General Dynamics raises FY14 EPS cont ops to $7.40-$7.45 from $6.80-$6.85 FY14 EPS consensus of $7.33; Sees FY14 revenue $30.2B, consensus $30.39B. Expects FY14 operating margin of 12.5%. Sees FY14 effective tax rate in low end of guidance of 30.5%-31%. Comments taken from Q2 earnings conference call.
Spirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.