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Scott Sacknoff
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SPADE Indexes develops and manages sector, theme, and regional indexes used as the basis for investment products including exchange traded funds. Included among these is the SPADE Defense Index (NYSEarca: DXS), a benchmark for companies involved with defense, security, and space. The index... More
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  • Some positive news coming from the the defense sector 0 comments
    Nov 9, 2011 10:14 AM | about stocks: PPA, NOC, TXT, BA, RTN, CACI

    While preparing our latest newsletter, I came across some positive news from several companies: 

    CACI (NYSE: CACI)
    In its quarterly report, the firm raised its guidance for FY-2012 based on continued strength in operating performance; the addition of acquisitions in the cyber and business systems area, and a large commercial product sale.  “Our record performance provides a solid foundation and strong momentum for the rest of the fiscal year and beyond.”

    Raytheon (NYSE: RTN)
    Raytheon announced that bookings in the quarter were up 14% to $6.9 billion from $6.04 billion a year earlier; shifting backlog upward to almost $35 billion.  Its margin of 13% is also the highest in a decade.  The firm plans to boost revenue via acquisitions and targeted international sales.

    Boeng (NYSE: BA)
    Boeing reported a 31% increase in 3Q profit as it delivered more commercial planes and boosted operated margins. 

    Textron (NYSE: TXT)
    Its Bell Helicopters division announced plans to build a $240 million expansion of its facility in Fort Worth, Texas.

    Northrop Grumman (NYSE: NOC)
    Aannounced 150 job openings for engineers and other workers in San Diego.

     

    Themes: defense, aerospace, Powershares Stocks: PPA, NOC, TXT, BA, RTN, CACI
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