Scott Sacknoff's  Instablog

Scott Sacknoff
Send Message
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
My company:
SPADE Indexes
My blog:
The SPADE Investor
  • 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: 

    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.


    Stocks: PPA, NOC, TXT, BA, RTN, CACI
Back To Scott Sacknoff's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.