New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 14, 2014
08:10 EDTTXTTextron awarded $5.7M contract from U.S. Army
Textron Systems Unmanned Systems, a business of the Textron Systems segment of Textron, through its Light Armaments team, announced today a $5.7M contract from the Defense Ordnance Technology Consortium and the U.S. Army's Armament Research, Development and Engineering Center for continued development of lightweight, Cased-Telescoped, or CT, weapons and ammunition. Under this two-year award, the team will develop a CT carbine, as well as 7.62 CT ammunition and a machine gun operating mechanism. The CT ammunition utilizes a plastic casing to reduce weight significantly versus conventional ammunition while maintaining performance.
News For TXT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.
February 15, 2015
16:45 EDTTXTFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use