DIRS.INFO The most relevant business & tech news

☆ Bezos' Blue Origin wins NASA contract to build astronaut lunar lander
▼ + stars: | 2023-05-19 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

The Blue Origin contract is valued roughly $3.4 billion, NASA's exploration chief Jim Free said, with Blue Origin privately contributing "well north" of that amount, Blue Origin's lunar lander head John Couluris said. Blue Origin plans to build its 52-foot (16-meter) tall Blue Moon lander in a partnership with Lockheed Martin (LMT.N), Boeing(BA.N), spacecraft software firm Draper, and robotics firm Astrobotic. Friday's announcement in Washington was a long-awaited outcome for Blue Origin, which had unsuccessfully had competed for past contracts. After losing in 2021, Blue Origin unsuccessfully fought to overturn NASA's decision to ignore its Blue Moon lander, first with a watchdog agency and then in court. Blue Origin and lawmakers had pressured NASA to award a second lunar lander contract to promote commercial competition and ensure the agency has a backup ride to the moon.

☆ U.S. Air Force to award sixth-generation fighter contract in 2024
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - The U.S. Air Force intends to award a contract in 2024 for its sixth-generation fighter jet as it races to retain its edge against rapid advances in Chinese military technology, the service said on Thursday. The Air Force released a classified solicitation to industry on Thursday laying out the technical requirements. The new fighter will "survive, persist, interoperate, and adapt in the air domain, all within highly-contested operational environments," Air Force Secretary Frank Kendall said in a statement. "No one does this better than the U.S. Air Force, but we will lose that edge if we don't move forward now." The Air Force plans to spend $2.3 billion on the program in fiscal 2024, and an additional $595 million to continue engine development for the new fighter.

☆ Three Stock Lunch: NOC, GE & BA
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: NOC, GE & BADavid Wagner, Aptus Capital Advisors portfolio manager, joins 'Power Lunch' to discuss these three stocks: Northrop Grumman, General Electric and Boeing.

☆ Citi's guide to trading the debt ceiling: Beware companies with high revenues from U.S. government
▼ + stars: | 2023-05-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors looking to trade the showdown over the U.S. debt ceiling should focus on stocks that are tied most to government spending, according to Citigroup. Lawmakers have been trying to find a way to raise the debt ceiling so the government can pay its bills on time. On Sunday, Treasury Secretary Janet Yellen warned that failing to raise the debt ceiling will cause a " steep economic downturn ." As the fight over the debt ceiling — and talk of spending cuts — ramp up, some stocks will trade down, Citi pointed out. He believes the iShares U.S. Aerospace & Defense , SPDR S & P Aerospace & Defense , and Invesco Aerospace & Defense ETFs "could be useful off-the-shelf trading tools to consider."

☆ Northrop Grumman and Humana: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2023-05-04 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorthrop Grumman and Humana: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Jenny Harrington of Gilman Hill Asset Management and Steve Weiss of Short Hills Capital answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.

☆ Northrop Grumman and more: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2023-05-04 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks, bonds and ETFs during this period of heightened market volatility, including whether to buy, sell or hold individual names. Jenny Harrington of Gilman Hill Asset Management discussed Northrop Grumman and why she thinks it's a good buy now. Stephen Weiss of Short Hills Capital explained why Humana is a good long-term hold with an entry point under $500.

☆ Morning Bid: Fresh spur from Meta and Europe's banks
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +5 min

Perhaps even more surprising, Europe's big banks are wowing the gallery too - showing limited, if any, fallout from the failure of ailing Credit Suisse at the end of the quarter. And so the glass appears half full again despite background tensions around regional U.S. banks and as wider markets brace for several weeks of a U.S. debt ceiling standoff. With Amazon reporting later, its stock rose another 2% ahead of the bell too. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The dollar was marginally weaker, with crude oil prices struggling to recover from their latest lunge lower this week.

☆ Stocks making the biggest moves premarket: Meta, Teladoc, Harley-Davidson, Southwest Airlines and more
▼ + stars: | 2023-04-27 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Teladoc Health – The telemedicine company saw its stock soar more than 7% after revenue topped analyst estimates in the latest quarter. The company also raised the low end of its revenue and adjusted EBITDA guidance, although it posted a wider-than-anticipated loss in the latest quarter. Harley-Davidson – Harley-Davidson jumped 4.4% after the motorcycle maker topped earnings and revenue expectations, according to consensus estimates from Refinitiv. Honeywell International – Honeywell advanced 1.8% after surpassing earnings and revenue expectations in its latest quarter. ServiceNow – Shares declined 1.1% premarket after a 17% runup year-to-date entering its latest earnings.

☆ Big Tech earnings, crucial inflation call — here comes the biggest week of earnings season
▼ + stars: | 2023-04-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Citigroup tells clients how they can invest in the outer space 'goldrush'
▼ + stars: | 2023-04-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors should choose carefully when investing in the outer space "goldrush" because it's a tough, capital-intensive business, according to Citigroup. Right now, Citi believes the best space-related investment is Planet Labs . It also initiated coverage of Rocket Lab and Canadian space technologies company MDA , but with neutral ratings. PL YTD mountain Planet Labs year-to-date performance Planet Labs is a provider of global, daily satellite data. Another way to play the theme is to look at incumbent aerospace and defense names that are committed to their space business, according to Citi.

April 18 (Reuters) - U.S. weapons maker Lockheed Martin Corp's (LMT.N) first-quarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as simmering geopolitical tensions fueled demand from both U.S. and international customers. Shares of the company rose as much as 3.8% to hit a record high of $508.1 in early trading. The Pentagon's $858 billion defense budget for 2023 has also resulted in multiple contract wins for U.S. defense firms such as Lockheed, Raytheon Technologies (RTX.N) and Northrop Grumman Corp (NOC.N), which count the U.S. Department of Defense as their biggest customer. Lockheed's order backlog also fell to $145.1 billion as of quarter-end from $150 billion at the end of 2022. The missiles maker reaffirmed its full-year outlook, projecting net sales in the range of about $65 billion to $66 billion and profits between $26.60 and $26.90 per share.

☆ Analysis: Rocket startups face adapt-or-die moment amid investment drought
▼ + stars: | 2023-04-17 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

Venture investment in space startups has dropped 50% year-over-year in 2022 to $21.9 billion, according to VC firm Space Capital. Astra Space (ASTR.O), which ditched its small Rocket 3.3 for a planned, larger Rocket 4 in the next few years, has struggled to bring its stock price above $1, facing delisting threats from Nasdaq. Despite the startups' struggles, launch demand has soared after sanctions following Russia's invasion of Ukraine cut off access to Russian rockets. Recent failures with Europe's Arianespace's Vega-C rocket have added to demand in the U.S., outstripping the number of available rockets. Private plans to deploy mega-constellations, vast swarms of satellites in low-Earth orbit, have also given launch startups hope for future demand.

☆ Investing in Space: Intelsat signs up for Northrop Grumman satellite servicing
▼ + stars: | 2023-04-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. A division within Northrop Grumman has in recent years become the world leader in extending the life of valuable satellites that are already in orbit. I chatted this week with Jean-Luc Froeliger, senior vice president of space systems at Intelsat, whose company announced an order from Northrop Grumman's Space Logistics unit for its latest service technology iteration. A quick step back: In 2020, Northrop Grumman's robotic spacecraft MEV-1 successfully docked with an old Intelsat satellite and extended its life by five years, marking an industry first. A year later, the companies took that feat a step further, docking MEV-2 with an active Intelsat satellite.

☆ Buy these stocks with fortress balance sheets to win in the slowing economy, Morgan Stanley says
▼ + stars: | 2023-04-10 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Companies with strong balance sheets have a downside cushion and can find unique opportunities during a slowing economy, according to Morgan Stanley. Corporations with high amounts of cash on their balance sheets can take advantage of a slowing economy by buying back their stock or acquiring businesses at discounted prices, said Morgan Stanley strategist Todd Castagno. "We've identified companies with strong balance sheets and sufficient liquidity, that also generate excess returns over their cost of capital," Castagno said in a note to clients. Investors have been increasingly focused on the strength of corporate balance sheets amid rising concerns that the Federal Reserve's series of interest rate hikes could tip the U.S. economy into a slowdown or recession. Castagno screened the Russell 1000 , except for financials, real estate and utilities, to find companies with fortress-like balance sheets.

☆ Nobody showed up to a best-selling author's book launch. She called it a 'career low point' but found out she's far from alone.
▼ + stars: | 2023-04-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

But nobody turned up to the launch event at the NYT-best-selling writer's local indie bookstore. The launch signing event for her new book, "In Nightfall," was on March 28. Instead, Young tweeted a picture of the 17 empty chairs, describing the moment as a "career low point" and saying she was "crying my entire way home." He said that in his experience, bookstore launch events had been "hit or miss — some packed, some empty, most in between." She'll consider virtual events in future, saying that this was her first book launch since the start of the COVID-19 pandemic.

☆ Here's what went wrong with Virgin Orbit
▼ + stars: | 2023-03-31 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

The deal, facilitated by a so-called blank check company, gave Virgin Orbit a valuation of nearly $4 billion. That debt gives the flashy British billionaire first priority of Virgin Orbit assets in the event of the now-impending bankruptcy. And Chief Strategy Officer Jim Simpson had also spent more than eight years in Boeing's satellite division before joining Virgin Orbit. That frustration continued after the pause, with employees confused by the lack of specifics about which investors were speaking to Virgin Orbit leadership. Virgin Orbit

☆ NASA's James Webb Space Telescope is so powerful it discovered sand storms on a planet 235 trillion miles away
▼ + stars: | 2023-03-22 | by ( Grace Eliza Goodwin | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

NASA's James Webb Space Telescope found sand storms on a planet hundreds of trillions of miles away. From its vantage point in space, Webb can peer at a distant world and analyze the entire infrared spectrum of starlight passing through the planet's atmosphere. The James Webb Space Telescope fully deploys its primary mirror during development at Northrop Grumman Space Systems in Redondo Beach, California. The spectrum Webb found on the planet VHS 1256 b, showing signatures of silicate clouds, water, methane, and carbon monoxide. That means the stars' light doesn't drown out the light of the planet, making it an ideal target for the Webb telescope.

☆ These 74 stocks across 5 categories of AI are the top picks from the sector's leading fund managers.
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

☆ Biden wants $886 billion defense budget with eyes on Ukraine and future wars
▼ + stars: | 2023-03-13 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

The total amount of the 2024 budget proposal is $28 billion more than last year's $858 billion. Congress has passed an annual defense budget for more than 60 years. Biden's budget request also speeds the Department of Defense's pace for buying the stealthy F-35 fighter jet to 83. The 2023 budget request asked for 61 F-35 jets made by Lockheed Martin and Congress increased that number to 77. The budget would benefit the biggest U.S. defense contractors including Lockheed, Raytheon, Northrop Grumman Corp (NOC.N) and General Dynamics Corp (GD.N).

☆ Big Companies Seeing Tax Benefits From Law Change Some of Them Fought
▼ + stars: | 2023-03-08 | by ( Richard Rubin | Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

Those companies now qualify for a bigger tax break for exports because of the way the research-deduction change alters their tax calculations. Photo: Dado Ruvic/REUTERSModerna saw that tax break jump to a 7.4 percentage-point benefit on its tax rate from 4.8 points in 2021, even as its cash tax payments rose. The change requiring companies to spread out research deductions was part of the 2017 tax law, and it was designed to partly offset the revenue loss from cutting corporate tax rates. PREVIEWAt the same time, the smaller research deduction means many companies can get a bigger advantage from the export tax break. The size of the FDII tax break is based in part on how much income a company has.

☆ Strategists say it’s a stock picker’s market right now — and name their top picks
▼ + stars: | 2023-03-08 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Against this backdrop, a slew of strategists are calling it a stock picker's market and advising investors to be particularly mindful of the companies they invest in. "You really do need to have discipline, but this is definitely a stock picker's market. The SOXX, which offers investors exposure to a basket of U.S.-listed semiconductor stocks, is up more than 20% this year. She believes the current macro backdrop is a "stock picker's scenario" that calls for "an active trading environment." The stock has a current dividend yield of 2.7%, higher than the industry average of 0.8%, according to FactSet data.

☆ As space junk threat grows, government and investors seek solutions
▼ + stars: | 2023-03-03 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

And with no set norms for military space behavior, some fear a potential space weapon attack that could generate far more debris. U.S. Space Command on Friday released a formal list of what it views as responsible space behaviors, in a bid to steer military norms in orbit. The wide-ranging report includes a section on space debris that urges space players to dispose safely of their defunct satellites and notify other operators if any problems with their spacecraft might pose a debris hazard. Another part of the space debris mitigation equation is in-space satellite servicing, concepts in development by dozens of firms including Astroscale, Northrop Grumman (NOC.N), Maxar (MAXR.N) and Airbus (AIR.PA). Australia-based Neumann Space, for instance, is developing a technology that could help recycle old, defunct satellites into fuel - using the scrap metal to generate plasma thrust for new satellites.

☆ Defence contractors target Australia as it gears up to counter China
▼ + stars: | 2023-03-02 | by ( Jamie Freed | ) www.reuters.com time to read: +4 min

The firms are pushing for billions of dollars' worth of purchases expected after Australia's long-awaited defence strategic review (DSR) is made public next month, setting out the force structure and equipment required over the next decade. The government's aim is to "speed up the acquisition cycle" and move as quickly as possible once the review is public, Defence Industry Minister Pat Conroy told reporters on Wednesday. Australia ranked 12th globally in military spending in 2021 at $31.8 billion, according to the Stockholm International Peace Research Institute. Lockheed was selected last year alongside Raytheon Technologies Corp (RTX.N) to accelerate the manufacture and delivery of guided weapons to Australia. In-country assembly, and eventually manufacturing, are a focus of the project that aims to build local stockpiles, said Ken Kota, vice president of Lockheed's Australian defence strategic capabilities office.

☆ Wall Street’s most overbought stocks include PepsiCo and this little-known insurance company
▼ + stars: | 2023-02-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The data sparked a broad market sell-off, with the S & P 500 losing 1%. .SPX 5D mountain Tough week for stocks Still, investors should consider easing exposure to names that are still overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, using the relative strength index. CNBC Pro also screened for S & P 500 stocks in oversold territory. To be sure, First Republic shares are down 1.2% year to date, lagging SPDR S & P Regional Banking ETF (KRE) — which is up 5% in 2023.

[1/3] A U.S. Navy F/A-18 Super Hornet fighter lands on the deck of the USS Ronald Reagan, a Nimitz-class nuclear-powered super carrier, during a joint naval drill between South Korea and the U.S., in the West Sea, South Korea, October 29, 2015. REUTERS/Kim Hong-JiFeb 23 (Reuters) - Boeing Co (BA.N) said on Thursday it plans to stop production of the F/A-18 Super Hornet in late 2025 after delivering the last of the fighter jets, as the aerospace giant shifts focus to winning the race for the sixth-generation of combat aircraft. Trade publication Defense News in 2020 reported that at least one prototype was built and flown by the Air Force. It said production of the F/A-18 jet, which debuted in 1983, could be extended until 2027 if the Super Hornet is selected by the Indian Navy for its future fighter. Reporting by Nathan Gomes in Bengaluru and Valerie Insinna in Washington; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "NORTHROP"

25 mentions found