Stock Market News for June 09, 2016
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 9:10AM CDT
Benchmarks finished in the green on Wednesday following a weaker dollar and rally in oil prices
MMM: 167.96 (-0.60), NSC: 83.51 (-0.58), GE: 30.01 (-0.03), NUE: 50.51 (+0.01), RTN: 136.16 (-0.50), UNH: 138.59 (-0.65), FCX: 10.53 (+0.17), CSX: 26.84 (+0.06), BA: 130.66 (-0.48), LULU: 70.81 (+0.27), UPS: 104.21 (-0.31), AA: 9.47 (-0.02), CHK: 4.51 (+0.09), PX: 113.91 (+0.18), PPG: 108.25 (-0.99)
Raytheon Set to Possibly Pullback After Yesterday's Rally of 1.14%
Comtex SmarTrend(R) - Wed Jun 08, 12:34PM CDT
Raytheon (NYSE:RTN) traded in a range yesterday that spanned from a low of $134.02 to a high of $136.09. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $135.27 on volume of 908,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
RTN: 136.16 (-0.50)
SmarTrend Watching for Potential Pullback in Shares of Raytheon After 1.14% Gain
Comtex SmarTrend(R) - Wed Jun 08, 12:33PM CDT
Raytheon (NYSE:RTN) traded in a range yesterday that spanned from a low of $134.02 to a high of $136.09. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $135.27 on volume of 908,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
RTN: 136.16 (-0.50)
Raytheon/Aerojet Rocketdyne Ink Strategic Sourcing Contract
Subarna Chaudhuri - Zacks Investment Research - Wed Jun 08, 6:14AM CDT
Raytheon Company (RTN) has signed a new strategic sourcing agreement ("SSA"
AJRD: 17.69 (-0.36), RTN: 136.16 (-0.50), CAE: 12.89 (+0.02)
Research and Markets - Global Airport and Marine Port Security Market Report 2016-2025 - Established Players Include HCL Infosystems, Saab, FLIR Systems, Honeywell International, Siemens & Raytheon
PR Newswire Europe - Wed Jun 08, 5:11AM CDT
DUBLIN, June 08, 2016 Research and Markets has announced the addition of the "Airport and Marine Port Security Market by Security Technology, by Service (Facility and Asset Management, System Integration, Training and Consulting), by Infrastructure Type, by Region (NA, Europe, APAC, MEA, LA) - Global Forecast to 2025" [http://www.researchandmarkets.com/research/2rnd26/airport_and] report to their offering.
RTN: 136.16 (-0.50)
Defense Stock Roundup: L-3 Unit Scores $1B+ Air Force Tanker Contract; LMT, ULA in Winning List
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 2:08PM CDT
After negotiating market volatilities over the past few weeks, defense stocks have more or less regained their losses in the last five trading days.
HII: 161.12 (-2.04), GD: 140.67 (-0.86), LMT: 239.85 (-0.73), RTN: 136.16 (-0.50), TXT: 38.40 (-0.35), BA: 130.66 (-0.48), COL: 87.74 (-1.28), LLL: 146.17 (-0.03)
Raytheon, Aerojet Rocketdyne sign new strategic sourcing agreement
PR Newswire - Tue Jun 07, 7:00AM CDT
Raytheon Company (NYSE: RTN) and Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) have entered into a new Strategic Sourcing Agreement. Under the SSA, Aerojet Rocketdyne will act as a principal and long-term supplier of its legacy portfolio of propulsion systems and energetics products for key weapons programs.
AJRD: 17.69 (-0.36), RTN: 136.16 (-0.50)
Raytheon Hits 52-Week High on Investments, Foreign Sales
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:11AM CDT
Shares of Raytheon Company (RTN) scaled a new 52-week high of $133.98 on Jun 3, before closing a little lower at $133.86.
RTN: 136.16 (-0.50), CAE: 12.89 (+0.02), HEI: 65.74 (-0.81)
US Marine Corps awards Raytheon up to $249 million to refurbish vehicles
PR Newswire - Mon Jun 06, 8:00AM CDT
The U.S. Marine Corps Logistics Command has awarded Raytheon Company (NYSE: RTN) up to $249 million with options over five years for work on the Secondary Reparable, or SECREP program, rebuilding vehicle parts such as engines, transmissions and electronics. The Marine Corps takes delivery of the items at approximately half the price of buying new. The savings can be re-invested into Marine Corps logistics, helping to ensure the readiness of mission-essential vehicles.
RTN: 136.16 (-0.50)
Businesses wait for damaging cyber attacks before taking action: Study
PR Newswire - Mon Jun 06, 7:00AM CDT
A new global study commissioned by Raytheon (NYSE: RTN) reveals organizations worldwide wait until they fall victim to a damaging cyber attack before engaging a provider of managed security services, or MSS. Two-thirds of survey respondents indicated that not until there is a significant data loss from an IT security breach are their organizations motivated to engage a vendor.
RTN: 136.16 (-0.50)
Raytheon awarded $365 million U.S. Navy contract
PR Newswire - Fri Jun 03, 10:12AM CDT
Raytheon Company (NYSE: RTN) has been awarded a $365,848,801 fixed-price-incentive, cost-plus-fixed-fee contract for the production of Aegis Weapon System AN/SPY-1D(V) Radar Transmitter Group, Missile Fire Control System MK 99 equipment, and associated engineering services.
RTN: 136.16 (-0.50)
Raytheon awards $300,000 in MathMovesU middle school scholarships and grants
PR Newswire - Fri Jun 03, 8:00AM CDT
Raytheon Company (NYSE: RTN) awarded $300,000 in scholarships and grants to middle school students and their schools as part of its MathMovesU® program, an initiative designed to engage middle school students in math and science. Each of the 150 middle school students from across the United States will receive a $1,000 MathMovesU Middle School Scholarship to be used for a math, science or technology camp or program, or saved for the first year of college. Additionally, each recipient's school will receive a matching grant from Raytheon.
RTN: 136.16 (-0.50)
Raytheon (RTN) Crosses Pivot Point Resistance at $132.29
Comtex SmarTrend(R) - Thu Jun 02, 8:39AM CDT
Raytheon (NYSE:RTN) has opened bullishly above the pivot of $130.65 today and has reached the first level of resistance at $132.29. Investors may be interested in a cross of the next upside pivot targets of $133.35 and $136.04.
RTN: 136.16 (-0.50)
Raytheon and No Barriers Warriors seek wounded veterans for transformational expedition
PR Newswire - Thu Jun 02, 7:00AM CDT
Nominations are now being accepted for 14 wounded veterans to embark on a seven-day Grand Canyon Expedition, rafting on the Colorado River and hiking up the Bright Angel Trail. Raytheon Company (NYSE: RTN) will sponsor the expedition, which is designed to help veterans overcome barriers and live fuller lives. No Barriers USA will run the expedition itself.
RTN: 136.16 (-0.50)
Defense Stock Roundup: Boeing Scores Multi-Billion-Dollar Contract, Loses on KC-46 Tanker Delivery Delay
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 3:33PM CDT
Over the past one week, though defense primes smarted under market depreciations, it did not stop them from picking up big ticket programs from the Pentagon's funding list.
HII: 161.12 (-2.04), LMT: 239.85 (-0.73), RTN: 136.16 (-0.50), BA: 130.66 (-0.48), COL: 87.74 (-1.28), LLL: 146.17 (-0.03)
Research-and-Markets - Global Software Defined Radios Market CAGR Growth of 11.82% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Harris Corp, Raytheon, Data Link Solutions
PR Newswire Europe - Tue May 31, 9:11AM CDT
DUBLIN, May 31, 2016 /PRNewswire/ --
HRS: 81.12 (+0.12), RTN: 136.16 (-0.50)
Air and Missile Defense Radar Market by Range, Application, Platform & by Region - Global Forecast to 2021
PR Newswire - Mon May 30, 3:04PM CDT
The AMDR market is estimated to be valued at USD 8.79 billion in 2016 and is projected to reach USD 12.52 billion by 2021, at a CAGR of 7.34% from 2016 to 2021. With increased demand for defense surveillance over porous and attack-prone borders, greater spending on defense sector by developing countries, and rise in terrorism and ongoing inter-country conflicts, the market for AMDRs is expanding subsequently. Rapidly increasing deployment of ballistic and stealth missiles in active warzones around the world, such as the Middle-Eastern countries, have also pushed the demand for AMDRs significantly.
RTN: 136.16 (-0.50)
Raytheon (RTN) Secures Aegis Radar Transmitter Contract
Zacks Equity Research - Zacks Investment Research - Mon May 30, 6:02AM CDT
Raytheon Co.(RTN)has won a contract from the U.S. Navy for the production of Aegis Weapon System AN/SPY-1D(V) Radar Transmitter Group, Missile Fire Control System MK 99 equipment, and associated engineering services.
ESL: 64.38 (-1.51), RTN: 136.16 (-0.50), CAE: 12.89 (+0.02)