Aerospace & Defense

According to a research report published today by Oppenheimer, L-3 Communications Holdings (NYSE: LLL) had mixed 4Q11 results, widely missing top-line expectations but recovering the profit through better than expected margins. Oppenheimer explained, “On balance, the performance may help allay...

According to Deutsche Bank, L-3 Communications (NYSE: LLL) price target is raised to $80. Deutsche Bank said that underlying EPS of $2.54 was ahead of its/consensus $2.48/$2.40. “We are raising our FY12 estimate to $8.55 (from $8.47), the top-end of mgmt's guidance given our view of some...

Deutsche Bank has raised the price target on L-3 Communications (NYSE: LLL) from $77 to $80 and maintains its Buy rating.

The U.S. Army Engineering and Support Center, Huntsville, awarded Lockheed Martin (NYSE: LMT) a $66 million contract to stand up the U.S. Army Medical Research Institute of Infectious Diseases Replacement Laboratory at Fort Detrick, Md. Through the six-year contract, Lockheed Martin's Global...

Lockheed Martin (NYSE: LMT) and Raytheon Company (NYSE: RTN) are teaming to compete for a U.S. Navy contract that will upgrade the fleet's capability to electronically attack anti-ship missiles.   Through its Surface Electronic Warfare Improvement Program (SEWIP) Block 3 upgrade, the Navy seeks to...

Pre-open movers US stock futures are lower this morning, as investors are awaiting a European Union summit. Futures for the Dow Jones Industrial Average dropped 63 points to 12,551.00 and S&P 500 index futures fell 7.20 points to 1,305.30. Nasdaq 100 futures dipped 13.25 points to 2,443.00. A...

SGS and Savi Technology, a wholly-owned subsidiary of Lockheed Martin (NYSE: LMT), today announced an exclusive, multi-year, worldwide strategic alliance to develop, promote, market and deliver a first-of-its-kind service that will enable countries and organizations to track and monitor cargo and...

Deutsche Bank reiterates its Hold price on Lockheed Martin (NYSE: LMT) and raises its price target up $5 to $80 a share on better margins for 4Q and in-line guidance onward. Deutsche Bank says, "LMT reported 4Q EPS of $2.14, better than our/Street of $2.02/1.95. Sales were in- line (12.2B, +0.5%...

Honeywell (NYSE: HON) reported a loss in operating income of $578 million due to pension-related costs, compared to a gain of $543 million on the previous year. Stocks were down nearly 2% in pre-market trading on the news. Despite the loss, sales were up 8% for the quarter, with the company's...

The controversy behind drone attacks is not stopping the Pentagon from using unmanned vehicles, which will benefit the defense contractors that make them such as Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT). With Leon Panetta slated to announce a 30% increase in military spending on armed...

Aerospace giant Lockheed Martin (NYSE: LMT) reports fourth-quarter results before the bell today and analysts are expecting a profit of $1.94 a share on revenue of $12.3 billion. EPS estimates range from $1.82 to $2.03 while revenue estimates range from $11.99 billion to $12.55 billion. On...

Below are the top aerospace/defense products & services stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Boeing Company (The) (NYSE: BA) is $65.73 billion. BA had $9.18 billion in total cash for the latest quarter. The trailing-twelve-month revenue...

The earnings crunch rolls on this week. Among those scheduled to step into the spotlight are Apple (NASDAQ: AAPL), Caterpillar (NYSE: CAT), Chevron (NYSE: CVX), McDonald's (NYSE: MCD) and Starbucks (NASDAQ: SBUX). Analysts expect them post year-over-year earnings growth. AT&T (NYSE: T), Boeing...

Sterne Agee reiterates its Neutral rating on Lockheed (NYSE: LMT) as short term sentiment is positive and F-35B is expected to survive budget cuts. Sterne Agee says, "Today, Secretary of Defense Panetta will announce the F-35B is no longer on probation, which was put in place over one year ago by...

Friday, January 20, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. • Wall Street features architecture mostly from the Gilded Age, and some art deco styles. Benzinga's Top News General Electric (NYSE: GE) Reports...