Aerospace & Defense Stock Outlook - April 2014 - Industry Outlook
Aerospace & Defense Stock Outlook - April 2014 - Zacks Analyst Interviews
The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to resume in 2016. It said the cuts would slash $40 billion from the Pentagon's planned spending on operations and maintenance over that time, while research and development of new cutting-edge technologies would fall by nearly $18 billion from $337 billion. The Defense Department said the cuts required under a process called sequestration would damage the military's modernization efforts, increase national security risks, further slash troop levels and jeopardize the ability of U.S. forces to go to war.
WALTHAM, Mass., April 15, 2014 /PRNewswire/ -- Raytheon Company (RTN) will issue its first quarter 2014 earnings news release at 7 a.m. EDT Thursday, April 24, 2014. The release will be posted on Raytheon's website. Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing;
Raytheon Company was a winner within the aerospace/defense industry, rising $1.11 (1.1%) to $97.51 on light volume
HARLOW, England, April 11, 2014 /PRNewswire/ -- Raytheon Company received a contract from an international customer for Paveway™ IV precision guided bombs valued at more than $200m. As part of the sale Raytheon will deliver hundreds of the advanced munitions, which are regarded as the 'weapon of choice' for the Royal Air Force. "This contract is an export boost to the U.K. It will help support hundreds of manufacturing and engineering jobs at Raytheon's facilities and in the supply chain across the U.K.," said Richard Daniel, Chief Executive, Raytheon UK. "Developed in Harlow, with the advanced guidance system produced in Glenrothes, Paveway IV™ has delivered considerable operational capability to the U.K. and allied forces in numerous military operations." Raytheon UK is a subsidiary of Raytheon Company.
U.S. stock futures are trading sideways Friday as investors eye big bank earnings reports and consumer sentiment survey results.
The U.S. Department of Defense granted a total of eight contracts on Apr 9, 2014.
On Apr 8, 2014, we issued an updated research report on L-3 Communications Holdings, Inc.
L-3 Communications Holdings Inc. received two contracts worth approximately $39.7 million from the U.S. Department of Defense on Friday, Apr 4, 2014.
Raytheon (RTN) has seen a nice short-term history of beating earnings estimates, and looks poised to crush analyst expectations in its next earnings report as well.