Fri, Nov. 27, 2:39 PM
Thu, Nov. 26, 5:03 AM
- President Obama has signed a sweeping defense policy bill into law despite provisions that make it harder to close the Guantanamo Bay military prison.
- The legislation authorizes $607B in annual defense spending and "includes vital benefits for military personnel, facilitates ongoing operations around the globe, and important reforms to the military retirement system."
- Related tickers: GD, BA, NOC, LMT, RTN, OA, HII, HON, UTX, ITT, TXT, LLL, COL
Mon, Nov. 16, 10:33 AM
- Aerospace and defense shares are on the rise after calls to increase efforts to crush ISIS, the terrorist group responsible for Friday's attacks in France.
- Previously: World leaders wrap up G20 summit (Nov. 16 2015)
- Previously: French warplanes strike Islamic State targets in Syria (Nov. 15 2015)
- Related tickers: General Dynamics (GD +0.6%), Boeing (BA +0.2%), Northrop Grumman (NOC +3.2%), Lockheed Martin (LMT +2.5%), Raytheon (RTN +2.4%), Orbital ATK (OA +3.8%), Rolls-Royce (OTCPK:RYCEY +2.2%), Huntington Ingalls (HII +1.1%), Honeywell (HON +0.9%), United Technologies (UTX +0.4%), Airbus (OTCPK:EADSF), ITT (ITT +0.6%), Textron (TXT +1.7%), L-3 Communications (LLL +2.3%), BAE Systems (OTCPK:BAESY +2%), Finmeccanica (OTCPK:FINMY), Rockwell Collins (COL +1.7%).
Thu, Nov. 12, 10:55 AM| Thu, Nov. 12, 10:55 AM | 2 Comments
Thu, Nov. 5, 5:05 PM
- Boeing (NYSE:BA) says its bid to fly cargo to the International Space Station has been eliminated from NASA’s competition.
- Boeing was offering an unmanned version of its Starliner CST-100 space taxi, under development as part of a separate NASA program to transport crew and cargo to the space station.
- Orbital ATK (NYSE:OA) and Elon Musk's privately owned SpaceX currently hold station cargo delivery contracts worth more than $3.5B; OA confirms it remains in the running for a follow-on contract.
Mon, Nov. 2, 12:20 PM
Thu, Oct. 29, 11:00 AM
Wed, Oct. 28, 11:44 AM
- Orbital ATK (OA +1.1%) has received an award totaling $426M for first article test and production of FMU-139D/B fuzes and fuze accessories.
- According to a press release, "the all-electronic FMU-139D/B will deliver game changing capabilities in the areas of reliability, increased fuze functionality, and ...defeat hard and deeply buried targets."
- Source: Press Release
Tue, Oct. 27, 8:45 AM
- Net income of $80M, or $1.35 per diluted share vs. $69M, or $1.15 per diluted share in the same period a year ago.
- Revenue by segment: Flight Systems -11.4%; Defense Systems -7%; Space Systems +31.9%.
- Repurchased about $36M worth of stock and paid dividends of approximately $15M during the quarter.
- Contract bookings of $2.8B; Firm backlog of $8.7B and total backlog of $13.8B.
- The company now expects full-year diluted EPS of $4.75-$4.85 on revenues of $4.45B-$4.5B. Prior guidance was FY15 EPS of $4.60-$4.80 on revenues of $4.425B-$4.5B.
- Q3 results
Tue, Oct. 27, 6:06 AM
Mon, Oct. 19, 9:56 AM
- Orbital ATK (OA -0.7%) has successfully completed the final validation and testing for its new clean air Ramjet Test Facility at the Allegany Ballistics Laboratory in West Virginia.
- The facility is one of few in the U.S. with a clear-air testing environment for flying trajectories on the stand with real-time, variable mass flow-rate and temperature.
Mon, Oct. 12, 9:07 AM
Thu, Oct. 8, 10:26 AM
- The new 120mm Advanced Multi-Purpose tank ammunition will provide Abrams Main Battle Tank crews a multi-purpose round that replaces four existing munitions.
- The round will also provide crews an added capability to breach reinforced walls, and engage anti-tank crews, while dismounting at ranges of up to 2K meters.
Fri, Sep. 25, 10:58 AM
- Aerojet Rocketdyne (AJRD -1.5%) is considering raising its $2B offer for United Launch Alliance, a rocket launch venture of Boeing (BA +0.4%) and Lockheed Martin (LMT -0.3%), but faces big hurdles after a rejection of the bid last week, Reuters reports.
- AJRD faces an uphill climb given growing tensions between the two companies over the past few years, according to the report; earlier this week, ULA dumped AJRD as its solid rocket motor supplier and signed a long-term deal with its rival Orbital ATK (OA -0.5%).
- An AJRD takeover of ULA also would require Russia to give its regulatory approval and transfer a technology license for use of the Russian RD-180 engine that powers ULA's Atlas V rocket, the report says.
- Analysts have questioned how AJRD could raise the money for the deal, and even whether is worth $2B given the changing space market.
Fri, Sep. 25, 7:35 AM
- Aerojet Rocketdyne (NYSE:AJRD) will pay Orbital-ATK (NYSE:OA) $50M to settle a dispute stemming from the Antares rocket launch accident last year that destroyed a load of cargo bound for the ISS.
- The company also said it would take title to 10 AJ-26 rocket engines previously earmarked for Orbital. The settlement formally ends Aerojet's involvement in the Antares rocket program.
- Previously: Orbital Sciences unmanned rocket blows up on liftoff (Oct. 28 2014)
Tue, Sep. 22, 7:55 PM
- United Launch Alliance -- the joint rocket venture of Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) -- has chosen Orbital ATK (NYSE:OA) to provide solid rocket motors for the Atlas V and Vulcan vehicles, in a "long-term strategic partnership" starting in 2019.
- That's a setback for Aerojet Rocketdyne (NYSE:AJRD), who's supplying those motors for the Atlas rocket currently.
- "We remain committed to our solid rocket business which provides very competitive and reliable products to the marketplace," says Aerojet's Glenn Mahone, who added the company would keep supplying to ULA until 2019 and pursue an Air Force ICBM contract as well as commercial orders.
- If Aerojet loses more orders, it would need to re-evaluate the large Sacramento facility where it builds the motors.
- Boeing this week also rejected Aerojet's $2B bid for ULA.
Orbital ATK Inc designs, builds & delivers space, defense & aviation-related systems as a contractor & as a merchant supplier. Its main products include launch vehicles & related propulsion systems; satellites & associated components & services; & others.
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