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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:11 EDTLMT, BA, SXIStandex unit awarded $36M contract from Boeing, Lockheed joint venture
Standex (SXI) announced that Spincraft, the company’s engineered products metal fabrication business unit, has received a multiyear contract from United Launch Alliance, a joint venture of Boeing (BA) and Lockheed Martin (LMT), to produce one-piece fuel and oxygen tank domes for ULA’s Atlas V and Delta IV launch vehicle programs. The contract runs through 2016 and is valued at nearly $36M. It carries an additional two-year option valued at $15M. Under the terms of the agreement, Spincraft will produce the single-piece fuel and oxygen tank domes for the Atlas V and Delta IV rockets, which are used to deploy navigation, telecommunications, weather, and national security satellites for customers such as the Department of Defense, NASA, and the National Reconnaissance Office. The new contract, which begins in 2014, builds on Spincraft’s current tank dome contract with ULA. This contract realizes key cost reductions for ULA and has yielded higher demand that is expected to increase Spincraft’s volume by 25% during this contract period.
News For SXI;BA;LMT From The Last 14 Days
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December 15, 2014
11:17 EDTBAGE Aviation selected by Boeing for 777x common core avionics systems
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09:28 EDTLMTLockheed Martin says Air Force approves full rate production for JASSM-ER
The U.S. Air Force has approved full rate production for Lockheed Martin's Joint Air-to-Surface Standoff Missile – Extended Range, orJASSM-ER, which successfully completed U.S. Air Force Initial Operational Test and Evaluation flight testing in 2013. During IOT&E, the program had a 95% success rate, scoring 20 successes in 21 flights. Lots 11 and 12 of the JASSM contract awarded in December 2013 included 100 ER missiles.
09:19 EDTBABoeing announces order for five 737 MAX 7s from Jetlines
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09:12 EDTLMTLockheed Martin selected to continue building MK 41 for Navy
The U.S. Navy awarded Lockheed Martin a $235M contract to continue building MK 41 Vertical Launch Systems with options that, if exercised, would increase the value to $356M. Under this contract which extends through 2022, Lockheed Martin will produce the launch control units, various electrical boxes and the mechanical structure, and perform final assembly and test. The company is also under contract to conduct repairs, distribute, store and manage spare parts for the MK 41 system for the U.S. Navy.
December 12, 2014
17:36 EDTLMTLockheed Martin awarded $169.3M government contract modification
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17:35 EDTLMTLockheed Martin awarded $235.3M government contract
Lockheed Martin Corp., Mission Systems and Training, Baltimore, Maryland, is being awarded a $235,329,189 firm-fixed-price contract for MK 41 Vertical Launching System electronic and mechanical modules and related equipment. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
December 11, 2014
07:24 EDTBABoeing management to meet with Deutsche Bank
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December 10, 2014
08:52 EDTBABoeing delivery of first 787 to American delayed again, Dallas News reports
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08:15 EDTBAWoodward signs supply agreement with Boeing
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06:47 EDTBABoeing says China planes deliveries to hit record in 2014, China Daily says
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06:27 EDTBACongress authorizes $1.46B for Boeing attack jets, Reuters says
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06:08 EDTBABoeing cutting over 560 employees in Southern California, LA Times reports
According to documents filed in California, Boeing is planning to lay off 253 people at its Long Beach facilities, 154 in Huntington Beach and 154 employees in El Segundo, the LA Times reports. The layoffs will occur this month and in early 2015. Reference Link
December 9, 2014
12:38 EDTBABoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business,” the Journal quoted the company as stating. Reference Link
10:01 EDTLMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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06:22 EDTBABoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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December 5, 2014
10:00 EDTLMTOn The Fly: Analyst Downgrade Summary
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07:56 EDTLMTLockheed Martin downgraded at Bernstein
As noted earlier, Bernstein downgraded Lockheed Martin to Market Perform from Outperform. The firm downgraded the stock on valuation. Target $208.
06:53 EDTLMTLockheed Martin downgraded to Market Perform from Outperform at Bernstein
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