Aerospace & Defense

Analysts at JP Morgan downgraded Johnson Controls Inc (NYSE: JCI) from “overweight” to “neutral.” JCI's shares closed at $32.46 yesterday. Johnson Controls' trailing-twelve-month ROA is 4.48%. Morgan Stanley downgraded Procter & Gamble Co (NYSE: PG) from “overweight” to “equal-weight.” PG's...

Bank of America has downgraded Lockheed Martin (NYSE: LMT) from Neutral to Underperform with an $83 price objective.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 17, 2012: ConAgra Foods Agrees to Acquire Del Monte Canada The Deal:ConAgra Foods (NYSE: CAG) announced Tuesday that it has agreed to acquire Toronto-based Del Monte Canada Inc., a leading...

Lockheed Martin (NYSE: LMT) today announced the acquisition of Procerus Technologies, a company specializing in autopilot and other avionics for micro unmanned aerial systems. The terms of the agreement were not disclosed, but are not material to Lockheed Martin's results.

Lockheed Martin (NYSE: LMT), as prime contractor leading a consortium of five major defense contractors, has been awarded a follow-on contract with an estimated value of $980M to continue work on the Command, Control, Battle Management and Communications program for the Missile Defense Agency. The...

Tuesday, January 10, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. • Wall Street may also have been named after Walloons because Waal may be a shortening for Walloons. Benzinga's Top News Bank of America...

According to Deutsche Bank, L-3 Communications (NYSE: LLL) is upgraded to Buy. Deutsche Bank said that the likely absence of incremental new negative information in defense spending could be an opportunity to look Following the 21% decline in LLL shares over the past 6 months (vs. -5% for the S...

Deutsche Bank has upgraded L-3 Communications (NYSE: LLL) from Hold to Buy.

The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) a $24 million contract to upgrade weapons systems trainers used in the C-130 Aircrew Training System II. The C-130 ATS II program provides a comprehensive academic and simulation training program for C-130 aircrews worldwide. The visual...

JP Morgan has downgraded Lockheed Martin (NYSE: LMT) from Overweight to Neutral and has raised the price target from $76 to $80 in a research report out today. In the report, JP Morgan writes, "LMT had a banner year in 2011,returning 21% compared to only 1% for the other defense primes on...

The LONGBOW Limited Liability Company, a joint venture of Lockheed Martin (NYSE: LMT) and Northrop Grumman Corporation (NYSE: NOC), received a $181 million contract from the U.S. Army for AH-64D Apache Block III LONGBOW systems.

RBC Capital Markets has downgraded Lockheed Martin (NYSE: LMT) to Underperform.

Wednesday, January 4, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. • The longest period in which the exchange was closed occurred during WW1, when the NYSE was closed for four and a half months starting July 31st...

JP Morgan has downgraded Lockheed Martin (NYSE: LMT) from Overweight to Neutral and has raised the price target from $76 to $80.

Lockheed Martin (NYSE: LMT) received an undefinitized contract totaling $1.96 billion to produce the Terminal High Altitude Area Defense Weapon System for the Missile Defense Agency and the United Arab Emirates. The contract is the first Foreign Military Sale of the THAAD Weapon System and...