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Stock Market & Financial Investment News

News For GD;LMT;SSYS;BA;NOC;HON;AA;SPA;RTN;BAESY;HXL;DASTY From The Last 14 Days
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July 28, 2015
10:00 EDTRTNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
09:04 EDTSPASparton, Ultra Electronics JV recognized as superior supplier by U.S. Navy
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08:01 EDTRTNRaytheon upgraded to Buy on valuation at BofA/Merrill
As previously reported, BofA/Merrill upgraded Raytheon to Buy from Neutral and maintained its $120 price target. The firm upgraded shares based on valuation and said regional instability in the Middle East may boost demand for missile defense systems.
07:50 EDTSSYSJefferies cuts price targets in 3D printing space after survey
After surveying 30 resellers in the 3D printing space, Jefferies analyst Jason North cut his price target for 3D Systems (DDD) to $14 from $22 and Stratasys (SSYS) to $50 from $60. A key investor discussion is when or if the industry will return to 20% growth, North writes in a research note. His survey indicates Q4 as the most likely time frame for Stratasys and later, if ever, for 3D Systems. The survey suggests weak Q2 results and a "muted" rebound in Q3, North tells investors. He prefers shares of Arcam (AMAVF) and Stratasys, both of which are Buy rated, to Hold-rated 3D Systems and Proto Labs (PRLB).
06:13 EDTHONHoneywell to host conference call
Conference call to discuss acquisition of Elster will be held on July 28 at 9 am. Webcast Link
06:10 EDTRTNRaytheon upgraded to Buy from Neutral at BofA/Merrill
05:31 EDTHONHoneywell to acquire Elster Division of Melrose Industries for about $5.1B
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05:29 EDTHONHoneywell to acquire Elster Division of Melrose Industries for about $5.1B
July 27, 2015
16:31 EDTNOCNorthrop Grumman says exceeded original cost reduction target
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11:37 EDTSSYSStratasys upgraded to Buy with $45 price target at Dougherty
Before the open, Dougherty analyst Andrea James upgraded Stratasys (SSYS) to Buy from Neutral and set a $45 price target on the stock, noting that the firm's North American channel checks indicate the sales climate has improved since the stock was downgraded in April. James also said that the pullback in the stock over that time frame leaves it trading at a "historically low P/E multiple" and that the firm believes HP (HPQ) will compete more directly with others in the 3D space than it will with Stratasys.
07:16 EDTRTNImperva announces agreement with Raytheon Websense
Imperva (IMPV) and Raytheon Websense, a joint venture of Raytheon (RTN) and Vista Equity Partners announced an agreement to facilitate safe and productive use of cloud apps for organizations of all sizes. The technology licensing and joint marketing agreement enables Raytheon Websense to embed the Imperva Skyfence Cloud App Catalog into its web security gateway products and also certifies joint interoperability to make it easier for customers to deploy and integrate the solutions.
06:35 EDTBAAir Lease announces lease agreement with Air Vanuatu
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July 26, 2015
19:09 EDTLMTUnited Technologies says DoJ opens criminal investigation of Sikorsky
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15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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July 24, 2015
17:04 EDTRTNRaytheon awarded $180.4M government contract
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16:30 EDTLMTStocks end week lower as Apple headlines busy week of earnings
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11:38 EDTBABoeing to cut titanium use in 787 Dreamliner production, Reuters reports
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10:06 EDTLMTLockheed Martin confirms $1.5B Patriot missile contract
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07:19 EDTRTNRaytheon outlook positive, says Wells Fargo
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July 23, 2015
17:33 EDTLMTLockheed Martin awarded $1.56B government contract modification
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11:58 EDTBABoeing upgraded to Buy from Neutral at Tigress Financial
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11:02 EDTGDGeneral Dynamics awarded $20M contract modification from U.S. Navy
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09:16 EDTLMTLockheed Martin awarded $154M contract by U.S. Navy
Lockheed Martin has been awarded a $154M contract by the U.S. Navy to upgrade the fleet's electronic warfare defenses against evolving threats.
09:14 EDTGDGeneral Dynamics UK awarded GBP390M contract
General Dynamics UK has been awarded a GBP390M contract by the UK Ministry of Defence to provide in-service support for the SCOUT Specialist Vehicle fleet until 2024. In addition, the company is opening a new Armoured Fighting Vehicle Assembly, Integration and Testing facility in South Wales. The contract is an extension of the in-service support that General Dynamics UK was contracted to provide for the SCOUT SV fleet until 2020. The vehicles are on schedule to be delivered to the British Army from 2017 through 2024. The new UK industrial capability, alongside the SCOUT SV extended in-service support contract, will support the creation of 250 new jobs in South Wales.
09:12 EDTHONIntelligent Highway Solutions completes purchase order from Honeywell
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09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.
08:11 EDTBABoeing price target raised to $196 from $190 at Bernstein
Bernstein increased its price target on Boeing as the firm says that the company's margins beat its estimates, while the company's cash flows were strong. Bernstein reiterates an Outperform rating on the shares.
07:55 EDTRTNRaytheon reports Q2 IDS sales $1.70B, due to higher sales in Patriot programs
Reports Q2 IIS sales $1.50B. Reports Q2 Missile Systems sales $1.56B. Reports Q2 Space and Airborne Systems sales $1.42B, due to lower sales on international tactical radar systems programs.
07:53 EDTRTNRaytheon reports Q2-end backlog $34.5B, funded backlog $25.3B
07:08 EDTRTNRaytheon cuts FY15 EPS cont ops to $6.47-$6.62 from $6.67-$6.82
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07:06 EDTRTNRaytheon reports Q2 bookings of $7.58B, book-to-bill ratio of 1.30
07:06 EDTRTNRaytheon reports Q2 EPS cont ops $1.65, consensus $1.62
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July 22, 2015
12:32 EDTBAOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
11:24 EDTBABoeing says market demand for 777S 'remains very strong'
Says it is building first 2 full production tankers for the U.S. Air Force. Says it does not see changes in 'demand signals' for jets. Says working to lower risk while transitioning 777 to new 777X.
10:54 EDTBABoeing CFO says commercial airplance backlog remains 'very strong'
Says 787 deferred production growing at same rate in Q3. Says company expects drop in 787 cost growth pace during Q4. Sees "strong interest" for final C-17 jet white tail. Says company expects to complete $7.5B share repurchase authorization over next two years. Says company remains focused on disciplined execution and meeting customer commitment. Sees improved cash performance offsetting tanker charge.
10:47 EDTBABoeing sees 787 program becoming cash flow positive in 2015
10:44 EDTBABoeing says 737 Max on track for first delivery in 2017
10:44 EDTBABoeing chairman: Company positioned for sustained, profitable growth
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09:07 EDTBAOn The Fly: Pre-market Movers
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09:02 EDTNOCHarris awarded $15M submarine sensor contract
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08:35 EDTNOC, LMTCompanies' Low Cost Terminal project completes Critical Design Review stage
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07:49 EDTHXLHexcel weakness creates buying opportunity, says RBC Capital
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07:39 EDTBABoeing reports Q2-end backlog $489B, included net orders of $18B
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07:38 EDTBABoeing backs FY15 Commercial Airplanes deliveries 750-755
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07:37 EDTBABoeing reports Q2 Defense, Space & Security revenue down 3% to $7.65B
07:37 EDTBABoeing reports Q2 Commercial Airplanes revenue up 18% to $16.88B
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07:36 EDTBABoeing says outlook for 2H15 'remains positive'
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07:35 EDTBABoeing: Q2 results included $536M charge on KC-Tanker program
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07:35 EDTBABoeing cuts FY15 adjusted EPS to $7.70-$7.90 from $8.20-$8.40, consensus $7.88
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07:33 EDTBABoeing reports Q2 non-GAAP EPS $1.62, consensus $1.37
Reports Q2 revenue $24.54B, consensus $24.22B
06:56 EDTLMT, BAESYContractor mergers, sales fueled by government spending cuts, Reuters says
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July 21, 2015
17:41 EDTBAFedEx to acquire fifty additional 767-300F aircraft from Boeing
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15:42 EDTBABoeing July weekly 147 straddle priced for 2.9% movement into Q2
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15:02 EDTBANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
14:28 EDTBABoeing technical comments ahead of results
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13:48 EDTBABoeing may delay $3B tanker contracts for 8 months, Bloomberg reports
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12:37 EDTBAEarnings Watch: Boeing sees Q2 charge of 77c per share for KC-46 tanker program
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09:06 EDTHONHoneywell's company technology selected by China's Ningxia Baota Chemical Fiber
UOP, a Honeywell company, announced that China's Ningxia Baota Chemical Fiber will use Honeywell UOP's latest generation technologies and equipment to build an energy-efficient petrochemical complex. The Yinchuan City, Ningxia, China, complex will produce valuable petrochemicals as well as high-quality gasoline, and is expected to come online in 2018. In addition to licensing, Honeywell UOP will provide the basic engineering, commissioning services, training services, proprietary equipment, catalysts and adsorbents for the new complex.
08:38 EDTBABoeing July weekly volatility elevated into Q2 and outlook
Boeing July weekly call option implied volatility is at 33, August is at 19, September is at 18; compared to its 52-week range of 13 to 29, suggesting large near term price movement into the expected release of Q2 results on July 22.
08:35 EDTLMTUnited Technologies sees Sikorsky transaction to close around year end
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08:02 EDTRTNRaytheon and partners developed lower-cost airframe for U.S. Air Force's MALD
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06:53 EDTLMTUnited Technologies eyes takeovers after Sikorsky deal, Reuters says
United Technologies (UTX), following a deal to sell its Sikorsky helicopter unit to Lockheed Martin (LMT), is expected to seek acquisition targets, Reuters says, citing analysts from Sterne Agee and Edward Jones. United Technologies said it planned to use SIkorsky's profit contribution to repurchase shares, the report says, though Sterne Agee analyst Peter Arment says that the sale gives United Tech the flexibility needed to pursue acquisitions. Reference Link
05:30 EDTBABoeing, EVA Air finalize order for five 777 freighters
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July 20, 2015
16:22 EDTLMTOn The Fly: Top stock stories for Monday
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16:10 EDTHXLHexcel maintains 2015 EPS outlook $2.33-$2.43, consensus $2.43
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16:10 EDTHXLHexcel reports Q2 EPS 63c, consensus 61c
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15:01 EDTHXLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $3.78... Canadian National Railway (CNI), consensus $1.05... Crown Holdings (CCK), consensus $1.01... Zions Bancorp (ZION), consensus 38c... Hexcel (HXL), consensus 61c... Brown & Brown (BRO), consensus 44c... Steel Dynamics (STLD), consensus 22c... Werner (WERN), consensus 42c.
14:08 EDTLMTLockheed Martin technical notes ahead of earnings
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12:31 EDTGDGeneral Dynamics awarded contracts totaling $126M for Hydra-70 rocket program
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12:16 EDTBABoeing sees nearly 1.2M pilots, technicians needed over next 20 years
Boeing released a new forecast showing continued strong demand for commercial airline pilots and maintenance technicians as the world's airlines add 38,000 airplanes to the global fleet over the next 20 years. Boeing's 2015 Pilot and Technician Outlook projects that between 2015 and 2034, the world will require 558,000 new commercial airline pilots and 609,000 new commercial airline maintenance technicians. The 20-year projected demand for new pilots and technicians by region is: Asia Pacific – 226,000 pilots and 238,000 technicians; Europe – 95,000 pilots and 101,000 technicians; North America – 95,000 pilots and 113,000 technicians; Latin America – 47,000 pilots and 47,000 technicians; Middle East – 60,000 pilots and 66,000 technicians; Africa – 18,000 pilots and 22,000 technicians; Russia / CIS – 17,000 pilots and 22,000 technicians.
12:15 EDTLMTLockheed Martin says Sikorsky fits 'right in our sweet spot'
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12:08 EDTLMTOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
12:07 EDTLMTLockheed Martin sees long-range strike bomber contract awarded in August-Sept
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11:49 EDTLMTLockheed Martin says expects to be same size following strategic actions
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11:33 EDTLMTLockheed Martin says reviewed options for info tech units 'for some time'
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11:25 EDTLMTLockheed Martin says will finance Sikorsky purchase with $1B cash, $8B debt
Says expects to pay 3.75% coupon on Sikorsky-related debt. Expects to close the purchase "as soon as possible" and sees integration costs centered in 2016. Sees deal providing $450M/year tax deduction. Expects transaction to be marginally accretive to EPS starting in 2017. Comments from company's Q2 earnings conference call.
11:19 EDTLMTLockheed Martin says 'well positioned' for 2H15
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11:13 EDTLMTLockheed Martin says FY15 tracking as planned
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08:29 EDTHONHoneywell organic growth hurdles could lead to M&A, says Cowen
Cowen believes Honeywell (HON) faces many hurdles to its organic growth, which could lead to M&A activity. The firm believes Honeywell targets could include Teledyne (TDY), BE Aerospace (BEAV) or Astronics (ATRO), which would allow it to grow it market leading telematics position. Cowen reiterated its Outperform rating and $116 price target on Honeywell shares.
07:46 EDTLMTLockheed Martin reports Q2 Aeronautics revenue $4.13B
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07:43 EDTLMTLockheed Martin raises FY15 EPS to $11.00-$11.30 from $10.85-$11.15
FY15 EPS consensus $11.23. Backs FY15 revenue $43.5B-$45B, consensus $44.55B. Backs FY15 orders $43.5B-$45B. Raises FY15 consolidated operating profit $5.43B-$5.58B from $5.35B-$5.5B. Backs FY15 cash from operations of at least $5B.
07:43 EDTLMTLockheed Martin to acquire Sikorsky Aircraft business for $9B
United Technologies (UTX) announced that it has reached an agreement to sell its Sikorsky Aircraft business to Lockheed Martin (LMT) for $9B in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the Q1 of FY16. Proceeds from the sale are expected to be used to fund additional share repurchase to offset the earnings impact related to the sale. The company will discuss this transaction at its previously scheduled conference call with investors. In addition, UTC's Board of Directors has authorized a share repurchase program for up to 75M shares of the company's common stock, which would be worth approximately $8.3B based on the NYSE closing price of UTC shares on July 17. The new authorization replaces a previous program, approved in February 2013, which was nearing completion. The precise timing and amount of repurchases will be determined based on the company's evaluation of market conditions and other factors, and the program may be suspended or discontinued at any time.
07:40 EDTLMTLockheed Martin to conduct strategic review of govt IT infrastructure business
On July 20, 2015, Lockheed Martin also announced that it will conduct a strategic review of the government IT infrastructure services business within its IS&GS business segment and the technical services business within its MFC business segment. The programs to be reviewed represent approximately $6B in estimated 2015 annual sales and approximately 17,000 employees. The Lockheed Martin expects the strategic review will result in a spin-off to its shareholders or sale of these businesses. The IS&GS programs that are not included in the strategic review are mostly focused on defense and intelligence customers and will be realigned into the Lockheed Martin's other business segments following completion of the review. The Corporation expects to complete the strategic review in 2015. While the Lockheed Martin performs its strategic review, it will maintain the current operating and reporting structure and will continue to report the financial results of the government IT infrastructure services and technical services businesses in its continuing operations.
07:39 EDTLMTLockheed Martin reports Q2 cash from operations was $1.3B
07:36 EDTLMTLockheed Martin reports Q2 EPS $2.94, consensus $2.67
Reports Q2 revenue $11.64B, consensus $10.99B.
07:12 EDTHONHoneywell reported strong operating results, says Stifel
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06:14 EDTBAESYBAE Systems cuts Typhoon jet fighter costs, slows production, Telegraph says
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July 19, 2015
20:33 EDTLMT, BAMedia reports say Lockheed to buy UTX's Sikorsky
According to media reports, Lockheed Martin (LMT) has agreed to purchase United Technologies' (UTX) Sikorsky unit. The news comes after several months of speculation surrounding Sikorsky, and an announcement could be made just a day prior to second quarter earnings for both United and Lockheed. WHAT'S NEW: Reuters reported on Sunday that Lockheed Martin has agreed to buy Sikorsky Aircraft from United Technologies for over $8B, according to two sources, adding that the deal is set to be formally announced on Monday. The news was later echoed by Bloomberg, citing a person familiar with the talks. WHAT'S NOTABLE: United Technologies first reported that it was exploring strategic options for its Sikorsky unit on March 11. At the time, the company noted that options included a spinoff or a stand-alone public company, saying that the split could allow United "to better focus on providing high-technology systems and services to the aerospace and building industries." Following the announcement, UBS remarked that it was "not surprised" and reiterated a $136 price target on United shares. On May 20, the Wall Street Journal quoted sources as saying Boeing (BA), Airbus (EADSY) and Lockheed submitted bids for the helicopter maker, with a speculated deal thought to reach the $10B area. A June 9 report from Reuters added Textron (TXT) to the list of bidders. Today's news -- though unconfirmed by either United or Lockheed -- comes ahead of second quarter earnings reports for both companies scheduled for Tuesday, July 21. PRICE ACTION: Shares of Lockheed Martin declined 0.22% to $201.18 at the close of trading on July 17, while those of United Technologies fell 0.45% to $110.76.
19:32 EDTBABoeing India eyeing investments in local aerospace companies, PTI says
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15:31 EDTLMTLockheed Martin to buy Sikorsky for over $8B, Reuters says
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July 17, 2015
17:26 EDTRTN, NOC, LMT, BAESY, BA, GDBAE Systems, others awarded $6B government contract
American Systems, Chantilly, Virginia; BAE Systems (BAESY), McLean, Virginia; Blue Canopy, Reston, Virginia; The Boeing Co. (BA), Annapolis Junction, Maryland; Booz Allen Hamilton, McLean, Virginia; CACI (CACI), Chantilly, Virginia; CGI Federal, Fairfax, Virginia; Computer Sciences Corp. (CSC), Falls Church, Virginia; D&S Consultants Inc., Eatontown, New Jersey; EIS, Vienna, Virginia; General Dynamics Information Technology (GD), Herndon, Virginia; HP Enterprise Services, Herndon, Virginia; IBM (IBM), Reston, Virginia; Intelligent Decisions, Ashburn, Virginia; K Force Government Solutions, Fairfax, Virginia; L3 National Security Solutions, Reston, Virginia; Leidos (LDOS), Reston, Virginia; Lockheed Martin Corp. (LMT) Gaithersburg, Maryland; ManTech/WINS, Fairfax, Virginia; Northrop Grumman (NOC), Chantilly, Virginia; Pragmatics, Reston, Virginia; Raytheon IIS Group (RTN), Dulles, Virginia; Scientific Research Corp., Atlanta, Georgia; Sotera, Herndon, Virginia; SRA International, Fairfax, Virginia; 22nd Century Technologies, McLean, Virginia; AEEC LLC, Reston, Virginia; American Technology Solutions International, Fredericksburg, Virginia; Berico Technologies, Reston, Virginia; The Buffalo Group, Reston, Virginia; Convergent Solutions Inc., Alexandria, Virginia; Criterion Systems Inc., Vienna, Virginia; Cyberspace Solutions, Reston, Virginia; DAn Solutions Inc., McLean, Virginia; DKW Communications, Washington, District of Columbia; E-Volve Technology Systems, National Harbor, Maryland; Federated IT, Washington, District of Columbia; Intrepid Solutions & Services Inc., Reston, Virginia; The Kenjya Group, Columbia, Maryland; New River Systems, Sterling, Virginia; OCCAM Solutions, McLean, Virginia; QVine Corp., Reston, Virginia; Red Arch Solutions, Columbia, Maryland; Riite, Chantilly, Virginia; Soft Tech Consulting, Chantilly, Virginia; Trusted Mission Solutions, McLean, Virginia; Varen Technologies, Columbia, Maryland; Vykin Corp., Tampa, Florida; Xcelerate Solutions, McLean, Virginia; and Zolon Tech Inc., Herndon, Virginia, were awarded an indefinite-delivery/indefinite-quantity, multiple-award contract with a combined ceiling value of $6B. The Enhanced Solutions for the Information Technology Enterprise contract supports information technology requirements across the Defense intelligence enterprise and the greater intelligence community. Work will be performed worldwide with an estimated completion date of July 16, 2020. The E-SITE contract vehicle was solicited on the basis of full and open competition, and 77 proposals were received. After conducting a thorough evaluation based on the request for proposal criteria, contracts are being awarded to 25 large businesses and 25 small businesses. Each company will be awarded a $500 minimum guarantee and additional funding will be obligated on individual task orders with the initial follow-on task order competitions scheduled this summer. The Virginia Contracting Activity, Washington, District of Columbia, is the contracting activity.
16:24 EDTBAOn The Fly: Top stock stories for Friday
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10:15 EDTHONHoneywell sees Europe Transportation Systems up mid single digits in Q3
10:02 EDTHONHoneywell expects momentum from Q2 'bodes well' for 2H15
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09:45 EDTBABoeing cash generation should be viewed positively, says Wells Fargo
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09:35 EDTHONHoneywell confident in 2015 outlook, with core growth accelerating in 2H15
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09:33 EDTHONHoneywell sees Q3 revenue $9.7B-$9.9B, consensus $9.95B
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08:48 EDTBABoeing expects to adjust 2015 EPS guidance due to Q2 charge
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08:34 EDTBABoeing to recognize Q2 charge of 77c per share for KC-46 tanker program
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07:05 EDTHONHoneywell sees FY15 operating income margin 16.5%-17.7%
07:04 EDTHONHoneywell reports Q2 Aerospace sales down 5% to 3.83B
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07:03 EDTHONHoneywell reports Q2 core organic sales growth 3%
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07:02 EDTHONHoneywell raises FY15 EPS to $6.05-$6.15 from $6.00-$6.15, consensus $6.09
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07:01 EDTHONHoneywell reports Q2 EPS $1.51, consensus $1.49
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July 16, 2015
15:45 EDTHONHoneywell July 105 straddle priced for 2.3% movement into Q2
15:02 EDTHONNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include General Electric (GE), consensus 28c... Honeywell (HON), consensus $1.49... Synchrony Financial (SYF), consensus 62c... SunTrust Banks (STI), consensus 81c... Progressive (PGR), consensus 55c... W.W. Grainger (GWW), consensus $3.05... Kansas City Southern (KSU), consensus $1.02... JB Hunt Transport (JBHT), consensus 90c... Autoliv (ALV), consensus $1.55... Comerica (CMA), consensus 75c... First Horizon (FHN), consensus 20c.
14:05 EDTHONHoneywell technical comments before earnings
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12:29 EDTBAEarnings Watch: Bernstein positive on GE ahead of Q2 report
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11:27 EDTSSYSPiper ups Voxeljet despite caution after 3D printing survey
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11:03 EDTBABoeing reports 50 new orders since last update
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09:27 EDTLMTCurtiss-Wright receives award from Lockheed Martin for TDSS
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06:18 EDTSSYSPiper's 3D printing survey 'discouraging again'
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05:36 EDTSSYSvoxeljet upgraded to Overweight from Neutral at Piper Jaffray
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July 15, 2015
16:44 EDTBAOrbital ATK supports succesful launch of U.S. Air Force GPS satelliate
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13:57 EDTBAFAA says some Boeing 747 planes at risk of 'divergent flutter'
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July 14, 2015
17:52 EDTAAS&P announces changes to the S&P 500, 400, 600, and 100 indices
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17:25 EDTLMTLockheed Martin awarded $101.3M government contract
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17:21 EDTLMTLockheed Martin awarded $718.3M government contract modification
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17:16 EDTBABell Boeing awarded contract by U.S. Navy for five V-22 Osprey
Bell Boeing, a strategic alliance between Bell Helicopter, a Textron (TXT) company, and Boeing (BA), was awarded a U.S. Navy contract for five Bell Boeing V-22 Osprey tiltrotor aircraft to be delivered to Japan, marking the first sale of the aircraft through the U.S. government’s foreign military sales program. The contract for the Block C aircraft includes support, training, and equipment. The versatile V-22 tiltrotor will allow Japan’s Ground Self-Defense Force greatly enhanced capabilities, while providing an ideal platform for relief efforts in response to natural disasters.
10:01 EDTGD, BAOn The Fly: Analyst Initiation Summary
8point3 Energy (CAFD) initiated with a Buy at Deutsche Bank... Abraxas Petroleum (AXAS) initiated with a Market Perform at Cowen... Amarantus Bioscience (AMBS) initiated with a Buy at WallachBeth... Ashford Hospitality Prime (AHP) initiated with a Hold at Canaccord... Ashford (AINC) initiated with a Hold at Canaccord... BE Aerospace (BEAV) initiated with a Neutral at JPMorgan... Bed Bath & Beyond (BBBY) initiated with a Neutral at Longbow... Benchmark Electronics (BHE) initiated with a Buy at B. Riley... Bill Barrett (BBG) initiated with a Market Perform at Cowen... Boeing (BA) initiated with an Overweight at JPMorgan... Bombardier (BDRBF) initiated with a Neutral at JPMorgan... Cablevision (CVC) initiated with a Hold at Deutsche Bank... Charter (CHTR) initiated with a Buy at Deutsche Bank... Chesapeake (CHK) initiated with an Equal Weight at Stephens... Comcast (CMCSA) initiated with a Hold at Deutsche Bank... DiamondRock (DRH) initiated with a Buy at Canaccord... Diamondback Energy (FANG) initiated with an Outperform at Cowen... EOG Resources (EOG) initiated with an Overweight at Stephens... Fogo De Chao (FOGO) initiated with a Buy at Jefferies... General Dynamics (GD) initiated with an Overweight at JPMorgan... HP (HPQ) initiated with a Hold at Maxim... Hanover Insurance (THG) initiated with an Overweight at Piper Jaffray... Harris (HRS) initiated with a Neutral at JPMorgan... Hospitality Properties (HPT) initiated with a Hold at Canaccord... Host Hotels (HST) initiated with a Hold at Canaccord... Hydrogenics (HYGS) initiated with a Buy at Rodman & Renshaw... King Digital (KING) initiated with an Overweight at Morgan Stanley... L-3 Communications (LLL) initiated with a Neutral at JPMorgan... La-Z-Boy (LZB) initiated with a Neutral at Longbow... LaSalle Hotel (LHO) initiated with a Hold at Canaccord... MINDBODY (MB) initiated with a Buy at UBS... Marriott (MAR) initiated with a Hold at Canaccord... Newfield Exploration (NFX) initiated with a Buy at Global Hunter... Northern Oil and Gas (NOG) initiated with a Market Perform at Cowen... Northrop Grumman (NOC) initiated with an Underweight at JPMorgan... Oasis Petroleum (OAS) initiated with an Outperform at Cowen... PDC Energy (PDCE) initiated with an Outperform at Cowen... Pier 1 Imports (PIR) initiated with a Buy at Longbow... Plexus (PLXS) initiated with a Buy at B. Riley... Raytheon (RTN) initiated with a Neutral at JPMorgan... RetailMeNot (SALE) initiated with an Equal Weight at Morgan Stanley... Rockwell Collins (COL) initiated with a Neutral at JPMorgan... Spirit AeroSystems (SPR) initiated with an Overweight at JPMorgan... Starwood (HOT) initiated with a Buy at Canaccord... Strategic Hotels (BEE) initiated with a Buy at Canaccord... Summit Hotel Properties (INN) initiated with a Buy at Canaccord... Textron (TXT) initiated with a Neutral at JPMorgan... Time Warner Cable (TWC) initiated with a Buy at Deutsche Bank... TransDigm (TDG) initiated with an Overweight at JPMorgan... TrueCar (TRUE) initiated with an Equal Weight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Outperform at Cowen... XL Group (XL) initiated with an Overweight at Piper Jaffray... Zillow Group (Z) initiated with an Overweight at Morgan Stanley... Zynga (ZNGA) initiated with an Equal Weight at Morgan Stanley.
10:01 EDTHONHoneywell Solstice refrigerants approved for use by EPA
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09:07 EDTHONHoneywell's UOP technology licensed in China
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08:41 EDTLMTLockheed Martin receives follow-on contract from Pakistan Air Force
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07:02 EDTBADucommun wins contract from Spirit AeroSystems for work on Boeing 737 MAX
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06:50 EDTSPASparton initiated with a Neutral at B. Riley
Target $25.
06:29 EDTHONHoneywell July volatility elevated into Q2 and outlook
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06:24 EDTBAFedEx in talks to buy 'at least' 25 Boeing cargo jets, Bloomberg reports
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06:13 EDTRTNRaytheon initiated with a Neutral at JPMorgan
Target $115.
06:13 EDTNOCNorthrop Grumman initiated with an Underweight at JPMorgan
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06:09 EDTLMTLockheed Martin initiated with an Overweight at JPMorgan
Target $226.
06:09 EDTGDGeneral Dynamics initiated with an Overweight at JPMorgan
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06:09 EDTBABoeing initiated with an Overweight at JPMorgan
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05:40 EDTBABoeing announces Oman Air contracted for a suite of services in support of 787
Boeing announced that Oman Air has contracted for a suite of services to support the upcoming entry into service of the airline's 787 Dreamliners and to ensure ongoing efficiency and cost savings for its fleet.
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