Textron AirLand, LLC, a joint venture between Textron Inc. (NYSE:TXT) and AirLand Enterprises, LLC, announced that the Scorpion will fly from Wichita, Kansas to the United Kingdom, appearing at two of the world’s premier defense aviation exhibitions. Scorpion will participate in Royal Air Tattoo from July 11 to 13, immediately followed by Farnborough International Air Show from July 14 to 20. Textron Inc. (NYSE:TXT) net profit margin is 3.80% and weekly performance is -1.12%. On last trading day company shares ended up $38.78. Analysts mean target price for the company is $43.58. Textron Inc. (NYSE:TXT) distance from 50-day simple moving average (SMA50) is -0.31%.
Northrop Grumman Corporation (NYSE:NOC) will build the carrier aircraft, and Orbital Sciences (NYSE: ORB) the launch vehicle. Last year, Stratolaunch picked ATK (NYSE: ATK) — which will soon merge with Orbital, not coincidentally — to build the first two, solid-fuel rocket stages that will loft the launch vehicle into orbit. One more blank in this picture got filled in this week, when Stratolaunch and GenCorp (NYSE: GY) confirmed that GenCorp subsidiary Aerojet Rocketdyne will supply Stratolaunch with the engines it needs to power the third stage of “Eagles.” Northrop Grumman Corporation (NYSE:NOC) shares advanced 1.28% in last trading session and ended the day on $120.02. NOC Gross Margin is 22.30% and its return on assets is 7.60%. Northrop Grumman Corporation (NYSE:NOC) quarterly performance is -1.21%.
Aerojet Rocketdyne (AR), a GenCorp Inc (NYSE:GY) company, and Dynetics are announcing a strategic partnership in Huntsville, Ala., to enhance collaboration in aerospace technologies and systems. Gencorp Inc (NYSE:GY) shares moved up 1.40% in last trading session and was closed at $18.86, while trading in range of $18.42 – $18.90. Gencorp Inc (NYSE:GY) year to date (YTD) performance is 4.66%.
Erickson Inc (NYSE:EAC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, AmericanBankingNews.com reports. They currently have a $14.30 price target on the stock. Zacks‘s price objective would indicate a potential downside of 5.67% from the company’s current price. Erickson Inc (NASDAQ:EAC) ended the last trading day at $16.45. Company weekly volatility is calculated as 3.54% and price to cash ratio as 119.57. Erickson Inc (NASDAQ:EAC) showed a positive weekly performance of 8.08%.
Micronet Enertec Technologies, Inc. (NASDAQ:MICT) said its first quarter 2014 total revenue was USD5.6m, compared to USD10.4m in the first quarter of 2013. The company attributed the decline to reduced sales to a major client. Gross profit was USD2.1m, compared to USD3.6m for the first quarter of 2013. Gross margin is 37 percent, compared to 35 percent in the first quarter of 2013. Operating loss are USD60,000, compared to operating income of USD1.5m in the first quarter of 2013. The operating loss is mainly due to decline in revenues. Micronet Enertec Technologies Inc (NASDAQ:MICT) net profit margin is -1.70% and weekly performance is 0.79%. On last trading day company shares ended up $3.84. Analysts mean target price for the company is $5.70. Micronet Enertec Technologies Inc (NASDAQ:MICT) distance from 50-day simple moving average (SMA50) is -13.63%.