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Raytheon Technologies has been awarded a $212.8 million supply and maintenance services contract by the US Missile Defense Agency to the United Arab Emirates (UAE).As part of the Foreign Military Sale (FMS) contract, Raytheon Technologies (RTX) will provide 1 prime power unit, an air- and highway-transportable, trailer-mounted 1.3MW (megawatt) generator set, and 5 years of sustainment services for 2 Terminal High Altitude Area Defense Army/Navy Transportable radar surveillance and control-series 2 (AN/TPY-2) radars.The work will be performed in Massachusetts, and some support services will be provided in-country. The contract is Oct. 1, 2020, through Sept. 30, 2025. UAE FMS funds in the amount of $212.8 will be used to pay for the contract.The contract type will be a hybrid firm-fixed-price, cost-plus-incentive-fee, cost-plus-fixed-fee and cost-reimbursement contract.Shares in Raytheon have plunged 35% so far this year as the aerospace and defense conglomerate has been suffering from the coronavirus-led crisis in the aviation industry....
To sustain a rally in the deferred futures contracts, we’re going to have to see a series of average to lower builds and increasing LNG exports....
Shares of Caesars Entertainment (CZR) gained 7.9% on Friday after a report that the casino-entertainment company is interested in buying the UK-based gaming firm William Hill. According to the Bloomberg report, William Hill also received a takeover proposal from private equity firm Apollo Global Management.Caesars is already a partner of William Hills and the two companies are in discussions about merging some of their US operations. According to UK takeover rules, Caesars has until October 23 to either announce a firm intention to make an offer or walk away. (See CZR stock analysis on TipRanks).On September 25, J.P. Morgan analyst Daniel Politzer raised the stock’s price target to $63 (10.4% upside potential) from $55 and reiterated a Buy rating. Politzer sees improving regional trends and expects better growth prospects for sports betting companies over the next few months. The analyst also believes that Caesars will benefit from the legalization of sports betting in...
Shares in American Airlines Group rose 2.5% in Friday’s extended market session after the ailing airline secured a $5.48 billion loan agreement from the US government.The stock closed 4.4% higher on Friday. Under the terms of the US Treasury facility, American Airlines (AAL) may have an option to increase the loan in October by an additional almost $2 billion to an aggregate $7.5 billion. The additional amount of the facility, which is made available under the US Coronavirus Aid, Relief, and Economic Security Act (Cares Act), is still subject to US Treasury approval.American said it already borrowed $550 million from the loan facility backed by its loyalty program and may borrow additional amounts in up to two subsequent borrowings until March 26, 2021. The proceeds from the loan facility will be used for certain general corporate purposes and operating expenses, the airline added. The interest rate for the $550 million loan...
Those holding boohoo group plc (LON:BOO) shares would be relieved that the share price has rebounded 29% in the last......
Gold prices are being influenced by a number of different contradictory factors, some traditionally good for bullion, others not....
Honeywell announced an increase of 3.3% in its annual dividend to $3.72 per share from $3.60. Based on the company's closing price on Friday, the new annual dividend implies a yield of 2.3%. It marks the 11th consecutive year in which the software-industrial company has ramped up its dividend.Honeywell International (HON) said that the new dividend will be effective in the fourth quarter, and the quarterly dividend of $0.93 per share will be payable on Dec. 4 to shareholders of record on Dec. 13.In July, Honeywell posted stronger-than-expected 2Q earnings of $1.26 per share, in comparison to analysts’ expectations of $1.21. Its revenues of $7.48 billion also beat the Street estimates of $7.29 billion. However, both earnings and revenues declined 40% and 19.1%, respectively, on a year-over-year basis due to a 26% decline in aerospace sales related to Boeing's 737 MAX delays and weak demand for commercial aircraft. (See HON stock...
