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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 09:31 EDT
SunTrust analyst Michael Ciarmoli raised his price target on RBC Bearings (ROLL) to $140 in spite of its Q4 earnings miss, citing the strength in its industrial end market coupled with "only modest quarterly revenue headwinds" related to Boeing's (BA) 737 MAX production delays. The analyst still keeps his Hold rating on RBC Bearings to reflect the "fluid" 737 MAX situation, but believes that the company's "best-in-class model" may "act as an offset" to that uncertainty.
News For ROLL;BA From the Last 2 Days
Nov 24, 2021 | 17:17 EST
Boeing was awarded a $212.63M cost-plus fixed fee and firm-fixed-price modification to an existing delivery order contract to procure six MH47-G renew rotary wing aircraft and eight spare shipsets in support of U.S. Special Operations Command. FY21 procurement; and aircraft procurement, Army funds in the amount of $212.63M are being obligated at the time of award. The majority of the work will be performed in Ridley Park. This delivery order modification is a noncompetitive award and is in accordance with Federal Acquisition Regulation 6.302.1. U.S. Special Operations Command is the contracting activity.