Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced it has signed a purchase agreement with Henan Yongxiang General Aviation LTD for two new Bell 407GXs. The aircraft will be used to support multiple mission needs including, flight training, emergency rescue, VIP transport, parapublic resources, aerial survey and photography, agriculture spray as well as other aviation services.Textron Inc. (NYSE:TXT) net profit margin is 3.80% and weekly performance is 0.32%. On last trading day company shares ended up $38.17. Analysts mean target price for the company is $43.58. Textron Inc. (NYSE:TXT) distance from 50-day simple moving average is -2.76%.
Northrop Grumman Corporation (NYSE:NOC) has buffed out its Information Systems sector by appointing four new vice presidents. Bobby Lentz will serve as senior vice president, Strategy, where he will define the sector’s strategy for profitable growth and help it achieve its performance objectives. He will oversee strategic planning, innovation and portfolio management, and will report to Kathy Warden, corporate vice president and president of the sector, Northrop Grumman said in a release. Northrop Grumman Corporation (NYSE:NOC) shares fell -0.57% in last trading session and ended the day on $119.74. NOC Gross Margin is 22.30% and its return on assets is 7.60%. Northrop Grumman Corporation (NYSE:NOC) quarterly performance is -3.33%.
Aerojet Rocketdyne, a GenCorp (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 -0.63% in last trading session and was closed at $18.89, while trading in range of $18.85-$19.23. Gencorp Inc (NYSE:GY) year to date performance is 4.83%.
Equities research analysts at BWS Financial started coverage on shares of Erickson (NYSE:EAC) in a research note issued to investors on Friday. The firm set a “buy” rating and a $33.00 price target on the stock.Erickson Inc (NASDAQ:EAC) ended the last trading day at $16.00. Company weekly volatility is calculated as 11.21% and price to cash ratio as 69.05. Erickson Inc (NASDAQ:EAC) showed a negative weekly performance of -1.42%.
Micronet Enertec Technologies, Inc. (NASDAQ: MICT) said that its subsidiary Enertec Electronics, Ltd. signed a definitive agreement to acquire 736,341 shares of Micronet Ltd constituting 3.9 percent of the issued and outstanding shares of Micronet from Rafi Katz, Micronet´s former CEO.Micronet Enertec Technologies Inc (NASDAQ:MICT) net profit margin is -1.30% and weekly performance is 4.01%. On last trading day company shares ended up $4.41. Analysts mean target price for the company is $5.70. Micronet Enertec Technologies Inc (NASDAQ:MICT) distance from 50-day simple moving average is 9.23%.