Bank of America Corporation
Company & Industry Overviews
Boeing and Lockheed Martin are competing for a $15 billion order. Defense spending is expected to increase as India’s armed forces modernize.
The Ivy European Opportunities Fund – Class A’s (IEOAX) assets were spread across 77 holdings as of March 2016. It was managing assets worth $224 million.
The Household and Non-Profit Institutions Serving Households saving ratio was estimated to be 4.70% in the second quarter—compared to 4% in the first quarter.
The Ivy European Opportunities Fund was launched in May 1999 and as of August 2015, it was managing assets worth $232.7 million.
Lockheed Martin’s (LMT) Aeronautics segment saw a 6% YoY growth in net sales. Net sales were driven by higher sales of the F-35 and C-130 programs.
The Aerospace segment is Northrop Grumman’s (NOC) highest contributor. It contributed ~41% of the company’s total third quarter revenues. The segment was still NOC’s strength.
Lockheed Martin earns maximum revenues from the F-35 II joint striker program. The program is part of its Aeronautics segment.
Lockheed Martin started deliveries on its major F-35 program just three years ago. Lockheed Martin works with almost 1400 suppliers, including companies like Northrop Grumman.