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  • Today, 5:57 PM
    • Shares of defense giants Lockheed Martin (NYSE:LMT), Northrop Grumann (NYSE:NOC), Raytheon (NYSE:RTN) and General Dynamics (NYSE:GD) slipped in today's trade, giving back a bit of the group's strong gains enjoyed since election day: LMT -2.7%, NOC -3.8%, RTN -1.8%, GD -2.6%.
    • Cowen analysts warn that while Pres.-elect Trump's Air Force One criticism likely will not hurt Boeing, his habit of using Twitter as a bully pulpit could pose a bigger risk for LMT and NOC, which have big-ticket defense contracts.
    • "This is in line with his campaign comment that he wants to boost defense spending but feels DoD could 'buy smarter,'" Cowen says. "Presumably he won't comment on all defense contracts but will focus on high profile programs. However, given his power as president, this can have an impact on specific programs."
    • LMT's F-35 program has long been criticized for its $400B development and acquisition price tag, and NOC's B-21 bomber recently has been hit for not disclosing a fuller estimate on its cost, which analysts estimate at $50B-$80B.
    | Today, 5:57 PM | 2 Comments
  • Mon, Dec. 5, 9:13 AM
    • DARPA has awarded Raytheon (NYSE:RTN) multiple contracts to research and develop technologies that will detect and respond to cyber attacks on the U.S. power grid infrastructure.
    • The contracts, which total $9M, were awarded under the Pentagon's Rapid Attack Detection, Isolation and Characterization Systems program.
    | Mon, Dec. 5, 9:13 AM | 1 Comment
  • Thu, Dec. 1, 4:00 AM
    • The EU plans to boost its defense budget to its highest level in over a decade, setting up a €5B fund and sending a signal to Donald Trump that it intends to pay for its own security.
    • "This is not about an EU army, this is not about spending on the military instead of social security," European Commission Vice President Jyrki Katainen said. "We face multiplying threats and we must act."
    • Related tickers: LMT, RTN, GD, NOC, OA, HII, HON, UTX, ITT, TXT, LLL, COL
    | Thu, Dec. 1, 4:00 AM | 13 Comments
  • Mon, Nov. 28, 8:52 AM
    • An undisclosed member of the 13-nation group that owns the Patriot Missile Defense System has awarded Raytheon (NYSE:RTN) a $225M direct commercial sales contract for additional capability.
    • Since December 2014, the partner nations have invested more than $7.2B with Raytheon in procuring and upgrading the system.
    | Mon, Nov. 28, 8:52 AM
  • Wed, Nov. 16, 4:36 PM
    • Raytheon Company (NYSE:RTN) declares $0.7325/share quarterly dividend, in line with previous.
    • Forward yield 2.00%
    • Payable Feb. 2; for shareholders of record Jan 4; ex-div Dec. 30.
    | Wed, Nov. 16, 4:36 PM
  • Wed, Nov. 9, 5:34 AM
    • Donald Trump has called for eliminating the sequester on defense spending and initiating a military buildup, boosting troop levels and the number of ships and aircraft.
    • He seeks to fully offset the cost through "common sense reforms that eliminate government waste and budget gimmicks" and additional payments from countries where the U.S. has military bases, including Germany, Saudi Arabia and Japan.
    • Premarket movement: LMT +4.5%, RTN +1.7%, GD, BA, NOC, OA, HII, HON, UTX, OTCPK:EADSF, ITT, TXT, LLL, OTCPK:BAESY, OTCPK:FINMY, COL
    • #Election2016
    | Wed, Nov. 9, 5:34 AM | 60 Comments
  • Fri, Oct. 28, 8:52 AM
    • The Royal Air Force has awarded Raytheon (NYSE:RTN) U.K. a £131M extension of its contract to manage support services for the Sentinel surveillance aircraft program.
    • Raytheon will optimize the design, modification, configuration management and support aspects of Sentinel at its facility in Wales.
    | Fri, Oct. 28, 8:52 AM
  • Thu, Oct. 27, 7:52 AM
    • Income from continuing operations $528M, or $1.79 per share vs. $448M, or $1.47 per share in the same quarter a year ago.
    • Revenue by segment: Integrated Defense Systems -6%; Intelligence, Information and Services +1%; Missile Systems +9%; Space and Airborne Systems +10%.
    • Bookings climbed 30% to $6.9B from the prior year period.
    • Backlog at the end of Q3 was $35.8B, compared to $33.5B a year earlier.
    • Repurchased 1.4M shares of common stock for $198M during the quarter.
    • Raised outlook for 2016: EPS from continuing operations to $7.28-$7.38 (from $7.13-$7.33), on sales of $24.2B-$24.5B (from $24B-$24.5B).
    • RTN +0.5% premarket
    • Q3 results
    | Thu, Oct. 27, 7:52 AM | 2 Comments
  • Thu, Oct. 27, 6:57 AM
    • Raytheon (NYSE:RTN): Q3 EPS of $1.79 beats by $0.13.
    • Revenue of $6B (+3.8% Y/Y) misses by $40M.
    • Press Release
    | Thu, Oct. 27, 6:57 AM | 4 Comments
  • Wed, Oct. 26, 5:30 PM
  • Tue, Oct. 25, 5:36 PM
    • Lockheed Martin (NYSE:LMT) soared 7.3% in the stock's best showing in seven years, after Q3 results easily topped Wall Street estimates and the company raised its full-year outlook.
    • LMT's "outlook for 7% revenue growth next year is pretty impressive," says Bloomberg aerospace and defense analyst Douglas Rothacker. “You’d be hard-pressed to find a defense contractor generating growth like that.”
    • "The aging of equipment in allied countries, coupled with an expanding level of global security needs, are creating significant demand for our portfolio of products in multiple regions around the world," CEO Marillyn Hewson said during today's earnings conference call.
    • Overall, Hewson says LMT's biggest growth area remains the F-35 followed by missile defense; only 10 F-35s were produced in Q3 vs. 12 for the year-ago quarter, which management attributes to a problem with the insulation in the plane's fuel lines and fuel tanks, and the subsequent fix.
    • Other defense stocks rose today on the back of LMT's positive results; NOC +1.4% and RTN +1.5% are due to report quarterly results later this week.
    | Tue, Oct. 25, 5:36 PM | 12 Comments
  • Thu, Sep. 29, 8:39 AM
    • Raytheon (NYSE:RTN) has been awarded a $98M contract by the U.S. Navy's Space and Naval Warfare Systems Center for cyberspace science, research, engineering and technology integration.
    • The company is one of seven awardees of the multi-award indefinite quantity-indefinite delivery contract.
    | Thu, Sep. 29, 8:39 AM | 1 Comment
  • Tue, Sep. 27, 9:44 AM
    • Raytheon (RTN +0.2%) has awarded CPI Aero (CVU) a contract valued at approximately $2.7M to manufacture air management system door and duct assemblies.
    • It will be used for the Engineering and Manufacturing Development phase of the company's Next Generation Jammer Increment 1 Pod.
    | Tue, Sep. 27, 9:44 AM
  • Thu, Sep. 22, 5:01 PM
    • Imperva (NYSE:IMPVdisclosed previously it had retained Qatalyst Partners to review strategic alternatives subsequent reports the company was considering a potential sale.
    • Talk now circulating has IBM, Cisco and possibly others looking to make a move.
    • Update (9/23 4:07PM ET): Bloomberg reported the above-mentioned names as having expressed interest in addition to Forcepoint (NYSE:RTN) and Akamai Technologies (NASDAQ:AKAM). Though no deals materialized today, Imperva shares are nonetheless holding a 20%+ upswing on the report into the weekend.
    | Thu, Sep. 22, 5:01 PM | 6 Comments
  • Thu, Sep. 22, 4:20 PM
    • Raytheon Company (NYSE:RTN) declares $0.7325/share quarterly dividend, in line with previous.
    • Forward yield 2.10%
    • Payable Nov. 10; for shareholders of record Oct. 5; ex-div Oct. 3.
    | Thu, Sep. 22, 4:20 PM
  • Tue, Sep. 13, 5:06 PM
    • Boeing (NYSE:BA) and Saab (OTC:SAABF) today unveiled their entry into the U.S. Air Force's $11B competition for a new jet to train fighter and bomber pilots, with the company’s St. Louis hub operations on the line.
    • The Boeing-Saab bid faces a fight with Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC) and Raytheon (NYSE:RTN) for the contract to produce 351 jets through the T-X advanced trainer program, and the winning entry will replace the aging T-38 fleet on which U.S. military pilots have honed their flying skills since 1961.
    • The Air Force is not expected to release its final criteria until December, picking a winner next year who would begin production in fiscal 2018, and the new trainer is not spected to begin preparing a new generation of pilots for combat for another eight years.
    | Tue, Sep. 13, 5:06 PM | 13 Comments