Sun, Apr. 3, 3:29 AM
- The fleet implications of the rumored Alaska Air (NYSE:ALK) buyout of Virgin America (NASDAQ:VA) are "enormous," WSJ reporter John Ostrower writes.
- Boeing (NYSE:BA) prides itself on its partners, including ALK, which flies only Boeings on its mainline subsidiary. With Virgin - an all-Airbus (OTCPK:EADSF) customer - Alaska Air could suddenly become an operator of Boeing, Airbus, Embraer (NYSE:ERJ) & Bombardier (OTCQX:BDRBF) aircraft. Or it might look to shed its non-Boeing jets and consolidate.
- Alaska already has 30 aircraft on order from Embraer for its regional operations. Virgin, meanwhile, operates 60 Airbus jets, with another 40 on order.
- Now read Boeing And Airbus: The Order Battle »
Oct. 12, 2015, 7:23 AM| Oct. 12, 2015, 7:23 AM
Sep. 8, 2015, 6:53 PM
- Aerojet Rocketdyne Holdings (NYSE:AJRD) has submitted a $2B offer to buy United Launch Alliance, a 50-50 joint venture of Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA), Dow Jones reports.
- The two sides are in advanced talks about a deal, and an announcement could come as early as the first part of next week, according to the report.
- The two companies might welcome the bid, according to a source cited in the report, given increased competition from SpaceX which is likely to cut into ULA's revenues and earnings in coming years.
Jul. 14, 2015, 2:25 AM
- FedEx (NYSE:FDX) is in talks to buy at least 25 more 767 freighters from Boeing (NYSE:BA) for about $5B, Bloomberg reports, stating the shipping company's directors met in Seattle over the weekend to discuss the deal.
- "We constantly work on aligning our fleet plans with our business needs," FedEx spokesman Jim McCluskey said by e-mail.
- Marc Birtel, a Boeing spokesman, said the Chicago-based planemaker had no comment.
- Previously: FedEx close to placing mega Boeing order (Jul. 08 2015)
Jul. 8, 2015, 6:43 PM
- Lockheed Martin (NYSE:LMT) and Textron (NYSE:TXT) have emerged as final contenders to buy United Technologies' (NYSE:UTX) Sikorsky Aircraft unit, which could be valued at ~$8B, Reuters reports.
- UTX reportedly is weighing offers from the two companies and may come to a decision by the end of the month, but it still could decide against an outright sale and instead spin off Sikorsky to shareholders in a tax-free deal.
- TXT, whose ~$12B market cap is only one fifth the size of LMT's $60B, is said to have reached out to P-E firms to put together a cash bid.
- Boeing (NYSE:BA), which had expressed interest in a potential deal, is no longer active in the sale process, and Airbus (OTCPK:EADSF, OTCPK:EADSY) is not in the running, according to the report.
- UTX +1.5% AH.
Jun. 10, 2015, 2:38 AM
- After receiving several offers, United Technologies' (NYSE:UTX) board of directors is scheduled to meet later this week to review the options for its $8B Sikorsky aircraft business.
- UTC is considering two tax-efficient transactions for Sikorsky: a spin-off or combination with peer Textron (NYSE:TXT).
- Alternatively, Sikorsky may be sold outright to another company. Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA) and Airbus (OTCPK:EADSY) have all expressed interest.
May 19, 2015, 6:51 PM
- United Technologies (NYSE:UTX) is talking to potential buyers for its Sikorsky Aircraft business, WSJ reports, raising the prospect that a spinoff could turn into a sale.
- Boeing (NYSE:BA), Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT) reportedly are among the companies exploring bids or a potential minority stake in the helicopter maker.
- Analysts estimate Sikorsky could fetch ~$10B in a full sale.
Jan. 13, 2015, 12:38 AM
- Symantec (NASDAQ:SYMC) is hiring 65 engineers and data scientists, and is licensing IP, from Boeing's (NYSE:BA) Narus cybersecurity analytics software unit. Terms are undisclosed.
- Narus' technology relies on algorithms and data fusion techniques to analyze large volumes of Web traffic, and filter suspect material. The company was the subject of a 2006 class-action suit alleging AT&T used its products to support the NSA's warrantless wiretap program.
- The purchase comes as corporate interest in cybersecurity continues to surge in response to high-profile breaches - Pres. Obama will outline his cybersecurity proposals later this week - and as Symantec tries to better compete against a slew of smaller, faster-growing security tech firms offering some mixture of hardware, software, and services to protect against external threats.
Apr. 3, 2014, 5:26 PM
- Mercury Systems (MRCY) +8.6% AH on a Reuters report that says Boeing (BA) is considering buying the supplier of digital signal and image processing systems to the aerospace and defense industry.
- A Boeing acquisition of one of its suppliers would allow it to save costs and increase its footprint in commercial aerospace components, and would allow it to gain access to MRCY's microprocessor business, which can be used on unmanned aerial vehicles.
- MRCY is said to be seeking ~$500M in a sale.
Oct. 11, 2012, 10:15 AMWith defense budgets being slashed around the world, the collapse of the BAE's $45B merger with EADS will put the focus on possible deals between tier-two firms such as Rockwell Collins (COL), L-3 Communications (LLL), SAIC (SAI) and Harris (HRS), industry execs and bankers tell Reuters. Much could depend on whether Congress averts the automatic defense cuts that are due from Jan 1. | Oct. 11, 2012, 10:15 AM | 5 Comments
Sep. 16, 2012, 4:27 AM
Boeing (BA), Northrop Grumman (NOC) and other major U.S. aerospace and defense companies are weighing their responses to EADS's proposed merger with BAE Systems, the WSJ reports. Options include opposing the tie-up or trying to forge their own deals, although companies are unlikely to make immediate moves.| Sep. 16, 2012, 4:27 AM | 1 Comment
Sep. 13, 2012, 10:18 AMEADS's merger talks with BAE come as defense budgets are being slashed, and executives and U.S. government officials expect further consolidation in the industry, particularly among smaller and medium-sized players. It might even involve the bigger players: the WSJ speculates that Boeing (BA) could rekindle talks with BAE or carry out a long-rumored tie-up with Northrop Grumman (NOC). | Sep. 13, 2012, 10:18 AM
Mar. 23, 2012, 2:26 PMEsterline Technologies (ESL +8.8%) shares jump after the Daily Mail speculates the company may be a takeover target for BAE Systems (BAESY.PK), Boeing (BA) or Lockheed Martin (LMT), and that one of them is about to begin a bid of more than $95/share. ESL is a parts supplier for the aerospace and defense industry, and is considered among the most undervalued stocks in the sector. | Mar. 23, 2012, 2:26 PM
Dec. 13, 2011, 10:42 AM
A press conference in Dallas with execs from Boeing (BA +2.2%) and Southwest Airlines (LUV +0.9%) over their blockbuster 737 MAX deal just concluded as the firms keep the LUV-fest between the two firms percolating. Highlights from Southwest CEO Gary Kelly: "One of the main challenges we face are high fuel costs and we are very much in need of new technology to reduce the fuel burn...for the near term we are not changing our fleet strategy...we will have flexibility in the future to manage our retirements and options that we can grow our fleet."| Dec. 13, 2011, 10:42 AM
Sep. 21, 2011, 1:52 PM
RBC Capital's Robert Stallard says a Goodrich (GR -1.1%)-United Technologies (UTX +0.7%) merger is a win for investors on both sides of the deal. GR's aerospace product line could help boost UTX, still smarting from a miss on Boeing's (BA -1.7%) 737 upgrade. According to sources, the two firms are down to a $5 gap on the final purchase price.| Sep. 21, 2011, 1:52 PM
Jul. 18, 2011, 7:15 AMAmerican Airlines (AMR) has let Airbus (EADSF.PK) back into negotiations for a large contract on up to 250 narrowbody airplanes. By playing off orders for Airbus' redesigned A320 against Boeing's (BA) new 737s, the firm hopes to save up to $20B as it looks towards expansion and a rumored bid for US Airways (LCC). | Jul. 18, 2011, 7:15 AM