EDTBAPentagon to most likely approve Musk's Falcon rockets, WSJ says
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10:03 EDTBAESYGlobal Eagle selected by BAE Systems for WISE solution
Global Eagle Entertainment (ENT) has announced a strategic and technological relationship with BAE Systems (BAESY) to integrate its WISE inflight streaming solution with BAE Systems' inflight entertainment offering for commercial aircraft.
06:44 EDTBABoeing may beat out SpaceX for NASA contract to ferry astronauts, WSJ says
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06:34 EDTBABoeing, Lockheed ally with Amazon CEO on rocket engine, Reuters says
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06:29 EDTBAESYPratt & Whitney close to engine supply deal with Pentagon, WSJ reports
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September 15, 2014
17:40 EDTBABoeing awarded $130M government contract modification
Boeing Company, Mesa, Arizona, was awarded a $130M modification to fixed-price incentive, full rate production contract W58RGZ-12-C-0055; the cumulative total of the contract, before this modification, was $1.16B. This is an undefinitized contract action to build seven new Apache AH-64E helicopters. FY13 and FY14 other funds in the amount of $19.2M were obligated at the time of the award. Work will be performed in Mesa, Arizona, with an estimated completion date of March 31, 2017.
17:28 EDTBABoeing awarded $293.2M government contract modification
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12:19 EDTBAESYL-3 Communications receives award from BAE Systems to develop training system
L-3 Communications (LLL) announced that its Link Simulation & Training business has received an award from BAE Systems (BAESY) to develop the Hawk Oman Training System. The training system, which is planned to achieve its ready-for-training milestone during the first quarter of 2017, will prepare Royal Air Force of Oman pilots to operate BAE Systems’ Hawk MK166 Advanced Jet Trainer aircraft.
07:42 EDTBAMorgan Stanley to hold a conference
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07:22 EDTBAAir Force Association to hold a conference
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September 12, 2014
17:44 EDTBAESYBAE Systems, others collectively awarded $5.04B government contract
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September 11, 2014
09:01 EDTBAAlcoa signs multiyear supply contract with Boeing valued at over $1B
Alcoa (AA) has signed a long-term contract to supply aluminum sheet and plate products to Boeing (BA). The multiyear contract, valued at more than $1B, is the largest ever between the two companies. Notably, the agreement makes Alcoa sole supplier to Boeing for wing skins on all of its metallic structure airplanes. Alcoa plate products, used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be on every Boeing platform, including the 787 Dreamliner. Finally, the agreement establishes a foundation for continued collaboration on new, high-strength and corrosion-resistant alloys, including aluminum-lithium that could be used for complex structural applications.
September 10, 2014
09:14 EDTBABoeing receives first order for 502 Phoenix small satellite
Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ of Washington, D.C. The satellites will carry the commercial remote sensing industry’s first hyperspectral payload, capable of providing spectral imaging fidelity. Boeing will deliver a complete satellite system initially consisting of two satellites, available for launch in 2018, command and control operations, image processing, and data storage of collected imagery. The contract includes options for long-term operations and maintenance.
September 9, 2014
09:37 EDTBABoeing announces agreement with GA Telesis
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06:17 EDTBABoeing up against pressure to boost 737 production rate, Reuters says
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