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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.
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April 17, 2014
11:19 EDTBABoeing reports 5 new orders since last update, cuts 737 net orders by 5
Boeing reported 5 new orders for 737s from an unidentified customer or customers in an update on its orders through April 15 posted to its corporate website. In the changes category, Boeing reduced 737 net orders by 5.
08:34 EDTLMTFCC to hold a workshop
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06:21 EDTLMTLockheed Martin's F-35 to debut at overseas airshow this summer, WSJ reports
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April 15, 2014
13:56 EDTLMTPentagon to cut 17 F-35 Lockheed fighters it planned to buy, Bloomberg says
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10:25 EDTBASpirit AeroSystems new pact with Boeing removes a risk, says Wells Fargo
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10:02 EDTLMTLockheed awarded $10M contract from U.S. Naval Sea Systems Command
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06:29 EDTBAFuji Heavy Industries o open factory plant for next-gen Boeing jets, Nikkei says
Fuji Heavy Industries (FUJHY) plans to open a new factory next year to produce parts for Boeing's (BA) next-generation 666X passenger jets, reports Nikkei. Fuji Heavy Industries is expected to spend $97.6M for the new plant and will likely build enough parts to equip 100 of the new aircraft next year. Reference Link
April 14, 2014
16:49 EDTBASpirit AeroSystems, Boeing amend supply agreement
Spirit AeroSystems (SPR) disclosed in a regulatory filing that on April the company entered an agreement with Boeing (BA) amending Spirit’s long-term supply agreement with Boeing covering products for Boeing’s B737, B747, B767 and B777 commercial aircraft programs. The amended agreement establishes pricing terms for recurring products for the period commencing on April 1 and ending on December 31, 2015. Prices will continue to be adjusted each year based on a quantity-based price adjustment formula described in the agreement, whereby average per-unit prices are higher at lower volumes. Prices continue to be subject to other adjustments provided for under the agreement. The new pricing terms will not be applied to the period prior to April 1. Spirit does not expect the amended agreement to have a material impact on previously announced EPS guidance.
07:06 EDTBA, LMTU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 11, 2014
08:22 EDTBAAerCap completes 29 aircraft transactions in Q1
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April 9, 2014
16:08 EDTLMTNorthrop Grumman ships payload module two months early
Northrop Grumman (NOC) shipped the fourth Advanced Extremely High Frequency satellite payload module nearly two months early, at Lockheed Martin (LMT) Space Systems, Sunnyvale, Calif., AEHF system prime contractor.Complete payload delivery is expected to finish a full six months early.
13:49 EDTBABoeing, Air Canada sign agreement for Boeing Maintenance Performance Toolbox
Boeing (BA) announced that Air Canada (AIDIF) has signed an agreement to implement the Boeing Maintenance Performance Toolbox to support maintenance operations for its 767, 777, 787 and 737 MAX airplane fleets. The Maintenance Performance Toolbox suite delivers access to information that technicians need to resolve airplane maintenance issues. As part of the Toolbox deployment project, Boeing will also provide services for transition and migration of customized data from maintenance management applications currently used by Air Canada, and will enable integration with existing maintenance resource planning systems.
07:21 EDTLMTPentagon expects Lockheed, Pratt deal on F-35 lot by May's end, Reuters says
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April 7, 2014
12:21 EDTBABoeing now sees completing C-17 production in mid-2015
Boeing adjusted slightly the timing for ending C-17 Globemaster III production and closing its Long Beach, Calif., C-17 final assembly facility after a successful two-decade production run of the world's premier airlifter.Based on current market trends and the timing of expected orders, Boeing anticipates completing C-17 production in mid-2015, an adjustment of approximately three months from an initial estimate of late 2015. The company announced plans to end C-17 production in September 2013. Boeing expects inventory–related charges of approximately $50M, which will be recorded in Q1, as a result of this announcement.
April 6, 2014
18:00 EDTBAU.S. says ending Boeing fighter jet line won't damage suppliers, Reuters says
The Defense Department decided that halting orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes would not jeopardize suppliers for other big weapons programs, says Reuters. Reference Link

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