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Stock Market & Financial Investment News

News For GD;NOC From The Last 14 Days
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April 29, 2015
09:26 EDTNOC, GDOn The Fly: Pre-market Movers
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09:17 EDTGDGeneral Dynamics says on track in FY15 expectations
The company notes it is not its policy to change guidance at the end of Q1 and will give a better idea of its FY outlook at the mid point of the year. General Dynamics had previously given FY15 EPS guidance of $8.05-$8.10 on revenue guidance of $31.3B-$31.5B. The company says Aerospace results is not sustainable on margin perspective, specifically identifying "lumpy" nature of margin results in Aerospace. The segment saw favorable mix and tax credits in Q1. The company says it expects to beat margin guidance given in January, but does not know by how much. Expects to update with more specific numbers in Q2. Says impact in results from foreign exchange ranges relating to translation of international operating results. Sees FY15 effective tax rate of 29.5%. The company says it has not changed strategy to deploy free cash flow to share repurchase and dividends. Comments taken from Q1 earnings conference call.
07:35 EDTGDGeneral Dynamics reports total backlog of $70.5B at end Q1
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07:34 EDTGDGeneral Dynamics reports Q1 EPS $2.14, consensus $1.95
Reports Q1 revenue $7.8B, consensus $7.42B. Company-wide operating margins for Q1 were 13.2%, a 120 basis points improvement when compared to 12% in first-quarter 2014. Margins grew in three of the company's four business groups.
07:09 EDTNOCNorthrop Grumman reports Q1 Aerospace sales up 3.2% to $2.5B
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07:08 EDTNOCNorthrop Grumman raises FY15 EPS to $9.40-$9.60 from $9.20-$9.50
FY15 EPS consensus of $9.48. Backs FY15 revenue $23.4B-$23.8B, consensus $23.63B. Backs FY15 segment operating margin 15%. Backs FY15 operating margin in mid-12%. Backs FY15 free cash flow before after-tax discretionary pension contributions $1.7B-$2B. Backs FY15 cash provided by operating activities before after-tax discretionary pensoin contributions $2.4B-$2.7B.
07:06 EDTNOCNorthrop Grumman reports new awards of $6.1B, total backlog up to $38.4B
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07:05 EDTNOCNorthrop Grumman reports Q1 EPS $2.41, consensus $2.27
Reports Q1 revenue $5.96B, consensus $5.76B. Q1 EPS included 23c per share tax benefit resulting from partial resolution of IRS examination.
April 28, 2015
15:27 EDTGDGeneral Dynamics technical comments ahead of earnings
The key technical feature on the chart is a potential bearish descending triangle top. This pattern began forming last October. The trigger level for the pattern to become active would be below the $130 level. If that pattern does trigger, downside potential for the pattern is to the $115 area, presuming it completes. If the news is a bullish surprise, the first significant resistance level is at the 50-day moving average at $135.56. A breakout above that level would void the bearish pattern. Next resistance levels to watch as potential upside objectives would be at $136.70 and then at $141.17.
15:07 EDTGD, NOCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).
11:12 EDTNOCNorthrop Grumman to supply navigation system for SBIRS GEO-6 satellite
Northrop Grumman (NOC) has been selected by Lockheed Martin (LMT) to provide the space inertial reference system for the U.S. Air Force's sixth Space Based Infrared System Geosynchronous Earth Orbit satellite. Northrop Grumman will provide its Scalable Space Inertial Reference Unit for sensor pointing/stabilization and attitude control on the SBIRS GEO-6 space vehicle. Northrop Grumman has also provided its Scalable SIRU™ for previous SBIRS GEO satellites, including GEO-5 following the 2014 contract award.
April 27, 2015
05:30 EDTNOCNorthrop Grumman to provide gyrocompass nvigation system for Royal Canadian Navy
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05:28 EDTNOCNorthrop Grumman to upgrade Maersk line container ships
Northrop Grumman's Sperry Marine business unit has been selected to upgrade radar and ECDIS systems on more than 80 Maersk Line vessels. The upgrade will replace all previous radar and ECDIS systems on these vessels and will be carried out in Asia and Europe, from 2015 through 2017. Upgrades will include the Sperry Marine VisionMaster FT family of products and market-leading navigation systems such as the NAVIGAT Gyrocompasses, NAVIPILOT and NAVIGUIDE Autopilots and NAVIKNOT Speed Logs.
05:12 EDTNOCNorthrop Grumman announces agreement with Marine Electricals Limited in UAE
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April 23, 2015
11:01 EDTNOCNorthrop Grumman signs long-term agreement with Raytheon for LN-200 IMUs
Northrop Grumman Corporation (NOC) has entered a long-term agreement with Raytheon Company (RTN) to supply its LN-200 Inertial Measurement Unit for Raytheon optical targeting systems. The long-term agreement with Raytheon's Space and Airborne Systems business extends through 2018. The LN-200 provides camera stabilization on optical targeting systems that conduct long-range surveillance and target acquisition for various guided munitions. An initial purchase order valued at $2M was placed in December.
April 22, 2015
10:01 EDTGDGeneral Dynamics NASSCO awarded $23M for LCS sustainment
General Dynamics NASSCO has been awarded a $24.1M contract by the U.S. Navy for Littoral Combat Ships, or LCS, sustainment execution in support of LCS' home-ported in or visiting San Diego. General Dynamics NASSCO is a business unit of General Dynamics. Under the contract, General Dynamics NASSCO will plan, furnish material and provide support and facilities to maintain and modernize twelve LCS-class ships. This contract covers both variants, Freedom and Independence. These ships are fast, agile, focused-mission platforms designed for operation in near-shore environments and capable of open-ocean operation.
April 20, 2015
10:01 EDTNOCNorthrop Grumman, Caltech establish space solar power initiative
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