177.74 -0.39 (-0.22%)
After hours: 5:18PM EDT
|Bid||178.14 x 1000|
|Ask||179.39 x 800|
|Day's Range||177.33 - 179.56|
|52 Week Range||144.27 - 210.89|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||16.61|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||3.77 (2.10%)|
|1y Target Est||208.00|
The Trump administration still had no comment after Turkey began receiving Russia's S-400 missile system, risking the loss of the Lockheed F-35 stealth fighter.
NEW YORK, NY / ACCESSWIRE / July 15, 2019 / Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Raytheon Company (NYSE: RTN) The investigation ...
DLT Solutions Inc. secured a spot on a Department of Defense contract worth $820 million for commercial off-the-shelf software services Friday. Defense officials said the Herndon-based technology reseller will compete with three other contractors for task orders through a 10-year, multiple-award, firm-fixed-price blanket purchase agreement to sell the DOD software products through the its Enterprise Software Initiative (ESI) office.
WILMINGTON, Del., July 15, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Shutterfly, Inc. (NASDAQ GS: SFLY) regarding possible breaches of fiduciary.
Company to provide advanced cybersecurity operations center and services DULLES, Va. , July 15, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a contract to develop and deploy a mission-critical, ...
U.S. President Donald Trump has the authority to waive sanctions on Turkey for its purchase of Russian air defence systems and should find a "middle ground" in the dispute, President Tayyip Erdogan said on Sunday. Erdogan's comments came two days after NATO member Turkey took delivery of the first consignment of advanced Russian S-400 missile defence system parts, despite warnings from Washington that the move would trigger U.S. sanctions. Broadcaster Haberturk quoted Erdogan as telling Turkish journalists that Trump "has the authority to waive or postpone CAATSA", referring to U.S. sanctions designed to prevent countries buying military equipment from Russia.
NEW YORK, July 12, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Raytheon Company (NYSE: RTN)The.
The National Mall and the Washington Monument will get a moonshot makeover for a week in July in celebration of the 50th anniversary of the Apollo 11 mission. From July 16th to 18th, 9:30pm to 11:30pm, the Saturn V rocket will be projected to scale on the east side of the 555-foot-tall monument. The surrounding area will be fitted with projection screens, speakers and a recreation of the Kennedy Space Center’s countdown clock.
The New England region grabbed 8.9 percent of second quarter deal count and 8.9 percent of second quarter deal value, according to a new report.
Robust budgetary expansions under Trump's leadership, along with other favorable policy reforms have turned out to be the primary catalyst driving the defense industry's latest consolidations.
United Technologies, one of the largest industrial companies in the world, plans to split into three companies and then later merge its aerospace division with Raytheon. That makes valuing the stock especially complex.
EL SEGUNDO, Calif. , July 11, 2019 /PRNewswire/ -- Raytheon (NYSE: RTN) was selected by the Boeing Company as radar supplier for the B-52 bomber radar modernization program. Under the contract, Raytheon ...
The Defense Department wants its large defense contractors investing more in research and development. Higher spending is one reason more mergers could happen.
The best defense stocks have long-term programs as well as footholds in key emerging priorities for the Pentagon and U.S. allies around the world.
Nation becomes 1st AMRAAM-ER customer, 11th NASAMS partner WASHINGTON , July 10, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced it was awarded two direct commercial sales contracts by the ...
America is set to supply 108 M1A2T Abrams tanks, 250 Stinger missiles and four Stinger Fly-to-Buy missiles to Taiwan. The U.S. Aerospace-Defense industry's major indices gain following the news.
For many years United Technologies (NYSE:UTX) has been something of a safety stock: a Dow component that's been providing technology products and services to the global aerospace industry, a market that's never out of style in a politically uncertain world. UTX stock has returned 22.5% so far in 2019.Yet, not all is safe and sound in the minds and hearts of United Technologies stock investors, however, as last month's announcement that the company would merge with top defense contractor Raytheon (NYSE:RTN) shook up the industry -- and left shareholders wondering where the UTX stock price might go from here.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Merger MadnessThe newly formed aerospace and defense conglomerate will be a new company called Raytheon Technologies; as the name implies, United Technologies as we know it will essentially disappear. Current holders of UTX stock need not panic, however, as the deal isn't slated to close until the first quarter of 2020.Nonetheless, United Technology stock holders might consider unloading some shares in anticipation of a rough landing, or at least setting a strict stop-loss 10% or even 5% below the current share price. While the two companies have touted the deal as a proverbial merger of equals, not everyone seems entirely comfortable with the formation of an aerospace-and-defense mega-company. Behold, the PushbackAmong the critics of the United Technologies-Raytheon deal is none other than President Trump, who has expressed concern that the merger could reduce competition and make it difficult for the government to negotiate defense contracts. Trump has been known to pillory companies and then forgive them soon afterward, but as a personal preference, I'm not a fan of holding shares of companies that are in the crosshairs of the U.S. government. * The 7 Top Small-Cap Stocks Of 2019 On the flip side is the government's ongoing need for defense-related services, which won't be slowing down anytime soon. Looking over the coming fiscal 2020 U.S. defense budget, we can see that the Senate has already passed a $750 billion defense authorization bill by a vote of 86 to 8. With the U.S. embroiled in a heated conflict with Iran and its allies, the defense bill is likely to pass and government spending in that sector should hold steady or increase in the near term at least. Time to Play DefenseThis might not be enough to assuage concerned investors or prospective investors, though, as there's no shortage of criticism of the merger. One prominent example would be activist investor and Third Point CEO Daniel S. Loeb. Another would be Pershing Square Capital Management Founder and CEO Bill Ackman. They're both prominent UTX shareholders, and neither have been shy about voicing their strong disapproval of the merger.For his part, Loeb has uncategorically stated that Third Point won't support the merger "in its current form and plans to vote against it." Moreover, he's described the proposed combination of United Technologies and Raytheon as "ill-conceived and unlikely to create value for UTC shareholders." * 7 Retail Stocks to Buy That Are Down in 2019 Ackman said that the merger "makes no sense to us" and that his firm "cannot comprehend the strategic logic" of the deal. The reasoning is complex, but to put it in a nutshell, the primary concern of these two hedge-fund managers -- and of concerned investors generally -- is that neither of the two companies will benefit from the proposed agreement in any appreciable way. Bottom Line on United Technologies StockI don't make it a policy to lean bearish on a name like United Technologies stock simply because a couple of famous financiers have expressed their concerns. Besides, given the political unrest happening in the world today, I'm decidedly bullish on the aerospace/defense market as a whole.Still, even if we assume that the proposed merger goes through without a hitch, it won't be the biggest company in its industry; Boeing (NYSE:BA) will still hold that title, at least in terms of annual revenue. Most importantly, I've been searching high and low for a solid rationale to justify this merger -- and as U2 front-man Bono once sang -- I still haven't found what I'm looking for.Therefore, I would steer clear of UTX stock for the time being at least; merger madness, powerful as it may be, need not affect our sanity.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post United Technologies and Merger Mania: Time to Call the Whole Thing Off? appeared first on InvestorPlace.
The State Department approved a $2 billion arms deal with Taiwan that would include the advanced General Dynamics M1A2 Abrams tank.
President Donald Trump on Tuesday praised Alexander Acosta as Democrats called for the labor secretary to quit over his handling of a sex-crimes case involving billionaire Jeffrey Epstein, and oversaw signing ceremonies between Qatar and several U.S. companies.
Raytheon Co NYSE:RTNView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for RTN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RTN. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $7.77 billion over the last one-month into ETFs that hold RTN are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. RTN credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The U.S. State Department has approved the possible sale to Taiwan of M1A2T Abrams tanks, Stinger missiles and related equipment at an estimated value of $2.2 billion, the Pentagon said on Monday, despite Chinese criticism of the deal. China's foreign ministry expressed anger about the sale and urged the United States to revoke it. The Pentagon's Defense Security Cooperation Agency said in a statement the sale of the weapons requested by Taiwan, including 108 General Dynamics Corp M1A2T Abrams tanks and 250 Stinger missiles, would not alter the basic military balance in the region.
In this edition of DFW Defense, we break down the significant deals awarded to companies with ties to North Texas in June.
Global corporate M&A activity dropped 11% to $1.8 trillion in year’s first half versus the same period of 2018, according to a new Mergermarket report.