Expansion Plans, Evolving Systems, Strategic Collaborations, New Contracts and Financial Results - Research Report on Boeing, Lockheed Martin, General Dynamics, ATK, and TransDigm Group
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NEW YORK, August 29, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Boeing Co. (NYSE: BA), Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corp. (NYSE: GD), Alliant Techsystems Inc. (NYSE: ATK), and TransDigm Group Incorporated (NYSE: TDG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Boeing Co. Research Report
On August 26, 2013, Boeing Co. (Boeing) and Xiamen Airlines announced the finalization of an order for six 787-8s valued at $1.3 billion. Che Shanglun, President and CEO of Xiamen Airlines said, "Adding 787s to our all-Boeing fleet is a strategic decision to facilitate our international expansion plans." Shanglun added, "The range and efficiency of the 787 makes it an ideal fit in our new, non-stop international routes." Boeing stated that the airline's expanding international network currently focuses on southeast and northeast Asia, and with the introduction of the 787 Dreamliners in 2014, Xiamen also plans to launch new routes from Fujian to Europe, North America and Australia. The Full Research Report on Boeing Co. - 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/f586_BA]
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Lockheed Martin Corporation Research Report
On August 26, 2013, Lockheed Martin Corp. (Lockheed Martin) announced that the U.S. Army has awarded the Company with additional orders worth $206 million for AN/TPQ-53 (Q-53), a long-range counterfire radar which provides soldiers with enhanced 360-degree protection from indirect fire. According to the Company, this contract is for 19 Q-53 systems, formerly known as EQ-36. Lockheed Martin added that till date it has delivered 32 initial production systems to the U.S. Army and is currently manufacturing an additional 33 systems, which were awarded in March 2012. "The Q-53 radar is helping to save the lives of U.S. forces through its exceptional performance in theater." said Lee Flake, Program Director for Counterfire Target Acquisition Radar Programs at Lockheed Martin's Mission Systems & Training business. "Deployed since 2010, we have listened to feedback from our soldiers to ensure the system meets operational demands and is evolving to stay ahead of global threats." 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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General Dynamics Corp. Research Report
On August 22, 2013, General Dynamics Corp. (General Dynamics) announced that General Dynamics Land Systems Maneuver Collaboration Center (mc2), NextEnergy and TM3 Systems have completed a successful microgrid technology demonstration in July. According to the Company, the collaboration used General Dynamics Land Systems' Electric Drive (eDrive) 8x8 armored vehicle and a Tactical Modular Mobile MicroGrid (TM3) power system. Sonya Sepahban, Senior Vice President, Engineering, Development and Technology for General Dynamics Land Systems, commented, "This initiative between a small startup, a not-for-profit and a large defense contractor - to integrate an energy-conserving technology on an accelerated development schedule - is certainly a first for the community and a great business model that we intend to replicate." General Dynamics informed that the team plans to build on this demonstration with the aim of making this capability available for use in the field. The Full Research Report on General Dynamics Corp. - 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/3505_GD]
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Alliant Techsystems Inc. Research Report
On August 13, 2013, Alliant Techsystems Inc. (ATK) announced that it has received a contract from Orbital Sciences Corp. to provide first and second stage propulsion for the Air Launch Vehicle (ALV) which Orbital is designing and building for Stratolaunch Systems Corporation as part of a revolutionary air-launched space transportation system. Blake Larson, President of ATK Aerospace Group, said, "Our innovative propulsion concept combines both proven and state-of-the-art technologies that will provide a high-performing, cost-effective solution for the ALV." ATK informed that the contract from Orbital includes the design, development and flight hardware for initial Stratolaunch missions. The Full Research Report on Alliant Techsystems 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/29c5_ATK]
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TransDigm Group Incorporated Research Report
On August 6, 2013, TransDigm Group Inc. (TransDigm Group) reported its Q3 FY 2013 financial results (period ended June 29, 2013). The Company reported net sales of $488.6 million, an increase of 5.8% YoY, and EBITDA of $231.9 million, up 7% YoY. Net income totaled $76.7 million, down 15.2% YoY, while EPS was down 57.7% YoY to $0.71. Nicholas Howley, TransDigm Group's Chairman and CEO, stated, "Overall we see positive signs in our third quarter results." Howley added, "Our sales and bookings results in the quarter may have begun to indicate an inflection point for recovery in the commercial aftermarket. Though too soon to tell with certainty, we are hopeful this trend will continue. In addition, our organic commercial OEM and defense revenues continued to perform better than originally anticipated. Our third quarter EBITDA As Defined margin remained strong at 47.5%, in spite of both acquisition and ongoing unfavorable sales mix dilution." For FY 2013, the Company updated its guidance and now expects net sales to be in the range of $1,907 million to $1,927 million and EPS to be in the range of $2.28 to $2.40 per share and $6.74 to $6.86 per share on an adjusted basis. The Full Research Report on TransDigm Group Incorporated - 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/4917_TDG]
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