Raytheon Missile Systems, an operating unit of Raytheon Company (RTN), received a $93.9 million contract from the Naval Sea Systems Command, authorizing the start of production of Standard Missile-6 (SM-6). The anti-air warfare missile completed tests in August 2009, validating the go-ahead to initiate production. Work on the contract – expected to be completed by March 2012 – will be executed in Tucson, AZ, Camden, AR, Boston, MA and elsewhere. Raytheon Missile Systems’ contractual backlog of late has witnessed a slide from $9.9 billion after the end of the fiscal 2008 to $7.6 billion after the end of the first-half of fiscal 2009. This was mainly due to the cancellation of the $2.4 billion KEI program. The initiation of production of the SM-6 missile generated another steady stream of orders for the company. Raytheon is the one of the largest aerospace and defense companies in ...

DrStockPick.com Stock Report!

Friday August 28, 2009

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The national law firm of McKool Smith is announcing a $138 million jury verdict against global software provider SAP America (NYSE: SAP) and its German-based parent company SAP AG, in a patent infringement lawsuit won by Austin, Texas-based Versata Software Inc., a pioneer in front-office enterprise software.

Salon City, Inc. (PINKSHEETS: SALN), an emerging media company, lifestyle brand and publisher of its flagship publications, BE! and Salon City magazines, announced the recent signing of a 2009-10 branding and advertising contract with Great Lengths — the beauty industry’s number one hair extension manufacturer. The contract calls for Great Lengths to be branded in Salon

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DrStockPick.com Stock Report!

Friday July 31, 2009

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Constellation Energy (NYSE: CEG) today reported adjusted earnings of $1.08 per share for the second quarter of 2009, compared with adjusted earnings of $1.82 per share in the same period last year. Adjusted earnings exclude the cumulative effects of changes in accounting principles, discontinued operations and special items (which are defined as significant items that are not related to our ongoing, underlying business or which distort comparability of results). On a generally accepted accounting principles (GAAP) basis, the company reported earnings of $0.04 per share, compared with earnings of $0.95 per share in the second quarter of 2008. Second quarter 2009 GAAP results reflect negative impacts primarily

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Raytheon (RTN) announced better-than-expected 2nd quarter results. The defense electronics giant -- in contrast to the flagship of defense contractors, Lockheed Martin Corporation (LMT) -- reported 25% higher EPS of $1.24 over the year-ago quarter. Lockheed Martin reported 13% lower EPS over the year-ago quarter. While Lockheed was swept away by pension blues, Raytheon gained $11 million during the quarter from pension adjustments. The Details Raytheon exceeded both our and market expectations of $1.13 for the quarter. Operating income fell marginally year-over-year (1.9%) in the Integrated Defense Systems (IDS) and Missile Systems (MS, 7%) segments. This was more than made up by Network Centric Systems (NCS, 12.6%), Space and Airborne Systems (SAS, 24.1%) and Technical Services (TS, 17.8%), along with steady Intelligence and Information Systems (IIS). On the revenue front, although Raytheon grew 4% during the quarter to $6.1 billion, it failed to ...

 Raytheon Continues to Report Improved ResultsRaytheon Co. (RTN) continues to consistently report improved year-over-year revenue and EPS results.The bullish story on Raytheon revolves around signs of an improving business jet market, increased defense spending, superior backlogs, and strong cash flow. Revenue and earnings growth continue to be driven by strong demand for missile and missile defense systems as well as network-centric mission solutions, including sensor and communication systems.Raytheon announced strong financial results for its 1st quarter of 2009. Excluding non-recurring items, earnings from continuing operations were $457 million, or $1.11 per diluted share ($1.12 basic), up 14%, compared to earnings of $401 million, or $0.92 per diluted share ($0.94 basic), in the year-ago quarter. In the reported quarter, net income increased to $452 million, or $1.12 per diluted share ($1.13 basic), from $398 million, or $0.92 per diluted share ($0.94 basic), recorded ...