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Stock Market & Financial Investment News

News For LLL;LMIA;LMT;BAESY;GD;COL;BA;RTN;FLIR;NOC From The Last 14 Days
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August 28, 2015
11:32 EDTBAFederal government to team with tech companies for tech hub, Venture Beat says
The Obama administration will make an announcement later today that will establish a flexible hybrid electronics hub in Silicon Valley, reports Venture Beat. The administration will partner with 162 companies that include Apple (AAPL), Hewlett-Packard (HPQ), Boeing (BA), General Motors (GM) and others. Both the Department of Defense and this private consortium will look to enhance the U.S.'s standing in "next-generation bendable and wearable electronic devices." Reference Link
09:12 EDTBABoeing Airbus weakness creates buying opportunities, says Citi
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August 27, 2015
17:33 EDTBABoeing awarded $1.49B government contract modification
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15:01 EDTNOCNorthrop Grumman awarded position on TSA III contract
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11:48 EDTBAESYBAE Systems management to meet with Jefferies
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09:01 EDTBABoeing completes 777X firm configuration
Boeing announced the completion of the firm configuration milestone for the 777-9, the first member of the 777X family to be developed. The Boeing 777X team reached this significant design milestone after working closely with airline customers and key suppliers to optimize the configuration of the new airplane. The 777X family includes the 777-8 and the 777-9 - both designed to respond to market needs and customer preferences. The 777-8 and 777-9 provide significant range, payload and fuel burn advantages compared to the A350. The 777X program has received orders and commitments for 320 airplanes from six customers worldwide. Production is set to begin in 2017.
08:01 EDTRTNRaytheon and US Navy collaborate to optimize minchunting sonar
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August 26, 2015
19:54 EDTBABoeing to enter JV with Saudia Aerospace Engineering, Alsalam Aircraft
Boeing has signed an agreement with Saudia Aerospace Engineering Industries, or SAEI, and Alsalam Aircraft to create the Saudi Rotorcraft Support Center in the Kingdom of Saudi Arabia. The joint venture will have locations in Riyadh and Jeddah providing comprehensive, in-country maintenance repair and overhaul support for Saudi Arabia's diverse rotorcraft fleet. Through in-country cooperation, the companies are focused on expanding the Saudi workforce through creation of self-sustaining jobs, technical skills development for local workers and further involvement of the Saudi aerospace supply base. The joint venture will support the Kingdom's commercial and defense rotorcraft platforms, including the Boeing-built AH-64 Apache, CH-47 Chinook and AH-6i. Terms of the transaction were not disclosed. Formation of the joint venture is expected to occur in late 2015 or early 2016.
17:36 EDTBABoeing announces preliminary settlement in 401(k) plan lawsuit, WSJ says
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17:03 EDTNOCNorthrop Grumman awards second Australian supplier contract
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16:26 EDTLMT, BAESYOn The Fly: Top stock stories for Wednesday
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11:08 EDTBAESY, LMTOshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
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10:08 EDTBABoeing initiated with a Buy at Standpoint Research
09:17 EDTRTNRaytheon named prime contractor for training services to U.S. Air Force
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06:34 EDTBABoeing to challenge suit alleging retirement plan mishandling, WSJ reports
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06:13 EDTLMT, BAESYBAE Systems loses multibillion dollar bid to build new Humvee, U.K. Times says
BAE Systems (BAESY) has lost out on a bid to build new Humvees for the U.S. Army, The U.K. Times. The Army selected Oshkosh (OSK) for the $6.7B contract over BAE, which was part of a consortium led by Lockheed Martin (LMT), and AM General, which built the original Humvees. Reference Link
August 25, 2015
08:45 EDTBAGoldman continues to believe Boeing shares should be sold
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05:25 EDTBABoeing sees demand in China for 6,330 airplanes valued at almost $950B
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August 24, 2015
18:10 EDTBABoeing considers 'several hundred' layoffs in satellite division, Reuters says
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09:02 EDTLLLSparton, L-3 reach settlement agreement; Sparton to pay L-3 $2.5M
Sparton Corporation (SPA) has signed a settlement agreement to pay L-3 Communications (LLL) $2.5M. On September 24, 2013, L-3 Communications Corporation, doing business as L-3 Linkabit, filed a complaint in the United States District Court for the Middle District of Florida, Orlando Division, against Sparton Corporation and Sparton Electronics. On August 20, 2015, Sparton and L-3 signed a mutual accord resolving the dispute. The agreement requires payment from Sparton to L-3 on or before October 1, 2015 in consideration for dismissal of the litigation. Neither party admitted to any mistakes, damage or fault. "This settlement has resulted in a positive business outcome between our two companies," stated Cary Wood, President & CEO of Sparton. "Our on-going relationship with L-3 remains solid and we expect to continue to be partners well into the future. The new business development funnel continues to be strong overall and includes a number of key L-3 programs currently in the quote phase. With fiscal 2015's adjusted earnings per share to be announced on September 8, 2015 in-line with analyst consensus, it allows us to enter fiscal 2016 with a clean slate by having this dispute and the Fenwal rebalancing activities well behind us, setting us up for what we expect to be a successful fiscal 2016 on all fronts."
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