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Stock Market & Financial Investment News

News Breaks
June 12, 2014
07:25 EDTEXEL, BAH, EGL, ERJ, CVU, SAIC, IVAC, VSAT, ESL, LDOS, OSIS, AIR, B, KAMN, TSYS, TXTDrexel Hamilton to hold a conference
2014 Aerospace & Defense Conference to be held in New York on June 12.
News For TSYS;TXT;ESL;ERJ;B;VSAT;EGL;AIR;IVAC;BAH;OSIS;SAIC;EXEL;LDOS;CVU;KAMN From The Last 14 Days
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February 23, 2015
16:14 EDTKAMNKaman reports Q4 adjusted EPS 76c, consensus 70c
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14:03 EDTEGLEngility Holdings shareholders approve acquisition of TASC
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08:49 EDTAIRAAR Corp. to hold a conference call
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08:11 EDTAIRAAR Corp. expects to report pre-tax gain of $200M from TransDigm transaction
AAR (AIR) announced it has agreed to sell its Telair Cargo Group to TransDigm (TDG) for a purchase price of $725M in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair U.S., and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015 and the sale is expected to close in the fourth quarter ending May 31, 2015, subject to regulatory approval. When the sale closes, AAR expects to report a pre-tax gain of approximately $200 million after expenses and fees. AAR further announced its intention to sell its unprofitable Precision Systems Manufacturing business and will report it as a discontinued operation and record an impairment charge of approximately $40 million in the third quarter of FY 2015. The company also announced today that its third-quarter results will be less than expected due to fewer flying positions in its Airlift operation, costs associated with this transaction, and bid costs for large government contracts.
08:08 EDTTSYSTeleCommunication Systems' TCS awarded GSA approval to add O3b Networks
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08:06 EDTAIRTransDigm to acquire Telair Cargo Group from AAR Corp. for $725M
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07:51 EDTSAICSAIC awarded $62M task order by SPAWAR
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06:51 EDTTXT, ESL, ERJAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 20, 2015
17:05 EDTEGLEngility declares $207M condiitional special cash dividend upon mergers closing
Engility Holdings announced that its board has declared a special cash dividend, conditioned upon the satisfaction or waiver of all conditions to closing its pending business combination with TASC. The special cash dividend will be in an aggregate amount of approximately $207M, with the per share amount of the special cash dividend to be determined based on Engility’s fully diluted share count immediately prior to closing. It is currently anticipated that the per share amount of the special cash dividend will be approximately $11.46. The special cash dividend will be payable in cash to Engility shareholders of record as of the close of business on the last business day immediately prior to the effective date of the proposed mergers. In order to receive the special cash dividend, Engility shareholders must hold their shares of Engility common stock through the date of the closing of the mergers.
08:04 EDTEGLEngility Holdings wins $27.6M contract to provide product, technical support
Engility Holdings announced it has been awarded a $27.6M contract to provide product and technical support for the development and testing of the Naval Avionics Platform Integration Emulator systems for U.S. Navy platforms. NAPIE systems enable rapid integration of cutting-edge prototype technologies, such as sensors or algorithms, into existing platforms. The work will be done for the Air Traffic Control Systems Division, Naval Air Warfare Center, Aircraft Department Patuxent River, MD. Under this contract, which represents a continuation of previous work, Engility will provide program management, engineering services, system architecture, guidance quality analysis, test planning, flight test data analysis, and field support to the NAWCAD/ATC Systems Division. Work under this cost-plus-fixed-fee award will be performed over five years.
06:32 EDTBBarnes Group reports Q4 Industrial sales up 8% to $198.2M
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06:32 EDTBBarnes Group sees FY!5 adjusted EPS $2.42-$2.57, consensus $2.49
Sees FY15 revenue growth of 3%-6%, consensus $1.34B. Sees FY15 organic revenue growth of 6%-9%. Sees FY15 operating margins to be in the range of 16%-17%. Sees FY15 CapEx $55M-$60M. Sees FY15 cash conversion to approximate 100% of net income.
06:30 EDTBBarnes Group reports Q4 adjusted EPS 62c, consensus 61c
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February 19, 2015
17:30 EDTSAICSAIC awarded $247.5M government contract
Science Application International has been awarded a maximum $247.5M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for maintenance, repair and operations for the Tailored Logistics Support Prime Vendor Program for the Southwest Region Zone 2. This contract was a competitive acquisition and eight offers were received. This is a two-year base contract with two 18-month option periods. Location of performance is New Jersey, with a Feb. 18, 2020, performance completion date.
10:32 EDTEXELHigh option volume stocks:
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10:01 EDTLDOSLeidos selected as preferred bidder to manage U.K.'s defense logitic commodities
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09:12 EDTEXELOn The Fly: Pre-market Movers
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05:31 EDTEXELExelixis announces acceptance of NDA for Genentech cobimetinib
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February 18, 2015
11:16 EDTVSATViaSat management to meet with B. Riley
Meeting to be held in Tampa on February 25 hosted by B. Riley.
08:16 EDTKAMNKaman awarded 777/767 fixed trailing edge kits LTA by Boeing
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