Boeing will sue the country of Denmark over lack of access to documents used to make a decision to choose rival Lockheed Martin’s F-35 plane over Boeing’s F/A 18 Super Hornet. “Boeing has filed a lawsuit against the Ministry of Defence because the ministry has not responded to the request for access to the documents which are the foundation for the evaluation in the competition for the fighter jets,” Boeing said in statement.
Category: Aerospace-Defense
SpaceX Launches Supply Rocket From Historic Apollo Pad
Elon Musk’s Space Exploration Technologies Corp. successfully launched its second rocket in as many months on Sunday, bringing it a 10th of the way to its goal of deploying 20 to 24 rockets this year. The Falcon 9 rocket that launched SpaceX’s Dragon spacecraft on Sunday separated minutes after liftoff and landed upright on Earth in its designated area.
Why Unilever, DigitalGlobe, and SunPower Jumped Today
The stock market finished the week on a quiet note on Friday, as major market benchmarks once again overcame downward pressure early in the day to finish slightly higher. The Dow , S&P 500 , and Nasdaq Composite all gained enough ground to set new all-time records.
Why DigitalGlobe, Inc. Stock Popped Today
According to a report from The Wall Street Journal this afternoon, which cited “people familiar with the matter,” DigitalGlobe has fielded interest from a “number of possible buyers.” But now, the sources say, the company is in “advanced talks” to sell itself to Canadian satellite company MacDonald Dettwiler & Associates.
For Boeing Chief, How Cozy Is Too Cozy in Access to Trump
Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump.
Trump to Bring Down Price of Wall on Mexico’s Border
President Donald Trump pushed back early on Saturday on assertions that the wall he wants built on the U.S. border with Mexico would cost more than anticipated and said he would reduce the price. Trump made his comments in two Twitter posts but did not say how he would bring down the cost of the wall.
General Electric: Cramer’s Top Takeaways
Jeff Immelt tells Jim Cramer GE is everything Trump’s looking for: an American company that exports goods around the globe. In his second “Executive Decision” segment, Cramer sat down with Jeff Immelt, chairman and CEO of General Electric , which delivered in-line earnings and weak revenues when it reported on Jan 20. Shares of GE are down 6.7% for the year.
Canada Defends Bombardier Aid as Brazil Moves on Trade Challenge
Innovation Minister Navdeep Bains said Canada’s financial aid package for Bombardier Inc. is consistent with trade rules, as Brazil pushed for a hearing in front of the World Trade Organization on what it considers unfair subsidies. The Brazilian government formally sought “consultations” early Wednesday with Canada in front of the WTO with the blessing of Bombardier’s South American rival Embraer SA, according to a statement from that company.
Orbital ATK sues Pentagon over plans to award a space robots contract to a Canadian-owned firm
Orbital ATK, a Dulles-based aerospace manufacturer, is suing the Defense Advanced Research Projects Agency over plans to award a Canadian firm a $15 million contract to build a fleet of space-faring robots capable of repairing government and commercial satellites. Orbital argues the federal program, called the Robotic Servicing of Geosynchronous Satellites, would unfairly compete with its own privately funded effort, a system called the Mission Extension Vehicle 1, backed by at least $200 million from investors.
Is Lockheed Martin’s F-35 Just a Dud?
But the Pentagon might want to rethink whether it wants to buy the fighter at all. That’s the upshot of a new report out of the Pentagon’s Directorate of Operational Test and Evaluation .
U.S. Said to Plan Announcement of $8.2 Billion F-35 Contract
The White House is planning to announce on Friday a contract for 90 F-35 jets from Lockheed Martin Corp. valued at as much as $8.2 billion, according to a source familiar with the plan who asked not to be identified. The contract represents the 10th and latest tranche in a $379 billion program, the Pentagon’s most expensive, which has come under fire by President Donald Trump for “out of control” costs.
General Electric Company Disappoints Again — What It Means to Investors
As you can see in the chart below, it’s not enough of a formula to convince investors, and the stock price has notably underperformed the S&P 500 and its peers. What’s going on, and is it reason to panic? It’s useful to look at a timeline showing how organic revenue growth guidance changed throughout the year.
What Investors Might Have Missed in the Markets This Week
The markets managed to hold onto weekly gains on Friday despite a weaker-than-anticipated gross domestic product figure. The U.S. economy slowed a bit during the fourth quarter with a seasonally adjusted annual rate of 1.9%, the Commerce Department reported Friday.
What Investors Might Have Missed in the Markets This Week
The markets managed to hold onto weekly gains on Friday despite a weaker-than-anticipated gross domestic product figure. The U.S. economy slowed a bit during the fourth quarter with a seasonally adjusted annual rate of 1.9%, the Commerce Department reported Friday.
Northrop Grumman Crushed It on Earnings — Then Sold Off
Heading into earnings day on Thursday, I noted that Northrop Grumman had already come a long way toward meeting Wall Street’s targets for fiscal 2016, having already made three-quarters of the revenue it was supposed to collect and 81% of the profits it was supposed to earn. Nevertheless, the company was issuing cautious guidance of its own for the year, which seemed to imply there was a risk Northrop would fail to deliver.
Honeywell Misses 4Q Earnings Estimates, Maintains 2017 Guidance
Honeywell misses earnings estimates for the fourth quarter but holds its 2017 guidance in place in what will be one of the final presentations for outgoing CEO Dave Cote. Honeywell International missed earnings estimates for the final three months of the year but held its 2017 guidance in place in what will be one of the final presentations for outgoing CEO Dave Cote.
Lockheed Martin’s Stock Falls After Downbeat Outlook Offsets Profit And Sales Beat
Lockheed Martin Corp.’s stock shed 1.4% in premarket trade, after the aerospace and defense contractor beat fourth-quarter profit and sales expectations but provided a downbeat profit outlook. Earnings rose to $988 million, or $3.35 a share, from $933 million, or $3.01 a share, in the same period a year ago.
Trade Idea: A Bear Call Spread on Boeing
Boeing reports this Wednesday morning prior to the opening bell at 11 Wall Street. In fact, in this busy week for quarterly earnings releases, not only does Boeing report, but so do just about all of Boeing’s competitors.
Buffett’s Berkshire Buys German Pipe Company, Handelsblatt Says
One of Warren Buffett’s largest units at Berkshire Hathaway Inc. agreed to buy Wilhelm Schulz GmbH, a closely held German maker of piping components, as the billionaire’s deputies seek deals to expand, Handelsblatt reported. Mark Donegan, chief executive officer of Berkshire’s Precision Castparts unit, confirmed it’s buying Wilhelm Schulz but declined to elaborate on terms, the newspaper said.
GE Misses Sales Estimates as Oil Weighs on Immelt’s Overhaul
General Electric Co.’ s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months.
What Happens When GE Earnings Meet Donald Trump’s Corporate Tax Plan
A wild card that may drive higher growth at GE and reposition manufacturers as drivers of the U.S. economy is President-elect Donald Trump’s plan to cut corporate taxes. For now, investors gauging General Electric CEO Jeffrey Immelt’s progress toward delivering $2 of profit per share in 2018 can monitor benchmarks such as fourth-quarter shipments of a But there’s a wild card that may deliver much more spectacular growth, though on a longer and fuzzier timeline: President-elect Donald Trump’s plan to cut corporate tax rates to 15% from as much as 35%.
S&P 500 Analyst Moves: GD
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, General Dynamics Corp. is now the #55 analyst pick, moving up by 4 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.
Risking Downgrades; Valuing Banks on Earnings: Jim Cramer’s Best Blog
Jim Cramer ponders how too few stocks are doing too much in the Dow’s race to 20,000 and how there isn’t enough GANG to go with all the FANG. Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
AdvanSix: Jim Cramer’s Top Takeaways
Breaking up is a great way to create value for shareholders, Cramer reminded his “Mad Money” viewers Wednesday, as he took a closer look at AdvanSix , the recent spinoff from long-time Cramer fav Honeywell . Cramer explained that after its failed merger attempt with United Technologies last year, Honeywell crafted a new plan: to spin off its nylon and fertilizer business as AdvanSix, which began trading as an independent company in September.
Trump Tweets Against Lockheed’s F-35: Here Are the Facts
By now you’ve all heard about President-elect Donald Trump and his government-by-tweet initiatives to get Boeing BOEING’S F/A-18 fighter jet. Is it really comparable to Lockheed Martin’s F-35? IMAGE SOURCE: U.S. NAVY .
Lockheed Martin’s (Non-Trump) Headwinds
This commentary originally appeared on Real Money Pro at 9:00 a.m. on Dec. 23. Click here to learn about this dynamic market information service for active traders. Lockheed Martin has been under pressure for the past few weeks because of tweets by President-elect Donald Trump.
“Naked” Zumwalt Destroyer Will Now Wield Raytheon’s Excalibur
The U.S. Navy’s new Zumwalt -class destroyer is a marvel of engineering. Bigger than any destroyer currently in the fleet — bigger even than our Ticonderoga -class cruisers — USS Zumwalt was built with angled features that give it a stealth profile.
Another Trump tweet jab, again in the defense sector
Shares of Boeing and Lockheed Martin slipped in early trading a day after a tweet from President-elect Donald Trump appeared to pit the two giants in the defense industry against one another to lower prices for government contracts. During his campaign, Trump lambasted Ford for beefing up operations abroad.
Trump Tweet Sends Lockheed Shares Down, Boeing Shares Rising
Shares of Lockheed Martin Corp. declined in the extended session Thursday while shares of Boeing Co. advanced following a tweet by President-elect Donald Trump about cost overruns for Lockheed’s F-35 fighter.
Trade Defense Stocks After a Gap Higher, a Slump — and Trump Uncertainty
Defense and infrastructure spending is likely to be on the rise in 2017, and defense stocks General Dynamics, Lockheed Martin and Northrop Grumman could benefit. General Dynamics , Lockheed Martin and Northrop Grumman gapped higher in tandem on Nov. 9 following the election victory by Donald J. Trump.
Trump Summons Contractors, Officers to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.
Boeing Stock Upgraded: What You Need to Know
Are you looking to invest in the booming aerospace and defense industry ? Then boy, does Seaport Global Securities ever have a deal for you! This morning, analysts at Seaport initiated coverage of three big names in the aerospace sector. Topping the banker’s list of picksis Boeing , which Seaport says is a buy at today’s price of just $158 and change.
Bombardier CEO Seeks to Close Window on C Series Jet Discounts
Bombardier Inc. gained sales momentum for its flagship C Series jetliner this year with major orders from Air Canada and Delta Air Lines Inc. Now it’s looking to get away from the pricing discounts that fueled the aircraft’s rebound. The planemaker expects to book new sales in the coming months after racking up 360 firm orders and more than 400 commitments for the C Series, its biggest-ever plane, Chief Executive Officer Alain Bellemare said.
Northrop’s New Combat Drone Could Outclass Boeing F/A-18, Lockheed F-35
One year ago, the Defense Advanced Research Projects Agency tapped Northrop Grumman to build it a TERN prototype, capable of launching from and landing on small naval warships. Just six months later , before TERN had even conducted its first test flight, DARPA decided it liked the new drone so much that it “doubled down” and ordered Northrop to go ahead and build it a second test vehicle.