Aerospace-Defense Products & Services
(LMT) Lockheed Martin to Build Ocean Thermal Energy Conversion Plant in China
Lockheed Martin Corporation (LMT) has entered into an agreement with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant located off the coast of southern China. Per the agreement, this offshore...27Apr2013 | vitalstocks | Comments Off | Continued
(COL) Rockwell Collins Stays Neutral
We reaffirmed our long-term Neutral recommendation on Rockwell Collins, Inc. (COL) on Apr 11, 2013. We remain upbeat on the company’s balanced exposure to both types of customers, namely, commercial and military, as well as its strong...27Apr2013 | vitalstocks | Comments Off | Continued
(ERJ) Embraer Posts Weak First Quarter Aircraft Deliveries
Embraer S.A. (ERJ) has delivered a total of 29 jets in the first quarter of 2013 ending Mar 31, 2013, which fell short of the 34 deliveries made in the same period last year. Of the total, 17 jets were delivered to the commercial...23Apr2013 | vitalstocks | Comments Off | Continued
(HON) Honeywell Beats Earnings Estimate
Despite macroeconomic headwinds, Honeywell International Inc. (HON) reported solid first quarter 2013 results with earnings of $966 million or $1.21 per share compared to $825 million or $1.04 in the year-ago quarter, representing...22Apr2013 | vitalstocks | Comments Off | Continued
(NOC) Northrop Grumman Wins Contract Modification
Northrop Grumman Corp. (NOC) won a modification contract from the U.S. Air Force for its Global Hawk unmanned aircraft system. This contract has a total value of $71 million. Global Hawk is an unmanned aircraft system and has...18Apr2013 | vitalstocks | Comments Off | Continued
(LMT) Lockheed Martin Inks $256.6M Deal
The aerospace and defense major Lockheed Martin Corporation (LMT) has received a total of five standalone contracts from the Department of Defense (DoD). The total contract value is $256.6 million. The lion’s share of these...17Apr2013 | vitalstocks | Comments Off | Continued
(LLL) L-3 Communications Holdings Hits New 52-Week High
On Apr 11, 2013, shares of L-3 Communications Holdings Inc. (LLL) hit a new 52-week high of $83.99. Earlier, in Jan 2012, the company had reported solid fourth-quarter results with a positive earnings surprise of 6.13%. L-3 Communications...15Apr2013 | vitalstocks | Comments Off | Continued
(LMT) Lockheed Martin in Supply Pact with NASA
Lockheed Martin Corporation (LMT) has received an order from the National Aeronautics and Space Administration (NASA) to supply biomedical, medical and health services for all human spaceflight programs of the latter. The contract,...11Apr2013 | vitalstocks | Comments Off | Continued
(NOC) Northrop Grumman Upgrades Sensor System
Northrop Grumman Corporation (NOC) has introduced the Fourth Generation Tracking Adjunct Sensor (4G TAS) for its Hawk air defense system. The company’s Electronic Systems business is responsible for this new product development. The...8Apr2013 | vitalstocks | Comments Off | Continued
(GD) General Dynamics Gets $40 Million Order for Saudi Tanks
General Dynamics Corporation’s (GD) subsidiary General Dynamics Land Systems has entered into a $40 million agreement with the U.S. Army TACOM Life Cycle Management Command. The deal comes under the U.S. Foreign Military Sales contract...4Apr2013 | vitalstocks | Comments Off | Continued
(GD) General Dynamics Gets Contract to Modify Zumwalt Class Guided Missle Destroyer
General Dynamics Corporation’s (GD) marine business wing Bath Iron Works clinched an $18.0 million contract for the modification of the first DDG-1000 Zumwalt class guided missile destroyer. The production of the first next generation...24Mar2013 | vitalstocks | Comments Off | Continued
(LMT) Lockheed Martin in Littoral Combat Deal
Lockheed Martin Corporation (LMT) was provided funding in the amount of $696,629,123 for construction of two Littoral Combat Ships. The Naval Sea Systems Command, Washington, D.C., is the contracting authority. A littoral combat...6Mar2013 | vitalstocks | Comments Off | Continued
(GD) General Dynamics to Underperform
On Feb 4, 2013, we downgraded defense and aerospace operator, General Dynamics Corporation (GD) to Underperform based on the company’s dismal fourth quarter and full year 2012 financial results. The company currently has a short-term...26Feb2013 | Shawn | Comments Off | Continued
(ATK) Alliant Techsystems Earnings Preview
Alliant Techsystems Inc. (ATK) is slated to release its third quarter fiscal 2013 financial results before the market bell on Feb 5, 2013. In the last reported quarter, the aerospace and defense company posted a positive surprise of...11Feb2013 | Shawn | Comments Off | Continued
(ERJ) Embraer SA – ADR – Bear of the Day
While Embraer S.A. (ERJ) looks forward to its American and Continental regional jets order, the loss of the Delta Airlines contract in the current quarter has been detrimental to the future revenues of the company. This has led to downward estimate...17Jan2013 | Shawn | Comments Off | Continued
(NOC) Northrop Grumman Gets U.S. Army Laser Targeting Systems Contract
Northrop Grumman Corporation, (NOC) received a three-year contract from the U.S. Army to build and deliver hand-held targeting devices (“HHTPDs”) at its Apopka operation in Florida. The contract is valued at $9.2 million. To date,...16Jan2013 | Shawn | Comments Off | Continued
(ATK) Alliant Techsystems Gets Israeli Contract
Alliant Techsystems Inc. (ATK) has entered into an agreement with Israel Aerospace Industries (“IAI”) to supply solar array to power the latter’s Affordable Modular Optimized Satellite (“AMOS-6”). The company’s Space Components...15Jan2013 | Shawn | Comments Off | Continued
(ATK) Alliant Techsystems – Bull of the Day
Alliant Techsystems (ATK) reported favorable top- and bottom-line results in the second quarter of fiscal 2013 with both lines beating the Zacks Consensus Estimate. The solid performance stemmed from higher booking orders and high-profile defense...2Jan2013 | Shawn | Comments Off | Continued
(ATK) Alliant Techsystems Continues as Outperform
We reiterate our Outperform recommendation on aerospace and defense major Alliant Techsystems Inc. (ATK). The company registered favourable top-and bottom-line results in the second quarter of fiscal 2013 with both lines beating the...1Jan2013 | Shawn | Comments Off | Continued
(AIR) AAR Corporation Earnings Scorecard
AAR Corp. (AIR), Illinois-based aerospace/defense products and services supplier, surpassed its earnings expectation in fiscal 2013 second-quarter with a decent revenue increase, driven by its recent acquisitions. AAR is also in the...1Jan2013 | Shawn | Comments Off | Continued
(AIR) AAR’s Outperform Rating Reaffirmed
We recently maintained our Outperform recommendation on AAR Corp. (AIR), one of the leading suppliers of aftermarket products and services to the global aerospace/aviation industry. Headquartered in Delaware, the company conducts its...1Jan2013 | Shawn | Comments Off | Continued
(NOC) Northrop Grumman’s Drones Proposed for Sale
Department of Defense (“DoD”) has made a proposal to Congress for the sale of Northrop Grumman Corporation’s (NOC) Global Hawk surveillance drones to the government of South Korea under the foreign military sale (“FMS”) program....31Dec2012 | Shawn | Comments Off | Continued
(LMT) Aerospace and Defense Stock Overview – Dec 2012 – Zacks Analyst Interviews
The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military budget. The industry largely depends on U.S. government contracts. As such, the outlook for the industry is closely tied to the outlook for de ...31Dec2012 | Shawn | Comments Off | Continued
(GD) General Dynamics Gets Sub-Contract
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics Corporation (GD), has been awarded a U.S. Navy contract worth $41 million to perform non-nuclear submarine modernization and maintenance work. The contract...23Dec2012 | Shawn | Comments Off | Continued
(GD) General Dynamics Gets FBI Contract
General Dynamics Corporation‘s (GD) unit, General Dynamics Information Technology (“GDIT”), has received a 5-year task order, worth $42.2 million, from the Federal Bureau of Investigation (“FBI”). The company has already...18Dec2012 | Shawn | Comments Off | Continued
(NOC) Northrop Grumman Awarded U.S. Postal Contract
Northrop Grumman Corporation (NOC) was awarded a three-year contract to operate its central repair facility in Topeka, Kansas by the U.S. Postal Service. The program provides repair services for the Postal...4Dec2012 | vitalstocks | Comments Off | Continued
(LMT) Lockheed Martin Gets Army Contract
Lockheed Martin Corporation (LMT) was competitively awarded by the U.S. Army a $114 million, five-year contract to upgrade combat vehicle simulators for soldier training, and also to expand the training capability for the Marine Corps. Per...18Nov2012 | vitalstocks | Comments Off | Continued
(LMT) Lockheed Martin Boosts Dividend
Lockheed Martin Corporation (LMT) has announced that it will increase the quarterly dividend rate to $1.15 per share, up approximately by 15 cents from the current payout of approximately $1.00 per share. The proposed hike would...23Oct2012 | vitalstocks | Comments Off | Continued
(LMT) Lockheed Martin Gets $13.5 Million U.S Navy Order
Lockheed Martin Corporation (LMT) has received a five-year contract worth $13.5 million from the Office of Naval Research to explore highly advanced autonomous technologies aboard an unmanned vertical take-off and landing aircraft. Per...23Oct2012 | vitalstocks | Comments Off | Continued
(ERJ) Embraer S.A. Reports Reduced Third Quarter Aircraft Delivery
The largest among Brazil’s aircraft manufacturers, Embraer S.A. (ERJ) released its aircraft delivery report for the third quarter 2012, ended September 30, 2012. The company delivered 40 aircraft as compared to 55 aircraft delivered...23Oct2012 | vitalstocks | Comments Off | Continued