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Stock Market & Financial Investment News

News For NOC;FLIR;RTN;BA;COL;GD;BAESY;LMT;LMIA;LLL From The Last 14 Days
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December 11, 2014
16:42 EDTBAESYBAE Systems proposes to acquire Eclipse Electronic Systems for $28M in cash
BAE Systems (BAESY) announced that it has entered into an agreement with Esterline (ESL) for the proposed acquisition of its wholly-owned subsidiary, Eclipse Electronic Systems, Inc., for cash consideration of approximately $28M, subject to closing adjustments. Eclipse Electronic Systems business employs approximately 90 people. The proposed acquisition is conditional upon receiving certain regulatory approvals. It is anticipated the proposed acquisition will be completed during the 1Q15.
15:35 EDTNOCNorthrop Grumman renews service contract with Carisbrooke Shipping
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10:01 EDTGDGeneral Dynamics NASSCO, Braemar LNG BV announce licensing agreement
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07:24 EDTBABoeing management to meet with Deutsche Bank
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December 10, 2014
17:16 EDTBAESYBAE Systems awarded $115M government contract
BAE Systems is being awarded an $115M undefinitized contract action as a modification to a previously awarded contract for USS Bataan FY15 dry-docking planned maintenance availability. A dry-docking planned maintenance availability includes the planning and execution of depot-level maintenance, alterations, and modifications that will update and improve the ship's military and technical capabilities. Work will be performed in Norfolk, Virginia, and is expected to be completed by November 2015.
08:52 EDTBABoeing delivery of first 787 to American delayed again, Dallas News reports
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08:15 EDTBAWoodward signs supply agreement with Boeing
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08:01 EDTRTNRaytheon awarded $26M US Navy contract for Tomahawk launching system
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07:24 EDTFLIRImperial Capital to hold a conference
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06:47 EDTBABoeing says China planes deliveries to hit record in 2014, China Daily says
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06:27 EDTBACongress authorizes $1.46B for Boeing attack jets, Reuters says
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06:08 EDTBABoeing cutting over 560 employees in Southern California, LA Times reports
According to documents filed in California, Boeing is planning to lay off 253 people at its Long Beach facilities, 154 in Huntington Beach and 154 employees in El Segundo, the LA Times reports. The layoffs will occur this month and in early 2015. Reference Link
December 9, 2014
12:38 EDTBABoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business, the Journal quoted the company as stating. Reference Link
10:02 EDTGDGeneral Dynamics awarded $44M contract modification by U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $44.5M contract modification to perform non-nuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics. With this modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the submarine base. Under the terms of the contract, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are engaged in the work.This contract was first awarded in December 2012 and has a potential value of $222.3M over five years.
10:01 EDTNOC, LMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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07:45 EDTRTN, BAESYRaytheon, BAE asked to increase shipbuilding role in Australia, Reuters reports
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06:22 EDTLMIA, BABoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
16:36 EDTNOCNorthrop Grumman CFO Palmer to retire, Kenneth Bedingfield elected CFO
Northrop Grumman announced that its board has elected Kenneth L. Bedingfield, corporate vice president and CFO, effective after the company files its 2014 annual report. Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015. The company expects to file its annual report in February 2015, at which time Palmer will continue as a corporate vice president with the company until he retires in the summer of 2015. This will facilitate an orderly transition. Bedingfield joined Northrop Grumman in 2011.
05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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