Aircraft maker The Boeing Co. (NYSE: BA) announced Wednesday morning that the company had made a number of changes in its top management, including the naming of the current COO of its defense systems group to be vice chairman, president, and CEO of the company. The head of the commercial aircraft division retains his previous title as president and CEO of the commercial division and has been promoted to vice chairman.
Dennis Muilenberg will assume his new role as COO on December 31st and move the company�� Chicago headquarters. The 49-year old engineer has worked at Boeing for 28 years and his appointment today anoints him as the heir-apparent to 64-year old CEO Jim McNerney. There was no indication that McNerney intends to step down soon, but the company now has a succession plan.
Muilenberg has presided over Boeing�� defense and space systems group since September 2009, and under his stewardship the group�� revenues have risen by about $600 million annually, to $32.61 billion. That�� a rise of just 1.9% over the past 3 fiscal years, and revenues for this year are on track to be about level with 2012 revenues. But the main thing to remember is that it could have been worse. Military aircraft revenues are unlikely to reach the $16.4 billion level again this year, but the group appears that it can make up a significant portion of the difference in network & space division work.
5 Best Defense Stocks To Invest In 2015: Cubic Corp (CUB)
Cubic Corporation (Cubic), incorporated on December 13, 1984, is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS), Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30, 2012, the Company�� CTS business accounted for approximately 37%; MSS and CDS accounted for approximately 36% and 27% of its net sales respectively. CTS specialize in the design, development, production, installation, maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators. As part of its turnkey solutions, CTS also provides these customers with a suite of business process outsourcing (BPO) services and expertise, such as card and payment media management, central systems and application support, retail network management, passenger call centers and financial clearing and settlement support. In March 2014, the Company acquired Intific Inc.
Mission Support Services
MSS is a provider of live, virtual and constructive training services to all four branches of the United States military, including the special operations communities, as well as to allied nations. In addition, MSS offers a range of national security solutions to the intelligence community. CDS is a provider of air and ground combat training systems for the United States and allied nations and a key supplier of secure communications solutions, including asset tracking and cyber products and intelligence surveillance and reconnaissance (ISR) data links. Services provided include live, virtual and constructive training, real-world mission rehearsal exercises, professional military education, intelligence support, information technology, information assurance and related cyber support, development of military doctrine, consequence management, infrastructure protection and force protection, as well as support to f! ield operations, force deployment and redeployment and logistics.
Cubic Transportation Systems
CDS focuses on two primary lines of business: training systems and secure communications. CTS is a systems integrator that develops and provides fare collection infrastructure, services and technology for public transport authorities and operators worldwide. The Company offers fare collection devices, software, systems and multiagency, multimodal integration technologies, as well as a suite of operational services. As of September 30, 2012, the Company installed over 90,000 devices and deployed several central systems which in total process approximately 10 billion fare-related transactions per year for approximately seven billion transit passengers.
As of September 30, 2012, the Company had 400 projects in 40 markets on five continents. The Company has implements and, in many cases, operates automated fare payment and collection systems for some of the mass transit systems, such as London, the San Francisco Bay Area and the Los Angeles region. It offers a range of services for transit authorities in transit markets worldwide, including computer hosting services, call center and Web services, payment media issuance and distribution services, retail point of sale network management, payment processing, financial clearing and settlement, software application support and outsourced asset operations and maintenance. The Company provides its services in regions, including London, Sydney, Brisbane, Sweden, Washington district of Columbia, Los Angeles, San Francisco and Atlanta. CTS operate full service operation centers in North America, Europe and Australia. As of September 30, 2012, the Company was designing and building new systems in Chicago, Sydney and Vancouver.
Mission Support Services
MSS provides services within the scope of small-to large-scale military training exercises, including live, virtual and constructive training exercises and suppor! t. Traini! ng services include full life-cycle support from planning through after action reviews as well as the associated support, such as operational, technical and logistical support. In addition, the segment provides a broad range of national security solutions, including subject matter and operational expertise, advanced tactical training and cyber security services, to the intelligence, special operations, law enforcement and homeland security communities. Customers include all branches of the United States military, non-military agencies and allied nations under arrangements with the United States government. MSS is the prime contractor at more than 40 military training and support facilities and supports more than 200,000 exercises and training events per year.
The Company provides training and rehearsals for both small and large scale combat operations, training and preparation of military advisor teams, mobilization and demobilization of forces prior to and following deployment, combat and material development, military staff augmentation, information technology and information assurance, logistics and maintenance support for fielded and deployed systems, support to national security and special operations activities; peacekeeping; consequence management and humanitarian assistance operations worldwide. It plans, prepares, executes and documents realistic and focused mission rehearsal exercises (using both live and computer-based exercises) as final preparation of forces prior to deployment. In addition, it provides consultation and advisory services to the governments and militaries of allied nations.
The Company�� contracts include providing mission support services to three of the United States Army's CTC's: JRTC as prime contractor and the national training center (NTC) and Mission command training program (MCTP) as a principal subcontractor. These services include planning, executing and documenting realistic and stressful exercises and mission rehearsals that increase t! he readin! ess of both active and reserve the United States conventional and special operations forces by placing them in situations as close to actual combat as possible.
MSS is a principal member of the contractor team, to the United States armed services, that supports and helps manage and execute all aspects of the operations of the Joint Coalition Warfare Center (JCWC), including support to worldwide joint exercises and the development and fielding of the Joint National Training Capability (JNTC). Under the Marine Air Ground Task Force (MAGTF) Training Systems Support (MTSS) contract, it provides training and exercise support to the United States Marine Corps forces worldwide, including real-world mission rehearsals. It planned and executed virtually all Marine Corps simulation-based exercises worldwide under the original MAGTF Staff Training Program (MSTP) and its successor, the MTSS, directly preparing Marines for combat operations.
It provides training and professional military education support to the United States Army's Quartermaster Center and School, the Signal School and to the Transportation School. It also provides contractor maintenance and instructional support necessary to operate and maintain a wide variety of flight simulation and training systems and other facilities worldwide, for United States and allied forces under multiple long-term contracts, including direct support to USMC aircrew training systems worldwide. In addition, it provides a range of operational support to the United States Navy for Anti-Submarine Warfare (ASW) and counter-mine operations and training. It provides research, development and technical engineering (RDTE) support to the United States Air Force Research Laboratories (AFRL) for assistance in the identification and application of current, new and emerging technologies to proof-of-principle evaluations of advanced operational concepts. Its services, products and capabilities include development and deployment of curriculum and related cours! eware, co! mputer-based training, knowledge management and distribution, advanced distance learning (e-learning), serious military games for training, and other advanced education programs for United States and allied forces.
Cubic Defense Systems
CDS is focused on two primary lines of business: training systems and secure communications. This segment is primarily a diversified supplier of live and virtual military training systems and secure communications products to the DoD and more than 35 allied nations. The Company designs and manufactures air and ground combat training systems for fighter aircraft, armored vehicles and infantry, as well as weapons effects simulations, laser-based tactical and communication systems. The Company also designs and manufactures secure communications products focused on intelligence, surveillance, asset tracking and search and rescue.
The segment designs, manufactures and fields a range of technologies that are critical to combat readiness, supply chain logistics and national security for the United States and allied nations. Its primary lines of business include air combat training ranges and after action review software, ground combat training systems, including a full range of laser engagement simulation systems, virtual small arms training systems, intelligence, surveillance and reconnaissance (ISR) data links, personnel locator systems, multi-band communication tracking devices and cross domain appliances for cyber security. It also provides ongoing support services for systems it has built for several of its international customers.
Its training systems business designs and manufactures of instrumented training systems and products for militaries of allied nations. It designs and manufactures air and ground combat training systems for fighter aircraft, armored vehicles and infantry, as well as weapons effects simulations, laser-based tactical and communication systems. These systems collect and record simulated weapons eng! agements,! tactical actions and event data to evaluate combat effectiveness and lessons learned and provide a basis to develop after action reviews. It also designs and manufactures secure communications products focused on intelligence, surveillance, asset tracking and search and rescue.
Its training business is organized into air combat, ground combat and virtual training divisions. Ground combat training uses systems analogous to air ranges for ground force training. The systems are generally known as tactical engagement simulation systems or multiple integrated laser engagement system (MILES). It supplies MILES equipment as part of CTC contracts. Its Virtual Training product line provides virtual training systems for various applications, employing actual or realistic weapons and systems together with visual imagery to simulate battlefield environments. Cubic also provides maintenance trainers for combat systems and vehicles, as well as operational trainers for missiles, armored vehicles and naval applications.
Its communications business is a supplier of secure data links, radio frequency amplifiers, direction finding systems, remote video terminals, and search and rescue avionics for the United States military, government agencies, and allied nations. Personnel Locator System (PLS) is standard equipment on United States aircraft with a search and rescue mission. PLS is designed to interface with all modern search and rescue system standards. It also supplies amplifiers and direction finding systems to prime contractors and end users for both domestic and international applications. These include systems used by the Canadian Coast Guard, the United States Navy, the United States Air Force and the French Army.
The Company competes with Lockheed Martin, Northrop Grumman, General Dynamics, Boeing, L3 Communications and SAIC.
Advisors' Opinion:- [By Lee Jackson]
Cubic Corp. (NYSE: CUB) makes the list at J.P. Morgan. It has three major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the United States and allied nations. Investors are paid a small 0.5% dividend. The J.P. Morgan price target is $57. The Thomson/First Call estimate is $56.20. The stock closed Tuesday at $52.51.
- [By Rich Smith]
The Department of Defense awarded San Diego-based Cubic Corporation (NYSE: CUB ) a $19.9 million contract modification Friday, amending a previously awarded firm-fixed-price, foreign-military-sales contract in support of the Israeli military.
5 Best Defense Stocks To Invest In 2015: RELM Wireless Corp (RWC)
RELM Wireless Corporation (RELM) provides two-way radio communications equipment. RELM designs, manufactures and markets wireless communications products consisting of two-way land mobile radios, repeaters, base stations, and related components and subsystems. Two-way land mobile radios can be units that are hand-held (portable) or installed in vehicles (mobile). The Company's P-25 digital products and the Company's analog products function in the VHF (136 megahertz - 174 megahertz), UHF (380 megahertz - 470 megahertz, 450 megahertz - 520 megahertz) and 700-800 megahertz bands. The Company offers products under two brand names: BK Radio and RELM. BK Radio-branded products serve the government and public safety market and RELM-branded products serve the business and industrial market.
BK Radio-branded products consist of land-mobile radio equipment for professional radio users primarily in government and public safety applications. RELM's P-25 digital products are marketed under the BK Radio brand. RELM-branded products provide two-way communications for commercial and industrial concerns, such as hotels, construction firms, schools, and transportation services. The Company provides products to a range of customers, including emergency, public safety, homeland security and military customers of federal and state government agencies, as well as various commercial enterprises. The Company's two-way radio products are used in harsh and hazardous conditions.
The Company competes with Motorola Solutions, Inc.
Advisors' Opinion:- [By Roberto Pedone]
Relm Wireless (RWC) is engaged in the designing, manufacturing and marketing wireless communications products consisting of two-way land mobile radios, repeaters, base stations and related components and subsystems. This stock closed up 2.8% to $3.58 in Tuesday's trading session.
Tuesday's Range: $3.40-$3.58
52-Week Range: $1.42-$3.74
Tuesday's Volume: 106,000
Three-Month Average Volume: 74,659From a technical perspective, RWC trended higher here right above some near-term support levels at $3.20 to $3.10 with above-average volume. This stock has been uptrending for the last two months, with shares moving higher from its low of $2.62 to its intraday high of $3.58. During that move, shares of RWC have been making mostly higher lows and higher highs, which is bullish technical price action. That move is quickly pushing shares of RWC within range of triggering a major breakout trade. That trade will hit if RWC manages to take out its 52-week high at $3.74 with high volume.
Traders should now look for long-biased trades in RWC as long as it's trending above some near-term support levels at $3.20 or its 50-day at $3.10 and then once it sustains a move or close above $3.74 with volume that hits near or above 74,659 shares. If that breakout hits soon, then RWC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4.50 to $5.
Top 10 Machinery Stocks For 2015: Safran SA (SAF)
Safran SA is a France-based high-technology company which produces aircraft and rocket engines and propulsion systems. It divides its work into three segments: Aerospace, Aircraft, Defense and Security. The Aerospace Propulsion division provides engines, turbines and parts for aircraft, and rocket boosters for civil, military and spatial markets through several subsidiaries, including Snecma, among others. The Aircraft Equipment division produces landing gear, wheels and carbon brakes, aircraft engine nacelles and airborne power electronics through its subsidiaries, including Aircelle, among others. The Defense division includes the subsidiary, Sagem, and makes systems and equipment for inertial navigation and other defense applications to be used on military transport and combat aircraft, helicopters, warships, armored vehicles and artillery systems. In October 2013, the Company completed the sale of its United States-based subsidiary, Global Motors Inc to Allied Motion Inc. Advisors' Opinion:- [By Sofia Horta e Costa]
Vivendi SA climbed 2.7 percent after posting better-than-estimated third-quarter profit and saying it plans to spin off its French phone carrier SFR by July 2014. Serco Group Plc (SRP) increased 1.7 percent as UBS AG upgraded the stock. Safran SA (SAF) lost 3.2 percent as its largest shareholder sold a stake.
5 Best Defense Stocks To Invest In 2015: Thales SA (HO)
Thales SA is a France-based provider of integrated solutions and equipment of security systems primarily to the aerospace and defense markets. The Company operates in numerous countries through its divisions, including Aerospace, specialized in onboard equipment, electronics and systems for the civil and military markets; Space, offering solutions combining space and terrestrial technologies; Defence, which designs and delivers systems for all four environments: air, land, sea and space; Security, which offer the emergence of new types of threats from terrorism and organized crime to drug trafficking, mass immigration and cyber attacks; and Transportation, which offers a range of railways signaling solutions and integrated transportation systems, to ensure safe and secure transportation of operators, freight and passengers. In November 2013, it acquired XPI Simulation Ltd. In February 2014, it created a new business line called Critical Information Systems and Cybersecurity. Advisors' Opinion:- [By USATODAY 8 a.m. EST February 15]
Alex Pettyfer about to take the wheel of the Maserati Gran Turismo for a joyride with co-star Dayo Okeniyi.(Photo: HO)
Pettyfer and Okeniyi's character end up joyriding in the car along with Gabriella Wilde, who plays the rich girl falling in love with Pettyfer.
5 Best Defense Stocks To Invest In 2015: Wesco Aircraft Holdings Inc (WAIR)
Wesco Aircraft Holdings, Inc., formerly Wesco Holdings, Inc., incorporated on July 21, 2006, a holding company for Wesco Aircraft Hardware Corp. The Company is a distributor and provider of supply chain management services to the global aerospace industry. Its services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT), delivery and point-of-use inventory management. The Company operated principally in three geographic areas, North America, Europe and markets, such as Asia, Pacific Rim and the Middle East. Wesco Aircraft Hardware Corp, its wholly owned, primary domestic operating subsidiary, Wesco Aircraft Europe, Ltd., its primary foreign operating subsidiary, and certain other foreign operating subsidiaries, in connection with the acquisition of 100% of the outstanding stock of Wesco Aircraft Hardware Corp., Wesco Aircraft Israel and the European entities of Flintbrook Ltd., Wesco Aircraft France and Wesco Aircraft Germany by Wesco Aircraft. In July 2012, the Company completed the acquisition of Interfast Inc. In March 2014, Wesco Aircraft Holdings Inc completed the acquisition of Haas Group Inc from certain investment funds affiliated with The Jordan Company, L.P.
Kitting involves the packaging of an entire bill of materials or a complete ship-set of parts, which reduces the amount of time workers spend retrieving parts from storage locations. Kits can be customized in varying configurations and sizes and can contain up to several hundred different parts. JIT supply chain management involves the delivery of parts on an as-needed basis to the point-of-use at a customer's manufacturing line. The Company supplies approximately 450,000 different stock keeping units (SKUs), including hardware, bearings, tools, electronic components and machined parts. During the fiscal year ended September 31, 2010 (fiscal 2010), sales of hardware represented 80% of its net sales, with highly engineered fasteners constituting 83% o! f that amount. The Company serves its customers under three types of arrangements: JIT contracts, which govern outsourced supply chain management services; long term agreements (LTAs), which set prices for specific parts; and ad hoc sales. JIT contracts and LTAs, together consists of approximately 63% of its fiscal 2010 net sales. The Company supplies products to approximately every Western aircraft in production, including the B-787, B-737, B-747, A-320, JSF and V-22.
Hardware
Sales of C class aerospace hardware represented approximately 80% of its fiscal 2010 product sales. Fasteners are its product category, consisting of approximately 83% of its hardware sales in fiscal 2010. Fasteners include a range of engineered aerospace parts that are designed to hold together two or more components, such as rivets (both blind and solid), bolts (including blind bolts), screws, nuts and washers. Many of these fasteners are designed for use in specific aircraft platforms and others can be used across multiple platforms.
Bearings
The Company offers aerospace bearings. Its product offering includes a variety of standard anti-friction products designed to both commercial and military aircraft specifications, such as airframe control bearings, rod ends, spherical bearings, ball bearing rod ends, roller bearings and bushings.
Electronic Components
The Company offers interconnect and electro-mechanical products, including connectors, relays, switches, circuit breakers and lighted products. The Company also offers value-added assembled products, including mil-circular and rack and panel connectors and illuminated push button switches. The Company maintains connector components in inventory, which allows the Company to respond to customer orders. In addition, its lighted switch assembly operation affords customers same day service, including engraving capabilities in multiple languages.
Machined Parts and Other
Machined par! ts are de! signed for a specific customer and are assigned original product manufacturers (OEM)-specific SKUs. The machined parts, the Company distributes include laser cut or stamped brackets, milled parts, shims, stampings, turned parts and welded assemblies made of materials ranging from high-grade steel or titanium to nickel based alloys. The Company stock a range of tools needed for the installation of its products, including air and hydraulic tools, as well as drill motors, and the Company also offers factory authorized maintenance and repair services for these tools. In addition to selling these tools, the Company also rents or leases these tools to its customers.
Advisors' Opinion:- [By Holly LaFon]
We initiated a small position in Wesco Aircraft Holdings (WAIR) during the quarter. Wesco is a distributor and supply chain manager to the commercial and military aerospace markets. The company should benefit from the multi-year commercial aerospace build-out that is underway. We expect this tailwind to provide visible growth through at least 2017. Wesco also has an opportunity to provide more services to large defense contractors as funding pressures force the industry to become more efficient. If the company can improve margins along the way, we think the resulting earnings growth could provide reasonable-to-good return potential for the stock.From Wallace Weitz (Trades, Portfolio)'s first quarter 2014 report.Also check out: Wallace Weitz Undervalued Stocks Wallace Weitz Top Growth Companies Wallace Weitz High Yield stocks, and Stocks that Wallace Weitz keeps buying Currently 0.00/512345
Rating: 0.0/5 (0 votes)
- [By alicet236]
Wesco Aircraft Holdings Inc. (WAIR): Chairman, President and CEO Randy J. Snyder Sold 70,000 Shares
Chairman, President and CEO of Wesco Aircraft Holdings Inc. (WAIR) Randy J. Snyder sold 70,000 shares during the past week at an average price of $19.77. Wesco Aircraft Holdings Inc. has a market cap of $1.86 billion; its shares were traded at around $19.71 with a P/E ratio of 18.50 and P/S ratio of 2.10.
- [By Ben Levisohn]
Stallard sees KEYW Holding (KEYW) and Textron (TXT) potentially missing earnings, while Honeywell (HON),� Alliant Techsystems (ATK),�Lockheed Martin (LMT),�Raytheon (RTN) and�Wesco Aircraft (WAIR) could beat.
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