New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:31 EDTRTNRaytheon awarded $12.3M contract for HARM upgrade
The U.S. Air Force awarded Raytheon a $12.3M contract to begin full rate production of High-Speed Anti-Radiation Missile (HARM) Control Section Modification upgrade units. Raytheon received the award as the result of a down-select competition. The modification adds a GPS receiver and an improved inertial measurement unit for precision navigation to the existing HARM. HCSM also features a digital flight computer that merges targeting solutions from navigation and seeker systems. These enhancements improve the probability of hit, while controlling where the missile can and cannot fly.
News For RTN From The Last 14 Days
Check below for free stories on RTN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2014
12:50 EDTRTNOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following reports from some of the biggest names in technology and ahead of reports tonight from several other tech giants. The averages opened in positive territory, with the tech-heavy Nasdaq up more than 1% soon after the opening bell. The index was unable to hold its early gains and moved into negative territory, taking the other major averages with it. The indexes were able to keep their losses to a minimum and eventually regrouped and made it back onto positive ground, where they stood near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 24K from the prior week to 329K in the week ended April 19, which was above the 315K consensus forecast of analysts, though there may have been some impact from Easter as the Bureau of Labor Statistics noted difficulty adjusting the data around the holiday. Durable goods orders rose 2.6% in March, beating the 2.0% increase that was forecast. Outside the U.S., Russia said it launched military exercises along the Ukrainian border after Ukrainian forces killed pro-Russian militants. COMPANY NEWS: Shares of Apple (AAPL) advanced more than 8% after the company reported significantly better than expected quarterly earnings and sales, particularly sales of its iPhone. Apple also announced a 7-for-1 stock split that will take effect in June, along with an 8% increase in its quarterly dividend and a $30B increase in its share repurchase authorization. Following last night's report, CLSA upgraded its rating on Apple shares to Buy from Outperform and raised its price target for the stock to $695 from $610, while Jefferies recommended "aggressively" buying shares following the Q2 results and outlook for Q3... Another tech giant, Facebook (FB), also reported earning and revenue that topped expectations last night, sending its shares higher in after-hours trading and prompting a number of price target hikes among Street analysts. However, Facebook also announced that its CFO David Ebersman will step down, to be succeeded by David Wehner, who is currently the company's Vice President of Corporate Finance and Business Planning. The social network operator traded on both sides of the flat-line this morning, but was up a bit over 1% at midday... Shares of General Motors (GM) fell about 2% after the company reported profits that narrowly edged out expectations but revenues that fell short of expectations. GM said its core operating performance has been on plan for the year CEO Mary Barra said the company has seen "no meaningful slowdown" in its U.S. sales despite the negative publicity related to its ongoing ignition switch recall and associated legal matters. MAJOR MOVERS: Among the notable gainers was orthopedic device maker Zimmer Holdings (ZMH), which climbed 11% after it agreed to merge with privately held Biomet in a cash and stock transaction valued at about $13.35B, including the assumption of net debt. Also higher following their earnings reports were Citrix Systems (CTXS), which rose 10%, D.R. Horton (DHI), which gained more than 7%, and Aetna (AET), which advanced 6%. Among the noteworthy losers was chip making giant Qualcomm (QCOM), which slid 3.5% despite reporting profits that beat expectations and raising its yearly EPS outlook, as the company also disclosed the receipt of a notice from the SEC about a potential filing of an enforcement action against the company related to anti-bribery violations. Also lower following their earnings reports were Xilinx (XLNX), which fell about 9%, Raytheon (RTN), which dropped 4%, and Hershey (HSY), which also declined about 4%. INDEXES: Near midday, the Dow was up 19.49, or 0.12%, to 16,521.14, the Nasdaq was up 25.91, or 0.63%, to 4,152.87, and the S&P 500 was up 5.35, or 0.29%, to 1,880.74.
07:20 EDTRTNRaytheon reports Q1 Integrated Defense Systems sales $1.48B
Reports Q1 Intelligence, Information and Services sales $1.45B; Reports Q1 Missile Systems sales $1.57B; Reports Q1 Space and Airborne Systems sales $1.40B
07:03 EDTRTNRaytheon backs FY14 EPS cont ops $6.74-$6.89, consensus $6.94
Subscribe for More Information
07:02 EDTRTNRaytheon reports Q1 bookings of $4.3B; Q1-end backlog $32.2B
Reports Q1 funded backlog of $22.7B
07:02 EDTRTNRaytheon reports Q1 EPS cont ops $1.87, consensus $1.77
Reports Q1 adjusted EPS $1.43; Reports Q1 revenue $5.5B, consensus $5.5B
April 23, 2014
15:35 EDTRTNNotable companies reporting before tomorrow's open
Subscribe for More Information
07:36 EDTRTNRaytheon to supply missiles for U.S. government foreign military sale
An international customer signed an agreement with the U.S. Government for a foreign military sale of tube-launched, optically tracked, wireless-guided missiles to be supplied by Raytheon in a deal valued at approximately $750M. Raytheon plans to deliver nearly 14K TOW missiles to the customer over a three-year period beginning in 2015. A resulting order is expected to be executed by the U.S. government with Raytheon in the coming weeks.
April 19, 2014
20:20 EDTRTNRaytheon could have 20%-30% upside, Barron's says
Subscribe for More Information
April 11, 2014
08:00 EDTRTNRaytheon awarded international contract for Paveway IV for $200M
Subscribe for More Information

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