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News For NOC;BA;BAESY;LLL;FLIR;COL;LMT;RTN;GD;LMIA From The Last 14 Days
Check below for free stories on NOC;BA;BAESY;LLL;FLIR;COL;LMT;RTN;GD;LMIA the last two weeks.
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April 24, 2014
17:40 EDTBABoeing awarded $103.8M government contract
Boeing was awarded a $103.8M firm-fixed-price contract for advance procurement funding for the purchase of long lead items as part of the AH-64E Apache Full Rate Production Lot 5 aircraft requirement. Estimated completion date is Dec. 31.
13:04 EDTBABoeing announces $32.5M contract for rescue radio logistics support
Under a new four-year contract from the U.S. Air Force, Boeing said it will provide maintenance, engineering, training and support for the system that enables the rescue of downed pilots and other warfighters in danger. The Combat Survivor Evader Locator program's first multi-year logistics contract is valued at $32.5M in total.
12:50 EDTRTNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following reports from some of the biggest names in technology and ahead of reports tonight from several other tech giants. The averages opened in positive territory, with the tech-heavy Nasdaq up more than 1% soon after the opening bell. The index was unable to hold its early gains and moved into negative territory, taking the other major averages with it. The indexes were able to keep their losses to a minimum and eventually regrouped and made it back onto positive ground, where they stood near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 24K from the prior week to 329K in the week ended April 19, which was above the 315K consensus forecast of analysts, though there may have been some impact from Easter as the Bureau of Labor Statistics noted difficulty adjusting the data around the holiday. Durable goods orders rose 2.6% in March, beating the 2.0% increase that was forecast. Outside the U.S., Russia said it launched military exercises along the Ukrainian border after Ukrainian forces killed pro-Russian militants. COMPANY NEWS: Shares of Apple (AAPL) advanced more than 8% after the company reported significantly better than expected quarterly earnings and sales, particularly sales of its iPhone. Apple also announced a 7-for-1 stock split that will take effect in June, along with an 8% increase in its quarterly dividend and a $30B increase in its share repurchase authorization. Following last night's report, CLSA upgraded its rating on Apple shares to Buy from Outperform and raised its price target for the stock to $695 from $610, while Jefferies recommended "aggressively" buying shares following the Q2 results and outlook for Q3... Another tech giant, Facebook (FB), also reported earning and revenue that topped expectations last night, sending its shares higher in after-hours trading and prompting a number of price target hikes among Street analysts. However, Facebook also announced that its CFO David Ebersman will step down, to be succeeded by David Wehner, who is currently the company's Vice President of Corporate Finance and Business Planning. The social network operator traded on both sides of the flat-line this morning, but was up a bit over 1% at midday... Shares of General Motors (GM) fell about 2% after the company reported profits that narrowly edged out expectations but revenues that fell short of expectations. GM said its core operating performance has been on plan for the year CEO Mary Barra said the company has seen "no meaningful slowdown" in its U.S. sales despite the negative publicity related to its ongoing ignition switch recall and associated legal matters. MAJOR MOVERS: Among the notable gainers was orthopedic device maker Zimmer Holdings (ZMH), which climbed 11% after it agreed to merge with privately held Biomet in a cash and stock transaction valued at about $13.35B, including the assumption of net debt. Also higher following their earnings reports were Citrix Systems (CTXS), which rose 10%, D.R. Horton (DHI), which gained more than 7%, and Aetna (AET), which advanced 6%. Among the noteworthy losers was chip making giant Qualcomm (QCOM), which slid 3.5% despite reporting profits that beat expectations and raising its yearly EPS outlook, as the company also disclosed the receipt of a notice from the SEC about a potential filing of an enforcement action against the company related to anti-bribery violations. Also lower following their earnings reports were Xilinx (XLNX), which fell about 9%, Raytheon (RTN), which dropped 4%, and Hershey (HSY), which also declined about 4%. INDEXES: Near midday, the Dow was up 19.49, or 0.12%, to 16,521.14, the Nasdaq was up 25.91, or 0.63%, to 4,152.87, and the S&P 500 was up 5.35, or 0.29%, to 1,880.74.
10:01 EDTLMTLockheed Martin awarded $25M contract from U.S. Army
The U.S. Army has awarded Lockheed Martin a $25M contract to design, build and test a 60-kilowatt electric laser to be integrated and tested in a truck-mounted weapon system demonstrator. The laser weapon is designed to significantly improve the warfighters' ability to counter rockets, artillery, mortars and unmanned aerial threats. Under a contract managed by the U.S. Army Space and Missile Defense Command's Technical Center, the Lockheed Martin-provided laser will be integrated on the High Energy Laser Mobile Demonstrator. This ruggedized laser builds on the corporation's work under the current Robust Electric Laser Initiative contract for the Army.
08:24 EDTNOCNorthrop Grumman awarded $10.6M contract by U.S. Navy
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07:51 EDTLMTLockheed says overseas F-35 orders offset Pentagon cuts, WSJ reports
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07:20 EDTRTNRaytheon reports Q1 Integrated Defense Systems sales $1.48B
Reports Q1 Intelligence, Information and Services sales $1.45B; Reports Q1 Missile Systems sales $1.57B; Reports Q1 Space and Airborne Systems sales $1.40B
07:03 EDTRTNRaytheon backs FY14 EPS cont ops $6.74-$6.89, consensus $6.94
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07:02 EDTRTNRaytheon reports Q1 bookings of $4.3B; Q1-end backlog $32.2B
Reports Q1 funded backlog of $22.7B
07:02 EDTRTNRaytheon reports Q1 EPS cont ops $1.87, consensus $1.77
Reports Q1 adjusted EPS $1.43; Reports Q1 revenue $5.5B, consensus $5.5B
06:08 EDTBABoeing implied volatility of 42 at lower end of index mean range
April 23, 2014
15:35 EDTRTNNotable companies reporting before tomorrow's open
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12:51 EDTBAOn The Fly: Midday Wrap
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10:53 EDTBABoeing says deferred production cost on 787 Dreamliner $23.1B in Q1
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10:40 EDTBABoeing expects book-to-build ratio above 1 for 2014
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09:38 EDTGDGeneral Dynamics sees FY effective tax rate 30.5%-31%
Says expect cash contributions to its pension plans in 2014 to be around $550M, with the bulk in 2H, specifically in Q3. Says the current activities in the Ukraine and Russia have not affected its operations. Sees FY14 aerospace in the 17% margin range. Says strong backlog is "harbinger" of strong sales performance. Says well positioned on defense side.
09:16 EDTBAOn The Fly: Pre-market Movers
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09:10 EDTGDGeneral Dynamics raises FY EPS $7.05-$7.10 from $6.80-$6.85
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07:37 EDTBABoeing continues to see FY14 commercial deliveries 715-725
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07:36 EDTRTNRaytheon to supply missiles for U.S. government foreign military sale
An international customer signed an agreement with the U.S. Government for a foreign military sale of tube-launched, optically tracked, wireless-guided missiles to be supplied by Raytheon in a deal valued at approximately $750M. Raytheon plans to deliver nearly 14K TOW missiles to the customer over a three-year period beginning in 2015. A resulting order is expected to be executed by the U.S. government with Raytheon in the coming weeks.
07:35 EDTBABoeing reports backlog of $440B, Q1 net orders $19B
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07:33 EDTBABoeing raises FY14 core EPS view to $7.15-$7.35, consensus $7.38
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07:31 EDTBABoeing reports Q1 core EPS $1.76, consensus $1.56
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07:22 EDTGDGeneral Dynamics reports Q1 operating margins of 11.9%
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07:11 EDTNOCNorthrop Grumman reports Q1 Aerospace Systems sales $2.42B
Reports Q1 Electronic Systems sales $1.64b; Reports Q1 Info Systems sales $1.58B
07:11 EDTNOCNorthrop Grumman raises FY14 EPS to $8.90-$9.15 from $8.70-$9.00
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07:09 EDTNOCNorthrop Grumman reports Q1-end backlog was $36.2B
decline in backlog was primarily due to the timing of awards in Aerospace Systems. First quarter 2014 new awards totaled $4.9B.
07:03 EDTLMTLockheed Martin weakness creates buying opportunity, says Bernstein
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07:03 EDTNOCNorthrop Grumman reports Q1 adjusted EPS $2.31, consensus $2.15
Reports Q1 revenue $5.85B, consensus $5.84B
07:03 EDTGDGeneral Dynamics reports Q1 EPs $1.71, consensus $1.64
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06:52 EDTBAESYBloomberg to hold a conference
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06:12 EDTLMTAustralia buying 58 F-35s from Lockheed Martin, WSJ reports
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April 22, 2014
16:17 EDTBABoeing announces Shandong Airlines commits to order 50 737s
Boeing announced that Shandong Airlines committed to order 50 Boeing 737s, including 16 Next-Generation 737s and 34 737 MAXs.
15:32 EDTNOC, GD, BANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Procter & Gamble (PG), consensus $1.02; Boeing (BA), consensus $1.56; Biogen Idec (BIIB), consensus $2.56; Dow Chemical (DOW), consensus 71c; EMC Corporation (EMC), consensus 35c; Thermo Fisher (TMO), consensus $1.40; Praxair (PX), consensus $1.51; General Dynamics (GD), consensus $1.64; Johnson Controls (JCI), consensus 65c; Norfolk Southern (NSC), consensus $1.15; Reynolds American (RAI), consensus 74c; Delta Air Lines (DAL), consensus 29c; Northrop Grumman (NOC), consensus $2.15; Air Products & Chemicals (APD), consensus $1.35; TD Ameritrade (AMTD), consensus 34c; Ingersoll-Rand (IR), consensus 26c; Dr Pepper Snapple (DPS), consensus 59c; Polaris Industries (PII), consensus $1.16; Ryder System (R), consensus 87c.
13:54 EDTLMTLockheed Martin falls after results, levels to watch
Shares are down 1.9% to $158.36 at time of writing following earnings earlier this morning. The stock was already in a shallow downtrend ahead of results. Next support is at the 10-day moving average, last at $157.69. A breakdown below the 10-day would be bearish for price. Support below the 10-day is at $155.39. Resistance is at $160.48, the 30-day moving average.
13:07 EDTBAEarnings Preview: Boeing sentiment positive ahead of Q1 earnings report
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11:38 EDTLMTLockheed Martin feels "pretty confident" in international F35 program
Cites advances in next few years for South Korea, Israel, Australia, Singapore, and Canada.
11:19 EDTLMTLockheed Martin sees FY14 budget expansion of aircraft orders of 20%
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10:02 EDTGDGeneral Dynamics awarded $32.7M contract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics American Overseas Marine, or AMSEA, a $32.7M contract modification to operate and maintain seven large, medium-speed, roll-on / roll-off ships, or LMSR, for the Military Sealift Command. AMSEA is a wholly owned subsidiary of General Dynamics. Under the terms of the modification, AMSEA will provide services including crewing, engineering, maintenance, procurement and provisioning. Initially awarded in 2010, the contract has a potential value of $238M over seven years.
08:04 EDTLMTLockheed Martin reports Q1 EPS $2.87, consensus $2.53
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07:28 EDTLMTLockheed Martin raises FY14 EPS to $10.50-$10.80 from $10.25-$10.55
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07:09 EDTBABoeing April weekly volatility elevated at 42 into Q1
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April 21, 2014
15:16 EDTLMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 64c; United Technologies (UTX), consensus $1.27; McDonald's (MCD), consensus $1.24; Simon Property Group (SPG), consensus $2.24; Lockheed Martin (LMT), consensus $2.53; Bank of New York Mellon (BK), consensus 53c; Illinois Tool Works (ITW), consensus 98c; Travelers (TRV), consensus $2.16; Omnicom Group (OMC), consensus 79c; Pentair (PNR), consensus 73c; Harley-Davidson (HOG), consensus $1.08; Regions Financial (RF), consensus 20c; Genuine Parts Company (GPC), consensus $1.02; Xerox (XRX), consensus 24c; Carlisle (CSL), consensus 53c.
11:24 EDTBABoeing inks 50 jet deal with Shandong, Xinhua reports
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April 19, 2014
20:20 EDTRTNRaytheon could have 20%-30% upside, Barron's says
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April 17, 2014
11:19 EDTBABoeing reports 5 new orders since last update, cuts 737 net orders by 5
Boeing reported 5 new orders for 737s from an unidentified customer or customers in an update on its orders through April 15 posted to its corporate website. In the changes category, Boeing reduced 737 net orders by 5.
08:34 EDTLMT, NOCFCC to hold a workshop
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07:32 EDTCOLRockwell Collins updates FY14 EPS view to $4.40-$4.55 from $4.35-$4.55
Consensus is $4.45. Guidance has been updated due to lower than previously estimated intangible asset amortization expense for ARINC. Still sees FY14 total sales $4.95B-$5.05B, consensus $5.02B, CapEx about $160M, income tax rate about 30%.
07:31 EDTCOLRockwell Collins reports Q2 EPS $1.08, consensus $1.07
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06:21 EDTLMTLockheed Martin's F-35 to debut at overseas airshow this summer, WSJ reports
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April 15, 2014
13:56 EDTLMTPentagon to cut 17 F-35 Lockheed fighters it planned to buy, Bloomberg says
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10:25 EDTBASpirit AeroSystems new pact with Boeing removes a risk, says Wells Fargo
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10:02 EDTLMTLockheed awarded $10M contract from U.S. Naval Sea Systems Command
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07:51 EDTBAESY, GDGeneral Dynamics chooses to skip GAO protest over Army car plan, Reuters says
General Dynamics (GD) said it would not ask the congressional Government Accountability Office to rule on a U.S. Army vehicle competition that it says is skewed to favor its rival, Britain's BAE Systems (BAESY), according to Reuters, citing a statement from a General Dynamics spokesman. The spokesman said, "We will continue to discuss the AMPV program with the U.S. Department of Defense and the Congress. We do not believe a GAO protest is the right forum for this issue and we will not file one." Reference Link
07:33 EDTFLIRFLIR Systems receives full-rate production decision for CBRNE system
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06:29 EDTBAFuji Heavy Industries o open factory plant for next-gen Boeing jets, Nikkei says
Fuji Heavy Industries (FUJHY) plans to open a new factory next year to produce parts for Boeing's (BA) next-generation 666X passenger jets, reports Nikkei. Fuji Heavy Industries is expected to spend $97.6M for the new plant and will likely build enough parts to equip 100 of the new aircraft next year. Reference Link
April 14, 2014
16:49 EDTBASpirit AeroSystems, Boeing amend supply agreement
Spirit AeroSystems (SPR) disclosed in a regulatory filing that on April the company entered an agreement with Boeing (BA) amending Spirit’s long-term supply agreement with Boeing covering products for Boeing’s B737, B747, B767 and B777 commercial aircraft programs. The amended agreement establishes pricing terms for recurring products for the period commencing on April 1 and ending on December 31, 2015. Prices will continue to be adjusted each year based on a quantity-based price adjustment formula described in the agreement, whereby average per-unit prices are higher at lower volumes. Prices continue to be subject to other adjustments provided for under the agreement. The new pricing terms will not be applied to the period prior to April 1. Spirit does not expect the amended agreement to have a material impact on previously announced EPS guidance.
10:03 EDTGDGeneral Dynamics Canada to provide sonar system upgrades to Portuguese Navy
General Dynamics Canada is installing an adjunct processing system on three VASCO DA GAMA-class frigates of the Portuguese Navy. Designed by General Dynamics Canada, the ECLIPSE adjunct processor provides the in-service AN/SQS-510 sonar systems with enhanced operational capability to detect submarines and torpedoes.
07:06 EDTLLL, BA, LMTU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 11, 2014
17:23 EDTNOCNorthrop Grumman awarded $234.1M government contract modification
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08:22 EDTBAAerCap completes 29 aircraft transactions in Q1
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08:00 EDTRTNRaytheon awarded international contract for Paveway IV for $200M
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April 10, 2014
10:03 EDTGDGeneral Dynamics awarded $23M by Space and Naval Warfare Systems Command
General Dynamics Information Technology has been awarded the Joint Effects Model Increment 2 contract by the Space and Naval Warfare Systems Command. The cost plus fixed-fee award has a potential value of $23.5M over five years if all options are exercised. Under this contract, General Dynamics will develop software that will serve as the foundation for the JEM Increment 2 System as well as the software architecture for the JEM science and technology prototype.
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