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Stock Market & Financial Investment News

News Breaks
March 25, 2013
08:34 EDTCW, NOC, BAESYCurtiss-Wright awarded $2.5M contract by Northrop Grumman for GCV project
Curtiss-Wright Corporation (CW) announced the receipt of a contract from Northrop Grumman (NOC) to provide open architecture mission computer and network switch subsystems for use in the U.S. Army's new Ground Combat Vehicle, or GCV, Infantry Fighting Vehicle. The initial value of the contract is $2.5M. The contract has a total potential value in excess of $250M over the lifetime of the production phase of the program, which is expected to begin in 2018. Under the terms of the contract, shipments began in the 1Q12 and are scheduled to continue throughout the remainder of this year. The BAE Systems-Northrop Grumman team is one of two industry teams working under technology development contracts for the GCV program.
News For CW;NOC;BAESY From The Last 14 Days
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October 22, 2014
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 EDTNOCNotable 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 15, 2014
10:01 EDTNOCNorthrop Grumman awarded contract from Lockheed
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October 14, 2014
17:29 EDTBAESYU.S. Army may revive Ground Combat Vehicle program, WSJ says
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October 13, 2014
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.
October 9, 2014
13:56 EDTNOC, BAESYObama calls on Congress to lift defense spending cuts, Politico says
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11:27 EDTBAESYBAE Systems to cut 440 management jobs
BAE Systems has announced 440 potential managerial job losses within its Military Air & Information business. This proposal is driven by the organisation’s continuous drive for efficiency. Chris Boardman, Managing Director of BAE Systems MAI, commented: “It is always regrettable when you have to announce potential job losses. However, we believe that by implementing changes to our management structure we will become a more efficient and effective business, and be better placed to meet the needs of current and potential customers in what is an increasingly competitive market." Reference Link

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