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Aerospace-Defense News



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General Electric Co. (NYSE:GE) Receives Average Rating of "Hold" from Analysts

Wed, 28 Sep 2016 20:37:15 GMT

Shares of General Electric Co. have earned a consensus rating of "Hold" from the twenty-three analysts that are presently covering the company.




Special session in Hartford on Sikorsky deal

Wed, 28 Sep 2016 16:06:13 GMT

Gov. Dannel P. Malloy needs legislative approval for his proposed $220-million incentive package to retain Sikorsky Aircraft's helicopter factor in Stratford. The deal is expected to pass overwhelmingly in the General Assembly on Wednesday.




EDICON 2016: Resolution Bandwidth

Wed, 28 Sep 2016 16:06:12 GMT

The first EDICON, covering RF, Signal/power integrity, and EMI, was a bit flat. But then, it was the first in the U.S. When I look at the big signal, the first ever EDICON show in the U.S. was flat.




GE Prepared to Work With Whoever Wins U.S. Presidential Election

Wed, 28 Sep 2016 11:41:03 GMT

General Electric Co., which bought Alstom SA's energy units last year, will be flexible and build a relationship with the next president of the U.S., whether it's Hillary Clinton or Donald Trump, Vice Chairman John Rice said. "We will operate with whoever is the president of the United States in January," though GE doesn't agree with some of the rhetoric out of the election season, Rice said in an interview at the Bloomberg Markets Most Influential Summit in Hong Kong Wednesday.




AAR Corp. (AIR) Stock Rating Lowered by TheStreet

Wed, 28 Sep 2016 07:28:06 GMT

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of AAR Corp. from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 13th.




Northrop Grumman Corp. (NOC) Stake Cut by Retirement Systems of Alabama

Wed, 28 Sep 2016 03:23:38 GMT

Retirement Systems of Alabama lowered its stake in shares of Northrop Grumman Corp. by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 111,341 shares of the company's stock after selling 503 shares during the period.




Boeing unveils deal to boost Moroccan aerospace industry

Tue, 27 Sep 2016 23:03:56 GMT

Boeing Co. has signed an agreement with Morocco's government that the North African kingdom hopes will create 8,000 jobs and an additional $1 billion a year in export revenue.




United Technologies Corp. (UTX) Cut to "Sell" at Zacks Investment Research

Tue, 27 Sep 2016 20:57:16 GMT

According to Zacks, "United Technologies is exposed to market price volatility and availability risks related to raw materials, which hampers its ability to meet delivery schedules and increases operating costs. With over 8,000 employees, United Technologies has a considerable presence in the U.K. Consequently, the company is susceptible to high operating risks following the Brexit referendum.




Recent Investment Analysts' Ratings Changes for Bombardier

Tue, 27 Sep 2016 20:57:15 GMT

They now have a C$1.45 price target on the stock. 9/22/2016 - Bombardier had its "outperform" rating reaffirmed by analysts at Scotiabank.




BAE Systems in Nashua lands $384M contract for new crew-served weapon sights

Tue, 27 Sep 2016 18:45:49 GMT

BAE Systems Information and Electronic Systems and DRS Network and Imaging Systems have received two US Army contracts worth more than $720 million for crew-served weapons sights, the Department of Defense announced.




Littoral Combat Ship Failures Multiply -- but Won't Sink Lockheed Martin's Stock

Tue, 27 Sep 2016 18:45:48 GMT

The Littoral Combat Ship -- better known as the "LCS" or more recently, the "frigate" -- is arguably the Navy's smallest class of capital warship today. She's built in two main variants: the 378-foot, 3,500-ton monohull Freedom- class design built by Lockheed Martin, and a competing 418-foot, 3,100-ton trimaran Independence- class designed by General Dynamics Future plans call for the Navy to down-select and further tweak just one of these designs to build at some unspecified date in the future.




Where Will General Electric Be in 2020?

Tue, 27 Sep 2016 16:31:28 GMT

It's jettisoning most of its financial businesses and refocusing on its core industrial roots. It's already starting to look more like rival Honeywell than its former self.




VSE Awarded $28M CIO-SP3 Task Order to Support the Army Analytics Group Data...

Tue, 27 Sep 2016 12:09:10 GMT

VSE Corporation was awarded a Time and Materials task order to support the Army Analytics Group under the Chief Information Officer Solutions and Partners Government Wide Acquisition Contract. The contract is administered by the National Institutes of Health Information Technology Acquisition and Assessment Center.




Lockheed Rolls Out First F-35A for Japan Air Self Defense Force

Tue, 27 Sep 2016 08:01:29 GMT

Senior Japanese and U.S. government officials joined Lockheed Martin to celebrate the roll out of the first Japan Air Self Defense Force F-35A Lightning II, marking a major milestone in Japan's enhanced national defense and strengthening the future of the U.S-Japan security alliance. Kenji Wakamiya, Japan's State Minister of Defense spoke at the event, saying, "With its low observability and network capability, the F-35 is the most advanced air system with cutting-edge capability as a multi-role fighter.




Lockheed Martin Corp. (LMT) Shares Sold by Conning Inc.

Tue, 27 Sep 2016 03:59:41 GMT

Conning Inc. decreased its stake in shares of Lockheed Martin Corp. by 21.5% during the second quarter, Holdings Channel reports. The fund owned 100,148 shares of the company's stock after selling 27,420 shares during the period.




Terrorism bill creates odd allies in Obama, corporate execs

Mon, 26 Sep 2016 23:33:29 GMT

The White House is finding some unlikely allies in its efforts to discourage Congress from overriding President Barack Obama's veto of a bill allowing lawsuits against countries with possible ties to terrorist attacks. Several CEOs of corporations with ties to governments in regions that are breeding grounds for violent extremists are urging House and Senate leaders to scrap plans for override votes as soon as this week.




Director's Deals: Charles Woodburn, Chief operating officer, Bae, picks up 26,498 shares

Mon, 26 Sep 2016 23:33:28 GMT

The man tipped to take over as chief executive at BAE Systems picked up 26,498 shares in the company last week. Charles Woodburn is chief operating officer at the aerospace firm.