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Stock Market & Financial Investment News

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March 11, 2013
06:33 EDTBA, UTX, LMT, NOC, SYMC, GD, AVAV, CHKPObama administration may look to cut F-35 program, NY Times reports
Obama administration officials will consider seeking cuts in Lockheed Martin's (LMT) F-35 airplane and other new warplanes, and look to spend more money on cyberweapons and drones, according to The New York Times. Reference Link
News For LMT;CHKP;SYMC;UTX;AVAV;NOC;BA;GD From The Last 14 Days
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March 17, 2015
07:42 EDTBABoeing may produce satellite for tech giants, Reuters says
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07:18 EDTNOC, LMT, BASatellite & Access Intelligence to hold a exhibition
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March 16, 2015
13:37 EDTBABoeing responds to IAM's petition to unionize Boeing South Carolina
Boeing was notified that the International Association of Machinists union has petitioned the National Labor Relations Board for a union election at the company's North Charleston, S.C., facilities. If the NLRB permits it, a vote will be scheduled for eligible teammates to decide whether they will turn over their rights to the IAM or keep a direct relationship with the company. "Boeing South Carolina teammates have done what so many people said couldn't be done. And they did it by working together, engaging every day, and truly committing themselves to the success of our site," said Beverly Wyse, Boeing South Carolina's newly appointed vice president and general manager. "And let's be really clear, the IAM was not part of this success – it was our BSC teammates. In fact, the IAM aggressively opposed it, as publicly demonstrated by their filing of a claim with the National Labor Relations Board, to try to keep our site from even opening. Now, simply by filing this petition, the same union that tried to take our jobs and our work, has already begun to divide our team at a time when we're just beginning to gel and catch a solid rhythm in production." Boeing firmly believes that a union is not in the best interest of Boeing South Carolina teammates and their families, their communities, and the state of South Carolina, especially after years of the IAM insulting the abilities of Boeing South Carolina teammates and fighting against BSC's success. "We think our Boeing South Carolina teammates deserve to pave their own future and keep their hard-earned money in their own pockets," said Wyse. "In fact, they've been very successful doing just that for the past five years. They've built not only new airplanes, but also a new site, and new opportunities for an incredible future here in South Carolina by working together as a team, without the distractions of a union. We're extremely proud of what our teammates have accomplished." Boeing South Carolina has established several outlets to keep teammates, their families and the community updated throughout this process, including a website and Facebook page that provides information, facts, data, and additional resources related to the IAM's unionizing efforts in South Carolina.
10:00 EDTBARyanair plans transatlantic service in four to five years, Financial Times says
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09:11 EDTBAViaSat and Boeing announce collaboration to offer broadband system
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06:59 EDTBABoeing to hit 737 production targets by 2018, Reuters says
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March 13, 2015
17:50 EDTNOCNorthrop Grumman awarded $113.3M government contract modification
Northrop Grumman Corp. Electronic Systems, Linthicum Heights, Maryland, is being awarded a $113,276,299 modification under a previously awarded contract to exercise an option for procurement of two additional Ground/Air Task-Oriented Radar low-rate initial production systems. Exercise of this option brings the total production of G/ATOR LRIP systems to six systems. Fiscal 2013 procurement funds in the amount of $1,396,263, fiscal 2014 procurement funds in the amount of $4,320,179, fiscal 2015 procurement funds in the amount of $80,992,517 and fiscal 2015 research, development, test and evaluation funds in the amount of $22,230,000 will be obligated at the time of award. Contract funds in the amount of $1,396,263 will expire at the end of the current fiscal year. This modification is awarded against a sole-source contract in accordance with 10 U.S.C. 2304(c)(1). The Marine Corps Systems Command, Quantico, Virginia, is the contracting activity.
17:43 EDTBABoeing awarded $713.9M government contract modification
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09:12 EDTSYMC, CHKPVista exploring sale of cybersecurity company Websense, Bloomberg says
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07:05 EDTUTXUnited Technologies to buyback $2.65B under accelerated share repurchase plans
United Technologies (UTX) disclosed in a regulatory filing that it entered into accelerated share repurchase, or ASR, agreements with each of Goldman Sachs (GS) and Morgan Stanley (MS) to repurchase an aggregate of $2.65B of the company's common stock. Under the terms of the ASR agreements, the company will make a $1.325B payment to each of Goldman Sachs and Morgan Stanley on March 13 and will receive from each of them on the same day an initial delivery of 9,289,426 shares of the company's common stock. The final number of shares to be repurchased will be based on the average of the daily volume-weighted average prices of the company's common stock during the term of the ASR transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreements. The final settlement of the transactions under the ASR agreements is expected to occur no later than the fourth quarter of 2015 and may be accelerated at the option of Goldman Sachs or Morgan Stanley, as the case may be.
07:03 EDTUTXUnited Technologies to buyback $2.65B under accelerated share repurchase plans
06:34 EDTBAKawasaki Heavy Industries factory may boost Boeing 787 production, Reuters says
Kawasaki Heavy Industries (KWHIY) opened a plant Friday with an oversized kiln that may allow Boeing (BA) to exceed its 14-per-month production target for the 787, reports Reuters, citing statements by Kawasaki deputy director of 787 production Akira Inomata. The $288.18M factory will produce the forward fuselage, main landing gear, and wing components for the plane. Reference Link
06:21 EDTUTXUnited Technologies considered selling Sikorsky several times, WSJ says
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06:16 EDTBAEmails show huge level of cooperation between Ex-Im Bank, Boeing, WSJ says
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05:54 EDTUTXUnited Technologies CEO says Pratt CapEx needs to go down, Financial Times says
United Technologies CEO Greg Hayes said Pratt & Whitney CapEx will "have to come down" to a more sustainable level so that the company can afford the next "innovative investment" when it sees the opportunity, reports the Financial Times. Pratt is in the middle of investing $10B to introduce the new Geared Turbofan engine for narrow-body jets and wil lmake $2.6B capital investments this year. Reference Link
March 12, 2015
12:59 EDTBABoeing reports Swiss International Air Lines commitment for three 777-300ERs
Boeing reported that Swiss International Air Lines has announced a commitment to purchase three additional 777-300ER airplanes. The order, valued at $990M at list prices, will be posted on Boeing’s Orders & Deliveries website when finalized, the company noted, adding that the new commitment follows SWISS’ previous order for six 777-300ERs in 2013.
08:50 EDTUTXUnited Technologies CEO remarks on possible Sikorsky spinoff, CNBC says
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07:53 EDTUTXUnited Technologies will most likely spin off Sikorsky unit, says UBS
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06:21 EDTBABoeing delivers 50th airplane to EL AL
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05:13 EDTUTXUnited Technologies to explore strategic alternatives for Sikorsky Aircraft
United Technologies announced that its board has authorized a review of strategic alternatives for the corporation's Sikorsky Aircraft business, including a potential tax-free spinoff. UTC expects to conclude its strategic review before the end of the year. However, no specific timetable has been set, and there can be no assurance that a spinoff or any other transaction will take place. Likewise, no decision has been made on the timing or terms of any such transaction if one were to occur. UTC president & CEO Gregory Hayes stated, "Looking to the future, we are evaluating whether Sikorsky's unique business as a rotorcraft OEM with a predominately military customer base is best positioned as a stand-alone company, and whether a separation would allow United Technologies to better focus on providing high-technology systems and services to the aerospace and building industries."
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