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BA

Boeing

$360.65

-3.62 (-0.99%)

11:49
01/28/19
01/28
11:49
01/28/19
11:49

Boeing announces award of $2.4B P-8A Poseidon contract from U.S. Navy

The U.S. Navy has awarded Boeing a $2.4B production contract for the next 19 P-8A Poseidon aircraft, the company confirmed in an announcement. The contract includes 10 aircraft to add to the current inventory of P-8As in the U.S. Navy fleet, all five jets currently under contract for Norway and the four aircraft remaining for the existing United Kingdom contract, bringing the total United Kingdom acquisition to nine aircraft. The United Kingdom and Norway are acquiring the Boeing aircraft through the Foreign Military Sales process and will receive a variant designed and produced for the U.S. Navy called the P-8A Poseidon. The United Kingdom will receive their first aircraft in 2019 and Norway will begin receiving aircraft in 2021, Boeing said. The Fly notes that it was previously reported by the military on January 25 that Boeing had been awarded a $2.46B modification to a previously awarded firm-fixed-price, cost-plus-fixed-fee contract.

  • 30

    Jan

BA Boeing
$360.65

-3.62 (-0.99%)

01/15/19
JEFF
01/15/19
NO CHANGE
JEFF
Jeffeires finds Aerospace Aftermarket survey positive for Boeing, TransDigm
Jefferies analyst Sheila Kahyaoglu says conclusions from her firm's Aerospace Aftermarket survey indicate a "healthy" outlook for aftermarket volumes of 5%, but one that is slightly below investor expectations of 5%-7%. The lower figures from the survey respondents may be due to a higher proportion of volumes associated with original equipment manufacturers, Kahyaoglu tells investors in a research note. She found the survey results positive for Boeing (BA) and TransDigm (TDG).
01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
01/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
01/10/19
NO CHANGE

Morgan Stanley upgrades Boeing, downgrades Lockheed in A&D ratings shake-up
As previously reported, Morgan Stanley analyst Rajeev Lalwani upgraded Boeing (BA) to Overweight from Equal Weight and downgraded Lockheed Martin (LMT) to Equal Weight from Overweight as he adjusted his picks within Aerospace & Defense to focus more on those with visibility to free cash flow growth. Boeing shares are down about 15% from their highs, creating a favorable set-up, and the resilience of the EPS and free cash profile should remain in place within Commercial Aerospace, barring a downturn, Lalwani tells investors. He raised his price target on Boeing shares to $450 from $400. With the F-35 plateauing and pension tailwinds receding, Lalwani sees emerging headwinds on earnings and cash flow post 2020 for Lockheed, he said in explaining his downgrade of the stock. He lowered his price target on Lockheed shares to $300 from $366.

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