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News Breaks
August 20, 2014
17:21 EDTBAESY, NOC, GDBAE 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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February 25, 2015
10:16 EDTBAESYBAE Systems management to meet with Jefferies
Meetings to be held in Edinburgh/London March 2-4 hosted by Jefferies.
February 23, 2015
10:21 EDTGDGeneral Dynamics awarded $415M contract by US Army
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February 20, 2015
06:21 EDTBAESYBAE Systems management to meet with Jefferies
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February 19, 2015
07:46 EDTBAESY, GDAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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06:23 EDTBAESYBAE Systems signals recovery in US and UK defense budgets, Financial Times says
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06:18 EDTBAESYBAE Systems sees winning more Typhoon jet, naval orders in 2015, WSJ reports
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06:07 EDTBAESYBAE Systems sees 2015 underlying EPS marginally higher vs. 2014
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06:05 EDTBAESYBAE Systems reports 2014 operating profit GBP1.3B vs. GBP806M last year
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February 18, 2015
10:05 EDTNOCOn The Fly: Analyst Downgrade Summary
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07:28 EDTNOCNorthrop Grumman downgraded to Market Perform from Outperform at Bernstein
Bernstein downgraded Northrop Grumman to Market Perform citing high valuation. Price target raised to $184 from $177.
February 17, 2015
12:49 EDTGDSpirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo
After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.
10:01 EDTGDGeneral Dynamics awarded $50M for Abrams tank production
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