New Contracts, Technology Enhancements, and Acquisitions Drive Growth - Research Report on GE, Deere, Lockheed Martin, PulteGroup, and Raytheon
NEW YORK, September 16, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting General Electric Company (NYSE: GE), Deere & Company (NYSE: DE), Lockheed Martin Corporation (NYSE: LMT), PulteGroup, Inc. (NYSE: PHM), and Raytheon Company (NYSE: RTN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
General Electric Company Research Report
On September 11, 2013, GE Capital Fleet Services, a division of General Electric Company (GE), announced that it is releasing technology enhancements for customers as part of a phased build up to the launch of MyFleetOffice2, GE's new fleet management platform. According to the Company, the new enhancements include advanced tools for customization, search, cost management, factory ordering, compliance, driver messaging, remarketing and data integration, administration, and communications on the web and via mobile devices. According to the Company, these enhancements are available on a limited release for select customers, and the Company will provide broader availability of its tools and platforms later in 2013. The Full Research Report on General Electric Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6f32_GE]
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Deere & Company Research Report
On September 9, 2013, Deere & Company (Deere) announced that the Company will invest approximately $40 million to build up additional capacity for manufacturing its popular 8R tractors at the Company's Montenegro, Brazil factory. According to the Company, it builds several models of tractors at the Montenegro facility, but it does not currently build one in the high horsepower range offered by the 8R, a tractor model that's an important component of farming systems currently used by highly productive farms around the world. Mark von Pentz, President, Worldwide Agriculture & Turf Division, said, "Our customers in Brazil are investing in higher horsepower tractors in the range offered by the 8R model. Our decision to manufacture the 8R in Montenegro should allow the machine to be eligible for FINAME financing - the public program that targets investment in Brazil's economic development." The Full Research Report on Deere & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2322_DE]
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Lockheed Martin Corporation Research Report
On September 11, 2013, Lockheed Martin Corporation (Lockheed Martin) announced that it has acquired Amor Group, a company that specializes in information technology solutions for the energy, transport, and public services sectors in the United Kingdom. Lockheed Martin CEO, Marillyn Hewson, said, "The strategic acquisition of Amor Group is aligned with our strategy for Lockheed Martin International and expands our capabilities and expertise in international information technology, civil government services and the energy market." However, financial terms of the transaction were not disclosed by the Company. The Full Research Report on Lockheed Martin Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5cf2_LMT]
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PulteGroup, Inc. Research Report
On September 11, 2013, PulteGroup Inc. (PulteGroup) announced that the Company's Board of Directors has approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on October 2, 2013, to shareholders of record at the close of business on September 24, 2013. The Full Research Report on PulteGroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f945_PHM]
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Raytheon Company Research Report
On September 11, 2013, Raytheon Company (Raytheon) announced that it has been awarded a $136.2 million contract by the U.S. Navy for federal FY 2013 to remanufacture, overhaul, and upgrade 19 Phalanx Close-in Weapon Systems as well as produce four SeaRAM Anti-ship Missile Defense Systems. According to the Company, Phalanx is a rapid-fire, computer controlled radar and 20 mm gun system that automatically acquires, tracks and destroys enemy threats that have penetrated all other ship defense systems. Raytheon's new contract includes a $94.8 million option for FY 2014 covering an additional 12 Phalanx and four SeaRAM systems. The Company informed that if this option is exercised, it would bring the value of the contract to a total of $231 million. Rick Nelson, Vice President of Raytheon Missile Systems' Naval and Area Mission Defense Product Line, said, "Phalanx is a vital ship self-defense system, providing the critical inner-layer of protection to sailors, Marines and ships. With SeaRAM comes a significant extension of that inner-layer battlespace and the capacity to effectively engage multiple high-performance threats. Raytheon's ability to remanufacture Phalanx equivalent to new manufacture condition -- in appearance, operation and performance -- provides a significant cost savings to our customers." The Full Research Report on Raytheon Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1d55_RTN]
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