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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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April 20, 2015
15:37 EDTLMTNotable companies reporting before tomorrow's open
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12:35 EDTRTNCybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
10:01 EDTNOCNorthrop Grumman, Caltech establish space solar power initiative
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09:19 EDTRTNRaytheon likely to trade down on joint venture news, says Wells Fargo
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08:32 EDTBAESYBofA/Merrill European strategists hold an analyst/industry conference call
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07:05 EDTRTNRaytheon and Vista Equity agree to form cybersecurity company
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05:59 EDTRTNRaytheon expected to acquire control of Websense, form new venture, WSJ reports
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April 19, 2015
17:01 EDTRTNRaytheon to acquire Vista's Websense for $1.9B, Bloomberg says
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April 17, 2015
11:50 EDTBABoeing says IAM withdraws petition to unionize in South Carolina
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08:36 EDTBAGE CEO says U.S. economy getting 'a little better every day'
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08:32 EDTRTNRaytheon awarded more than $2B for Patriot Air and Missile Defense System
Raytheon announced it has been awarded a contract worth over $2B to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer. The contract, awarded on April 2, 2015 and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the latest technology for improved threat detection, identification and engagement. The contract also includes a full training package and support equipment.
April 16, 2015
11:07 EDTBABoeing reports one new order in weekly update
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10:00 EDTBAESYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy at Goldman... Anglo American (AAUKY) downgraded to Sell from Neutral at Goldman... BAE Systems (BAESY) downgraded to Neutral from Buy at UBS... BHP Billiton (BHP) downgraded to Neutral from Conviction Buy at Goldman... Black Diamond (BDE) downgraded on valuation at Stifel... Boston Private Financial (BPFH) downgraded to Hold from Buy at Sandler O'Neill... Columbus McKinnon (CMCO) downgraded to Neutral from Buy at CL King... CoreSite Realty (COR) downgraded to Hold from Buy at Evercore ISI... Meggitt (MEGGF) downgraded to Sell from Neutral at UBS... Methanex (MEOH) downgraded to Sector Perform from Outperform at Scotia Capital... Nokia (NOK) downgraded to Neutral from Buy at Citigroup... SanDisk (SNDK) downgraded to Sell from Neutral at BTIG... Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at RBC Capital... Turquoise Hill (TRQ) downgraded to Hold from Speculative Buy at TD Securities... Washington Federal (WAFD) downgraded to Neutral from Buy at DA Davidson.
08:49 EDTBAFly Leasing acquires Boeing 737-800 aircraft
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08:02 EDTNOCNorthrop Grumman signs lease agreement as anchor in North Dakota technology park
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05:38 EDTBAESYBAE Systems downgraded to Neutral from Buy at UBS
UBS downgraded BAE Systems to Neutral citing a lack of upside potential following recent share gains. The firm also believes the U.S. defense budget could grow less than expected.
April 15, 2015
17:22 EDTNOCNorthrop Grumman awarded $105.29M government contract modification
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17:19 EDTBABoeing awarded $321.8M government contract
Boeing was awarded a $321.8M cost-plus-incentive-fee undefinitized contract to complete development of the base line Apache attack helicopter, and for the integration of modifications. Work will be performed in Mesa, Arizona, with an estimated completion date of March 31, 2018. Bids were solicited with one received. FY15 research, development, testing, and evaluation funds in the amount of $51.46M were obligated at the time of the award.
08:13 EDTRTNRaytheon's Joint Standoff Weapon variant enters operational testing
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07:54 EDTCOLUBS to hold a field trip
Field Trip where meetings with private and public aerospace aftermarket companies and aviation investors will be held during the MRO Americas 2015 Conference being held in Miami Beach on April 15.
April 14, 2015
19:48 EDTBABoeing union may cancel vote to unionize South Carolina workers, WSJ says
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14:42 EDTBAESYBAE Systems management to meet with Jefferies
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14:02 EDTRTNRaytheon to test new multi-mode seeker for Tomahawk cruise missile
Using company-funded independent research and development investment, Raytheon is preparing for a multi-mode seeker test designed for a Tomahawk Block IV cruise missile. The captive flight test, using a modified Tomahawk Block IV missile nose cone, will be designed to demonstrate the processor's ability to broadcast active radar as well as passively receive target electromagnetic radiation, which was demonstrated in February 2014. This is a critical step in enabling the missile to strike moving targets on land and at sea. During the test, planned for the second quarter, the nosecone of a Tomahawk Block IV missile will be equipped with active and passive radio frequency antennas integrated with Raytheon's new modular, multi-mode processor and fitted to a T-39 aircraft. Flying at high subsonic speed and at varying altitudes, the aircraft will simulate a Tomahawk flight regime. The multi-mode seeker and multi-function processor will operate the active radar against fixed and mobile targets on land and at sea, in a complex, high density electromagnetic environments.
10:31 EDTBAESYBAE Systems selected by U.S. Navy for submarine weapons engineering
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09:08 EDTBASouthwest selects seat for future Boeing aircraft
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09:06 EDTNOCNorthrop Grumman expands cyber work with University of Maryland
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08:01 EDTRTNRaytheon and US Air Force completes operational tests of MALD-J
Raytheon and the U.S. Air Force successfully completed operational tests of Miniature Air Launched Decoy-Jammer, satisfying all requirements to attain Initial Operational Capability.
07:10 EDTCOL, BA, LMTAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:15 EDTLMT, BABoeing, Lockheed Martin JV unveils Vulcan rocket with reusable engine
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05:18 EDTNOCNorthrop Grumman opens new cyber center in UK
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April 13, 2015
10:01 EDTBAESYBAE Systems receives $53M U.S. Navy contract
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07:19 EDTLMTbloomberg to hold a summit
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April 10, 2015
10:01 EDTNOCNorthrop Grumman signs DOD mentor-protege agreement
Northrop Grumman has signed a new U.S. Department of Defense mentor-protege agreement with the Missile Defense Agency mentor-protege program office in Huntsville. The DOD mentor-protege program encourages prime contractors to help small businesses increase their participation in federal subcontracts and establish long-term relationships with prime contractors. Under the 36-month agreement, Northrop Grumman will assist QTEC to enhance QTEC's engineering and technology capabilities, business infrastructure and business development. Key focus areas include information assurance and DOD certifications, cybersecurity operations, emerging security technologies and systems engineering.
09:02 EDTBACopa Airlines and Boeing announce airplane order
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07:09 EDTBABoeing acquires motion imagery processing software maker 2d3 Sensing
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06:22 EDTRTN, BAESY, BA, GD, LMT, NOCDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
18:02 EDTBABoeing awarded $173.5M government contract
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18:00 EDTLMTLockheed Martin awarded $150.6M government contract
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10:03 EDTRTNRaytheon, Kongsberg team on Naval Strike Missile
Raytheon Company and Kongsberg have formed a teaming agreement for the Naval Strike Missile. The pact represents a second step in the companies' efforts to offer world-class Offensive Anti-Surface Warfare solutions to the many governments interested in this warfare mission. Raytheon and Kongsberg formed a similar agreement last year to develop the Joint Strike Missile, the air-launched version of the NSM.
08:04 EDTFLIRFLIR Systems receives production order totaling $51.1M from DoD
FLIR Systems announced that it has received the second full-rate production order under a five-year indefinite delivery, indefinite quantity contract from the U.S. Department of Defense to support the Nuclear, Biological, and Chemical Dismounted Reconnaissance Sets, Kits, and Outfits program. The contract is for FLIR's integrated chemical, biological, radiological, nuclear, and explosives threat response system and related spares and services. The follow-on order is for systems totaling $51.1M.
08:04 EDTRTNRaytheon completes validation milestones in two U.S. Air Force programs
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April 8, 2015
11:28 EDTFLIRFLIR Systems announces resolution with SEC
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11:16 EDTFLIRSEC charges FLIR Systems with FCPA violations
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11:13 EDTFLIRSEC charges FLIR Systems with FCPA violations
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10:39 EDTLMTCAE awarded C$200M in defence and security contracts
CAE (CAE) announced that is has won approximately C$220M worth of Defence and Security contracts during its fourth quarter to provide simulation products and upgrades as well as training services for global military customers. Some of the key contracts include providing a C-130J simulator to the United States Air Force; a range of C-130J training systems and upgrades for the Royal Australian Air Force; simulator upgrades and training services for the Royal Air Force; M-346 simulators for the Italian Air Force; in-service support for the British Army's Warrior infantry fighting vehicle training systems; and support services for the NATO Joint Lynx helicopter simulator. Under subcontract from Lockheed Martin (LMT), CAE will design and manufacture a C-130J weapon systems trainer for the United States Air Force Air Mobility Command. CAE has been awarded a series of contracts from Australia's Defence Material Organisation and Lockheed Martin to upgrade and enhance elements of the C-130J training system at RAAF Base Richmond. The United Kingdom Ministry of Defence has awarded CAE several upgrade and modification contract amendments for simulator training services at CAE's Medium Support Helicopter Aircrew Training Facility. The United Kingdom Ministry of Defence has awarded CAE a four-year contract to provide logistics support and maintenance services on the British Army's suite of Warrior infantry fighting vehicle direct and indirect fire trainers. The NATO Support Agency has contracted CAE to provide maintenance and support services on the CAE-built Lynx full-mission flight trainer based at Naval Air Station Nordholz in Germany.
09:03 EDTLMTLockheed Martin Canada awarded implementation contract by Irving Shipbuilding
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08:01 EDTLMTSplunk awarded contract to support Lockheed Martin's L-35 Lightning II Program
Splunk (SPLK) announced it was awarded a contract to support Lockheed Martinís (LMT) F-35 Lightning II Program. Splunk has provided Lockheed Martin with Splunk Enterprise to monitor and analyze IT systems and network behavior for the Autonomic Logistics Information System, which supports the F-35 Lightning II, a 5th generation fighter jet. Splunk Enterprise is initially being used by Lockheed Martin in 25 different operating environments for IT operations and application delivery, analyzing machine data from the systems and networks supporting the ALIS infrastructure to help ensure applications are operating at peak performance.
April 7, 2015
17:37 EDTCOLRockwell Collins awarded $495M government contract
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14:56 EDTBADelta flight with emergency issue lands safely, AirLive.net reports
LaGuardia Delta (DAL) GJS6248 just landed safely, according to AirLive.net, citing Twitter user @News_Executive. Reference Link
14:53 EDTBADelta flight into New York reporting emergency, Breaking911 says
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10:20 EDTBABoeing Q1 deliveries top rival Airbus, Reuters reports
Boeing (BA) last week reported 184 first quarter deliveries, up from 161 a year ago in the same period, while rival Airbus (EADSY) reported that its Q1 deliveries slipped to 134 planes from 141 in the same period of last year, reported Reuters. Airbus also trailed Boeing with net orders for 101 aircraft in Q1, compared to 110 for Boeing, Reuters added. Reference Link
08:32 EDTLMTOrbital ATK signs $90M attitude control motor contract with Lockheed Martin
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April 6, 2015
17:27 EDTNOCNorthrop Grumman awarded $146.69M government contract
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10:01 EDTLMTLockheed Martin awarded $23M extension from NASA
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