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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:11 EDTSXI, BA, LMTStandex 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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August 22, 2014
18:16 EDTBAGeneral Electric equipped 787 Dreamliner approved by regulators, WSJ says
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07:16 EDTLMTLockheed, suppliers aim to cut F-35 expenses, Reuters says
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August 21, 2014
11:26 EDTBABoeing reports 12 new orders in weekly update
Boeing reported orders for 10 737s and two 777s for unidentified customers in its weekly update.
August 20, 2014
14:07 EDTLMTAstrotech Corporation to sell assets of Astrotech Space Operations business unit
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August 19, 2014
16:45 EDTBABombardier shakes up commercial aircraft marketing division, WSJ says
Canadian transportation company Bombardier (BDRBF) has replaced its commercial aircraft marketing chief Philippe Poutissou with Ross Mitchell, says the Wall Street Journal. The moves come as part of a broader restructuring of Bombardier's marketing division as the company competes with Boeing (BA) and Airbus Group (EADSY), added the Wall Street Journal. Reference Link
08:21 EDTSXIStandex acquires Enginetics
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August 18, 2014
09:31 EDTLMTLockheed Martin receives contract from US Navy to test FROTIS exoskeletons
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August 15, 2014
18:06 EDTLMTLockheed Martin awarded $232.8M government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $232,794,734 cost-plus-incentive-fee modification to the previously awarded F-35 Lightning II Low Rate Initial Production Lot VI contract. This modification provides for non-recurring sustainment activities, to include procurement of 19 training devices and 69 items of complex support equipment. Work is expected to be completed in June 2017. Fiscal 2012 aircraft procurement funds and international partner funds in the amount of $232,794,734 will be obligated at time of award, $190,999,120 of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity
August 14, 2014
17:49 EDTBABoeing awarded $295.64M government contract
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13:39 EDTBABoeing reports 10 new 777 orders in weekly update
Boeing in its weekly update reported 10 new 777 orders for unidentified customers.
10:01 EDTLMTGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.
06:32 EDTBABoeing clears way for new 777X wing facility, Reuters says
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August 13, 2014
16:40 EDTBAAir Lease places two new Boeing 777-300ERS wth KLM
Air Lease announced long term lease agreements with KLM for two additional new Boeing (BA) 777-300ER aircraft, scheduled for delivery in 2H16 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016.
06:09 EDTBABoeing, Sikorsky selected to build Technology Demonstrator
Sikorsky Aircraft, a subsidiary of United Technologies (UTX) and Boeing (BA) have been selected to build a helicopter for the U.S. Army’s Joint Multi-Role Technology Demonstrator Phase 1 program, paving the way for the next generation of vertical lift aircraft. The U.S. Army Aviation Technology Directorate selected the Sikorsky-Boeing team to continue the development of the SB>1 Defiant, a medium-lift helicopter configured to Sikorsky’s X2 coaxial design, through flight testing. First flight for the program is expected in 2017. Reference Link
August 12, 2014
09:22 EDTLMTLockheed Martin names Brian Colan as Chief Accounting Officer
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06:29 EDTBABoeing sees most defense arm reductions from supply chain, Reuters says
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August 11, 2014
06:50 EDTLMT, BAJason Communications to sponsor a symposium
17th Annual Space and Missile Defense Symposium to be held in Huntsville, Alabama on August 11-14.

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