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Stock Market & Financial Investment News

News Breaks
February 6, 2013
05:55 EDTLLL, LLL, CACGU, CACGU, ATK, ATK, COL, COL, EGL, EGL, SAI, SAI, ATRO, ATRO, EAC, EACCowen to host a conference
34th Annual Aerospace/Defense Conference is being held in New York on February 6-7.
News For LLL;CACGU;ATK;COL;EGL;SAI;ATRO;EAC From The Last 14 Days
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November 26, 2014
11:41 EDTLLLCubic soars after results beat estimates, dividend raised
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10:11 EDTEGLOn The Fly: Analyst Initiation Summary
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06:09 EDTEGLEngility Holdings initiated with a Buy at Drexel Hamilton
Target $49.
November 24, 2014
12:46 EDTLLLL-3 Communications awarded $218M NGA contract for global network solutions
L-3 Communications announced that its National Security Solutions business has been awarded the National Geospatial-Intelligence Agency’s Information Technology Enterprise Managed Services Transport Services contract for engineering, operations and sustainment services to NGA’s global communications infrastructure. The five-year contract has an expected value of $218M, which includes projects that meet evolving IT mission needs. Under the contract, L-3 will provide services that include wired and wireless Local Area Networks (LANs) and Wide Area Networks, as well as the associated equipment, security devices and cable infrastructure needed to enable the secure, reliable and timely transmission of data.
November 21, 2014
07:31 EDTEGLEngility Holdings awarded prime position on $61M contract to support NAWCWD
Engility Holdings announced it has won a $61M single award indefinite-delivery/indefinite-quantity contract to provide engineering services and related research, development, test and evaluation efforts in support of the Naval Air Warfare Center Weapons Division. Under this award, Engility will provide a range of engineering services for the functional organizations that support numerous Department of Defense weapons acquisition programs. These services will include: design studies and evaluations associated with research, development, production and operations. The work will also include the full spectrum of test engineering services, as well as transition engineering and related efforts to transfer new technology from concept to Fleet support. Additionally, Engility will provide support services required for the management of technical activities. Work will be performed at China Lake, California, Point Mugu, California and Patuxent River, Maryland. This award, which represents new work for Engility, is a cost-plus-fixed-fee IDIQ contract and is expected to be completed in December 2017.
November 19, 2014
17:30 EDTATKATK reaffirms FY15 standalone guidance
17:25 EDTATKATK Sporting strategy remains on track
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17:23 EDTATKATK board continues to support merits of Orbital transaction
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17:18 EDTATKATK says CRS impact on Orbital earnings, cash flow minimal
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November 18, 2014
06:39 EDTATKATK to host business news update conference call
Conference call to discuss transaction with Orbital and on the Sporting Group business will be held on November 19 at 4:30 pm. Webcast Link
November 17, 2014
21:28 EDTATROAstronics management to meet with Sidoti
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18:01 EDTATKATK, Orbital continue to support plans for merger
Alliant Techsystems (ATK) and Orbital Sciences (ORB) announced that the two companies have set January 27, 2015 as the new date for their separate, special stockholder meetings in connection with the proposed transaction to spin off ATK's Sporting Group business and immediately thereafter, merge ATK's Aerospace and Defense Groups with Orbital. On October 28, both companies communicated they would hold separate, special stockholder meetings on December 9, for ATK stockholders to vote on the issuance of shares to stockholders of Orbital and for Orbital stockholders to vote on the proposed transaction. Following this announcement on October 28, a failure occurred during Orbital's Antares launch. Since the incident, the companies have conducted a thorough review and analysis of the launch failure and Orbital's proposed recovery plan and long-term competitive position. Following this review, ATK's board of directors continues to support the strategic merits of the transaction and recommends that ATK stockholders vote to approve the issuance of shares to Orbital stockholders. Orbital's board of directors also continues to recommend that Orbital stockholders vote to approve the proposed transaction. As a result of the Antares launch failure and the time required to complete the subsequent review process, the companies have postponed the special stockholder meetings until January 27, 2015, to be held at each company's respective corporate headquarters. ATK and Orbital stockholders of record as of the close of business on December 16 will be entitled to vote at their respective special stockholder meetings. The record date for the spinoff will be determined and publicly announced at a later date. The transaction is expected to close in February 2015, and is subject to customary closing conditions including regulatory approvals and the approval of both ATK's and Orbital's stockholders. Additional information concerning the special meetings and the transaction will be included in an amendment to the ATK registration statement on Form S-4, which will be filed with the Securities and Exchange Commission and, once declared effective, the joint proxy statement/prospectus will be mailed to ATK and Orbital stockholders who are entitled to vote at the respective special meetings.
08:49 EDTEGLEngility Holdings management to meet with FBR Capital
Meetings to be held in Dallas on November 17 and in Denver on November 18 hosted by FBR Capital.
07:27 EDTATKATK upgraded to Buy from Neutral at Monness Crespi
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November 13, 2014
10:01 EDTATKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ATK (ATK) downgraded to Hold from Buy at Argus... Adeptus Health (ADPT) downgraded to Hold from Buy at Deutsche Bank... American Woodmark (AMWD) downgraded to Neutral from Buy at Longbow... Avnet (AVT) downgraded to Sell from Neutral at Goldman... Baxano Surgical (BAXS) downgraded to Sell from Buy at Summer Street... Beazer Homes (BZH) downgraded to Neutral from Overweight at JPMorgan... Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley... Centene (CNC) downgraded to Market Perform from Outperform at FBR Capital... Cherry Hill Mortgage (CHMI) downgraded to Equal Weight from Overweight at Barclays... Discover (DFS) downgraded to Hold from Buy at Deutsche Bank... Fleetmatics (FLTX) downgraded to Neutral from Buy at BofA/Merrill... Gazprom (OGZPY) downgraded to Neutral from Overweight at JPMorgan... Jabil Circuit (JBL) downgraded to Neutral from Buy at Goldman... LabCorp (LH) downgraded to Hold from Buy at Deutsche Bank... Laredo Petroleum (LPI) downgraded at BMO Capital... Macy's (M) downgraded to Market Perform from Outperform at Wells Fargo... Madison Square Garden (MSG) downgraded to Equal Weight from Overweight at Morgan Stanley... Marvell (MRVL) downgraded to Sell from Neutral at Goldman... Meritor (MTOR) downgraded to Neutral from Overweight at Piper Jaffray... Swedbank (SWDBY) downgraded to Underperform from Sector Perform at RBC Capital... TransGlobe (TGA) downgraded to Sector Perform from Outperform at Scotia Capital... UIL Holdings (UIL) downgraded to Hold from Buy at Argus... Verint Systems (VRNT) downgraded to Fair Value from Buy at CRT Capital... ZAIS Financial (ZFC) downgraded to Equal Weight from Overweight at Barclays.
08:12 EDTATKATK downgraded to Hold from Buy at Argus
Argus downgraded ATK to Hold citing an uncertain outlook with the proposed Orbital Sciences merger under review after the Antares rocket exploded.

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