Long-term Agreements, Product Upgrades, Relocations, Stock Price Updates, and Conversion Options - Analyst Notes on GE, John Deere, Raytheon, ITW, and L-3
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NEW YORK, April 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding General Electric Company (NYSE: GE), Deere & Company (NYSE: DE), Raytheon Co. (NYSE: RTN), Illinois Tool Works Inc. (NYSE: ITW), and L-3 Communications Holdings Inc. (NYSE: LLL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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General Electric Company Analyst Notes
On March 31, 2014, General Electric Company (GE) reported that it has signed a new seven-year Global Frame Agreement with PETRONAS, Malaysia's leading Oil & Gas Corporation. According to GE, the agreement requires supply of gas turbine packages for PETRONAS' onshore and offshore projects in Malaysia and other countries around the world and includes an option for renewal for a further three years. Another significant achievement was the award of PETRONAS' Floating LNG project, which is targeted to be the world's first offshore LNG plant. Designed to produce 1 million tons of LNG a year, the startup of the facility is scheduled for 2016. Commenting on the development, Lorenzo Simonelli, CEO of GE Oil & Gas, said, "GE is committed to reinforcing our strong, long-term partnership and collaboration with PETRONAS. This new agreement allows us to be more closely aligned with PETRONAS so that we can better anticipate their technology needs and streamline the delivery process." The full analyst notes on General Electric Company are available to download free of charge at:
http://www.AnalystsReview.com/04032014/GE/report.pdf
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Deere & Company Analyst Notes
On March 27, 2014, Deere & Company (John Deere) announced the introduction of new, larger grapples and enhanced heavy-duty axle upgrades for the 648H and 748H models. The Company informed that the new options offer improved productivity and longer axle life making it easier to move more wood, more reliably. Brandon O'Neal, Product Marketing Manager at John Deere Construction & Forestry, commented, "The new larger grapples and enhanced heavy-duty axle upgrades for the 648H and 748H Skidders give our customers more flexibility than ever when configuring a machine that best fits their business needs." The full analyst notes on Deere & Company are available to download free of charge at:
http://www.AnalystsReview.com/04032014/DE/report.pdf
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Raytheon Co. Analyst Notes
On March 26, 2014, Raytheon Co. (Raytheon) announced its intentions to shift its Garland, Texas, operations to a new modern office complex to be built at the CityLine development in Richardson, Texas. The Company informed that it will occupy 489,000 square feet in three buildings located near the intersection of President George Bush Turnpike and North Central Expressway (US 75). Raytheon will begin shifting in Q4 2015, depending upon how the construction of the new site pans out. Commenting on the development, Lynn Dugle, President of Raytheon Intelligence, Information and Services (IIS), said, "Moving our Garland operations to this state-of-the-art facility in Richardson, Texas, will provide an outstanding modern work environment for our 1,700 employees and visitors and will allow for expansion as our business grows." The full analyst notes on Raytheon Co. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/RTN/report.pdf
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Illinois Tool Works Inc. Analyst Notes
On March 31, 2014, shares of Illinois Tool Works Inc. (ITW) edged 0.71% higher, closing the day at $81.33. During the session, the Company's shares opened at $81.10 and vacillated in the range of $81.00 - $81.22. A total of 2.26 million shares changed hands during the day. The shares are trading near the 52-week high of $84.32. Over the previous three trading sessions, shares of ITW increased 0.82%, underperforming the NYSE Composite which increased 1.63% during the same period. In February 2014, ITW struck a deal with the private equity firm - Carlyle Group LP, which agreed to buy out ITW's industrial packaging unit for $3.2 billion. The deal marked a step towards, the Company's stated goal of divesting a quarter of its businesses in terms of revenue. The full analyst notes on Illinois Tool Works Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/ITW/report.pdf
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L-3 Communications Holdings Inc. Analyst Notes
On March 31, 2014, L-3 Communications Holdings Inc. (L-3) announced the conversion option for holders of the $689.4 million outstanding principal amount of its 3% Convertible Contingent Debt Securities (CODES) due 2035 at a conversion price of approximately $89.08 per share. The Company informed that the CODES are convertible because the closing price of shares of the Company's common stock, for at least 20 trading days during the 30 consecutive trading-day period ending on March 28, 2014 (the last trading day of the previous fiscal quarter), was greater than 120% of the then current conversion price of the CODES (Trading Price Condition). The holders' rights to convert their securities pursuant to the Trading Price Condition begins March 31, 2014 and ends at 5:00 p.m. New York City time, on June 27, 2014. L-3 will settle the entire conversion payment obligation with respect to converted CODES, if any, in cash. The full analyst notes on L-3 Communications Holdings Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/LLL/report.pdf
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