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Stock Market & Financial Investment News

News Breaks
January 5, 2012
06:50 EDTLMIA, COL, GD, RTN, LLL, BA, NOC, BAESY, FLIR, LMT
theflyonthewall.com: Panetta to propose cuts in advanced weapons, NY Times reports
Defense Secretary Leon Panetta is expected to seek cuts n a number of advanced weapons, including a delay in the development of Lockheed Martin's (LMT) F-35 Joint Strike Fighter, according to The New York Times. Meanwhile, administration officials are expected later today to propose further reductions in the size of the Army, and announce that they'll guide the Pentagon towards focusing more intently on threats from China while not ignoring Iran, the newspaper added. Reference Link :theflyonthewall.com



News For LMIA;FLIR;BAESY;NOC;BA;LLL;RTN;GD;COL;LMT From The Last 14 Days
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May 25, 2012
12:38 EDTBA, LMT
theflyonthewall.com: South Korea to award $6.7B fighter deal in October, Agence France Presse.says

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May 24, 2012
10:29 EDTRTN, GD
theflyonthewall.com: On The Fly: Analyst Downgrade Summary

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10:29 EDTNOC
theflyonthewall.com: On The Fly: Analyst Upgrade Summary

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08:41 EDTLLL
theflyonthewall.com: L-3 Communications upgraded to Neutral from Sell at Goldman
Goldman upgraded L-3 Communications based on strong free cash flow yield, backlog, and the June Engility spin-off. Price target raised to $74 from $71. :theflyonthewall.com
08:41 EDTNOC
theflyonthewall.com: Northrop Grumman upgraded to Neutral from Sell at Goldman

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08:40 EDTGD
theflyonthewall.com: General Dynamics downgraded to Sell from Neutral at Goldman

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08:40 EDTRTN
theflyonthewall.com: Raytheon downgraded to Sell from Neutral at Goldman
Goldman downgraded Raytheon relative organic growth and relatively low free-cash-flow. Price target lowered to $45 from $52. :theflyonthewall.com
07:22 EDTFLIR, LMT, LMIA, LLL, BAESY, BA, RTN, COL, NOC, GD
theflyonthewall.com: Senator Reid holding ground on defense cuts, Politico says

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07:20 EDTBA
theflyonthewall.com: Boeing says Dreamliner on track for mid-year delivery to Air India

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06:08 EDTBA
theflyonthewall.com: Delta Flight 2267 diverted due to engine trouble, AJC reports
Delta (DAL) Flight 2267, a Boeing (BA) 757, was diverted to Phoenix yesterday afternoon due to a right engine shutdown, the Atlanta Journal-Constitution reports. Reference Link :theflyonthewall.com

May 23, 2012
12:08 EDTBA
theflyonthewall.com: Official: Chinese companies to buy 2,500 planes by 2015, Xinhua says

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10:01 EDTLMT
theflyonthewall.com: Lockheed Martin wins role on U.S. Air Force Medical Service contract

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07:10 EDTBAESY
theflyonthewall.com: BAE Systems to sell Hawk training jets to Saudi Arabia, Telegraph reports

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May 22, 2012
13:37 EDTLMT
theflyonthewall.com: Lockheed Martin reaches new contract with UAW union
The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America ratified a new master labor agreement with Lockheed Martin covering approximately 650 workers at three sites. The new five-year agreement, ratified over the weekend, becomes effective immediately. The company and union negotiated a new agreement that provides competitive wages over the next five years through a combination of a $2,000 ratification bonus, three general wage increases, two lump sum payments and cost of living adjustments, while enhancing member job security. :theflyonthewall.com
12:20 EDTBA
theflyonthewall.com: Southwest, Delta, and Boeing reach tentative agreement to sublease 717 fleet

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10:01 EDTGD
theflyonthewall.com: General Dynamics unit awarded $6.8M Navy contract modification

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08:29 EDTBA
theflyonthewall.com: Boeing unlikely to be badly hurt by excess capacity, says Sterne Agee

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07:31 EDTFLIR
theflyonthewall.com: Flir Systems awarded U.S. Army contract valued at up to $38M
FLIR Systems announced that it has been awarded an indefinite delivery, indefinite quantity contract from the U.S. Army to support the MEDEVAC program. The contract is valued at $38M and is for spare components for Star SAFIRE II stabilized multi-sensor systems that are installed on the Army's fielded MEDEVAC Blackhawk helicopters. An initial delivery order of $1.7M was received. Work under this contract is expected to be performed out of FLIR's facility in Wilsonville, OR, with deliveries expected to be completed within five years. :theflyonthewall.com

May 21, 2012
10:34 EDTBA
theflyonthewall.com: On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alpha Natural (ANR) upgraded to Buy from Hold at Brean Murray... American Eagle (AEO) upgraded to Buy from Hold at Brean Murray... Group 1 Automotive (GPI) upgraded to Buy from Neutral at Sterne Agee... LPL Investment (LPLA) upgraded to Neutral from Negative at Susquehanna... Mid-Con Energy (MCEP) upgraded to Outperform from Market Perform at Raymond James... Safeway (SWY) upgraded to Buy from Neutral at Citigroup... United Bankshares (UBSI) upgraded to Buy from Neutral at Janney Capital... Waters (WAT) upgraded to Buy from Neutral at Mizuho... Boeing (BA) upgraded to Buy from Hold at Argus. :theflyonthewall.com
07:35 EDTNOC
theflyonthewall.com: Small Business Administration to host a conference
National Small Business Week 2012 is being held in Washington, D.C. on May 20-22. :theflyonthewall.com
07:34 EDTBA
theflyonthewall.com: Boeing upgraded to Buy from Hold at Argus

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07:34 EDTFLIR
theflyonthewall.com: Flir Systems announces $17.9M order from U.S. Navy Expeditionary Combat Command

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07:17 EDTLLL
theflyonthewall.com: U.S. plan could hurt contractors, Washington Post says
American companies could be hurt by a plan by the U.S. Agency of International Development to award many more deals to foreign firms, according to The Washington Post. L-3 (LLL) and Tetra Tech (TTEK) are among the companies that received contracts from the agency last year the newspaper said. Reference Link :theflyonthewall.com
05:22 EDTNOC
theflyonthewall.com: Northrop Grumman to head team delivering new ISR capability to Alliance Forces

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May 20, 2012
09:48 EDTLMT
theflyonthewall.com: Lockheed Martin Aeronautics reaches new contracts with two unions
Members of the International Brotherhood of Electrical Workers, IBEW, and the Office and Professional Employees International Union, OPEIU, have ratified new labor agreements with Lockheed Martin [NYSE: LMT] Aeronautics in Fort Worth. The new agreements become effective Monday, May 21 and will extend for four and five years, respectively. :theflyonthewall.com
09:45 EDTLMT
theflyonthewall.com: Lockheed Martin flight services employees agree to new contract

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May 18, 2012
12:35 EDTLMT
theflyonthewall.com: House votes to sell planes to Taiwan, Defense News says
The House of Representatives voted yesterday to force the Obama administration to authorize the sale of 66 of Lockheed Martin's (LMT) F-16C/D planes to Taiwan, according to Defense News. Reference Link :theflyonthewall.com
08:32 EDTRTN
theflyonthewall.com: Raytheon awarded $57.8M contract by U.S. Navy
The U.S. Navy awarded Raytheon a contract totaling $57.8M to overhaul and upgrade nine Phalanx Close-In Weapon Systems, and manufacture two SeaRAM anti-ship missile defense systems. The agreement also includes the purchase of 20 radar upgrade kits. :theflyonthewall.com

May 17, 2012
08:48 EDTNOC
theflyonthewall.com: CPI Aerostructures awarded $1M contract by Northrop Grumman

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08:11 EDTNOC
theflyonthewall.com: Northrop Grumman successfully demonstrates new target location module

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07:43 EDTCOL, GD, NOC
theflyonthewall.com: RBC Capital to host a conference

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06:06 EDTBA
theflyonthewall.com: Southwest to delay 737 deliveries to save more than $1B, AP says
Southwest (LUV) is delaying the delivery of 30 Boeing (BA) 737s to save more than $1B through 2014, reports the Associated Press. At its annual shareholder meeting, CEO Gary Kelly said those deliveries will be pushed back to 2017 and 2018. Kelly also said the company won't be getting into the petroleum business anytime soon. . Reference Link :theflyonthewall.com

May 16, 2012
10:36 EDTNOC, FLIR, RTN, COL, GD, LLL, LMT, BA, BAESY, LMIA
theflyonthewall.com: House subcommittee recommends $5.3B boost to weapons funding, Defense News says

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10:01 EDTGD
theflyonthewall.com: General Dynamics awarded $14M order by Department of Homeland Security
General Dynamics Advanced Information Systems, a business unit of General Dynamics, has been awarded a task order by the U.S. Department of Homeland Security to support the National Communications System. General Dynamics will provide around-the-clock watch operations for critical communications infrastructure through support of the NCS's National Coordinating Center for Communications. The company will provide emergency response support and liaison to communications partners to identify the possible impacts of potentially disruptive events and coordinate the restoration and repair of the infrastructure when outages occur. :theflyonthewall.com
09:23 EDTLMT
theflyonthewall.com: BofA/Merrill's Head of U.S. Equity & Quantitative Strategy holds conference call

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09:15 EDTRTN, LLL, NOC, LMT, COL, GD, BA
theflyonthewall.com: BofA/Merrill's aerospace & defense analyst holds a conference call

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08:14 EDTBA
theflyonthewall.com: Boeing likely to return significant cash in 2013, says Wells Fargo

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08:13 EDTCOL
theflyonthewall.com: Rockwell Collins management to meet with UBS
Field trip to company headquarters to be held in Cedar Rapids, IA on May 16 hosted by UBS. :theflyonthewall.com
08:02 EDTRTN
theflyonthewall.com: Raytheon awarded $313.8M for Standard Missile-6 all-up rounds
The U.S. Navy awarded Raytheon a $313.8M contract for low-rate initial production of Standard Missile-6 all-up rounds. SM-6 leverages the legacy Standard Missile airframe and propulsion elements, while incorporating the advanced signal processing and guidance control capabilities of Raytheon's Advanced Medium-Range Air-to-Air Missile. Work will be performed in Tucson, Ariz.; Camden, Ark.; Andover, Mass.; Huntsville, Ala.; Dallas, Texas; Hanahan, S.C.; Anniston, Ala.; San Jose, Calif.; and Middletown, Ohio, and is expected to completed by March 2015. :theflyonthewall.com
08:00 EDTBA
theflyonthewall.com: Boeing Investor Day upbeat, says Cowen

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07:28 EDTGD
theflyonthewall.com: General Dynamics management to meet with Deutsche Bank

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07:19 EDTBA
theflyonthewall.com: Senate votes to reauthorize Export-Import Bank, Washington Post reports

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07:02 EDTNOC
theflyonthewall.com: Northrop Grumman increases quarterly dividend 10% to 55c per share

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04:59 EDTLMT
theflyonthewall.com: Lockheed Martin Orbits 100th and 101st commercial geo satellites
The 100th and 101st Lockheed Martin commercial geostationary communication satellites have been successfully placed in orbit after a dual launch aboard an Ariane 5-ECA launch vehicle. Both satellites are based on Lockheed Martin's A2100 geosynchronous satellite series. Both satellites will undergo on-orbit checkout over the next few months prior to the start of operations. VINASAT-2 is scheduled to be handed over to VNPT in late June and JCSAT-13 will be turned over to SKY Perfect JSAT in mid July. :theflyonthewall.com

May 15, 2012
17:00 EDTBA
theflyonthewall.com: SAC Capital reports decreased stakes in Apple, Boeing, Dollar General

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13:48 EDTLMT
theflyonthewall.com: Pentagon limiting flights of Lockheed F-22 due to oxygen problems, AP reports

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10:20 EDTBA
theflyonthewall.com: Boeing says 40%-50% cost drop from first 787 to 60th
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09:56 EDTBA
theflyonthewall.com: Boeing CFO says it's evaluating all parts of production process

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09:52 EDTBA
theflyonthewall.com: Boeing CEO says financing is tight, but doable
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09:49 EDTBA
theflyonthewall.com: Boeing says government is not providing a predictable environment for business

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09:43 EDTBA
theflyonthewall.com: Boeing CEO says it is on track to hit 10/month production rate for 787

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09:42 EDTBA
theflyonthewall.com: Boeing CEO says airline fundamentals generally intact and demand growing

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09:41 EDTBA
theflyonthewall.com: Senate reaches deal to consider Export-Import reauthorization, Poltico says
Democrats and Republicans reached a deal to allow a bill that would extend funding of the Export-Import Bank to come to the Senate floor today, according to Politico. However, the bill will need 60 votes to pass, the publication added. Boeing (BA) receives a significant amount of support from the bank. Reference Link :theflyonthewall.com
09:13 EDTBA
theflyonthewall.com: Boeing says will aggressively manage financial strength

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09:11 EDTBA
theflyonthewall.com: Boeing sees 30% commercial airplane production rate increase from 2012-2014

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09:08 EDTBA
theflyonthewall.com: Boeing says taking disciplined approach to cash generation, deployment

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09:06 EDTBA
theflyonthewall.com: Boeing sees FY12 EPS $4.14-$4.35, consensus $4.58
Sees FY12 revenue $78B-$80B, consensus $79.51B. Sees FY operating cash flow >$5B. Sees FY12 commercial deliveries 585-600. Comments from slides that will be presented at The Boeing Company 2012 Annual Investor Conference. :theflyonthewall.com
07:48 EDTLMT
theflyonthewall.com: Jacobs Engineering, Lockheed Martin joint venture concludes AWE pricing
Jacobs Engineering (JEC) announced that AWE Management Limited, in which it has a one third share, has concluded the arrangements for the next pricing period regarding the contract to Manage and Operate the Atomic Weapons Establishment in the United Kingdom. Formed in 2000, AWE ML is a joint venture between Jacobs, Lockheed Martin (LMT) and Serco to manage AWE plc on behalf of the UK Ministry of Defence. The conclusion of recent negotiations is an important milestone although the contract has no material changes. The new arrangements will take effect from April 2013 and run through to March 2018. The total value to AWE ML is an average of around $1.59B per year with approximately 40% to be invested in capital projects. :theflyonthewall.com
07:12 EDTNOC
theflyonthewall.com: Oppenheimer to host a conference

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06:25 EDTBA
theflyonthewall.com: Alestis forced to slow production due to Europe's financial crisis, WSJ reports
Europe's financial crisis has forced Alestis Aerospace, a manufacturer of critical aircraft components for Boeing (BA), Airbus (EADSY) and Embraer (ERJ), to slow its production, which poses a risk to some of the world's biggest jetliner programs, reports the Wall Street Journal. Reference Link :theflyonthewall.com

May 14, 2012
12:33 EDTBA
theflyonthewall.com: Pendrell subsidiary notified petition for appeal in Boeing ruling denied

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12:07 EDTNOC, BA, RTN, COL, FLIR, LMIA, BAESY, LLL, GD, LMT
theflyonthewall.com: U.S. special ops looking to build worldwide network, Defense News reports

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08:40 EDTNOC
theflyonthewall.com: Northrop Grumman awarded $103M Naval Air Systems Command Contract

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08:12 EDTNOC
theflyonthewall.com: Northrop Grumman begins full rate production of infrared missile warning system

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08:04 EDTRTN
theflyonthewall.com: Raytheon BBN Technologies awarded $2.5M in funding

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May 13, 2012
15:44 EDTBA
theflyonthewall.com: Embraer's near-term turbulence creates long-term opportunity, Barron's contends

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May 11, 2012
12:54 EDTCOL
theflyonthewall.com: Rockwell Collins management to meet with RBC Capital
Group dinner to be held in New York on May 16 hosted by RBC Capital. :theflyonthewall.com
12:17 EDTLLL
theflyonthewall.com: L-3 selected as prime contractor to provide C-27J for Australian program

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11:23 EDTBA
theflyonthewall.com: Boeing volatility near five-year lows into investor meeting

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10:02 EDTBA, LMT
theflyonthewall.com: U.S. manufacturers getting boost from subsidies, NY Times says

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08:42 EDTBA
theflyonthewall.com: Boeing shares should be bought on weakness, says Sterne Agee

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07:15 EDTLMIA, RTN, FLIR, LLL, COL, BAESY, GD, LMT, NOC, BA
theflyonthewall.com: Joint Chiefs chairman opposes new missile shield, The Hill reports
The chairman of the Joint Chiefs of Staff said he saw no need for a missile defense system to protect America's East Coast, according to The Hill. Republican House members have proposed creating such a system, which is projected to cost a total of $2B-$4B. Reference Link :theflyonthewall.com
06:59 EDTBA
theflyonthewall.com: Senator blocks vote on Export-Import bank reauthorization, The Hill says
Republican Senator Jon Kyl blocked the Senate from voting to provide new funds for the Export-Import Bank, and sought to require 60 votes to pass the legislation, according to The Hill. Boeing (BA), which is a major beneficiary of Export-Import Bank loans, has fought to extend the bank's charter, while Delta (DAL) fought for reforms to the bank's practices. Reference Link :theflyonthewall.com
06:40 EDTFLIR
theflyonthewall.com: Flir Systems initiated with a Fair Value at CRT Capital

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