Defense Holding Their Ground
31/07/12 17:39
Raytheon (NYSE: RTN) recently reported that their second quarter earnings rose 7.5%. The company slated this increase as a result of lower costs and a widened profit margin. As a result of the increase, Raytheon raised its earnings outlook for the year. Per-share earnings of $5.70 to $5.85 are now expected, up from $5.55 to $5.70. As Pentagon spending remains a topic for debate, Raytheon and its peers have been expanding into new markets and territories. Raytheon is considered one of the most resilient U.S. Defense contractors, due in large part to its diversification and limited reliance on big-budget projects. Raytheon is currently bidding on a project to provide Turkey with a missile defense system.
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Honeywell Lifts Outlook
18/07/12 14:01
Recently there has been concern and talk of the defense sector drying up due to the coming November elections. True to form, defense spending is seen to slow as it gets closer to election time. Understandably, the sector is nervous about the policies of the new administration. Government spending and policies are a major part of this sector. However, even with tensions running high, Honeywell (NYSE: HON) recently lifted its outlook for the year. The company added 5 cents to its 2012 earnings outlook, putting together a new estimate of $4.40 to $4.55 per share. The company cited continued investment in new products, technologies, and initiatives as reasons for the change. In addition to this lifted outlook, Honeywell also posted an 11% higher second quarter profit in its earnings report.
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Motley Fool Blog Network "Is Northrop Just Putting On A Brave Face?"
27/04/12 18:39
Northrop Grumman (NYSE: NOC) raised their profit forecast for 2012. Are they really that confident? The newfound confidence came after a better than expected first quarter. In their defense, their first quarter income did increase by a whopping 2%, mostly aided by sales in Electronics. Net income from continuing operations totaled $506 million, compared with $496 million the year prior. Also, sales declined 8%. Does that truly add up to a case for raising their outlook for the entire year?
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