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UPDATE: Boeing, Delta Air Lines Announce Order for 100 Next-Generation 737-900ERs Valued at $8.5B
Thursday, August 25, 2011 - 7:17am | 60Boeing (NYSE: BA) and Delta Air Lines (NYSE: DAL) today announced an order for 100 Next-Generation 737-900ER (extended range) airplanes. The order, with a list-price value of more than $8.5 billion, is part of Delta's fleet renewal effort to replace its less efficient domestic airplanes.
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Kratos Receives $5.4M in Contract Awards From Department of Defense Customer
Thursday, August 25, 2011 - 6:01am | 36Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) announced today that it has received $5.4 million in contract awards from a Department of Defense customer for its Quadcon container product.
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The Gold Rush Is Over For Now, However, It Will Be Back
Wednesday, August 24, 2011 - 3:00pm | 545Anyone one that knows anything about the ebb and flow of the markets knows that gold was severely overbought. Therefore, it is simply time for gold to pullback or even have a meaningful correction at this time. After all, gold has outperformed every asset class over the past 10 years. In 2001, gold...
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Investor FAQs and Facts for BioSante Pharmaceuticals, Inc
Wednesday, August 24, 2011 - 11:27am | 1579POINT ROBERTS, August 24, 2001 - www.InvestorIdeas.com, a global investor research portal for independent investors features an investor FAQ and Fact Sheet for specialty pharmaceutical company, BioSante Pharmaceuticals, Inc: (NASDAQ: BPAX). BioSante's (NASDAQ: BPAX) stock has built a significant...
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L-3 Selected to Provide Enhanced Displays for Apache Helicopter
Wednesday, August 24, 2011 - 11:22am | 72L-3 Communications (NYSE: LLL) announced today that its Display Systems unit has received a competitively-awarded firm-fixed price contract from Lockheed Martin to develop a new 5-x-5-inch color Active Matrix Liquid Crystal Display assembly for the U.S. Army's AH-64D Apache helicopter. L-3 has...
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CPI Aero Announces New C-5 Order Valued at $1.24M
Wednesday, August 24, 2011 - 7:46am | 45CPI Aerostructures, Inc. (NYSE: CVU) today announced that it has received a $1.24 million purchase order from the United States Air Force for structural assemblies for the C-5B/M aircraft. Deliveries are scheduled to commence in mid-2012.
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Lockheed Martin Introduces Virtual Capability That Connects Interpreters With Battlefield Troops
Wednesday, August 24, 2011 - 5:38am | 72Deployed U.S. and international forces battling language barriers will now be able to instantly connect to a pool of highly qualified interpretation services through a real-time, virtual capability developed by Lockheed Martin (NYSE: LMT). Tailored to meet the exponential demand for qualified...
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Earnings Scheduled For August 24
Wednesday, August 24, 2011 - 3:14am | 362Applied Materials Inc (NASDAQ: AMAT) is expected to report its Q3 EPS at $0.33 on revenue of $2.68 billion. Collective Brands Inc (NYSE: PSS) is projected to report its Q2 EPS at $0.14 on revenue of $868.02 million. American Eagle Outfitters Inc (NYSE: AEO) is estimated to report its Q2 EPS at $0...
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Stifel Nicolaus Maintains Buy on HEICO
Tuesday, August 23, 2011 - 8:28am | 82Stifel Nicolaus is out with its report today on HEICO (NYSE: HEI), maintaining Buy. In its report, Stifel Nicolaus writes, "We maintain our Buy rating on HEI shares and $64 target price. Our target is based on a multiple of about 14.5x F2011E EBITDA, somewhat higher than peers. The multiple on...
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UPDATE: Wedbush Downgrades Rockwell Collins To Neutral
Tuesday, August 23, 2011 - 7:59am | 77According to Wedbush, Rockwell Collins (NYSE: COL) is downgraded to Neutral. Wedbush said that it is reducing its rating on Rockwell Collins from OUTPERFORM to NEUTRAL and lowering the price target to $53 from $72. “Our $53 price target for COL is based on the average of a 1.8x sales multiple, a...
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UPDATE: Wedbush Upgrades Heico To Outperform
Tuesday, August 23, 2011 - 7:55am | 87According to Wedbush, Heico (NYSE: HEI) is upgraded to Outperform. Wedbush said that it is upgrading the share of HEICO from NEUTRAL to OUTPERFORM, and raising the price target from $51 to $55. “We believe HEICO represents a relatively lower risk opportunity, but with still strong fundamentals and...
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TransDigm Group Authorizes New Share Repurchase Program of up $100M
Tuesday, August 23, 2011 - 7:48am | 53TransDigm Group Incorporated (NYSE: TDG) announced today that its Board of Directors has authorized the repurchase of up to $100 million of the Company's common stock. The new program replaces the repurchase program announced on October 23, 2008, under which the Company previously repurchased $15...
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Benzinga's Top Downgrades
Tuesday, August 23, 2011 - 7:07am | 118Collins Stewart downgraded Suntech Power Holdings Co Ltd (NYSE: STP) from “neutral” to “sell.” STP's shares closed at $5.07 yesterday. STP's trailing-twelve-month ROA is 3.87%. Lincare Holdings Inc (NASDAQ: LNCR) was downgraded by Citigroup from "buy" to "hold." LNCR's shares closed at $20.22...
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Lockheed Martin Announces Increase of $1 Billion to Existing Share Repurchase Authority
Tuesday, August 23, 2011 - 7:01am | 128Lockheed Martin Corporation (NYSE: LMT) announced that its Board of Directors has approved an interim increase to the amount available under the share repurchase program of up to $1 billion. The new authorization increases the current share repurchase program initiated in October 2010, which is...
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Wedbush Upgrades HEICO To Outperform, Raises PT To $55
Tuesday, August 23, 2011 - 6:53am | 27Wedbush Securities has upgraded HEICO (NYSE: HEI) from Neutral to Outperform and has raised the price target from $51 to $55.