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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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September 11, 2014
17:26 EDTLMTLockheed Martin awarded $147.49M government contract
Lockheed Martin is being awarded a not-to-exceed $147.49M firm-fixed-price, cost-plus-fixed fee, and cost-type-letter contract for low rate initial production and fielding of Surface Electronic Warfare Improvement Program, or SEWIP, Block 2 systems. SEWIP is an evolutionary acquisition and incremental development program which upgrades existing out-of-production AN/SLQ-32V electronic warfare systems by providing improved electronic support receivers and combat system interface. This contract includes options, which, if exercised, would bring the cumulative value to $158.79M. Work is expected to be completed by September 2017.
09:01 EDTBAAlcoa signs multiyear supply contract with Boeing valued at over $1B
Alcoa (AA) has signed a long-term contract to supply aluminum sheet and plate products to Boeing (BA). The multiyear contract, valued at more than $1B, is the largest ever between the two companies. Notably, the agreement makes Alcoa sole supplier to Boeing for wing skins on all of its metallic structure airplanes. Alcoa plate products, used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be on every Boeing platform, including the 787 Dreamliner. Finally, the agreement establishes a foundation for continued collaboration on new, high-strength and corrosion-resistant alloys, including aluminum-lithium that could be used for complex structural applications.
September 10, 2014
09:14 EDTBABoeing receives first order for 502 Phoenix small satellite
Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ of Washington, D.C. The satellites will carry the commercial remote sensing industry’s first hyperspectral payload, capable of providing spectral imaging fidelity. Boeing will deliver a complete satellite system initially consisting of two satellites, available for launch in 2018, command and control operations, image processing, and data storage of collected imagery. The contract includes options for long-term operations and maintenance.
September 9, 2014
09:37 EDTBABoeing announces agreement with GA Telesis
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06:17 EDTBABoeing up against pressure to boost 737 production rate, Reuters says
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September 8, 2014
16:18 EDTBAOn The Fly: Closing Wrap
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12:18 EDTBAOn The Fly: Midday Wrap
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09:35 EDTBARyanair places order for up to 200 Boeing 737 MAX
Ryanair (RYAAY) confirmed an agreement with Boeing (BA) to purchase up to 200 new Boeing 737 MAX 200 aircraft, including 100 firm orders and 100 options. When finalized and all options exercised, this deal will be worth over $22B at current list prices, Ryanair stated, adding that it becomes the lead customer for this new aircraft, which for Ryanair will feature 197 seats and new CFM LEAP-1B engines.
09:33 EDTBARyanair places order for up to 200 Boeing 737 Max
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06:47 EDTBARyanair to possibly place $10B Boeing order, Reuters says
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September 7, 2014
15:29 EDTBABoeing, Ryanair set to make significant fleet announcement, Reuters says
Boeing (BA) CEO Ray Conner and Ryanair (RYAAY) CEO Michael O'Leary are set to announce on Monday a significant purchase by Ryanair of Boeing 737 MAX 8 jetliners, says Reuters. With this order, Boeing will further cement its lead over rival Airbus Group (EADSY) in the order tally so far this year, added Reuters. Reference Link
September 6, 2014
16:51 EDTBABoeing shares could climb 20%
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September 5, 2014
14:41 EDTBABoeing set to win $11B deal for max jets from Ryanair, Bloomberg says
12:43 EDTLMTLockheed Martin JLTV program completes government review
The Lockheed Martin Team's Joint Light Tactical Vehicle, or JLTV, program successfully completed the government's Production Readiness Review at the company's Ground Vehicle Assembly facility.
08:31 EDTBARyanair furthering discussions for possible $10B Boeing deal, Reuters says
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08:29 EDTSXIStandex announces closing of Enginetics Corporation acqusition
Standex International announced that it has closed its previously announced acquisition of Ohio-based Enginetics Corporation, a leading producer of aircraft engine components serving the U.S. and European aviation markets. Enginetics had revenue of approximately $30M in the trailing 12 months. This acquisition is expected to be accretive to earnings in the range of 3c-5c excluding the impact of purchase accounting related to inventory and long term backlog in the remainder of FY15 and 7c-9c in the FY16 excluding the impact of long term backlog.
06:40 EDTBA, LMTCanada to presumably purchase fighter jets from U.S. firms, Reuters says
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September 4, 2014
07:28 EDTLMTPentagon official says close to F-35 engine fix, Reuters says
Pentagon chief arms purchaser Frank Kendall said that the U.S. military is getting closer in figuring out how to fix the engine that fuels Lockheed Martin's (LMT) F-35 fighter jet, while Pratt & Whitney said it will pay to retrofit the 156 engines which were already delivered, according to Reuters, citing comments from Kendall. Pratt & Whitney is the United Technologies (UTX) division that manufacturers the engine. Reference Link
05:43 EDTBABoeing sees China leading Asia Pacific region in new airplane deliveries
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September 3, 2014
08:15 EDTLMTLockheed Martin dividend could surpass expectations, says Wells Fargo
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