Aerospace & Defense Expansion, Contracts, Program Costs, Appointments, and Milestones - Research Report on Boeing, Lockheed Martin, Triumph Group, General Dynamics, and Embraer
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Sep 24, 2013, 08:00 ET
NEW YORK, September 24, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting The Boeing Company (NYSE: BA), Lockheed Martin Corporation (NYSE: LMT), Triumph Group, Inc. (NYSE: TGI), General Dynamics Corp. (NYSE: GD), and Embraer SA (NYSE: ERJ). 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 September 17, 2013, The Boeing Company (Boeing) announced the expansion of its manufacturing site in Helena, Montana by approximately 50% in order to support demand for Boeing commercial airplanes and new work for the Boeing 787-10 Dreamliner. According to the Company, the $35 million expansion, which is expected to be completed by Q4 2014, will begin this fall on the south side of the current facility. Jim McNerney, Chairman, President, and CEO of Boeing, stated, "Our further investment in Montana is testament to our Helena team's ability to deliver on their commitments and establish themselves as a reliable, globally competitive supplier to our commercial airplane programs." Eric Smith, Director and Site Leader of Boeing Helena, continued, "This expansion ensures we have the stable workforce, skills and now the manufacturing space we need to support production requirements and take on new production for the 787-10." 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/2013-09-19/BA]
Lockheed Martin Corporation Research Report
On September 18, 2013, Lockheed Martin Corporation (Lockheed Martin) announced the $20 million contract modification to the Integrated Space Command and Control (ISC2) program of the North American Aerospace Defense Command (NORAD). The Company informed that the contract ensures the Lockheed Martin's continued support for the air, space defense, and missile warning missions for NORAD's Cheyenne Mountain Complex. According to the Company, under this option, given by the U.S. Air Force Life Cycle Management Center (AFLCMC), Lockheed Martin will continue to sustain these critical national defense missions at multiple locations worldwide and this is the second option exercised from the contract which was awarded in October 2012. Rob Smith, Vice President for Space and Cyber at Lockheed Martin's Information Systems & Global Solutions, commented, "We'll work with our customer to ensure that ISC2 remains the critical link in enabling geographically disparate commanders to monitor and assess multi-mission threats concurrently." 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/2013-09-19/LMT]
Triumph Group, Inc. Research Report
On September 18, 2013, Triumph Group, Inc. (Triumph Group) announced that it expects additional pre-tax program costs of $68.0 million, or $0.83 per diluted share in FY 2014 (period ending March 31, 2014). According to the Company, the additional cost primarily attributable to the 747-8 program is an outcome of reduced profitability estimates of the Company's current 747-8 production lot, which is expected to be nearly 100% completed by the end of Q3 FY 2014. Jeffry D. Frisby, President and CEO of Triumph Group, said, "We are disappointed in our recent execution on the 747 program. In addition to a new leadership team, we have already taken several actions, including the development of a detailed game plan to reduce cost and improve quality and on-time delivery in a sustainable way. As we move forward, we are confident that we will be able to return the 747-8 program to our expected level of execution and profitability and we remain confident that our business model will provide for sustainable long-term growth for Triumph Group as a whole." The Full Research Report on Triumph Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-19/TGI]
General Dynamics Corp. Research Report
On September 18, 2013, General Dynamics Corp. (General Dynamics) announced the appointment of Jeffrey S. Geiger as President of General Dynamics Electric Boat, with effect from November 4, 2013, following the retirement of Kevin J. Poitras. According to the Company, the other changes in the leadership of General Dynamics viz.: Frederick J. Harris will remain as President of General Dynamics NASSCO and will also serve as President of Bath Iron Works; Michael J. Mulligan, President of General Dynamics Armament and Technical Products, will remain a Vice President of the corporation and will become Vice President and General Manager of Bath Iron Works; and Kevin M. Graney, currently Vice President of Operations at NASSCO, will become Vice President and General Manager of NASSCO. 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.InvestorsReports.com/report/2013-09-19/GD]
Embraer SA Research Report
On September 13, 2013, Embraer SA (Embraer) announced that it delivered the Company's 1,000th E-Jet production aircraft to Republic Airlines, a subsidiary of Republic Airways Holdings Inc. (Republic) which will operate the aircraft on behalf of American Eagle. According to the Company, the delivery is part of Republic's order for 47 E175s that was announced at the beginning of 2013. Frederico Curado, President and CEO of Embraer commented, "This is truly a remarkable milestone given that we delivered 1,000 airplanes in less than ten years. This makes Embraer E-Jets among the most successful aircraft programs in the history of commercial aviation. We share this achievement with all of our customers, suppliers and especially our Embraer employees." The Full Research Report on Embraer SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-19/ERJ]
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