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Stock Market & Financial Investment News

News Breaks
May 20, 2014
09:31 EDTEADSY, BAESYBAE Systems, Airbus Defense and Space announce partnership
BAE Systems (BAESY) and Airbus (EADSY) Defense and Space announced a strategic alliance to produce, market, and sell innovative geospatial intelligence products and solutions using satellite data collected exclusively by Airbus Defense and Space’s TerraSAR-X and TanDEM-X radar satellites. Under the terms of the partnership, BAE Systems and Airbus Defense and Space will jointly develop a new line of global synthetic aperture radar products that are unrivalled in terms of accuracy, resolution, and quality. The two companies will exclusively market these jointly developed products to U.S. government, commercial, and select international customers.
News For BAESY;EADSY From The Last 14 Days
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July 22, 2015
08:13 EDTEADSYAvolon delivers Airbus A321-200 to Vueling Airlines
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08:03 EDTEADSYOrbital ATK, Airbus finalize agreement on A350-1000 variant
Orbital ATK (OA) announced that it has finalized an agreement with Airbus (EADSY) to expand its current contract to include the manufacture of composite stringers and frames on the –1000 variant of the A350 program, adding to the work already being performed on the A350 program. This agreement builds on Orbital ATK’s valuable working relationship with Airbus and its partners. The Aerospace Structures Division of Orbital ATK’s Flight Systems Group is executing the A350 program at its Aircraft Commercial Center of Excellence facility in Clearfield, Utah. Orbital ATK is currently producing composite stringers and frames for the A350-900 and has successfully delivered more than 44,000 parts since the inception of the program. Orbital ATK expects that the contract expansion will require future hiring of additional professional and manufacturing employees, benefiting the local job market in Utah.
06:56 EDTBAESYContractor mergers, sales fueled by government spending cuts, Reuters says
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06:42 EDTEADSYAirbus China plant to deliver first wide-body jet in 2018, Reuters says
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July 20, 2015
06:14 EDTBAESYBAE Systems cuts Typhoon jet fighter costs, slows production, Telegraph says
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July 19, 2015
20:33 EDTEADSYMedia reports say Lockheed to buy UTX's Sikorsky
According to media reports, Lockheed Martin (LMT) has agreed to purchase United Technologies' (UTX) Sikorsky unit. The news comes after several months of speculation surrounding Sikorsky, and an announcement could be made just a day prior to second quarter earnings for both United and Lockheed. WHAT'S NEW: Reuters reported on Sunday that Lockheed Martin has agreed to buy Sikorsky Aircraft from United Technologies for over $8B, according to two sources, adding that the deal is set to be formally announced on Monday. The news was later echoed by Bloomberg, citing a person familiar with the talks. WHAT'S NOTABLE: United Technologies first reported that it was exploring strategic options for its Sikorsky unit on March 11. At the time, the company noted that options included a spinoff or a stand-alone public company, saying that the split could allow United "to better focus on providing high-technology systems and services to the aerospace and building industries." Following the announcement, UBS remarked that it was "not surprised" and reiterated a $136 price target on United shares. On May 20, the Wall Street Journal quoted sources as saying Boeing (BA), Airbus (EADSY) and Lockheed submitted bids for the helicopter maker, with a speculated deal thought to reach the $10B area. A June 9 report from Reuters added Textron (TXT) to the list of bidders. Today's news -- though unconfirmed by either United or Lockheed -- comes ahead of second quarter earnings reports for both companies scheduled for Tuesday, July 21. PRICE ACTION: Shares of Lockheed Martin declined 0.22% to $201.18 at the close of trading on July 17, while those of United Technologies fell 0.45% to $110.76.
July 17, 2015
17:26 EDTBAESYBAE Systems, others awarded $6B government contract
American Systems, Chantilly, Virginia; BAE Systems (BAESY), McLean, Virginia; Blue Canopy, Reston, Virginia; The Boeing Co. (BA), Annapolis Junction, Maryland; Booz Allen Hamilton, McLean, Virginia; CACI (CACI), Chantilly, Virginia; CGI Federal, Fairfax, Virginia; Computer Sciences Corp. (CSC), Falls Church, Virginia; D&S Consultants Inc., Eatontown, New Jersey; EIS, Vienna, Virginia; General Dynamics Information Technology (GD), Herndon, Virginia; HP Enterprise Services, Herndon, Virginia; IBM (IBM), Reston, Virginia; Intelligent Decisions, Ashburn, Virginia; K Force Government Solutions, Fairfax, Virginia; L3 National Security Solutions, Reston, Virginia; Leidos (LDOS), Reston, Virginia; Lockheed Martin Corp. (LMT) Gaithersburg, Maryland; ManTech/WINS, Fairfax, Virginia; Northrop Grumman (NOC), Chantilly, Virginia; Pragmatics, Reston, Virginia; Raytheon IIS Group (RTN), Dulles, Virginia; Scientific Research Corp., Atlanta, Georgia; Sotera, Herndon, Virginia; SRA International, Fairfax, Virginia; 22nd Century Technologies, McLean, Virginia; AEEC LLC, Reston, Virginia; American Technology Solutions International, Fredericksburg, Virginia; Berico Technologies, Reston, Virginia; The Buffalo Group, Reston, Virginia; Convergent Solutions Inc., Alexandria, Virginia; Criterion Systems Inc., Vienna, Virginia; Cyberspace Solutions, Reston, Virginia; DAn Solutions Inc., McLean, Virginia; DKW Communications, Washington, District of Columbia; E-Volve Technology Systems, National Harbor, Maryland; Federated IT, Washington, District of Columbia; Intrepid Solutions & Services Inc., Reston, Virginia; The Kenjya Group, Columbia, Maryland; New River Systems, Sterling, Virginia; OCCAM Solutions, McLean, Virginia; QVine Corp., Reston, Virginia; Red Arch Solutions, Columbia, Maryland; Riite, Chantilly, Virginia; Soft Tech Consulting, Chantilly, Virginia; Trusted Mission Solutions, McLean, Virginia; Varen Technologies, Columbia, Maryland; Vykin Corp., Tampa, Florida; Xcelerate Solutions, McLean, Virginia; and Zolon Tech Inc., Herndon, Virginia, were awarded an indefinite-delivery/indefinite-quantity, multiple-award contract with a combined ceiling value of $6B. The Enhanced Solutions for the Information Technology Enterprise contract supports information technology requirements across the Defense intelligence enterprise and the greater intelligence community. Work will be performed worldwide with an estimated completion date of July 16, 2020. The E-SITE contract vehicle was solicited on the basis of full and open competition, and 77 proposals were received. After conducting a thorough evaluation based on the request for proposal criteria, contracts are being awarded to 25 large businesses and 25 small businesses. Each company will be awarded a $500 minimum guarantee and additional funding will be obligated on individual task orders with the initial follow-on task order competitions scheduled this summer. The Virginia Contracting Activity, Washington, District of Columbia, is the contracting activity.

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