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Stock Market & Financial Investment News

News Breaks
June 8, 2014
18:20 EDTRTN, LMT, NOCRaytheon, Lockheed Martin, Northrop Grumman could see cutbacks, Barron's says
The increase in healthcare costs could cause further government cutbacks which could crimp revenues for Raytheon (RTN), Lockheed Martin (LMT), and Northrop Grumman (NOC), Barron's contends in a feature article. Reference Link
News For RTN;LMT;NOC From The Last 14 Days
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July 16, 2014
05:47 EDTRTNRaytheon awarded $235.5M contract by U.S. Army
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July 15, 2014
18:41 EDTLMTF-35 Farnborough debut cancelled due to engine fire, WSJ says
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11:21 EDTLMTLockheed Martin opens U.K. space technology office
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07:17 EDTLMTFarnborough International to hold air show
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06:56 EDTLMTU.S. officials remove grounding order for Lockheed F-35s, Reuters says
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05:52 EDTRTNRaytheon, Kongsberg collaborate to provide air-launched OASuW solutions
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July 14, 2014
17:21 EDTLMTLockheed Martin awarded $278.65M government contract modification
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12:46 EDTLMTBAE goes against Lockheed for $10B F-16 revamp work, Reuters says
BAE Systems (BAESY) anticipates to win more than half of the $10B market to upgrade F-16 fighter jets, saying its cost-effective offering could give it a leg-up in the fight against Lockheed Martin (LMT), according to Reuters, citing comments from BAE Systems' vice president for global fighter programs John Bean. Reference Link
11:01 EDTLMTLockheed Martin receives $212M contract
Lockheed Martin received a contract award recently totaling $212M from the U.S. Army Aviation and Missile Command for Patriot Advanced Capability-3 Maintenance & Surveillance services to U.S. and international PAC-3 customers from the Missile Support Center. These Maintenance and Surveillance services will begin immediately at Lockheed Martin facilities in the U.S.
06:37 EDTLMTLockheed Martin to invet on offshoot of joint strike fighter program, WSJ says
Lockheed Martin is set to invest in a new offshoot of its C-130J military transport plane called SeaHerc in a push for more export orders, reports the Wall Street Journal. In an interview, CEO Marillyn Hewson said the company is trying to interest countries such as Canada and the U.K., saying that they are in the midst of discussions with customers with "strong interest in the capability." Reference Link
05:33 EDTRTNRaytheon awarded $80.77M contract for MALD-J
Raytheon has been awarded an $80.77M firm-fixed-price and cost-plus-fixed-fee contract for the Lot 7 Miniature Air Launched Decoy Jammer, or MALD-J, missile to include: data, mission planning, process verification program, and operational flight software. Work will be performed in Tucson, Arizona, and is expected to be completed by June 30, 2016. This award is a result of a sole-source acquisition.
July 13, 2014
16:40 EDTLMTDefense officials see no systematic flaws in Lockheed F-35, Bloomberg says
U.S defense officials see no broad safety issues with Lockheed Martin's F-35 Joint Strike Fighter after an engine fire resulted in the grounding of the fleet, says Bloomberg. Reference Link
12:53 EDTRTNRaytheon upgrades Japanese Navy's friend or foe transponders
In partnership with Hitachi Kokusai, Raytheon is leading Japan's P-1 maritime surveillance aircraft modernization project. The upgrade features Raytheon's Identification Friend or Foe,IFF, transponders containing modern technologies, which include a new waveform that identifies and tracks military aircraft.
12:43 EDTRTNUS Air Force integrating Raytheon aircraft-tracking transponders
Raytheon has started integrating Automatic Dependent Surveillance-Broadcast, ADS-B, capabilities for the U.S. Air Force's largest airplanes to ensure that the service meets an international deadline for equipping military aircraft with the latest satellite-based cooperative aircraft tracking technology. Air Force bombers, cargo planes and refueling tankers are receiving transponder capabilities that broadcast their location and other information while in civil airspace. ADS-B technology monitors plane movement, and is required in the majority of all aircraft flying in the United States by 2020. Similar mandates exist for international air space navigation.
July 11, 2014
18:02 EDTNOCNorthrop Grumman awarded $198.9M government contract
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15:03 EDTNOCNorthrop Grumman names Mark Caylor as Chief Strategy Officer
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July 10, 2014
13:58 EDTLMTPentagon says F-35 fire may have been isolated incident, The Hill says
A fire on an F-35 Joint Strike Fighter plane may have been an isolated incident, and not indicative of a systemic problem, the Pentagonís chief weapons buyer told lawmakers today, according to The Hill. The Pentagon has grounded the planes, which are made by Lockheed Martin (LMT) and United Technologies (UTX). Reference Link
08:12 EDTLMTPratt & Whitney, U.S. government close to $2B engine deal, WSJ reports
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July 9, 2014
11:16 EDTLMT, NOCAeroVironment 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.
06:54 EDTLMTPentagon says no decision yet on F-35s air show attendance, Reuters says
Pentagon press secretary Rear Admiral John Kirby said that a choice has not been made yet on whether to send a group of Lockheed Martin F-35 Joint Strike Fighters to Britain for the plane's international debut at two air shows after the fleet was grounded in response to an engine fire, according to Reuters, citing comments from Kirby. Kirby said, "A decision will be coming pretty soon." Reference Link
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