New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 27, 2014
11:02 EDTNOC, GDNorthrop Grumman awarded contract by General Dynamics Electric Boat
Northrop Grumman (NOC) has been awarded a contract by shipbuilder General Dynamics (GD) Electric Boat to complete detailed design and subsequent manufacturing, assembly, qualification and delivery of the first turbine generator units for the Ohio Replacement Program , the U.S. Navy's next-generation ballistic nuclear submarine. The turbine generators provide all of the submarine's propulsion and other electrical power requirements. This award follows separate ORP contract awards from General Dynamics to Northrop Grumman's Marine Systems business unit for other ORP components. The ORP plan is to design and build a new class of 12 ballistic missile submarines to replace the Navy's current force of 14 Ohio-class SSBNs, which will be retired starting in 2027.
News For NOC;GD From The Last 14 Days
Check below for free stories on NOC;GD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2014
09:14 EDTGDGeneral Dynamics: Q3 results to be similar to Q2, but expects a strong Q4
Subscribe for More Information
09:14 EDTGDGeneral Dynamics raises FY14 EPS cont ops to $7.40-$7.45 from $6.80-$6.85
FY14 EPS consensus of $7.33; Sees FY14 revenue $30.2B, consensus $30.39B. Expects FY14 operating margin of 12.5%. Sees FY14 effective tax rate in low end of guidance of 30.5%-31%. Comments taken from Q2 earnings conference call.
07:30 EDTNOCNorthrop Grumman reports Q2 Aerospace Systems sales down 4% to $2.5B
Subscribe for More Information
07:29 EDTNOCNorthrop Grumman reports total backlog at June 30 was $35.6B
Subscribe for More Information
07:06 EDTGDGeneral Dynamics repurchased 10.7M outstanding shares in Q2
Subscribe for More Information
07:05 EDTNOCNorthrop Grumman raises FY14 EPS to $9.15-$9.35 from $8.90-$9.15
Subscribe for More Information
07:04 EDTGDGeneral Dynamics reports Q2-end backlog $71.1B
Total backlog at the end of Q2 was $71.1B, 27% over Q1. Estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $28.4B. At the end of the quarter, total potential contract value, the sum of all backlog components, was $99.5B. Orders in the Aerospace group were strong in the quarter, including healthy activity across the group's portfolio. The company said, "General Dynamics' strong second quarter performance reflects our continued focus on program execution and operational improvements. We have a solid building block for the future with an increased defense backlog and robust order activity across the portfolio of Gulfstream business jets."
07:03 EDTNOCNorthrop Grumman reports Q2 EPS $2.37, consensus $2.22
Subscribe for More Information
07:02 EDTGDGeneral Dynamics reports Q2 cont. ops. EPS $1.88, consensus $1.77
Subscribe for More Information
July 22, 2014
15:30 EDTGD, NOCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
10:01 EDTNOCNorthrop Grumman awarded $12M task order from U.S. Navy
Subscribe for More Information
July 18, 2014
17:28 EDTNOCNorthrop Grumman awarded $300M government contract
Subscribe for More Information
July 11, 2014
18:02 EDTNOCNorthrop Grumman awarded $198.9M government contract
Subscribe for More Information
15:03 EDTNOCNorthrop Grumman names Mark Caylor as Chief Strategy Officer
Subscribe for More Information
10:02 EDTGDGeneral Dynamics to continue ACV testing for Marines
Subscribe for More Information
July 9, 2014
11:16 EDTNOC, GDAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use