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July 15, 2014
04:55 EDTWWD, WWD, TGI, TGI, BAESY, BAESY, COL, COL, ATI, ATI, RTI, RTI, ERJ, ERJ, ESL, ESL, PCP, PCP, WAIR, WAIR, BDRBF, BDRBFCredit Suisse events at Farnborough Air Show
Credit Suisse to hold meetings at the Farnborough Air Show in Farnborough, England on July 13-16.
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December 12, 2014
09:53 EDTWWDWoodward backs FY15 EPS $2.65-$2.90, consensus $2.79
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09:52 EDTWWDWoodward sees solid long-term grwoth
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09:52 EDTESLEsterline comments on T-6 modest positive for Textron, says Wells Fargo
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09:51 EDTWWDWoodward to invest $500M over four years for facility expansions
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07:35 EDTESLEsterline about execution, not fundamentals, says Canaccord
Canaccord believes Esterline may be under pressure in the short term following its Q4 results, but the firm is convinced in the company's longer term opportunity because its story is about execution and not fundamentals. The firm feels the company's guidance is conservative and sees its three-to-five year targets as attainable. Canaccord reiterated its Buy rating and $138 price target on Esterline shares.
December 11, 2014
16:42 EDTESL, BAESYBAE Systems proposes to acquire Eclipse Electronic Systems for $28M in cash
BAE Systems (BAESY) announced that it has entered into an agreement with Esterline (ESL) for the proposed acquisition of its wholly-owned subsidiary, Eclipse Electronic Systems, Inc., for cash consideration of approximately $28M, subject to closing adjustments. Eclipse Electronic Systems business employs approximately 90 people. The proposed acquisition is conditional upon receiving certain regulatory approvals. It is anticipated the proposed acquisition will be completed during the 1Q15.
16:07 EDTESLEsterline reports Q4 adjusted EPS $1.82, consensus $1.85
Reports Q4 revenue $548M, consensus $556.50M.
07:30 EDTTGI, RTIDA Davidson to hold a conference
6th Annual Aerospace & Industrials 1:1 Conference is being held in Boston on December 11.
December 10, 2014
17:16 EDTBAESYBAE Systems awarded $115M government contract
BAE Systems is being awarded an $115M undefinitized contract action as a modification to a previously awarded contract for USS Bataan FY15 dry-docking planned maintenance availability. A dry-docking planned maintenance availability includes the planning and execution of depot-level maintenance, alterations, and modifications that will update and improve the ship's military and technical capabilities. Work will be performed in Norfolk, Virginia, and is expected to be completed by November 2015.
09:22 EDTTGITriumph Group deal 'highly favorable,' says DA Davidson
After Triumph Group (TGI) announced that it would be taking over the production of the G650 and G280 wing programs from Spirit AeroSystems (SPR), DA Davidson thinks the deal is "highly favorable" for Triumph. The firm says that Triumph acquired two programs that have been at the top of its radar for some time, received enough cash to cover initial cash flows, and still has considerable room to make further acquisitions. DA Davidson keeps a Buy rating on Triumph.
08:15 EDTWWDWoodward signs supply agreement with Boeing
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07:24 EDTTGISpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
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December 9, 2014
12:38 EDTTGIBoeing 747 production rate cut not surprising, says Wells Fargo
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10:39 EDTWWDWoodward to host investor and analyst meeting
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07:46 EDTTGITriumph Group to host a conference call
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07:45 EDTBAESYRaytheon, BAE asked to increase shipbuilding role in Australia, Reuters reports
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07:31 EDTTGITriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:22 EDTTGIBoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
08:08 EDTWAIRWesco Aircraft announces retirement of president and CEO Randy Snyder
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December 5, 2014
09:53 EDTERJEmbraer management to meet with JPMorgan
Meetings to be held in New York on December 9 and in Boston on December 10 hosted by JPMorgan.
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