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BA

Boeing

$235.68

-0.09 (-0.04%)

17:18
08/21/17
08/21
17:18
08/21/17
17:18

Boeing awarded $349.2M government contract

The Boeing Co., Huntsville, Alabama, has been awarded a $349,159,962 contract for Ground-based Strategic Deterrent. This contract is to conduct technology maturation and risk reduction to deliver a low technical risk, affordable total system replacement of Minuteman III to meet intercontinental ballistic missiles operational requirements. Work will be performed in Huntsville, Alabama, and other various locations as needed and is expected to be completed by Aug. 20, 2020. This award is the result of competitive acquisition and three offers were received. Fiscal 2017 research, development, test and evaluation funds in the amount of $5.7M are being obligated at time of award. Air Force Nuclear Weapons Center, Hill Air Force Base, Utah, is the contracting activity.

BA Boeing
$235.68

-0.09 (-0.04%)

08/01/17
ADAM
08/01/17
UPGRADE
Target $125
ADAM
Buy
Rockwell Collins upgraded to Buy at Canaccord
As previously reported, Canaccord analyst Ken Herbert upgraded Rockwell Collins (COL) to Buy from Hold. The analyst noted the selloff yesterday when Boeing (BA) said it would establish an avionics unit that could eventually bring more work in-house. He believes Rockwell Collins is relatively well protected in its markets and has a very strong reputation with Boeing as a top supplier. Herbert, who sees upside potential across the company's entire portfolio, raised his price target to $125 from $108 on Rockwell Collins shares.
08/01/17
ARGS
08/01/17
NO CHANGE
ARGS
Boeing price target raised to $270 from $240 at Argus
Argus analyst John Eade raised his price target on Boeing after the company delivered beat and raise results. The analyst is upbeat on the stock due to what he sees as its "significant backlog" and its high exposure to the commercial aerospace sector. He keeps a Buy rating on the shares.
08/03/17
FBCO
08/03/17
NO CHANGE
Target $80
FBCO
Outperform
Spirit AeroSystems price target raised to $80 from $74 at Credit Suisse
Credit Suisse analyst Robert Spingarn raised his price target for Spirit AeroSystems (SPR) to $80 from $74 following the "surprise announcement" that the company had reached a key master pricing agreement with Boeing (BA). The analyst expects shares to be up strongly, followed by profit takers who, once the euphoria wears off, would resume worrying about aerostructures supplier disintermediation and the possible price reductions Spirit AeroSystems may have agreed to down the road. Spingarn reiterates an Outperform rating on Spirit AeroSystems' shares.
08/21/17
UBSW
08/21/17
NO CHANGE
Target $81
UBSW
Buy
Spirit AeroSystems price target raised to $81 from $63 at UBS
UBS analyst David Strauss raised his price target on Spirit AeroSystems (SPR) to $81 from $63 to incorporate Q2 upside and pricing MOU with Boeing (BA). Strauss reiterated his Buy rating on Spirit AeroSystems shares, also noting the shares trade at a 20-30% discount to its peers.

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