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News Breaks
December 27, 2012
17:32 EDTTXTTextron unit awarded $418.85M government contract modification
Bell Helicopter Textron is being awarded a $418.85M modification to a previously awarded advance acquisition contract to provide additional funding for the procurement of long lead parts and components required for the manufacture of 15 Lot 10 UH-1Y and 10 Lot 10 AH-1Z helicopters for the Marine Corps. Work is expected to be completed in March 2016. Contract funds in the amount of $418.85M will be obligated at the time of award, none of which will expire at the end of the current fiscal year.
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February 23, 2015
06:51 EDTTXTAerospace 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.

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