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Stock Market & Financial Investment News

News Breaks
March 5, 2013
05:57 EDTBAESY, ESLTElbit Systems subsidiary awarded $50M contract by BAE Systems for NAVAIR
Elbit Systems (ESLT) announced that M7 Aerospace, a wholly-owned subsidiary of Elbit Systems, will be working with BAE Systems (BAESY) to provide logistics support for the T-34, T-44, and T-6 aircraft under a contract awarded to BAE Systems by the Naval Air Systems Command, or NAVAIR. Under its NAVAIR contract, BAE Systems awarded M7 a subcontract of approximately $50M to be performed over a five-year period.
News For ESLT;BAESY From The Last 14 Days
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April 16, 2015
10:00 EDTBAESYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy at Goldman... Anglo American (AAUKY) downgraded to Sell from Neutral at Goldman... BAE Systems (BAESY) downgraded to Neutral from Buy at UBS... BHP Billiton (BHP) downgraded to Neutral from Conviction Buy at Goldman... Black Diamond (BDE) downgraded on valuation at Stifel... Boston Private Financial (BPFH) downgraded to Hold from Buy at Sandler O'Neill... Columbus McKinnon (CMCO) downgraded to Neutral from Buy at CL King... CoreSite Realty (COR) downgraded to Hold from Buy at Evercore ISI... Meggitt (MEGGF) downgraded to Sell from Neutral at UBS... Methanex (MEOH) downgraded to Sector Perform from Outperform at Scotia Capital... Nokia (NOK) downgraded to Neutral from Buy at Citigroup... SanDisk (SNDK) downgraded to Sell from Neutral at BTIG... Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at RBC Capital... Turquoise Hill (TRQ) downgraded to Hold from Speculative Buy at TD Securities... Washington Federal (WAFD) downgraded to Neutral from Buy at DA Davidson.
05:38 EDTBAESYBAE Systems downgraded to Neutral from Buy at UBS
UBS downgraded BAE Systems to Neutral citing a lack of upside potential following recent share gains. The firm also believes the U.S. defense budget could grow less than expected.
April 14, 2015
14:42 EDTBAESYBAE Systems management to meet with Jefferies
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10:31 EDTBAESYBAE Systems selected by U.S. Navy for submarine weapons engineering
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April 13, 2015
10:01 EDTBAESYBAE Systems receives $53M U.S. Navy contract
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April 10, 2015
06:22 EDTBAESYDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).

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