Aerospace/ Defense Stocks: Textron (NYSE:TXT), Northrop Grumman Corporation (NYSE:NOC), GenCorp (NYSE:GY), Erickson Incorporated (NASDAQ:EAC)

On June 25, 2014, Cessna Aircraft Company-a subsidiary of Textron Aviation Inc, which is a Textron Inc. (NYSE:TXT), announced that it has received Federal Aviation Administration certification of the Flight Into Known Icing (FIKI) system for the high-performance Cessna TTx propeller aircraft. According to the Company, the FIKI system helps extend the TTX’s mission capabilities and also enable pilots to file flights plans for different weather conditions. The Company stated that the system can also provide up to two-and-a-half hours or protection from most ice attaching to the airframe, while ensuring minimal impact on the performance. Brian Steele, Business Leader, Cessna TTx said, “A TTx equipped with FIKI offers great value for customers, allowing their business and recreational plans to stay on schedule, even in some adverse weather conditions.” Textron Inc. (NYSE:TXT), net profit margin is 3.80% and weekly performance is -2.83%. On last trading day company shares ended up $37.71. Analysts mean target price for the company is $43.58. Textron Inc. (NYSE:TXT), distance from 50-day simple moving average (SMA50) is -3.75%.

On July 01, 2014, Northrop Grumman Corporation (NYSE:NOC), received a multi-year contract for producing 25 more E-2D Advanced Hawkeye aircrafts, at a fixed price of $3.6 billion. The new order will put the total supply of the Hawkeye at 50 units. Northrop Grumman Corporation (NYSE:NOC), fell 0.89% in last trading session and ended the day on $120.11. NOC, Gross Margin is 22.30% and its return on assets is 7.60%. Northrop Grumman Corporation (NYSE:NOC), quarterly performance is 0.10%.

On July 01, 2014, Aerojet Rocketdyne, a GenCorp Inc. (NYSE:GY), company, and the City of Folsom have completed infrastructure improvements that are designed to preserve the water capacity of Lake Folsom by using treated groundwater for the company’s industrial water system. The improvements include upgrades to a groundwater treatment plant and the construction of an interim pipeline, which will supply about two million gallons of water per day to Aerojet Rocketdyne while reducing the amount of water the city supplies to the company by two thirds. GenCorp Inc. (NYSE:GY), shares moved down 1.32% in last trading session and was closed at $18.75, while trading in range of $18.71 – 18.97. GenCorp Inc. (NYSE:GY), year to date (YTD) performance is 4.05%.

BWS Financial began coverage on shares of Erickson Incorporated (NASDAQ:EAC), in a report issued on Friday,TheFlyOnTheWall.com reports. The firm issued a buy rating and a $33.00 target price on the stock. Erickson Incorporated (NASDAQ:EAC), ended the last trading day at $15.82. Company weekly volatility is calculated as 10.13% and price to cash ratio as 68.27. Erickson Incorporated (NASDAQ:EAC), showed a negative weekly performance of 0.32%.