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Stock Market & Financial Investment News

News Breaks
August 6, 2014
10:37 EDTGD, NOC, HIINorthrop awarded contracts from U.S. Navy, others for DDGs
Northrop Grumman (NOC) has been awarded contracts from the U.S. Navy, General Dynamics (GD) Bath Iron Works and Huntington Ingalls (HII) Industries to provide integrated bridge and navigation systems and steering gear systems to modernize Arleigh Burke-class guided missile destroyers, or DDGs. Naval Sea Systems Command exercised options for the acquisition and testing of five integrated bridge and navigation systems valued at $11M. General Dynamics Bath Iron Works and Huntington Ingalls Industries jointly exercised options for six steering gear systems valued at $30M. Back fit installation of the IBNS systems by the Navy will be conducted at the home ports of the vessels during their modernization windows. For the new build ships, steering gear systems and IBNS systems will be installed at the shipyards of Bath Iron Works and Huntington Ingalls Industries. Deliveries will begin in 2015 and are expected to be completed by 2021.
News For NOC;GD;HII From The Last 14 Days
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July 1, 2015
17:31 EDTHIIHuntington Ingalls unit awarded $75M contract
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June 29, 2015
07:22 EDTGD, HIIBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
15:17 EDTHIIHuntington Ingalls unit awarded contract valued at up to $65M
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07:26 EDTGD, NOCSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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June 22, 2015
17:28 EDTHIIHuntington Ingalls division awarded $23.8M Navy contract
Huntington Ingalls Industries announced that its Newport News Shipbuilding division has received a $23.8M contract from the U.S. Navy for nuclear propulsion and complex modernization work on the aircraft carrier USS George H.W. Bush as part of its planned incremental availability. The contract is for work to be completed between June and November at Norfolk Naval Shipyard and will include planning, procurement, fabrication, execution and testing.
10:01 EDTNOCNorthrop Grumman awarded delivery $31.7M order from DMEA
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