New Contracts, Labor Agreements, Dividend Increases, and Double-digit Earnings Growth - Analyst Notes on Boeing, Lockheed Martin, General Dynamics, Raytheon, and Smith & Wesson Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, March 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Boeing Co. (NYSE: BA), Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corp. (NYSE: GD), Raytheon Co. (NYSE: RTN), and Smith & Wesson Holding Corporation (NASDAQ: SWHC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Boeing Co. Analyst Notes
On March 5, 2014, Boeing Co. (Boeing) announced that it has entered into a five-year pilot training agreement to support Hainan's recent introduction of the 787 Dreamliner to its fleet. Under the agreement, Boeing Flight Services, a unit of Boeing Commercial Aviation Services, will extend the airline's existing contract for flight training at Boeing's Singapore and Shanghai training campuses on three Boeing models - the Next-Generation 737, 767 and 787. "We are pleased to provide training to Hainan Airlines as they take a very exciting step in expanding their Boeing fleet," said Bob Bellitto, Director, Boeing Flight Services Customers Group. "Providing our training expertise at two global locations closest to the airline gives Hainan a competitive advantage we call the Boeing Edge." The full analyst notes on Boeing Co. are available to download free of charge at:
Lockheed Martin Corporation Analyst Notes
On March 3, 2014, Lockheed Martin Corp. (Lockheed Martin) announced that the members of the International Association of Machinists and Aerospace Workers (IAM) ratified a new four-year labor agreement with Lockheed Martin. "We're pleased that the IAM members ratified this new contract, which provides a fair economic package for our workforce, and positions Lockheed Martin to remain successful in a challenging environment," said Craig Weller, Vice President, Corporate Labor Relations. "This agreement rewards our employees and allows them to continue their critical work on programs vital to our nation's security." The new contract was ratified on March 2, 2014 and became effective March 3, 2014. The full analyst notes on Lockheed Martin Corporation are available to download free of charge at:
General Dynamics Corp. Analyst Notes
On March 5, 2014, General Dynamics Corp. (General Dynamics) announced that its Board of Directors has authorized and declared a regular, quarterly dividend in the amount of $0.62 per share on the Company's common stock. The dividend is payable on May 9, 2014, to shareholders of record on April 11, 2014. The dividend represents a 10.7% increase from the previous quarterly dividend of $0.56 per share. This is the 17th consecutive annual dividend increase authorized by the General Dynamics board. The full analyst notes on General Dynamics Corp. are available to download free of charge at:
Raytheon Co. Analyst Notes
On February 28, 2014, Raytheon Co. (Raytheon) announced that it has received a $185 million modification from NASA on its current Joint Polar Satellite System (JPSS) Common Ground System (CGS) contract. It aims to increase the capability and capacity of National Oceanic and Atmospheric Administration's (NOAA) three satellites that support the JPSS mission through 2022. "Our customers' high consequence missions demand faster data they can trust," said Lynn Dugle, President of Raytheon Intelligence, Information and Services. "We have been developing these data delivery and information assurance capabilities as part of our commitment to providing common ground stations that can support multiple platforms." The current JPSS CGS contract is valued at $1.7 billion, and this new modification adds key capabilities, including improved operational and data availability, faster data delivery, automated mission management and information assurance. The full analyst notes on Raytheon Co. are available to download free of charge at:
Smith & Wesson Holding Corporation Analyst Notes
On March 4, 2014, Smith & Wesson Holding Corp. (Smith & Wesson) reported its Q3 FY 2014 financial results (period ended January 31, 2014). The Company reported net sales of $145.9 million, up 7.1% YoY. Non-GAAP adjusted EBITDA from continuing operations totaled $37.5 million, compared to $33.3 million in Q3 FY 2013. James Debney, Smith & Wesson Holding Corporation President and CEO, stated, "Our financial results were highlighted by our delivery of double-digit growth in net income and the ongoing expansion of our gross margins, all while we continued to drive a number of initiatives designed to strengthen our business and return increased value to our stockholders. We believe that our long-standing approach of growing our business through the addition of flexible capacity has positioned us well to adapt to our dynamic environment." The Company estimates net sales for Q4 FY 2014 to be between $159.0 million and $164.0 million,while GAAP earnings per diluted share from continuing operations are expected to be between $0.37 and $0.40. The full analyst notes on Smith & Wesson Holding Corporation are available to download free of charge at:
About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
- For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by NidhiVatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review