All Posts Tagged With: "LMT"

(LMT) Lockheed Martin Earns Neutral Rating From Analyst

We maintained our long-term Neutral recommendation on aerospace and defense major Lockheed Martin Corporation (LMT) on May 10, 2013. The company’s first quarter 2013 results and its leveraged presence in the Army, Air Force, Navy...

23Jun2013 | | Comments Off | Continued

(LMT) Lockheed Martin Wins Four in a Row

Lockheed Martin Corp. (LMT) turned out to be the major beneficiary of the 20 contracts, worth $717.7 million, handed out by the Department of Defense (DoD) very recently. Indeed the company secured four contracts that comprised nearly...

23May2013 | | Comments Off | Continued

(LMT) Lockheed Martin Hits 52-Week High

On May 22, 2013, the shares of Lockheed Martin Corporation (LMT) hit a 52-week high of $107.93. Lockheed Martin registered positive earnings surprises in three of the last four quarters, with an average beat of 16.56%. Another defense...

23May2013 | | Comments Off | Continued

(NOC) Northrop Likely to Beat Earnings Again

We expect Northrop Grumman Corp. (NOC) to beat expectations when it reports first quarter 2013 results on Apr 24. Why a Likely Positive Surprise? Our proven model shows that Northrop Grumman is likely...

13May2013 | | Comments Off | Continued

(BA) Aerospace & Defense Stock Overview – April 2013 – Zacks Analyst Interviews

Overview The aerospace and defense industry found its largest base in the U.S. with a military budget fittingly impressive. The country’s global leadership position requires it to maintain the capacity to respond to the ever-changing national security environment. But...

2May2013 | | Comments Off | Continued

(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 | | Comments Off | Continued

(BA) Aerospace & Defense Stock Overview – April 2013 – Zacks Analyst Interviews

Overview The aerospace and defense industry found its largest base in the U.S. with a military budget fittingly impressive. The country’s global leadership position requires it to maintain the capacity to respond to the ever-changing national security environment. But...

25Apr2013 | | 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 | | 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 | | Comments Off | Continued

(EAC) Erickson Air-Crane Seals Twin Deals

Erickson Air-Crane Inc. (EAC) has received two contracts, one each from Helifor Canada and Western Forest Products Inc. The values of these contracts are in the range of $18-$23 million. Besides providing the S-64E model helicopter,...

11Apr2013 | | 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 | | 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 | | 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 | | Comments Off | Continued

(RTN) Raytheon in Restructuring Mode

Raytheon Company (RTN) has decided to reorganize its business through segment realignment, announcement of key executive roles and job cuts. The restructuring would aim to streamline operations, increase productivity and achieve stronger...

28Mar2013 | | Comments Off | Continued

(UTX) United Technologies Divests Goodrich Unit

Diversified business conglomerate United Technologies Corp. (UTX) recently announced that it has sold the pump and engine control systems business of the erstwhile Goodrich Corporation to Triumph Group, Inc. (TGI)...

28Mar2013 | | 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 | | Comments Off | Continued

(BA) Boeing Gets Orders for 777-300 ERs

Aerospace giant The Boeing Company (BA) announced it received a commitment from Swiss International Air Lines (SWISS) for the purchase of six 777-300ER (Extended Range) airplanes. The cost of the airplanes will be $1.9 billion at current...

15Mar2013 | | Comments Off | Continued

(BA) Boeing Wins Billion Dollar Order

The Boeing Company (BA) has received an order worth $1 billion from Cathay Pacific Airways for three 747-8 Freighter airplanes. The order also includes options for five additional 777 Freighters. Besides strengthening its position...

6Mar2013 | | 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 | | Comments Off | Continued

(BA) Boeing Gets $3.2 Billion Order

The Boeing Company (BA) has entered into an agreement, worth $3.2 billion, with Air Lease Corporation (“ALC”) to supply 10 units of 777-300 Extended Range (ER) airplanes. Boeing has a long-standing alliance with ALC and aims...

4Mar2013 | | 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 | | Comments Off | Continued

(AAPL) Fourth Quarter 2012 Earnings Season Gets Into High Gear – Earnings Preview

The fourth quarter reporting season gets into high gear this week, with 253 companies coming out with quarterly results, including 83 S&P 500 companies. The earnings season thus far has been relatively uneventful, but we will have a better idea by the end of this week; by then we will have seen...

20Jan2013 | | Comments Off | Continued

(BA) Boeing to Upgrade Globemaster

Aerospace giant The Boeing Co. (BA) received an $895 million contract from the U.S. Air Force right before year-end 2012. Per this 10-year contact, Boeing will be entrusted with the responsibility of upgrading the military transport...

3Jan2013 | | 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 | | Comments Off | Continued

(FLIR) FLIR Systems Acquires Traficon

FLIR Systems, Inc. (FLIR) recently announced the acquisition of Traficon International NV, one of the leading players in video detection technologies for traffic applications, for about $46 million in cash. Based in Wevelgem,...

1Jan2013 | | 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 | | 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 | | 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 | | 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 | | 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 | | Comments Off | Continued