Aerospace/Defense Products & Services

(LMT) Lockheed Scores a Nice Air Force Contract

Lockheed Martin Corporation (LMT) bagged a $421.1 million contract from the U.S. Air Force for upgrading the Air Force’s command and control center, Weapon System Integrator. The company will provide systems engineering, integration, modernization, maintenance, management and contingency...

4Sep2009 | | 0 comments | Continued

(LMT) Lockheed Buys Gyrocam Systems LLC, Makers of Gyrostabilized Optical Surveillance Systems

Lockheed Martin Corporation (LMT) yesterday completed the acquisition of Gyrocam Systems LLC, which develops and supplies primarily to the U.S. military – gyrostabilized optical surveillance systems and sustainment field services.

Historically, Lockheed Martin has grown through...

2Sep2009 | | 0 comments | Continued

(NOC) Northrop Scores Two Major Pentagon Contracts

Northrop Grumman Corp. (NOC) yesterday bagged two Pentagon contracts worth $5.87 billion. The first contract is worth $3.44 billion, from the Air Force for providing services for the stealth bomber B-2 bomber fleet. The second contract is of $2.43 billion from the Navy for providing...

28Aug2009 | | 0 comments | Continued

(LMT) Lockheed Martin Set Up a Missile Defense Systems Operating Unit

Lockheed Martin Space Systems Co., a Lockheed Martin Corp. (LMT) subsidiary, recently set up a new Missile Defense Systems operating unit. The new unit, which is part of the Lockheed Martin’s Strategic and Missile Defense Systems division Incorporatedludes program management,...

27Aug2009 | | 0 comments | Continued

(GD) General Dynamics Bags $100 Million Army Order

General Dynamics (GD) recently said that its unit, General Dynamics Armament and Technical Products, has received a $100 million contract from the US Army TACOM-Rock Island Ill division. The contract for supplying M2 flex machine guns is of indefinite delivery-indefinite quantity...

27Aug2009 | | 0 comments | Continued

(NOC) Northrop Grumman Corp Earns Security Contract

On Monday, Northrop Grumman Corp.’s (NOC) cyber security team bagged a follow-on $430 million indefinite delivery/indefinite quantity (ID/IQ) contract from the US Army. In lieu of the deal, the company will continue providing a wide array of information operations (IO) and computer...

26Aug2009 | | 0 comments | Continued

(LMT) Lockheed Links to Smart Grid

Lockheed Martin (LMT) recently joined forces with privately owned Black & Veatch to garner a better slice of utilities modernizing in response to the US Department of Energy’s (DOE) Smart Grid Investment Grant Program.

This $4.5 billion program is part of...

20Aug2009 | | 0 comments | Continued

(HON) Fitch Cuts Honeywell Debt Outlook

Fitch Ratings recently lowered its outlook on Honeywell International Inc. (HON) as it expects the defense contractor’s weak operating performance that began late last year to continue through 2009.

Lower earnings and cash flow have resulted in a leverage which...

20Aug2009 | | 0 comments | Continued

(HON) Honeywell Bags RMG

Honeywell International Inc. (HON) announced completion of its acquisition of RMG Group and its subsidiaries (RMG Regel and Messtechnik GmbH) at an expense of approximately $400 million. RMG has been integrated into Honeywell Process Solutions, which is part of Honeywell’s Automation...

19Aug2009 | | 0 comments | Continued

(LMT) Lockheed Martin Slashes Jobs

Lockheed Martin Space Systems Co., one of the four key operating units of Lockheed Martin Corp. (LMT), will downsize its employee base to boost competitive position and profitability.

By the end of this year, the Space Systems division will retrench around 800...

19Aug2009 | | 0 comments | Continued

(HON) Honeywell Gets Aero-Engine Deals

Honeywell International Inc. (HON) announced that it has been awarded an additional option year on a contract from the U.S. Army to improve performance and extend the life of the AGT1500 turbine engine that powers the M1 Abrams tank.

The Total Integrated Engine Revitalization...

14Aug2009 | | 0 comments | Continued

(GR) Goodrich Logs Into China – new facility in China’s Tianjin Airport Industrial Park

Yesterday, Charlotte-based Goodrich Corp. (GR) agreed to form two joint venture companies with China’s Xi’an Aircraft International Corp. (XAIC).

According to the agreement, XAIC will form a joint venture with each of Goodrich Landing Gear and Goodrich Aerostructures. The...

13Aug2009 | | 0 comments | Continued

(LMT) LMT Expands Space Systems Assets

Lockheed Martin Corp. (LMT) is gearing up big-time to rejuvenate its beleaguered Space Systems segment. Yesterday, the company broke ground on two new projects at its facility in Newtown, Pennsylvania. The estimated cost of the two projects will come to around $24 million.

Lockheed...

12Aug2009 | | 0 comments | Continued

(NOC) Northrop Gets New Army Deal – Neutral recommendation for the company

Northrop Grumman (NOC) along with four other syndicates of companies has received an indefinite delivery/indefinite quantity contract from the U.S. Army for providing automatic identification technology hardware, software and engineering services. The project will be carried out over...

12Aug2009 | | 0 comments | Continued

(ESLT) Elbit Systems Inc. – Aggressive Growth – Zacks Rank Buy

Elbit Systems Ltd. (ESLT) has been surging since it was originally featured as a Zacks Rank Buy back in March.

An Excellent Quarter

The Israeli defense company reported first-quarter results on May 20 that included a record backlog of $5.1 billion. Revenues...

16Jun2009 | | 0 comments | Continued

(ATK) Zacks #1 Rank Additions for Monday – Zacks Tale of the Tape

Here are the stocks added to the Zacks #1 Rank (“strong buy”) List today:

(ESLT) Elbit Systems Ltd. – Aggressive Growth – Zacks Rank Buy

Elbit Systems Ltd. (ESLT) just announced a record quarter and full year. Shares are up on the news and the company is well positioned for 2009.

Company Description

Elbit Systems is a worldwide leader in Night Vision Goggles Head-Up Displays...

19Mar2009 | | 0 comments | Continued

(TDG) TransDigm Group, Inc. – Aggressive Growth – Zacks Rank Buy

TransDigm Group Inc. (TDG) is displaying solid earnings momentum after the release the its first-quarter results. The aircraft component maker has surprised for the past 9 quarters.

Company Description

TransDigm Inc. engages in the design,...

19Mar2009 | | 0 comments | Continued

(TDG) TransDigm Group – higher sales and wider operating margins from cost cutting initiatives

TransDigm Group, Inc. (TDG) is fresh off the heels of very solid first-quarter results in which income was up 40% from last year. Estimates have recently been lifted and the company’s share price is pressuring a short-term level of resistance.

Company Description

TransDigm Inc....

18Feb2009 | | 0 comments | Continued

(TDG) TransDigm Group – Net income soared 46.8%

TransDigm Group, Inc. (TDG), the aviation components manufacturer, raised 2009 guidance after it surprised on analysts’ estimates on Feb 3 by 34.5%. TDG is trading at 12.45x forward earnings.

Company Description

TransDigm Group designs and manufactures aircraft components for use...

4Feb2009 | | 0 comments | Continued

(AVAV) AeroVironment – reaffirm its full-year revenue growth between 20% and 25%

AeroVironment, Inc. (AVAV) has continued to rally since originally being featured as a momentum stock in mid November. The strong performance comes in tandem with company’s impressive second-quarter results, reported on Dec 4.

Second-Quarter Results

Revenue for the period was up...

3Feb2009 | | 0 comments | Continued

(TGI) Triumph Group – designs and manufactures aerospace systems and components for the aviation industry

Triumph Group, Inc. (TGI), the aviation parts manufacturer, continued its streak of beating Wall Street estimates as it recently surprised on estimates by 19.82% in the third-quarter 2009 and has now surprised 4 quarters in a row by an average of 24.39%. The stock is cheap. It trades with a PEG of...

3Feb2009 | | 0 comments | Continued

(GD) General Dynamics – sales increased in the Aerospace, Marine Systems and Information Systems and Technology groups

General Dynamics Corp. (GD) reported third-quarter results in late October. Earnings per share of $1.59 topped the year-prior $1.34 and exceeded analyst estimates by 7%. Revenues jumped 4.5% to $7.1 billion on a year-over-year basis.

Company Description

General Dynamics operates in four...

3Dec2008 | | 0 comments | Continued

(AVAV) AeroVironment, Inc – reaffirmed its revenue guidance for fiscal 2009

AeroVironment, Inc.’s (AVAV) share price has logged an impressive performance in 2008, advancing along a steady upward trend as many other segments of the market have weakened. The company’s second-quarter results were solid and the analyst community remains bullish on the company’s...

14Nov2008 | | 0 comments | Continued

(ERJ) – Empresa Brasileira de Aeronáutica – current PEG ratio for Embraer is 0.5

Empresa Brasileira de Aeronáutica (ERJ) is expanding in Latin America as estimates are climbing. The market has created a steep discount for the jet maker’s growth rates.

Company Description

Empresa Brasileira de Aeronautica S.A, or Embraer, formed by the Brazilian government...

25Oct2008 | | 0 comments | Continued

(GD) – General Dynamics – More Growth Forecasted for the Future

General Dynamics (GD), which recently received a $46.3 million contract from the U.S. Navy, declared a regular quarterly dividend of 35 cents per share. GD noted that the dividend is payable November 14 to shareholders of record on October 10. The company’s second-quarter revenue result came in...

15Oct2008 | | 0 comments | Continued

(GD) – General Dynamics – More Growth Forecasted for the Future

General Dynamics (GD), which recently received a $46.3 million contract from the U.S. Navy, declared a regular quarterly dividend of 35 cents per share. GD noted that the dividend is payable November 14 to shareholders of record on October 10. The company’s second-quarter revenue result came in...

9Oct2008 | | 0 comments | Continued

(GD) – General Dynamics – More Growth Forecasted for the Future

General Dynamics (GD), which recently received a $46.3 million contract from the U.S. Navy, declared a regular quarterly dividend of 35 cents per share. GD noted that the dividend is payable November 14 to shareholders of record on October 10. The company’s second-quarter revenue result came in...

7Oct2008 | | 0 comments | Continued

(GD) – General Dynamics – More Growth Forecasted for the Future

General Dynamics (GD), which recently received a $46.3 million contract from the U.S. Navy, declared a regular quarterly dividend of 35 cents per share. GD noted that the dividend is payable November 14 to shareholders of record on October 10. The company’s second-quarter revenue result came in...

2Oct2008 | | 0 comments | Continued

(ATRO) – Astronics – Military sales were up 32% from the same period last year

Astronics Corp.’s (ATRO) share price has recently rallied in response to the company’s solid second-quarter results and optimistic outlook. The company has a record backlog of orders, and the next-year estimate is projecting 19% earnings growth.

Company Description

Astronics...

26Sep2008 | | 0 comments | Continued