Aerospace & Defense

Lockheed Martin (NYSE: LMT) received two contracts totaling $30.6 million from the Naval Surface Warfare Center for the Target Sight System, the fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter. These contracts will provide spare units and parts as well as program...

The Aeronautics business area of Lockheed Martin (NYSE: LMT) has entered a U.S. Department of Defense (DoD) Mentor-Protege Agreement with Sciaky, Inc., of Chicago, Ill. Sciaky is a Service-Disabled Veteran-Owned Small Business supplier and industry leader in technologies for Electron Beam Direct...

On CNBC's Fast Money, JJ Kinahan said that he is a buyer of General Electric Company (NYSE: GE). He explained that the stock bounced twice when it got close to its current price level. General Electric Company (GE) lost 1.64% today, and it closed at $14.99. Mike Khouw is a seller of call options...

The Super Committee announced yesterday that it failed to reach an agreement on spending cuts that would reduce the United States' budget deficit. As a result, $600 billion in automatic spending cuts from the defense budget are poised to take place starting 2013, unless the congress ends up...

L-3 Communications Holdings, Inc. (NYSE: LLL) announced today that L-3 Communications Corporation, its wholly owned subsidiary, has initiated a redemption of $500,000,000 aggregate principal amount of its 6⅜% Senior Subordinated Notes due in 2015. Following the partial redemption of the Notes, $500...

Lockheed Martin (NYSE: LMT) announced today that it has submitted its final proposal revision for the Ground-based Midcourse Defense Development and Sustainment Contract. The Lockheed Martin-Raytheon GMD team delivered its final offer to the U.S. Missile Defense Agency's GMD Joint Program Office in...

L-3 Communications Holdings, Inc. (NYSE: LLL) announced today that L-3 Communications Corporation, its wholly owned subsidiary, has priced an offering of $500 million of 3.95% Senior Notes due November 15, 2016. The notes are being offered in a registered offering pursuant to Rule 415 under the...

L-3 Communications Holdings, Inc. (NYSE: LLL) announced today that it has adjusted the conversion rate for its 3% Convertible Contingent Debt Securities due 2035 in connection with the regular quarterly dividends of $0.45 per share of the Company's Common Stock paid on each of June 15, 2011 and...

Piper Jaffray is out with a research report on Hollysys Automation (NASDAQ: HOLI) and it is upgrading shares to Overweight with an $11 price target on shares. In the note, Piper Jaffray writes, "We are upgrading HOLI to Overweight, citing a proprietary model that projects a ramp in China's high...

Lockheed Martin (NYSE: LMT) Aerospace has awarded Vision Systems International (VSI) two additional phases in the development of the helmet mounted display system (HMDS) on the F-35. The contract will enable VSI to enhance the F-35 HMDS currently in production for the 5th generation Lightning II...

Lockheed Martin (NYSE: LMT) Aerospace has awarded Vision Systems International two additional phases in the development of the helmet mounted display system on the F-35.   The contract will enable VSI to enhance the F-35 HMDS currently in production for the 5th generation Lightning II Joint Strike...

According to Oppenheimer, LMI Aerospace (NASDAQ: LMIA) price target is raised to $24. Oppenheimer said that a combination of execution hiccups, program wind-downs, and delivery deferrals caused LMIA to miss 3Q11 estimates and snip its prior 2011 guidance. “With shares at ~10x FY12 earnings, we...

Oppenheimer has raised the price target on LMI Aerospace (NASDAQ: LMIA) from $22 to $24 and maintains its Outperform rating.

Deutsche Bank has raised the price target on LMI Aerospace (NASDAQ: LMIA) from $20 to $21 and maintains its Hold rating.

Rockwell Automation Inc (NYSE: ROK) reported a 53.7% surge in its fourth-quarter profit. Rockwell Automation's quarterly net income climbed to $201.8 million, or $1.39 per share, from $131.3 million, or $0.91 per share, in the year-ago period. However, analysts were expecting earnings of $1.21 per...