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News Breaks
August 20, 2014
17:21 EDTBAESY, GD, NOCBAE Systems, General Dynamics, three others awarded $2.53B government contract
BAE Systems (BAESY), General Dynamics (GD), Northrop Grumman (NOC), Global Technical Systems, and Serco, Inc. are each being awarded an indefinite-delivery/indefinite-quantity, firm-fixed-price, cost-plus-fixed-fee contract for Consolidated Afloat Networks and Enterprise Services, or CANES, production units. The estimated, cumulative value of the multiple award contract is $2.53B. CANES serves as the bridge to the future of Navy afloat networks, consolidating existing legacy and standalone networks, providing the necessary infrastructure for applications, systems and services to operate in the tactical domain. CANES delivers its capabilities within a single complete system, bringing the necessary infrastructure that will enable timely and interoperable information exchange among tactical, support and non-tactical or administrative users, applications and information technology platforms. This contract has an eight-year ordering period up to the contract award amount. There are no options. Work is expected to be completed by August 2022. No funds will be obligated at the time of award.
News For BAESY;GD;NOC From The Last 14 Days
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October 23, 2014
11:11 EDTGDGeneral Dynamics unit receives $18.9M contract from U.S. Navy
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10:01 EDTGDGeneral Dynamics receives DMCC contract from NSA
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October 22, 2014
09:14 EDTGDGeneral Dynamics: Aerospace to enjoystrong order intake in Q4
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09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to 7.60-$7.70 from $7.40-$7.45
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07:07 EDTGDGeneral Dynamics reports end Q3 backlog $74.4B
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07:06 EDTGDGeneral Dynamics reports Q3 EPS $2.06, consensus $1.91
Reports Q3 revenue $7.75B, consensus $7.58B. Company-wide operating margins for Q3 were 12.9%, 50 basis points higher than third-quarter 2013 margins.
07:05 EDTNOCNorthrop Grumman raises FY14 EPS view to $9.40-$9.50, consensus $9.35
Prior FY14 EPS view $9.15-$9.35. Sees FY14 sales about $23.8B, versus prior view of $23.5B-$23.8B, consensus $23.71B. Backs FY14 free cash flow $1.7B-$2B.
07:03 EDTNOCNorthrop Grumman reports Q3 adjusted EPS $2.26, consensus $2.14
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October 21, 2014
15:35 EDTNOC, GDNotable companies reporting before tomorrow's open
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08:06 EDTNOCNorthrop Grumman by Airbus Helicopters
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07:10 EDTBAESYBAE Systems acquires SilverSky
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06:11 EDTBAESYBAE Systems to acquire SilverSky for $232.5M on cash free, debt free basis
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October 17, 2014
16:56 EDTGDLongview Asset reports 9.97% stake in General Dynamics
October 16, 2014
14:58 EDTGDArmy poised to order more Stryker vehicles, Defense News says
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14:55 EDTGDTeledyne awarded major marine defense electronics contract from General Dynamics
Teledyne Technologies (TDY) announced that its Teledyne Oil & Gas group has been awarded a contract by General Dynamics Electric Boat of Groton, (GD) for materials and engineering support covering electrical and fiber optic interconnect assembly hardware primarily from Teledyne’s DGO business unit based in Portsmouth, New Hampshire. This contract represents the largest single award in the fifty-plus-year history of Teledyne DGO and directly supports the U.S. Navy’s Virginia-class submarine program. The contract is a multi-year award, covering a total of ten ship-sets, with manufacturing to commence in 2015.
October 15, 2014
10:01 EDTNOCNorthrop Grumman awarded contract from Lockheed
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October 14, 2014
17:29 EDTGD, BAESYU.S. Army may revive Ground Combat Vehicle program, WSJ says
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October 13, 2014
10:08 EDTGDOn The Fly: Analyst Upgrade Summary
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09:02 EDTBAESYGE receives order from BAE Systems for 3U VPX rugged systems
GE’s Intelligent Platforms business (GE) announced at AUSA that it had received a $2.6M order from BAE Systems Platforms and Services (BAESY) for a quantity of its latest generation 3U VPX COTS Rugged Systems that deliver an advanced HPEC capability. The COTS Rugged Systems will be deployed as part of the US Army’s CETU which sees in-vehicle training and simulation incorporated into the Bradley Fighting Vehicle.
07:42 EDTGDGeneral Dynamics upgraded to Buy from Neutral at Buckingham
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