Announcements of New Contracts, and Strong Results Driven by Operational Excellence & Advanced Technology - Research Report on Boeing, Lockheed Martin, Raytheon, Northrop Grumman, and General Dynamics
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NEW YORK, August 12, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting The Boeing Company (NYSE: BA), Lockheed Martin Corporation (NYSE: LMT), Raytheon Company (NYSE: RTN), Northrop Grumman Corporation (NYSE: NOC), and General Dynamics Corporation (NYSE: GD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
The Boeing Company Research Report
On July 24, 2013, The Boeing Company (Boeing) reported its Q2 2013 financial results. Total revenues increased 9.0% YoY to $21.8 billion. GAAP net earnings were $1.1 billion or $1.41 per diluted share in Q2 2013 compared to net earnings of $967 million or $1.27 per diluted share in Q2 2012. Commenting on the results, Boeing Chairman, President, and Chief Executive Officer Jim McNerney, said, "Continued strong core operating performance drove higher earnings, revenue and operating cash flow during the quarter, and we returned significant value to shareholders through share repurchases and increased dividends. We also further strengthened our market-leading position in commercial airplanes with the successful launch of the 787-10 and $40 billion of new orders, while our defense, space and security business delivered improved margins and market share in a tough market." The Company also revised its full-year 2013 core EPS guidance to range between $6.20 and $6.40, up from the previous guidance range of $6.10 and $6.30; and GAAP EPS to be between $5.10 and $5.30, up from the previous guidance of $5.10 and $5.30 range. The Full Research Report on The Boeing Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/BA]
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Lockheed Martin Corporation Research Report
On August 5, 2013, Lockheed Martin Corporation (Lockheed Martin) announced that the U.S. Department of Interior (DOI) selected the Company to aid the agency in transitioning to the cloud through information technology (IT) service delivery solutions. According to Lockheed Martin, under the Foundation Cloud Hosting Services contract, DOI data and applications currently housed in more than 400 data centers, rooms, and closets will be moved to the cloud to increase efficiency and meet the Federal Data Center Consolidation Initiative. The Company reported that the indefinite delivery/indefinite quantity contract is valued up to $1 billion, with options that extend through 2023.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.investorsreports.com/report/2013-08-07/LMT]
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Raytheon Company Research Report
On July 25, 2013, Raytheon Company (Raytheon) reported its Q2 2013 financial results. Net sales increased 2.1% YoY to $6.1 billion. Net income attributable to Raytheon was $488 million or $1.50 per diluted share in Q2 2013 compared to $472 million or $1.41 per diluted share in Q2 2012. Commenting on the results, William H. Swanson, Raytheon's Chairman and Chief Executive Officer, said, "Our world class technology and innovation have positioned us well to meet the global security needs of our customers, and strong program execution drove solid operating performance in the second quarter." The Company also increased its full-year 2013 adjusted EPS guidance to $6.00 to $6.10 from prior guidance of $5.75 to $5.90. 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.investorsreports.com/report/2013-08-07/RTN]
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Northrop Grumman Corporation Research Report
On July 31, 2013, Northrop Grumman Corporation (Northrop Grumman) announced that Lockheed Martin Corporation (Lockheed Martin) has selected the Company's Scalable Agile Beam Radar (SABR) for the U.S. Air Force and Taiwan F-16 radar modernization and upgrade programs. According to Northrop Grumman, the SABR is an affordable, multifunction AESA (active electronically scanned array) radar designed for low risk retrofit in current F-16s and is scalable for integration in other aircraft. The Company further said that SABR provides improved situation awareness, greater detection, high-resolution SAR maps, automatic target cueing, electronic protection, interleaved air-to-air and air-to-surface mode operations, and all-environment precision strike capability. The work on the F-16 AESA program will be done at Northrop Grumman's Electronic Systems sector headquarters facility in Linthicum. The Full Research Report on Northrop Grumman Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/NOC]
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General Dynamics Corporation Research Report
On August 5, 2013, General Dynamics Corporation (General Dynamics) announced that the U.S. Navy has awarded General Dynamics Bath Iron Works (Bath Iron Works), a business unit of the Company, $212 million for the design and construction of a steel deckhouse and hangar as well as the construction of aft Peripheral Vertical Launching System (PVLS) modules for integration into Lyndon B Johnson (DDG 1002), the third ship of the U.S. Navy's Zumwalt-class of guided missile destroyers. The Company reported that three DDG 1000 class destroyers are currently in production at Bath Iron Works: Zumwalt (DDG 1000), Michael Monsoor (DDG 1001), and Lyndon B. Johnson (DDG 1002), and also informed that Zumwalt is scheduled to be delivered to the Navy in 2015. General Dynamics reported that the keel laying ceremony for DDG 1001 took place in May 2013, and the Start of Fabrication for DDG 1002 was in April 2012. The Full Research Report on General Dynamics Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/GD]
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