Jacobs Engineering’s backlog position rose by $440 million sequentially to $18.8 billion in 4Q16. It’s just 2% shy of the previous record of $19.1 billion.
In the 4Q16 earnings call, Jacobs Engineering provided its initial guidance for the adjusted EPS and a brief overview of the prevailing market conditions.
There is little overlap between the product portfolios of Rockwell Collins (COL) and B/E Aerospace (BEAV). Rockwell Collins manufactures high-value avionics and electronic components, and B/E Aerospace supplies interior aircraft products.
Textron announced its 3Q16 earnings on October 20, 2016. Its earnings resulted in a price rise of nearly 3.7%, and the stock closed at $39.49 that day.
Textron Aviation increase its sales in the last two quarters after gaining traction for its new Latitude business jets. It has secured 150 orders from NetJets.
On August 16, Lockheed Martin completed the separation of its Information Systems & Global Solutions, which was merged with a subsidiary of Leidos Holdings.
In 2Q16, Spirit AeroSystems’ Fuselage Systems represented 50% of total revenues. Propulsion Systems and Wing Systems made up 26.3% and 23.2%, respectively.
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.
The Honeywell (HON) Automation and Control Solutions unit is a $14.1 billion enterprise and houses five different businesses serving different end markets.
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).
The US government gave a green light to Raytheon (RTN) in 2015 to export its 360-degree Gallium Nitride Active Electronically Scanned Array radar to 13 partner countries.
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.
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.
Both Honeywell and United Technologies recently confirmed that they had engaged in conversations related to a potential merger to create a global aerospace behemoth.
In the aerospace market, Honeywell (HON) provides mechanical and avionics equipment to airplane manufacturers, the space and defense industry, and flight operators.
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.
China Southern Airlines’ YTD performance is 14.90%. DEF is -7.98%. DEF’s PE ratio is 15.84x. China Southern Airlines is trading at a PE ratio of 5.43x.
China Southern Airlines is a $10.56 billion company. It’s affiliated with China Southern Air Holding Company. It specializes in air transportation services.
