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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 6, 2015
10:01 EDTBAESYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 58.com (WUBA) upgraded to Buy from Hold at Summit Research... Altria Group (MO) upgraded to Buy from Outperform at CLSA... Ares Commercial (ACRE) upgraded to Outperform from Market Perform at FBR Capital... BAE Systems (BAESY) upgraded to Overweight from Equal Weight at Morgan Stanley... BGC Partners (BGCP) upgraded to Strong Buy from Outperform at Raymond James... Cognizant (CTSH) upgraded to Buy on valuation at CLSA... Edwards Lifesciences (EW) upgraded to Overweight from Equal Weight at Morgan Stanley... Guess (GES) upgraded to Neutral from Underweight at Piper Jaffray... MarkWest Energy (MWE) upgraded to Overweight from Equal Weight at Barclays... Palo Alto (PANW) upgraded to Outperform following checks at Cowen... The Medicines Co. (MDCO) upgraded to Buy from Neutral at Mizuho... TripAdvisor (TRIP) upgraded to Equal Weight from Underweight at Barclays... Union Pacific (UNP) upgraded to Outperform at Cowen... United Continental (UAL) upgraded to Buy from Fair Value at CRT Capital... eHealth (EHTH) upgraded on Medicare outlook, risk/reward at RBC Capital.
08:59 EDTBAESYBAE Systems awarded $110.4M contract with U.S. Army
The U.S. Army has awarded BAE Systems a contract worth $110.4M to convert 36 M88A1 recovery vehicles to the M88A2 Heavy Equipment Recovery Combat Utility Lift Evacuation Systems, or HERCULES, configuration. Work on the contract is expected to begin immediately by the existing workforce and will take place primarily at the company’s York, Pennsylvania, and Aiken, South Carolina, facilities. Deliveries will begin in January 2017 and continue through October 2017.
05:18 EDTBAESYBAE Systems upgraded to Overweight from Equal Weight at Morgan Stanley
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July 3, 2015
06:56 EDTBAESYBAE Systems upgraded to Buy from Neutral at UBS
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July 2, 2015
06:21 EDTBAESYUK Mininstry of Defense awards production contract to CTA International
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July 1, 2015
15:36 EDTEADSYEngine makers compete for Chinese contracts after Airbus order, Reuters says
Following China's large Airbus (EADSY) order on Tuesday, certain aircraft engine manufacturers are competing to secure contracts with Chinese airlines, reports Reuters, citing industry sources. Reuters notes that the Airbus A330s ordered by China are available with a choice of engines from General Electric (GE), United Technologies (UTX), and Rolls-royce (RYCEY). Reference Link
June 30, 2015
17:32 EDTBAESYBAE Systems awarded $110.41M government contract modification
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08:17 EDTEADSYAirbus sued by AirAsia crash families for ‘dangerous’ systems, Bloomberg says
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05:33 EDTEADSYAerCap adds first Airbus A350XWB to aircraft fleet
AerCap (AER) took delivery of its first Airbus (EADSY) A350 XWB during a ceremony at the Airbus Delivery Centre in Toulouse. AerCap immediately handed the aircraft over to Vietnam Airlines on a long-term lease, making the airline the world's second operator of the A350 XWB.
June 29, 2015
09:33 EDTEADSYLockheed Martin signs purchase agreements with Airbus for two flight simulators
Lockheed Martin (LMT) Commercial Flight Training and Airbus (EADSY) have signed a frame contract enabling Airbus to expedite procurement of flight simulation devices for their customers, Airbus training centers and their affiliates worldwide. The frame contract emphasizes the shared intent to partner on future training programs, and combines Airbus' and Lockheed Martin Commercial Flight Training's expertise in the flight simulation industry. As a first example of this process, Airbus Mexico Training Centre has ordered two LMCFT A320 full flight simulators for their operations in Mexico City and Monterrey to be delivered in late 2015 and early 2016.
June 26, 2015
08:46 EDTEADSYAirbus hoping to close on Chinese wide-body jet order next week, FT reports
Airbus is hoping to close one of its biggest Chinese orders by value next week as it enters the final state of long series of negotiations over the sale of up to 70 A330 wide-body jets, the Financial Times reports. The Chinese government is in talks over an order of between 50 and 70 A330 aircraft worth up to $17.8B at brochure prices, the report says. The order would help the company keep its production line running as it makes the transition from the extant A330 to a new re-engined version due to enter service in 2017, the Financial Times reports. Reference Link
07:26 EDTBAESYSRA International exploring sale or IPO, Reuters reports
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June 25, 2015
19:34 EDTEADSYAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
June 24, 2015
18:16 EDTEADSYGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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09:09 EDTBAESYBAE Systems orders aerostat systems for U.S. Army contract
BAE Systems (BAESY) has awarded Drone Aviation Holding's wholly owned subsidiary, Drone Aviation Corp., an order for parts and services related to enhancing and supporting two WASP aerostat systems owned and operated by the U.S. Army Space and Missile Defense Command Battle Lab for upcoming Department of Defense exercises. The upgrades and services are designed to integrate specialized wireless electronics, advanced optics and a communications package provided by L-3 Communication (LLL). Under the terms of an agreement between DAC and L-3 CS-West, a working group has commenced on a technical integration plan that includes integrating new technologies into the WASP and jointly marketing the integrated solution. The enhanced WASP systems and components are expected to be delivered to the U.S. Army in July.
June 23, 2015
11:48 EDTEADSYAirbus in talks to sell 50-70 A330 jets to China, Reuters reports
China is in talks to buy 50-70 A330 wide-body jets from Airbus, Reuters reports, citing sources familiar with the talks. The report notes that Airbus has been in talks for nearly 18 months to set up an A330 cabin-completion center in China. Reference Link

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