Increased Government Spending Fuels Demand - Research Report on Triumph Group, Teledyne Technologies, EDAC Technologies, Sturm, Ruger & Company and HEICO

NEW YORK, March 20, 2013 /PRNewswire/ --

Today, Wall Street Source announced new research reports highlighting Triumph Group Inc (NYSE:TGI), Teledyne Technologies Incorporated (NYSE:TDY), EDAC Technologies Corporation (NASDAQ:EDAC), Sturm, Ruger & Company (NYSE:RGR) and HEICO Corporation (NYSE:HEI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Triumph Group Inc Research Report

Triumph Group has announced that its acquisition of Goodrich Corporation's pump and engine control systems business from United Technologies has been completed for an undisclosed sum, as a part of United Technologies' divestitures required by regulators as a condition of its earlier $18.4 billion purchase of Goodrich in 2011. Management says the business is expected to add approximately $195 million in annual revenue and to be immediately accretive to earnings in fiscal year 2014. Meanwhile, United Technologies also said it has an agreement to sell a Goodrich electric power systems business, at the approval of regulators. In relation to the deal, regulators said the original deal would have combined the only two significant suppliers of large main engine generators for aircraft in the world and resulted in "higher prices, less favorable contractual terms and less innovation for aircraft components." 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.wallstsource.com/r/full_research_report/a47d_TGI]

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Teledyne Technologies Incorporated Research Report

Teledyne subsidiary Teledyne Brown Engineering has been awarded an $8.5 million contract with the US Department of Defense to provide "reprogramming services" under an "indefinite delivery, indefinite quantity" agreement to develop and test a development model of a shallow water combat submersible. Teledyne is tasked to design, develop, test, manufacture and sustain the said submersible, which will replace the current SEAL Delivery Vehicle. The new variant, formerly designated the Advanced SEAL Delivery System, is likened to a mini-submarine, carrying one pilot and one SEAL within an enclosed hull. Meanwhile, Teledyne acquired marine acoustic imaging and measurement solutions provider RESON A/S for an undisclosed amount. The acquired company will operate under the name Teledyne RESON. The Full Research Report on Teledyne Technologies Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/03d7_TDY]

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EDAC Technologies Corporation Research Report

EDAC Technologies announced that it has entered into an agreement to be bought out by Greenbriar Equity Group LLC affiliate GB Aero Engine LLC for $17.75 per share in cash, pursuant to a cash tender offer and second step merger, for an aggregate equity value of approximately $104.1 million. The $17.75 for each share represents a premium of approximately 29.6 percent over EDAC's average closing price during the 90 trading days ending March 15, 2013, and a 19.8 percent premium over EDAC's average closing price during the 30 trading days ending March 15, 2013. However, a number of law firms have started to investigate the merger, citing concerns of EDAC board members breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into the proposed transaction, and whether it has disclosed all material information to shareholders about the transaction. The Full Research Report on EDAC Technologies Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/903a_EDAC]

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Sturm, Ruger & Company Research Report

Sturm, Ruger cruised past estimates in its Q4 2012 results as demand for its guns outpaced the growth in overall industry demand. The company posted earnings per share of $1 on sales of $141.8 million, in comparison to earnings of 82 cents per share and sales of $122 million as what analysts expected. This comes despite an industry-wide struggle to sell firearms in the months following a mass shooting in Newtown, Connecticut. The shooting, which left 20 children and six adults dead, reignited the debate over U.S. gun laws. However, sales have since risen since President Obama's reelection in November. Meanwhile, Sturm, Ruger declared a dividend of 40.4 cents per share for the fourth quarter, for shareholders of record as of March 8, 2013, payable on March 22, 2013. The Full Research Sturm, Ruger & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/1149_RGR]

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HEICO Corporation Research Report

HEICO posted its Q1 2013 financial results which both failed to meet expectations though did post growth year over year due to global economic uncertainty and domestic governmental spending reductions. The company posted earnings per share of 37 cents, up 2.78 percent from the same period last year, while revenue rose 1.8 percent to $216.49 million year over year. In comparison, analysts wanted to see earnings per share of 40 cents per share and revenue of $227.65 million. Meanwhile, management is optimistic of its growth prospects for the second half of fiscal 2013 with a 13 percent increase in spending on new product development, though analysts have a more negative outlook of a profit of 41 cents per share. The Full Research Report on HEICO Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/d699_HEI]

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SOURCE Wall Street Source