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June 16 (Reuters) - Ball Corp (BALL.N), the world's largest supplier of beer cans, is exploring a sale of its business that provides aerospace and national defense hardware, such as sensors and antennas, for over $5 billion, people familiar with the matter said on Friday. Ball launched an auction process to sell the aerospace unit in recent weeks, the sources said. Spokespeople for Ball and Textron did not immediately respond to requests for comment, while BAE declined to comment. Ball shares rose 7% to $58.57 in afternoon trading in New York on Friday, giving the company a market value of more than $18 billion. The aerospace business has been generating steady albeit limited cash flow for Ball, accounting for $170 million out of its $1.45 billion in comparable operating earnings in 2022.

Persons: Ball, David Carnevali, Leslie Adler, Bill Berkrot Organizations: Ball Corp, BAE Systems, Textron, Ball, BAE, National Aeronautics and Space Administration, NASA, Oceanic, Thomson Locations: Westminster , Colorado, New York

☆ The college student who tracks Elon Musk's private jet on Twitter is now monitoring the jet used by Ron DeSantis
▼ + stars: | 2023-05-20 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The student who tracks Elon Musk's private jet is now doing the same for Ron DeSantis's plane. Jack Sweeney created a new Twitter account that he said will track the governor's state-owned jet. The college student who tracks Elon Musk's private jet on Twitter has decided to give Florida governor Ron DeSantis the same treatment. Jack Sweeney, a student at the University of Central Florida, has set up a new Twitter account, @DeSantisJet, to track the government-owned jet the politician uses. Sweeney made headlines when Musk offered him $5,000 to take down the Twitter account that tracked his private jet.

☆ These are investor Mario Gabelli's favorite value stocks
▼ + stars: | 2023-04-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Billionaire investor Mario Gabelli is finding some value buying opportunities in this murky macroenvironment. Due to its reasonable balance sheet, solid management and defense tailwinds, Gabelli said investors can make 50% on their investment in two years' time. Finally, Gabelli highlighted Grupo Televisa SAB , a Latin American media company based in Mexico. In 2021, Grupo Televisa agreed to sell its media and content division in a deal valued at $4.8 billion, while maintaining a stake in the newly formed TelevisaUnivision. A potential public offering in the next year and a half should also benefit Grupo Televisa, now trading under $5 a share, Gabelli said.

☆ US GAO denies Lockheed protest of Textron $7 bln Army helicopter deal
▼ + stars: | 2023-04-06 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

WASHINGTON, April 6 (Reuters) - The U.S. Government Accountability Office on Thursday denied Lockheed Martin Corp's (LMT.N) protest of the Army contract for the Future Long Range-Assault Aircraft worth as much as a $7.1 billion, awarded to Textron Inc's (TXT.N) Bell helicopter unit over Lockheed's Sikorsky unit. The initial contract award was for $232 million, but the first batch of helicopters in low rate production will be worth $7.1 billion. Ultimately, the contract is potentially worth around $70 billion - over decades - depending on how many the Army and U.S. allies order, the Army has said. In the FLARAA competition was Bell's V-280 "Valor," a tiltrotor aircraft that has reached speeds in excess of 340 mph (547 kph) according to the Army. “We remain confident the Lockheed Martin Sikorsky and Boeing team submitted the most capable, affordable and lowest-risk Future Long-Range Assault Aircraft solution.

Jekta's electric-motor PHA-ZE 100 will generate zero emissions, according to the company. Gayo intends to use the planes for sustainable luxury travel and transport to remote areas, Gayo Chairman Gisle Dueland told Reuters. United Airlines (UAL.O) and Air Canada (AC.TO) have both said they would buy electric planes from Swedish start-up Heart Aerospace. United Nations Secretary General Antonio Guterres on Monday urged developed countries to commit to reaching net zero emissions by 2040 instead of 2050. Carbon dioxide emissions from tourism are expected to grow 25% by 2030 from 2016 levels if there are no changes, according to the U.N. World Tourism Organization.

☆ Billionaire investor Mario Gabelli names Textron as his defense stock pick
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mario Gabelli names Textron as his defense stock pickMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss his defense stock picks as well as what he sees in the sector.

☆ Exclusive: Ukraine seeks US cluster bombs to adapt for drone use, lawmakers say
▼ + stars: | 2023-03-06 | by ( Jonathan Landay | ) www.reuters.com time to read: +6 min

They said Ukrainian officials urged U.S. lawmakers at last month's Munich Security Conference to press for White House approval. Ukraine hopes cluster munitions will give it an edge in the grinding fight against Russian forces in eastern Ukraine. But cluster munitions could be a step too far for the administration and some in Congress. A 2008 pact prohibiting the production, use and stockpiling of cluster munitions has been adopted by 123 countries, including most of NATO's 28 members. "And cluster munitions really are pretty lethal to mass formations as well as armor.

☆ Bombardier jet deliveries to rise in 2023 on private flying boost
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] An attendee exits the Bombardier Global 6500 business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker/File PhotoFeb 9 (Reuters) - Canada's Bombardier Inc (BBDb.TO) on Thursday forecast higher business jet deliveries for 2023, after strong demand for private flying drove its quarterly results above expectations despite persistent supply-chain snags. Cessna jet maker Textron Inc (TXT.N) had also offered a strong 2023 forecast last month. It forecast 2023 revenue of more than $7.6 billion, compared with estimates of $7.69 billion, according to Refinitiv data. Free cash flow is expected to be over $250 million, compared with last year's $735 million.

Amazon.com Inc (AMZN.O), Salesforce Inc (CRM.N) and ServiceNow Inc (NOW.N), which have large cloud businesses, fell about 1% each. The S&P 500 technology index (.SPLRCT) shed 1.3%. Other major growth stocks, including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O), also dropped between 0.4% and 3%. News Corp (NWSA.O) jumped 6.1%, leading gains on the S&P 500, after Rupert Murdoch withdrew a proposal to reunite News Corp and Fox Corp. The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 45 new highs and 25 new lows.

Shares of Microsoft (MSFT.O) fell 3.9% after it warned that growth in its lucrative cloud business could stall, while its PC unit continued to struggle. The S&P 500 technology index (.SPLRCT) shed 2.1% to lead declines among the 11 major sector indexes. Amazon.com Inc (AMZN.O), Salesforce Inc (CRM.N) and ServiceNow Inc (NOW.N), which have substantial cloud businesses, fell between 2.5% and 4.5%. Other major growth stocks, including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O), also dropped between 1.5% and 3.0%. The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 29 new highs and 16 new lows.

☆ Morning bid: Cloudy outlook
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +4 min

And deep in the weeds of the fourth-quarter corporate earnings season, Microsoft's (MSFT.O) overnight rollercoaster probably defines the uncertainty. Microsoft stock surged almost 5% in after-hours trading on Tuesday after its bottom line beat the Street consensus. The mixed earnings picture dampened early week enthusiasm surrounding tech stocks and chipmakers. The chance it may force the Reserve Bank of Australia to lift interest rates again boosted the Aussie dollar. Key developments that may provide direction to U.S. markets later on Wednesday:* Bank of Canada policy decision.

☆ U.S. private jet buyers seek distressed planes in early sign of turbulence
▼ + stars: | 2023-01-24 | by ( Allison Lampert | ) www.reuters.com time to read: +5 min

[1/2] A Gulfstream logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. From preowned planes selling more gradually to flattening business jet traffic, demand is beginning to moderate, aviation lawyers, brokers and analysts said. Investors will be watching for clues when Gulfstream-maker General Dynamics Corp (GD.N) and Cessna business jet maker Textron Inc (TXT.N) report earnings on Wednesday. Planemakers rarely disclose cases of distressed planes, but argue they can easily resell unwanted models. Some buyers also scrambled late last year to find distressed planes to qualify for favorable taxation rules.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings could keep the market on edge in week ahead as investors wait for Fed
▼ + stars: | 2023-01-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

I do think that will happen even more in the week ahead as the Fed is in a blackout period. S & P Global PMI data is released for both services and manufacturing Tuesday. "The market continues to think the Fed does not have to administer as much medicine as the Fed tells us they plan to. Earnings, earnings, earnings Stocks were lower in the past week, with the S & P 500 off by 1.8%. "It's a mild earnings recession, but it's an earnings recession.

☆ Lockheed Martin Protests Loss of Military Helicopter Contract
▼ + stars: | 2022-12-29 | by ( Doug Cameron | ) www.wsj.com time to read: 1 min

Black Hawk helicopters, made by Lockheed Martin’s Sikorsky arm, flying near the U.S. military base in Mosul, Iraq, in a 2006 photo. Lockheed Martin Corp. said it has filed a protest against the Army’s decision to award Textron Inc. with the contract to build a new fleet of helicopters that analysts estimate could be worth up to $80 billion. The Army’s Future Long Range Assault Aircraft program is one of the Pentagon’s top priorities, aiming to replace hundreds or even thousands of UH-60 Black Hawk helicopters made by Lockheed’s Sikorsky arm.

☆ Stocks making the biggest moves premarket: Tesla, Cal-Maine, Southwest and others
▼ + stars: | 2022-12-29 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Cal-Maine Foods (CALM) – Cal-Maine slid 4.9% in premarket trading after its quarterly earnings came in below Wall Street forecasts. General Electric (GE) – GE spin-off GE HealthCare Technologies will join the S&P 500 when it begins trading as a separate public company on Jan. 4. Vornado will replace logistics company RXO (RXO), which will move to the S&P SmallCap 600. GE HealthCare — trading on a when-issued basis — rose 1% in the premarket, while Vornado was marginally lower and RXO jumped 3.3%. Apple (AAPL) – Apple is up 1% in premarket trading after closing Wednesday at a 1-1/2 year low.

☆ Stocks making the biggest moves midday: Netflix, Cal-Maine Foods, Southwest and more
▼ + stars: | 2022-12-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Cal-Maine Foods — Cal-Maine shares shed 15% after reporting earnings that fell short of Wall Street's expectations even as the egg producer reported record sales. Southwest Airlines — The airline stock rose more than 3%, paring back losses from the previous session when it dropped more than 5%. Severe disruptions at Southwest Airlines have drawn outsized criticism from frustrated travelers, who have dealt with thousands of canceled flights from airlines this week because of winter weather. Southwest Airlines canceled another 60% of its flights on Wednesday. Apple — The iPhone maker's stock rose more than 3% after hitting its lowest level since June 2021 earlier in the week.

☆ Lockheed's Sikorsky seeks review of Black Hawk replacement contract
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +1 min

Dec 28 (Reuters) - Lockheed Martin Corp's (LMT.N) Sikorsky unit on Wednesday sought a review of the U.S. Army's decision to award a contract for its next-generation helicopter to Textron Inc's (TXT.N) Bell unit. The company, which filed its protest with the U.S. Government Accountability Office (GAO), said it had partner Boeing Co's (BA.N) support. Earlier this month, the Army ended a years-long competition aimed at finding a replacement for the Black Hawk utility helicopter after it assigned the contract to Textron's unit. The filing of a protest by Lockheed and Boeing triggers a formal legal review from the GAO and requires a decision within 100 days, the agency said. The Army acknowledges Sikorsky's decision to file for protest and will comply with GAO's requirements, said a spokesperson for U.S. Army Program Executive Office - Aviation.

☆ Exclusive: U.S. defence companies in talks to sell Vietnam helicopters, drones -sources
▼ + stars: | 2022-12-15 | by ( Francesco Guarascio | ) www.reuters.com time to read: +4 min

A source who was present at the weapons discussions said they involved the Ministry of Public Security and Ministry of National Defence. A second person familiar with the matter said talks on drones and helicopters began before the arms fair and have involved more weapons. The U.S. embassy in Hanoi declined to comment, but Ambassador Marc Knapper has said the U.S. stood ready to discuss any military item Vietnam might want to acquire. Sources and analysts said Vietnam is also considering deals with suppliers from Israel, India, and European and Northeast Asian countries. In the last decade, Israel has been the second-biggest seller of weapons to Vietnam after Russia.

☆ Exclusive: U.S. defence companies in talks to sell Vietnam helicopters, drones
▼ + stars: | 2022-12-15 | by ( Francesco Guarascio | ) www.reuters.com time to read: +4 min

[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Future economic growth prospects were in focus on Tuesday following comments from financial titans pointing toward uncertain times ahead. The S&P banks index (.SPXBK) was down 2.6%, with Bank of America leading declines with a 5.6% drop. Fears about economic growth come amid a re-evaluation by traders of what path future interest rate hikes will take, following strong data on jobs and the services sector in recent days. "If economic growth continues to be better than what people are expecting, there are chances that the Fed would have to continue to be hawkish," said Rusty Vanneman, chief investment strategist at Orion Advisor Solutions.

[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Concerns about a steep increase in borrowing costs have boosted the dollar, while weighing on equities and bond markets this year, with the S&P 500 down 17.5%. The S&P 500 rallied 13.8% in October and November on hopes of smaller rate hikes and better-than-expected earnings. The bank sector index (.SPXBK) fell 2.1%, with Bank of America leading declines with a 4.9% drop. The S&P index recorded three new 52-week highs and eight new lows, while the Nasdaq recorded 30 new highs and 191 new lows.

[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. The lender's chief executive said the bank's research predicted three quarters of mild negative growth next year. JPMorgan Chase and Co's (JPM.N) top boss Jamie Dimon also warned of a mild to more pronounced recession ahead. As of Dec. 2, analysts expected S&P 500 companies to report a drop of 0.6% in fourth-quarter earnings after posting a 4.4% rise in the third quarter, according to Refinitiv IBES data. The S&P index recorded three new 52-week highs and six new lows, while the Nasdaq recorded 15 new highs and 109 new lows.

☆ Stocks making the biggest moves midday: Textron, Charter, Estee Lauder, Signet and more
▼ + stars: | 2022-12-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Textron – Shares of Textron jumped 6% after the company won a U.S. Army contract that could be worth $70 billion to provide next-generation helicopters. Charter Communications – Charter Communications fell 5% after analysts at Citi added a negative catalyst watch to the company heading into its analyst day. Signet Jewelers – Shares of Signet Jewelers surged 18% after the company announced earnings results that beat Wall Street's expectations before the market open Tuesday. SVB Financial Group – Shares of SVB Financial slid nearly 4%, reaching a 52-week low earlier in the day. Semiconductor stocks – Semi stocks Advanced Micro Devices and Nvidia fell 4% and 3.1% respectively amid a broader selloff in the Nasdaq.

☆ Stocks making the biggest moves in the premarket: Herbalife, GitLab, Textron and more
▼ + stars: | 2022-12-06 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

GitLab (GTLB) – GitLab shares surged 18.7% in the premarket following better-than-expected quarterly results for the maker of development operations software, with a smaller loss than analysts had anticipated and sales that exceeded consensus estimates. Textron (TXT) – Textron rallied 9.6% in the premarket after the company's Bell unit won a U.S. Army contract to provide next-generation helicopters. Signet Jewelers (SIG) – The jewelry retailer reported quarterly profit of 74 cents per share, well above the 31 cents a share consensus estimate. Revenue beat consensus estimates as well. The stock surged 8.1% in premarket action.

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