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Stock Market & Financial Investment News

News Breaks
February 25, 2014
08:05 EDTXLS, UTXExelis receives contract worth over $34M from Sikorsky
Exelis (XLS) has been awarded a contract valued in excess of $34M from Sikorsky (UTX) to produce major structural airframe components for four production-representative CH-53K heavy lift helicopters. Designated as System Demonstration Test Articles, the four aircraft will enable the U.S. Marine Corps to conduct operational evaluation of the new helicopter system beginning in 2017. Exelis will fabricate and assemble the composite sponsons, the tail rotor pylon and the horizontal stabilizer of the CH-53K heavy lift helicopter. Production will take place at the Exelis composite design and manufacturing center in Salt Lake City, Utah.
News For XLS;UTX From The Last 14 Days
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February 27, 2015
18:10 EDTUTXLockheed Martin, United Technologies JV awarded $2B government contract
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06:33 EDTXLSExelis reports Q4 C4ISR Electronics and Systems revenue up 2% to $636M
Reports Q4 Information and Technical Services revenue down 1% to $297M. Reports book-to-bill ratio of greater than 1.0x.
06:32 EDTXLSExelis reports Q4 adjusted EPS 47c, consensus 45c
Reports Q4 revenue $933M , consensus $912.12M
February 26, 2015
15:30 EDTXLSNotable companies reporting before tomorrow's open
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February 25, 2015
17:23 EDTUTXUnited Technologies awarded $407M government contract
United Technologies Corp., East Hartford, Connecticut, has been awarded a $407M indefinite-delivery/indefinite-quantity contract for engine component improvement program. Contractor will provide design improvement, life management/analysis, repair development and test of engines produced by Pratt & Whitney. Work will be performed at East Hartford, Connecticut, and is expected to be complete by Dec. 31, 2021. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Fiscal year 2015 research, development, test and evaluation funds in the amount of $5M are being obligated at the time of award for task order 0001. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
07:09 EDTUTXUnited Technologies price target to $138 ahead of Analyst Day at Credit Suisse
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February 24, 2015
09:08 EDTXLSExelis signs agreement with Saab Aeronautics for 214 PMELs
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February 23, 2015
09:31 EDTXLSExelis receives $7.6M contract from ADS
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06:51 EDTUTXAerospace 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
06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
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February 19, 2015
09:59 EDTXLSExelis awarded $10.7M contract by DARPA
Exelis has been awarded a $10.7M contract by the Defense Advanced Projects Research Agency, or DARPA, to develop a new multifunctional chip for airborne radio applications. The contract is part of an overall effort to enable secure communications and keep battlefield networks ahead of emerging electronic threats. Along with improving the security and jam-resistance of airborne radio communications, the Exelis chip will pioneer a new architecture known as “interface awareness,” which aims to improve the standardization of radio subsystems and allow radio components to be re-engineered to meet different requirements without the need to develop entire systems.

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