|Bid||165.00 x 800|
|Ask||180.68 x 800|
|Day's Range||177.87 - 181.15|
|52 Week Range||144.27 - 210.89|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||16.84|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||3.77 (2.11%)|
|1y Target Est||208.64|
Boeing and Lockheed Martin are competing for a $15 billion order. Defense spending is expected to increase as India's armed forces modernize.
The second quarter was eventful for the aerospace industry and for United Technologies. So there is a lot for investors to think about in the second half of 2019.
Earnings for the top defense stocks are on tap next week with Lockheed Martin, Northrop Grumman, General Dynamics and Raytheon set to report.
Team ARTEMIS Industry will build foundation for future UK space defence programmes LONDON , July 19, 2019 /PRNewswire/ -- Raytheon (NYSE: RTN) today signed a Memorandum of Understanding with the UK Ministry ...
Defense industry players in the Valley and Pima County took it on the chin in 2013 when U.S. budget sequestration included $42.7 billion in federal government defense cuts. Those painful days are now in the past and the sector is surging, with more hiring and new contracts.
President Trump said Thursday his administration isn't looking at imposing economic sanctions on Turkey now, despite a law that requires penalties for increasing reliance on Russian weapons.
The U.S. Senate is due to vote next week to confirm Mark Esper as President Donald Trump's second Secretary of Defense, ending the longest period by far that the Pentagon has been without a permanent top official. The Senate Armed Services Committee approved Esper's nomination during a closed meeting on Thursday. Senator Jim Inhofe, the panel's Republican chairman, said he hoped the confirmation vote in the full Senate would begin as soon as Monday.
After a big rally, General Electric (NYSE:GE) stock has stalled out. General Electric stock has traded sideways for about a four and half months now, staying mostly in a range between $9 and $10.25.Source: Shutterstock It's not terribly difficult to see why that is. After a long decline over the last few years - including two dividend cuts - investors and analysts don't entirely trust General Electric stock. To some, including InvestorPlace columnist Dana Blankenhorn, GE's debt and pension liabilities suggest years of pain ahead. To others, the long-awaited turnaround is at hand. * 7 Stocks Top Investors Are Buying Now Increasingly, it seems like it will be GE Aviation that determines whether the bulls or bears will prove correct. That's not terribly surprising, of course: Aviation is GE's most profitable, and likely its most valuable, business. It generated roughly 60% of the company's segment-level profit last year, according to General Electric's 10-K filing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the gap between bulls' and bears' views of what Aviation truly is worth appears to be widening. The issues at Boeing (NYSE:BA) add a dose of uncertainty to the debate. Skeptics and believers see the unit's performance at the recent Paris Air Show very differently. Indeed, they see the future of the unit very differently.Heading into the second half of 2019, with GE's Q2 earnings two weeks away, it seems likely that the continuing argument over GE stock is going to come down to GE Aviation. A Big Win for GE AviationOn its face, the Paris Air Show last month - the industry's biggest event - seems like a win for General Electric. GE Aviation and its joint venture booked a record combined $55 billion in orders, per a company press release. That was up from $31 billion the year before.Obviously, that $55 billion isn't turning into revenue in 2020 or even necessarily by 2025. But with commercial aircraft demand still strong, it suggests that GE Aviation at worst is keeping pace with competing engine builders. That notably includes United Technologies (NYSE:UTX) unit Pratt & Whitney, which has taken market share in recent years.Meanwhile, the merger of UTX and Raytheon (NYSE:RTN) potentially creates a more formidable competitor on the defense/military side as well. And the delays of GE's new GE9x turbine engine hampered Boeing's launch of its 777x. After that news, and with its competition improving, GE Aviation needed a strong showing - and got it.Right? General Electric Stock Stays StuckPerhaps. But GE stock bears weren't so sure and apparently, neither were investors. Even as stock markets raced to all-time highs, the lid stayed on GE stock.And two noted skeptics cast doubt on the headline. Stephen Tusa, who has been a prescient bear on GE stock for years now, went as far as to call the order figure "a smoke screen." He argued that new engines - including the GE9x and the LEAP, the latter of which is manufactured in a joint venture with Safran SA (OTCMKTS:SAFRY) - might not be as profitable as GE's past models.John Inch of Gordon Haskett seemed to agree. Both analysts argued that the unit's 2018 earnings - and remember, 2018 was a disastrous year for GE as a whole - were likely above its long-term averages. As a result, Tusa argued that GE Aviation was worth potentially less than $40 billion, with Inch citing a $50 billion ceiling.Of course, as Barron's noted, other analysts saw it differently. Both Citigroup and Barclays saw the order growth as impressive. Those analysts are among the bulls who value GE Aviation in the range of $80 billion -$100 billion.Those differing valuations have an enormous impact on GE stock. What Aviation Means for GE StockWhat seems to be a $30 billion-$60 billion discrepancy on Aviation's valuation leads to very different views on GE stock. On its own, that range suggests a $3.40-$6.80 per share impact to a "sum of the parts" model.But that's not the only impact. Again, GE has a huge amount of debt. A stronger Aviation business will produce more cash flow that can be used to pay down that debt. It also gives GE more ways to raise money; a spin-off or partial sale of the unit can be used to raise capital, for instance.A weaker Aviation business, however, leaves GE in something close to trouble. The Power business still is a mess. GE Healthcare's profits are coming down after the company sold GE Biopharma to Danaher (NYSE:DHR) for $21 billion. Aviation matters not just in terms of paper valuation; it has to drive much of the growth and cash flow that GE needs to create.The importance of Aviation can be seen in the relative price targets of the four analysts, as Barron's pointed out. Tusa and Inch value General Electric stock at $5 and $7, respectively. Barclays sees GE stock getting to $13, and Citigroup estimates that GE stock is worth $14 per share. On the SidelinesA weaker Aviation business would be bad news for GE stock. I argued last year in a detailed analysis that GE, in a breakup, likely was worth at most $14-$16 per share. Including the costs of a breakup, its value is something closer to $9-$11. That was based on an estimated valuation of Aviation, using its 2017 results, of nearly $100 billion.Not all that much has changed since then, though the arrival of new CEO Larry Culp has sparked optimism towards the company's future. But if Aviation "really" is a $50 billion or a $70 billion business, it gets tougher to argue that GE stock can rise. And given that I'm skeptical that the 737 MAX issues - which already are expected to hit GE's cash flow by $200-$300 million - will be resolved soon, I'm not expecting investors' sentiment towards the unit to improve much as the year goes on.As I've written before, I'm rooting for GE stock. It's an iconic American company, and I'd love for long-suffering shareholders to see a rebound.But its problems are real. Its current collection of businesses isn't all that attractive anymore. General Electric stock needs Aviation to be a big winner - and if there are any signs at all that it won't be, it gets very difficult to pound the table for GE stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Aviation Is the Rope in the Tug of War Over GE Stock appeared first on InvestorPlace.
The Pentagon is crafting a bold strategy for a potential war against Russia or China, shifting military spending priorities for defense stocks.
Raytheon (RTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Turkish defence companies helping to build F-35 stealth fighter jets are set to lose work worth billions of dollars after Washington said it was removing Turkey from the programme over its purchase of a Russian missile defence system. Eight Turkish firms have been involved in producing the advanced fighter jets, supplying hundreds of items including parts for cockpit display systems and landing gear, on contracts the Pentagon said would have been worth $9 billion over the course of the programme. The head of Turkey's Defence Industry Directorate acknowledged on Thursday that the U.S. decision to move the work elsewhere - and the potential for additional U.S. sanctions - would be a setback for those companies.
Textron (TXT) second-quarter 2019 earnings from continuing operations increase year over year. However, revenues decline from the year-ago figure.
The Smithsonian Institution’s National Air and Space Museum is projecting a life-sized, animated image of a Saturn V rocket on the launch pad onto the face of the Washington Monument in honor of the 50th anniversary of the Apollo 11 mission, which culminated with the first men walking on the moon.
Defense Secretary nominee Mark Esper said during his confirmation hearing that artificial intelligence has the ability to fundamentally change warfare.
Democratic Senator and presidential hopeful Elizabeth Warren on Tuesday clashed with Mark Esper, President Donald Trump's nominee for U.S. defense secretary, saying he should be not be confirmed to the post because of ethical concerns related to his former lobbyist job at defense contractor Raytheon Co. The sharp exchange between Esper, the current Army secretary, and Warren was a rare contentious moment during his otherwise smooth Senate Armed Services Committee confirmation hearing, with panel members eager to fill the lingering Pentagon vacancy.
New radar leverages advanced, proven technology to counter future threats TEWSKBURY, Mass., July 16, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced the submission of its Lower Tier Air and ...
Schools in Massachusetts, California, Colorado, New Mexico and Texas chosen to inspire innovation and commemorate the 50th anniversary of historic moon landing WALTHAM, Mass. , July 16, 2019 /PRNewswire/ ...
WALTHAM, Mass. , July 16, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will issue its second quarter 2019 earnings news release at 7 a.m. EDT Thursday, July 25, 2019 . The release will be posted on ...
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.