Aerospace & Defense

The Boeing (NYSE: BA) Company's board of directors has approved the launch of the new engine variant of the market-leading 737, based on order commitments for 496 airplanes from five airlines and a strong business case.

Sparton Corporation (NYSE: SPA) announces that its Board of Directors unanimously approved on August 24, 2011 the repurchase of up to $3 million of its common stock. The authorized repurchases will be made from time to time in either the open market or through privately negotiated transactions. T...

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) announced today that its SATCOM Solutions business unit has been awarded $6 million in contracts to provide satellite communications products, satellite ground systems, network infrastructure products and on-going services. The contract...

Alliant Techsystems (NYSE: ATK) today celebrated the grand opening of its new Aircraft Commercial Center of Excellence facility in Clearfield, Utah – less than one year after the announcement of the expansion. The facility serves as the headquarters for ATK's commercial aircraft programs and...

Northrop Grumman Corporation (NYSE: NOC) has received an indefinite delivery, indefinite quantity award from the U.S. Army to provide force protection systems and components in theater and the continental United States.

Cubic Defense Applications, the defense systems business of Cubic Corporation (NYSE: CUB), announced today that it has received the first production order for its Tactical Vehicle System , used in combat training scenarios. The $13 million task order was issued by the U.S. Army's Program Executive...

Boeing (NYSE: BA) received certification for the all-new 787 Dreamliner from the U.S. Federal Aviation Administration and the European Aviation Safety Agency during a ceremony at the company's Everett, Wash., facility. FAA Administrator Randy Babbitt presented the U.S. Type Certificate, which...

The U.S. Air Force Research Laboratory Munitions Directorate and Lockheed Martin (NYSE: LMT) have signed a five-year cooperative research and development agreement to assess the viability of its cooled tri-mode seeker for integration onto Air Force weapon platforms. Lockheed Martin and AFRL will...

Wedbush is out with its report today on HEICO (NYSE: HEI), raising its PT to $57 from $55. In its report, Wedbush writes, "We are raising our price target to $57 from $55. Our price target is based on a 28x EPS multiple, a 13x EBITDA multiple, and a 3.0x sales multiple, all applied to our NTM...

Wedbush Securities has raised the price target on HEICO Corporation (NYSE: HEI) from $55 to $57 and maintains its Outperform rating.

The U.S. Army TACOM Life Cycle Management Command has awarded a USD $49.2 million contract to General Dynamics Land Systems-Canada for training and field service support for Light Armored Vehicles previously supplied under a Foreign Military Sale contract. General Dynamics Land Systems, the...

Lockheed Martin's (NYSE: LMT) IS&GS-Defense product line will provide a host of new enterprise architecture services to the U.S. Army under a recent $26.1 million contract. Under the ITES-2 indefinite-delivery-indefinite-quantity contracting vehicle, Lockheed Martin will provide operational...

Citi is out with its report today on Goodrich (NYSE: GR), reiterating Buy. In its report, Citi writes, "We are reiterating our Buy Rating and $118 target price on shares of Goodrich after spending two days with the company's CFO on the road meeting with investors. In a nutshell, the longer-term...

UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by Jiangsu Haili Chemical Industry Co., Ltd. to provide key technologies to produce propylene, cumene and phenol at its facility in Dafeng City, Jiangsu Province, China. The facility will use UOP C3 Oleflex™...

Astronics Corporation (NASDAQ: ATRO) today announced that its wholly owned subsidiary, Astronics DME Corporation, was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract to provide LED airfield lighting for the U.S. Air Force, with a maximum value of $7.4 million. The five-year...