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News Breaks
June 6, 2014
11:53 EDTCMTL, VSAT, HRS, LLLComtech hits 52-week high after beating estimates, raising FY14 outlook
Shares of Comtech (CMTL), which produces and markets products, systems and services for advanced communications solutions, are rising after the company’s third quarter results surpassed expectations, and it raised its fiscal 2014 outlook. WHAT'S NEW: Last night, Comtech reported Q3 earnings per share of 32c and revenue of $88.9M, beating the consensus views of 18c and $77.5M, respectively. WHAT’S NOTABLE: Comtech raised its FY14 EPS outlook to $1.25-$1.30 from $1.14-$1.26, compared to consensus of $1.19. It also boosted its FY14 revenue view to $342M-$346M from $325M-$345M, versus consensus of $334.97M. FY14 adjusted EBITDA is expected to be in the range of $58M-$60M. The company cited its year-to-date results and anticipated fourth quarter performance for the revision. PRICE ACTION: In late morning trading, Comtech rose $4.46, or about 13.53%, to $37.45 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a new 52-week high of $37.26. Including today’s advance, the stock has gained over 42% over the past twelve months. OTHERS TO WATCH: Other companies in the advanced communications space include ViaSat (VSAT), Harris Communications (HRS), and L-3 Communications (LLL).
News For CMTL;VSAT;HRS;LLL From The Last 14 Days
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September 18, 2014
09:00 EDTHRSHarris selected by U.S. Air Force for hosted payload solutions contract
The U.S. Air Force Space and Missile Systems Center has selected Harris Corporation for a 5-year, $495M multi-vendor IDIQ contract for the Hosted Payload Solutions program. The program will leverage commercial spacecraft to speed the implementation and reduce the cost of future government space applications. Harris will match government payloads with commercial spacecraft and provide integration, testing, infrastructure and operations services to accommodate, launch and operate the payloads. Initial potential HoPS candidates include NASA, NOAA, the Air Force Military Satellite Communications Systems Directorate, and the Air Force Research Laboratory. Potential missions cover a broad spectrum of applications, including scientific research, search and rescue, communications and others.
September 16, 2014
09:01 EDTHRSHarris awarded $19M tactical radio IDIQ contract
Harris Corporation has been awarded a $19M IDIQ contract to provide the Air Force Special Operations Command with up to 1,500 Falcon III AN/PRC-152A wideband radios and accessories. The AN/PRC-152A is a key component of AFSOC’s communication system, providing mission critical ground-to-air communications and enhanced situational awareness of the battlefield. The wideband tactical radios meet current and emerging mission requirements using a full suite of integrated line-of-sight, beyond-line-of-sight and wideband communications. Harris Falcon III wideband tactical radios provide unprecedented situational awareness on the battlefield by delivering critical real-time tactical information to warfighters on the move. The company has shipped more than 45,000 of these radios to the U.S. Department of Defense as well as allied forces in more than 15 nations.
September 15, 2014
12:19 EDTLLLL-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.
07:22 EDTLLLAir Force Association to hold a conference
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September 12, 2014
11:21 EDTHRSHarris receives order from Defense Department for Falcon III radios
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September 11, 2014
12:29 EDTHRSHarris receives $88M order from Middle East nation for Falcon III
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10:01 EDTCMTLComtech awarded $1.2M in equipment orders
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September 10, 2014
09:02 EDTHRSHarris selected by Phoebe Putney Health System
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September 9, 2014
08:03 EDTVSATViaSat awarded $54M for MIDS JTRS development
ViaSat has been awarded $54M from the Space and Naval Warfare Systems Command for co-development and qualification of Tactical Targeting Network Technology capabilities for the Multifunctional Information Distribution System Joint Tactical Radio System. The order was awarded under the MIDS Indefinite Delivery/Indefinite Quantity contract initially executed in March 2010 and recently expanded to a higher ceiling amount to accommodate additional awards.
September 8, 2014
10:06 EDTLLLOn The Fly: Analyst Upgrade Summary
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09:13 EDTVSATCRT Capital recommends staying on sidelines in ViaSat
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07:30 EDTLLLL-3 Communications upgraded to Outperform from Perform at Oppenheimer
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06:36 EDTLLLL-3 Communications upgraded to Outperform from Perform at Oppenheimer
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05:08 EDTVSATViaSat reaches settlement with Space Systems/Loral
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