Research Reports on Aerospace/Defense Equities -- Boeing, United Technologies, Smith & Wesson, and Raytheon
NEW YORK, August 31, 2016 /PRNewswire/ --
Operators in the Aerospace and Defense Products and Services space are constantly facing pressure to innovate, reduce labor and operating costs, and ensure productivity given increased global competition. Stock-Callers.com reviews the following equities and see how they have performed over the last few trading sessions: The Boeing Co. (NYSE: BA), United Technologies Corp. (NYSE: UTX), Smith & Wesson Holding Corp. (NASDAQ: SWHC), and Raytheon Co. (NYSE: RTN). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
The Boeing
Chicago, Illinois headquartered The Boeing Co.'s shares fell 1.57%, closing Tuesday's trading session at $130.81. The stock recorded a trading volume of 3.43 million shares. Shares of the Company have advanced 4.34% in the previous three months. The stock is trading 1.03% above its 200-day moving average. Additionally, shares of Boeing, which together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide, have a Relative Strength Index (RSI) of 42.52.
On August 18th, 2016, Boeing announced that the U.S. Air Force awarded the company $2.8 billion for KC-46A tanker low-rate initial production. The award includes the first two "production lots" of 7 and 12 planes respectively, as well as spare parts. Including future options, Boeing plans to build a total of 179 of the 767-based refueling aircraft for the Air Force to replace their KC-135 fleet. Boeing received an initial contract in 2011 to design and develop the USAF's next-generation tanker aircraft. Free research report on BA is available at: http://stock-callers.com/registration/?symbol=BA
United Technologies
On Tuesday, shares in Farmington, Connecticut headquartered United Technologies Corp. recorded a trading volume of 2.39 million shares. The stock dropped 0.57%, ending the day at $107.35. The Company's shares have advanced 0.99% in the last month, 7.63% in the previous three months, and 14.01% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.30% and 9.99%, respectively. Furthermore, shares of United Technologies, which provides technology products and services to building systems and aerospace industries worldwide, have an RSI of 52.30.
On August 30th, 2016, NORESCO which is a part of UTC Climate, Controls & Security, a unit of United Technologies, announced that it will provide energy and water efficiency and capital infrastructure upgrades at Federal Correctional Institution Fort Dix, New Jersey, and Federal Detention Center Philadelphia. The $49 million energy savings performance contract will help the Federal Bureau of Prisons progress toward achieving energy and water reduction mandates outlined in a March 2015 Executive Order 13693 regarding federal sustainability. The complimentary research report on UTX can be downloaded at: http://stock-callers.com/registration/?symbol=UTX
Smith & Wesson Holding
Springfield, Massachusetts-based Smith & Wesson Holding Corp.'s stock finished the day 0.51% higher at $29.58, and with a total volume of 1.82 million traded shares. The Company's shares have surged 20.24% in the previous three months and 34.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.89% and 22.16%, respectively. Additionally, shares of Smith & Wesson Holding, which manufactures and sells firearm products and accessories, have an RSI of 55.36.
On August 01st, 2016, research firm Craig Hallum reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $32 a share to $35 a share.
On August 29th, 2016, the company announced that it has completed the acquisition of Crimson Trace Corp, the industry leader in laser sighting systems and tactical lighting for firearms, for $95.0 million, subject to post-closing adjustments, utilizing cash on hand. Crimson Trace will operate as Smith & Wesson's newly established Electro-Optics Division. The signing of the definitive purchase agreement for the acquisition was announced on July 25th, 2016. Visit us today and access our complete research report on SWHC at: http://stock-callers.com/registration/?symbol=SWHC
Raytheon
Shares in Waltham, Massachusetts headquartered Raytheon Co. ended yesterday's session 0.74% lower at $140.35. The stock recorded a trading volume of 946,628 shares. The Company's shares have advanced 0.08% in the last one month, 7.52% over the previous three months, and 14.61% since the start of this year. The stock is trading 1.37% above its 50-day moving average and 9.55% above its 200-day moving average. Moreover, shares of Raytheon, which develops technologically integrated products, services, and solutions worldwide, have an RSI of 50.54.
On August 23rd, 2016, The U.S. Army has awarded Raytheon a $5.7 million risk-mitigation contract for the Long Range Precision Fires program. The new missile will replace the Army's aging inventory of long range, surface-to-surface missiles. Under the 9-month risk-reduction contract, Raytheon will conduct baseline system design. The Army is expected to solicit proposals for a more comprehensive technical maturation/risk reduction phase later, an effort that will culminate in flight testing. Get free access to your research report on RTN at: http://stock-callers.com/registration/?symbol=RTN
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