Tue, May 19, 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.
Tue, Jan. 13, 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. | 5 Comments
Sep. 16, 2012, 4:27 AMBoeing (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. | 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). | Comment!
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. | Comment!
Dec. 13, 2011, 10:42 AMA 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." | Comment!
Sep. 21, 2011, 1:52 PMRBC 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. | Comment!
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). | Comment!
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Boeing Co, together with its subsidiariesdesigns, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.
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