All Posts Tagged With: "Northrop Grumman Corporation"

(NOC) Northrop Grumman Earns $113.7 Million DoD Contract

Northrop Grumman Corporation (NOC) numbered among the 20 recipients of contracts from the Department of Defense (DoD). The Northrop contract for $113.7 million calls for Full Rate Production of five E-2D Advanced Hawkeye Lot 2 airborne...

20Aug2013 | | Comments Off | Continued

(EAC) Erickson Air-Crane Purchases Five Aircraft

Evergreen Helicopters, Inc. (“EHI”), a wholly owned subsidiary of Erickson Air-Crane Inc. (EAC), has purchased five aircraft worth $10.1 million from a third party, which were earlier hired under lease. These aircraft comprise...

15Aug2013 | | Comments Off | Continued

(RTN) Raytheon to Sign $2.1Billion Oman Deal

Raytheon Company (RTN) is set to clinch a $2.1 billion arms deal to sell Oman an air defense system during the U.S. Secretary of State John Kerry’s visit in the Gulf state this week. Although the terms of the latest agreement...

16Jul2013 | | Comments Off | Continued

(NOC) Northrop Grumman Boosts Share Repurchase

The board of directors of Northrop Grumman Corporation (NOC) has given approval to repurchase the company’s common stock worth $4 billion. This is the additional share buyback limit over the existing level of $1 billion. With...

11Jul2013 | | Comments Off | Continued

(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

(NOC) Northrop Grumman Stays Neutral

We have maintained our Neutral recommendation on Northrop Grumman Corporation (NOC) on May 22, 2013 on the back of its improved performance and lower share count that led to a top and bottom line beat in the first quarter. However,...

30May2013 | | Comments Off | Continued

(BA) Boeing Analyst Maintains Shares at Neutral

We have maintained our Neutral recommendation on The Boeing Company (BA) on Apr 29, 2013. The company’s solid first quarter 2013 results despite the 787 headwind were commendable. However, risk associated with the axe on the domestic...

18May2013 | | 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) Boeing and Intelstat Extend Satellite Deal

The Boeing Company (BA) announced a contract extension with its existing customer Intelstat S.A. Common Shares (I). As per the renewed agreement, Boeing will manufacture...

12May2013 | | 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

(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

(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

(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 | | 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

(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

(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 | | 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 | | 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 | | Comments Off | Continued

(NOC) Northrop Grumman Gets Logistics Contract

Northrop Grumman Corporation (NOC) was awarded a $88 million cost plus fixed fee contract for logistics support for the RQ-4 Global Hawk fielded Block 30 weapon system. The location of the performance is San Diego, California. Work...

20Oct2012 | | Comments Off | Continued

(NOC) Northrop Grumman to Upgrade Bombers

Northrop Grumman Corporation (NOC) was awarded a $108 million contract by the U.S. Air Force to upgrade its fleet of B-2 stealth bombers. There are 20 B-2s in the U.S. fleet, with 19 at Whiteman Air Force Base in Missouri and 1 used...

16Oct2012 | | Comments Off | Continued

(ERJ) Embraer S.A. Remains in Neutral Zone

We recently maintained a Neutral recommendation on Embraer S.A. (ERJ), a Brazilian aircraft and aviation-related structural parts manufacturer. Apparently, things are not going Embraer’s way for the last three trailing quarters...

16Oct2012 | | Comments Off | Continued

(BA) Boeing Seals a Big 737 Order

Leading commercial airplane producer, The Boeing Co. (BA) received another multi billion order for its 737 model from Alaska Airlines. Per the order, Boeing will supply 50’ 737 airlines at list prices taking the deal value to $5 billion. Out...

12Oct2012 | | Comments Off | Continued

(ERJ) Embraer Delivers Jet to Belavia

Last week, Embraer S.A. (ERJ), the largest Brazilian aircraft manufacturer, made a delivery of its EMBRAER 175 jet to Belavia, the 100% state-owned flag-carrier of Belarus. The aircraft delivered is leased from Air Lease Corporation...

25Sep2012 | | Comments Off | Continued

(BA) Boeing’s 737 Order to Fetch $2.4Billion

Leading commercial airplane producer, The Boeing Co. (BA) received a firm order of 25 airplanes from Avolon. The order includes 10’ 737 MAX 8s, 5’ 737 MAX 9s and 10’ Next-Generation 737-800s. The total value of the order at list...

24Sep2012 | | Comments Off | Continued

(GD) Aerospace and Defense Stock Overview – August 2012 – Zacks Analyst Interviews

The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military budget. The industry...

31Aug2012 | | Comments Off | Continued

(ERJ) Embraer S.A. Tax Woes Cut Profits

Embraer S.A.’s (ERJ) second quarter of 2012 earnings per ADS (diluted) came in at 30 cents, missing the Zacks Consensus Estimate of 58 cents. This also compared unfavorably with earnings of 53 cents in the year-ago quarter. The...

20Aug2012 | | Comments Off | Continued

(NOC) Northrop Grumman to Supply G4 Pods

Northrop Grumman Corporation (NOC) has received a contract worth $103 million from the Naval Air Systems Command for the supply of LITENING G4 pods. Besides providing LITENING G4 targeting systems to the U.S. Marine Corps, it...

12Jun2012 | | Comments Off | Continued

(LMT) Aerospace & Defense Stock Overview – May 2012 – Industry Outlook

The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military budget. The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The industry...

15May2012 | | Comments Off | Continued