New Contracts, Successful Tests, and Acquisitions - Research Report on Northrop Grumman, Lockheed Martin, Rockwell Collins, B/E Aerospace, and TASER
NEW YORK, August 20, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting Northrop Grumman Corporation (NYSE: NOC), Lockheed Martin Corporation (NYSE: LMT), Rockwell Collins, Inc. (NYSE: COL), B/E Aerospace Inc. (NASDAQ: BEAV), and TASER International, Inc. (NASDAQ: TASR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Northrop Grumman Corporation Research Report
On August 14, 2013, Northrop Grumman Corporation (Northrop Grumman) was awarded a contract by the U.S. Navy for the production of acoustic nose arrays for the MK54 lightweight torpedo in support of Navy and foreign military sales requirements. According to the Company, the contract's initial scope is for 428 nose arrays with a potential for as many as 3,000 for the life of the contract. Tom Jones, Vice President of Northrop Grumman's Undersea Systems Business Unit, said, "This contract represents the continuation of our proud torpedo heritage that dates back to World War I. We are pleased to support the Navy's torpedo enterprise once again by providing this undersea warfare capability to the Navy and our international partners." Northrop Grumman reported that the $45.9 million firm-fixed-price, cost-plus contract includes options that, if exercised, would bring the cumulative value of the contract to $294.3 million. 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.analystscorner.com/r/full_research_report/f842_NOC]
Lockheed Martin Corporation Research Report
On August 15, 2013, Lockheed Martin Corporation (Lockheed Martin) conducted a successful PAC-3 Missile flight test at White Sands Missile Range, New Mexico, in which PAC-3 successfully detected, tracked, and intercepted an aerodynamic, threat-representative tactical ballistic missile target. The Company stated that the ripple fire engagement of two PAC-3 missile resulted in the first interceptor destroying the target, and the second PAC-3 Missile was self-destructed on command as planned. Commenting on the successful flight test, Richard McDaniel, Vice President of PAC-3 programs at Lockheed Martin Missiles and Fire Control said, "The PAC-3 Missile continues to deliver proven, reliable performance along with unmatched lethality. The capability PAC-3 provides continues to draw significant interest from a number of international customers." 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]
Rockwell Collins, Inc. Research Report
On August 14, 2013, Rockwell Collins, Inc. (Rockwell Collins) announced that its Receiver Cards were used in a test flight, marking the first time any aircraft has used live Military code (M-code) signals to successfully navigate. According to the Company, the flight (which happened at Holloman Air Force Base near Alamogordo, New Mexico in June 2013) successfully tested the Company's GB-GRAM-M (M-Code GPS Receiver) integrated into the RQ-11B Raven unmanned aerial system. Mike Jones, Vice President, and General Manager of Communication and Navigation Products for Rockwell Collins, said, "This milestone is a major step forward in providing enhanced integrity, exclusivity and improved anti-jam capabilities to our military, and adds to our rich legacy of achieving GPS technology firsts at Rockwell Collins." The Full Research Report on Rockwell Collins, 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/8aa7_COL]
B/E Aerospace Inc. Research Report
On August 14, 2013, B/E Aerospace Inc. (B/E Aerospace) announced that it is expanding its Consumables Management (CM) Segment into the oil and gas services industry by acquiring Blue Dot Energy Services, LLC, a provider of parts distribution, rental equipment and onsite services. B/E Aerospace reported that the purchase price of the transaction will be approximately $75 million, including expenses, and is expected to close by the end of August 2013. The Company also expects the transaction to be accretive to its 2014 EPS. Amin J. Khoury, Founder and Chief Executive Office or B/E Aerospace, said, "B/E Aerospace plans to provide high quality products and services (new and remanufactured after use, and API certified) to remote drilling sites, using its manufacturing, certification, IT, and logistics capabilities to properly prepare for deployment, store, locate, and deliver, as needed equipment and services." The Full Research Report on B/E Aerospace 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/ef8d_BEAV]
TASER International, Inc. Research Report
On August 14, 2013, TASER International, Inc. (TASER) announced multiple new deployments of its AXON flex on-officer cameras and EVIDENCE.com service. TASER informed that the Company received these orders in Q3 2013, and are expected to ship in the same quarter itself. TASER also stated that the hardware revenue will be recognized in Q3 2013 whereas the EVIDENCE.com related revenue will be recognized over the service period of 1 to 5 years. Rick Smith, Chief Executive Officer and Founder of TASER, said, "With this large followup order by the Fort Worth Police Department combined with the DFW International Airport Department of Public Safety's initial order of AXON flex cameras, this major metropolitan area is leading what we believe is the next major wave in public safety. Many thought leaders in law enforcement are telling us they see on-officer video will become standard equipment within the next 5-10 years. We believe on-officer video will have a significant positive impact on law enforcement similar in scope to the impact of TASER weapons in the early 2000s." The Full Research Report on TASER International, 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/f176_TASR]
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SOURCE Analysts' Corner
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