PowerShares Aerospace & Defense ETF
Why LMT’s Capital Allocation Is Unlikely to Disappoint Investors
In January 2016, Lockheed Martin unveiled its plan to shed its Information Systems and Global Solutions segment and merge it with Virginia-based Leidos Holdings (SAI).
Oshkosh Announces Its Future Projections
Price movement Oshkosh (OSK) has a market cap of $2.5 billion. It fell 10.6% to close at $50.88 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -9.0%, -5.9%, and 32.1%, respectively, on the same day. OSK is trading 7.9% below its 20-day moving average, 4.4% below […]
Dover Corporation: Growing by Acquiring
Since its inception, Dover Corporation (DOV) has followed an acquisition-based growth strategy. The company has acquired over 100 manufacturing companies since 1955, and it currently manages close to 30 independently operating companies under its umbrella.
What Were the Key Drivers behind Transdigm’s Revenue Gains?
In 3Q16, Transdigm Group’s (TDG) revenues were up 15.4% YoY to $797.7 million—below Wall Street analysts’ consensus estimates of $804.5 million.
Northrop Faces Fierce Challenge from Lockheed over T-X Contract
Both Boeing’s (BA) and Northrop Grumman’s (NOC) teams have submitted clean sheet bids to the US Air Force.
Why Analysts Expect Honeywell’s Revenues to Fall in 2Q17
Honeywell signed an agreement with VietJet Air to supply 98 auxiliary power units to its fleet of 135 Airbus A320s. The deal was valued at $100 million, which includes maintenance services for 12 years.
Honeywell Aerospace’s Recent Developments in Connectivity
In September 2015, Honeywell acquired Aviaso Software, a privately held aviation software company based in Switzerland. Aviaso develops and provides fuel efficiency and emission-saving software to the airline industry.
A snapshot of Honeywell’s Aerospace and Transportation segment
Honeywell’s Aerospace segment is a global provider of innovative solutions for regional and business aviation, defense systems, and air and other transportation systems.
Key Market Expectations for TransDigm’s Fiscal 4Q16
Aviation component manufacturer TransDigm Group is scheduled to declare its fiscal 4Q16 earnings on November 10, 2016.
Can the Learjet–Textron Cessna Combination Fly Higher?
Rumors have been flying about the potential sale of Learjet to Cessna Aircraft. Learjet is a light business jet manufacturing unit housed by Bombardier (BDRBF).
HEICO Corporation’s Revenue and Income Rose in Fiscal 4Q15
After HEICO’s (HEI) fiscal 4Q15 earnings report, HEI rose by 1.8% to close at $49.61 per share on December 15, 2015.
Raytheon: A Top Pick to Hedge against Political Risks
Credit Suisse cited L-3 Communications (LLL), Raytheon (RTN), and General Dynamics (GD) as its picks to hedge against the election cycle.
Market Expectations from Rockwell Collins in Its 3Q16 Earnings
Rockwell Collins (COL), which makes avionics for commercial and military aircraft, is scheduled to declare its 3Q16 earnings on July 25. The consensus analyst estimate COL’s adjusted EPS to rise by 19% on a year-over-year basis to $1.58.
Analysts Expect Raytheon to Beat Its 3Q16 Earnings Guidance
Raytheon will release its 3Q16 earnings on October 27. The consensus forecast is for Raytheon to post an adjusted EPS of $1.66—12.9% growth YoY.
How Does Ball Plan to Finance Its Offer to Rexam?
Ball (BLL) has a market capitalization of $8.9 billion. BLL rose by 2.0% to close at $65.15 per share as of February 9, 2016.
Honeywell Adds New Client to the GoDirect Family
Honeywell (HON) announced that it would be providing GoDirect Flight Efficiency Software to International Airlines Group.
Transdigm Buys DDC, Its Second-Largest Deal Ever
On May 24, Transdigm announced that it signed a definitive agreement to acquire DDC from Behrman Capital for a purchase price of $1 billion in cash.
Honeywell Declares Q2 Dividend of $0.82 per Share
In a press release on April 29, Honeywell (HON) declared a regular cash dividend for the second quarter of 2019.
Honeywell to Pay First-Quarter Dividend
Honeywell (HON) announced the key dates for its first-quarter dividend. The dividend is slated to be paid to eligible shareholders on March 8.
Honeywell Declares a Quarterly Dividend of $0.82 in Q1 2019
Today, Honeywell (HON) declared a regular cash dividend for the first quarter of 2019.
Honeywell Rises on Its Q4 Earnings Beat and Better 2019 Outlook
Honeywell International (HON) announced its fourth-quarter earnings results before the market opened on February 1, 2019.
Honeywell’s Q4 Revenues Could Decline
Analysts expect Honeywell to report revenues of $9.70 billion in the fourth quarter—a decline of 10.5% compared to the fourth quarter of 2017.
Honeywell to Collaborate with Optoro on Reverse Logistics
On January 10, 2019, Honeywell (HON) announced that it plans to collaborate with Optoro.
Honeywell to Shift Its Headquarters to Charlotte
On November 30, Honeywell (HON) announced that it will relocate its global corporate headquarters to Charlotte, North Carolina.
William Yu: New President of Honeywell China
In a press release on November 15, Honeywell (HON) said that William Yu will be the president of Honeywell China.
Honeywell Increased Fourth-Quarter Dividend
Honeywell declared a fourth-quarter dividend of $0.82 per share, an increase of 10% over the corresponding quarter of last year.
Honeywell Completed the Transnorm Acquisition
In a press release on November 9, Honeywell (HON) announced that it completed the acquisition of German-based Transnorm.
Honeywell’s Q3 Adjusted EPS Beat Estimates, Stock in the Red
Honeywell (HON) announced its Q3 2018 earnings on October 19. It reported adjusted EPS of $2.03, implying a 16.7% growth year-over-year.
Honeywell Beats Estimates Again in Q3 2018: Stock Rises
Honeywell (HON) reported third-quarter adjusted EPS of $2.03, an increase of 16.7% year-over-year, beating analysts’ expectation of $1.99.
Seven-Eleven and Honeywell’s Solstice N40 Refrigerants
On October 1, Honeywell (HON) announced that Seven-Eleven will adopt the company’s next-generation Solstice N40 refrigerants.
Honeywell Acquires Transnorm, Completes Garrett Motion Spin-Off
On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm.
Honeywell Increases Its Quarterly Cash Dividend by 10%
On September 28, Honeywell (HON) announced its dividend for the fourth quarter.
Alfa Laval Packinox Joined Honeywell’s Connected Plant Program
On September 18, Honeywell announced that Alfa Laval Packinox joined Honeywell’s connected plant. Alfa Laval specializes in heat transfer.
Honeywell Announced the Date for Its Q3 2018 Earnings
Honeywell continued its upward trend, gained ~1.4%, and closed at $165.11 for the week ending September 14.
Honeywell’s Garrett Motion’s Growth Driver Highlights
Garrett Motion expects to start regular trading October 1 on the NYSE under the symbol “GTX.”
Honeywell Acquires Ortloff Engineers
On September 4, Honeywell (HON) announced that it acquired Ortloff Engineers. Honeywell didn’t disclose the financial aspects of the deal.
Could Honeywell Be Set to Soar?
Honeywell (HON) reported its Q2 2018 earnings today, before the market opened.
Honeywell’s UOP Business and Navitas Midstream Partners
On July 10, Honeywell (HON) announced that its UOP business was awarded a contract from Navitas Midstream Partners.
Honeywell Extends Support to Sasol with Honeywell Connected Plant
Year-to-date, Honeywell (HON) stock has fallen 5.0%. However, analysts are bullish on the stock.
Honeywell Launches New Midstream Gas Metering Solution
On June 19, Honeywell (HON) launched a new gas metering solution. The new solution makes the company’s metering operations more reliable.
Updates on Honeywell’s Spin-Off Progress
Honeywell (HON) continued its progress on its earlier announced spin-offs.
Honeywell Strengthens in China with New UOP Order
On May 29, Honeywell (HON) bagged a new order from Shandong Tianhong Chemical for its C3 Oleflex propane dehydrogenation technology.
Honeywell UOP Business Bagged a New Client
HON rose 2.4% to close at $147.36 last week. Despite good gains, HON traded ~2.4% below its 100-day moving average of $151.0.
Honeywell’s Revenue: Could 1Q18 Be Its Best-Ever 1st Quarter?
Honeywell (HON) is expected to report revenue of $10.0 billion in 1Q18, representing a 5.7% increase from 1Q17’s $9.5 billion.
Honeywell Stock Soars on Strong 4Q17 Earnings
Honeywell International (HON) announced its 4Q17 earnings on January 26, 2018, before the market opened.
Honeywell Poised to Post Record Fourth Quarter Revenues
Honeywell (HON) is expected to report revenues of $10.8 billion in 4Q17, a 7.6% increase over the corresponding quarter last year.
Honeywell to Supply Cryogenic Gas Processing Plant to EagleClaw
Honeywell stock rose 2.2% and closed at $149.66 last week. The stock is trading 3.7% above the 100-day moving average price of $144.30.
How Do Aerospace and Defense Sector Dividends Look?
This series will discuss the top ten aerospace and defense products and services companies based on their dividend yields.
Honeywell Will Pay Its 3Q17 Dividend on September 8
On September 8, 2017, Honeywell (HON) will pay the third dividend to its shareholders for fiscal 2017. It announced a dividend of $0.67 per share.
Most Analysts Suggest a ‘Buy’ on Honeywell
Among the 19 analysts, 79% of the analysts recommended a “buy” on Honeywell, 21% recommended a “hold,” and none recommended a “sell.”
How Honeywell’s PMT Segment Performed in 1Q17
Honeywell’s (HON) Performance Materials and Technologies (or PMT) segment is HON’s third largest revenue contributor.
Oshkosh Declares Its Fiscal 1Q17 Results and Quarterly Dividend
Oshkosh (OSK) rose 4.2% to close at $72.55 per share during the fourth week of January 2017.
TransDigm Stock Dips on Weak Fiscal 2017 Guidance
TransDigm’s adjusted earnings per share rose 10.8% year-over-year to $2.77 and beat estimates by $0.09 in fiscal 4Q16.
Why Boeing Pension Plan Assumptions May Be Too Optimistic?
If BA manages to achieve its estimated returns and asset allocation, the weighted-average expected rate of return on plan assets would be short of 7%.
Elections up the Ante in Choosing Best Defense Stock Investment
With the US presidential elections upon us in a few weeks, investors may be looking for a cover that protects their portfolio from political risks.
Northrop Grumman Stock Jumps as Earnings Crush Estimates
Leading defense contractor (PPA) Northrop Grumman (NOC) declared its 3Q16 earnings on October 26, 2016. The company’s earnings per share rose 22%.
Revenue Synergies in the Rockwell Collins–B/E Aerospace Deal
Rockwell Collins (COL) has a network of ~300 dealers in the business aviation (PPA) channel while B/E Aerospace has none.
J.P. Morgan and Credit Suisse Upgrade Oshkosh Corporation
Oshkosh Corporation (OSK) has a market cap of $3.9 billion. It rose 3.0% to close at $52.42 per share on September 26.
How United Technologies Has Evolved over the Years
The origins of United Technologies (UTX) lie in the creation of the United Aircraft and Transportation Company (or UATC) in 1929.
How United Technologies’ ROIC Compares to Its Peers’
United Technologies’ falling ROIC is due to delayed payoffs, and its numbers should improve when its investments start paying off.
Bank of America/Merrill Lynch Upgrades Oshkosh to a ‘Buy’
Bank of America/Merrill Lynch upgraded Oshkosh’s rating to a “buy” from “neutral.” OshKosh reported fiscal 3Q16 net sales of $1.7 billion.
Transdigm Continues as a ‘Super Stock’ in 2016
Transdigm Group (TDG) became public in March 2006. Since then, the company’s stock has compounded wealth at an astonishing clip.
Despite a Downgrade, Spirit AeroSystems’ Guidance Looks Good
Despite a significant drop in profits, Spirit AeroSystems Holdings’ (SPR) FCF (free cash flows) were flat YoY (year-over-year) at $161 million.
Spirit AeroSystems’ Shares Take a Hop as it Wings Airbus Deal
In 2Q16, Spirit AeroSystems’ Fuselage Systems represented 50% of total revenues. Propulsion Systems and Wing Systems made up 26.3% and 23.2%, respectively.
Spirit AeroSystems’ Revenues Take Flight on Airbus 320 in Q2
Spirit AeroSystems’ revenues increased by 7.7% YoY to $1.83 billion in 2Q16. This was higher than Wall Street estimates of $1.69 billion.
RBC Capital Upgrades OshKosh Corporation to ‘Outperform’
OshKosh Corporation (OSK) has a market capitalization of $3.1 billion. It rose by 2.7% to close at $55.09 per share on July 29, 2016.
Weak Business Jet Hurt General Dynamics’ Sales
In General Dynamics’ Aerospace (XAR) segment, which is another name for the Gulfstream business jet subsidiary, sales fell 5.5% due to persistent weakness in demand.
How Did Oshkosh Perform in 3Q16?
Oshkosh (OSK) has a market cap of $3.0 billion. It rose by 9.9% to close at $53.65 per share on July 28, 2016.
Lockheed Martin’s Space Systems a Shining Star for Profits
The aeronautics (XAR) segment is Lockheed Martin’s largest segment and contributed 33.6% to overall segment profits in 2Q16.
Other Defense Majors Made for Better 2016 Picks Than Raytheon
Raytheon (LMT) has managed to beat consensus EPS (earnings per share) as well as revenue estimates seven times in the last eight quarters.
Analysts’ Thoughts on Raytheon Stock ahead of Its 2Q16 Earnings
The consensus rating among the 19 analysts covering Raytheon (RTN) hasn’t changed so far in 2016. The stock has 14 “buy” ratings and five “neutral” ratings.
Rockwell Collins: The View from Altitude for 2016
On July 14, 2016, Rockwell Collins (COL) stock closed at $85.82, and it had a trailing PE ratio of 17x.
How Elon Musk’s SpaceX Is Turning Up the Heat on Lockheed Martin
Lockheed Martin’s (LMT) Space Systems segment generated $9.1 billion in revenues in 2015, representing 20% of total annual revenues.
Key Updates on the Latest Deals Signed by Lockheed Martin
At the Farnborough International Airshow on July 12, Bravo Industries announced that it would purchase ten LM-100J Super Hercules commercial freighter aircraft from Lockheed Martin (LMT).
Lockheed Martin’s Deal with the Pentagon for 160 F-35 Aircraft
Lockheed Martin’s (LMT) Aeronautics (XAR) business segment accounted for $15.6 billion, or 34%, of consolidated net sales in 2015.
Lockheed Martin’s Fantastic Stock Run in 2016
Lockheed Martin (LMT) has managed to beat consensus EPS (earnings per share) estimates seven times in the last eight quarters.
Word on the Street: Market Expectations from UTX’s 2Q16 Results
The consensus estimate among Wall Street analysts is for United Technologies’s (UTX) adjusted earnings per share to fall by 7% year-over-year to $1.68 in 2Q16.
How Did United Technologies View Brexit Going into Its 2Q16 Earnings?
United Technologies (UTX) plans to release its 2Q16 earnings on July 19, 2016. With more than 8,000 employees in the UK, UTX’s stock fell by 3.4% to $98.89 on June 24 following the Brexit referendum.
Will General Electric Aviation Fly High in 2Q16?
General Electric’s (GE) Aerospace (ITA) segment is its largest business unit. It contributed to 24.0% of industrial sales in 1Q16.
John Bryant Promoted to President of Oshkosh Defense
John Bryant has been promoted to become Oshkosh Defense’s president and Oshkosh Corporation’s senior vice president, effective immediately.
Honeywell: A Stable Stock for Defensive Investors?
With negative returns of 0.1% until March 31, 2016, Honeywell (HON) stock was only marginally better than its peers and the Market.
Honeywell Completes Acquisition of Com Dev International
Honeywell (HON) purchased Com Dev for $345 million net of debt and cash, which was equivalent to ten times the EBITDA of the target.
Understanding Software’s Growing Stature in Honeywell Aerospace
Among its ground-breaking products, Honeywell Aerospace’s SmartPath Ground-Based Augmentation System is the world’s only certified satellite-based navigation and precision landing system.
Honeywell Software: A Kingmaker across Business Units
Honeywell (HON) has been quick to adopt a focus on software, dedicating more than half of its research staff to software-related products. Honeywell made $1 billion in standalone software sales in 2015.
How Stanley Works and Black & Decker Got Their Starts
Black & Decker was eventually merged with Stanley Works in 2010 to form the Stanley Black & Decker company (SWK).
The Honeywell Brand: Rise of an Icon
In 1999, Honeywell merged with AlliedSignal in a $15 billion transaction. At that time, Honeywell had earned $8.4 billion in revenues.
Why Honeywell Aerospace Is a High-Margin Business
In the aerospace market, Honeywell (HON) provides mechanical and avionics equipment to airplane manufacturers, the space and defense industry, and flight operators.
A Closer Look at Honeywell Aerospace’s Business Model
Honeywell has an installed base of 6,000 integrated cockpits, which is ten times greater than the next competitor.
What the Aerospace Industry Needs from Specialty Chemicals and Materials
The adoption of specialty materials in the aerospace industry is being driven by the rising use of lightweight alternatives over traditional equipment.
Oshkosh Corporation Cleared of Legal Challenges for JLTV Contract
Oshkosh Defense LLC is clear of the legal challenge related to the Joint Light Tactical Vehicle production contract after a competitor withdrew its protest from the US Court of Federal Claims.
What Are Analysts Estimating for Boeing in 2016?
Of the 24 analysts rating Boeing’s stock, 62.5% (15 analysts) have a “buy” rating, 29.2% (seven analysts) have a “hold” rating, and 8.3% (two analysts) have a “sell” rating.
Drexel Hamilton Downgrades Oshkosh’s Rating to “Hold”
Oshkosh Corporation, which has a market cap of $2.3 billion, fell by 4.4% to close at $31.47 per share on February 1, 2016.
Boeing’s Increasing Leverage Could Increase Its Risk
Boeing’s leverage rose by ~$1 billion in 4Q15 to $9.1 billion as it issued new debt. BA’s total debt-to-equity ratio has increased from 1.14x at the start of 2015 to 1.34x at the end of 4Q15.
How Does HEICO Corporation Compare to Its Peers?
The PBV (price-to-book value) ratios of HEICO, United Technologies, Honeywell International, Esterline Technologies Corporation, and Triumph Group are 4.3x, 2.7x, 4.3x, 1.6x, and 0.75x, respectively.
A look at UTX’s Pratt & Whitney segment performance in 2014
Pratt & Whitney saw a key milestone in 2014—FAA certification for the fuel-efficient Airbus A320neo platform.
SWOT analysis of Rockwell Collins
Rockwell Collins expects its Airborne Solutions/Avionics division to see good growth in the future due to the rising demand in Unmanned Air Vehicles (or UAVs).
An introduction to Rockwell Collins
In Q414, Rockwell Collins saw a 15% year-over-year boost in its top line to $1,402 million, primarily due to the ARINC acquisition.
Eyeing the next big airline market
The Asia-Pacific region could be the next big airline market due to GDP growth and population in countries like China, India, and Japan.
Why is General Dynamics such a strong company?
General Dynamics holds a number of patents that make it one of the most innovative companies, giving GD an edge over its competitors.