Youku Inc Gains On New Agreement (TXT, DIS, YOKU, RTN)
Textron Inc. (NYSE:TXT)’s operating unit, Textron Marine & Land Systems (TM&LS), announced today that its team has been selected by the U.S. Navy for the Ship-to-Shore Connector (SSC) program. The SSC will replace the Landing Craft, Air Cushion (LCAC), providing a modernized means for the U.S. Navy and Marine Corps to land at over 80% of the world’s shorelines for the next 30 years. The approximately $213 million fixed-priced, incentive-fee contract is for the detailed design and construction of an initial SSC Test and Training Craft with work to be completed by February 2017.
The Walt Disney Company (NYSE:DIS) ) and Hearst Corporation are reportedly ready to purchase Comcast’s (NASDAQ:CMCSA) NBC Universal’s 15.8% ownership in A&E Television Networks for about $3 billion. Comcast said in May it exercised an option to sell the stake, but at that time it didn’t indicate a price. Disney currently owns 42.1% of A&E, while Hearst has a 42.2% stake. After the deal, each of the two companies will own 50% of A&E.
Youku Inc (ADR) (NYSE:YOKU) shares gained 4.48% to $21.20 in the pre-market hour after the company said it has entered into a multiple-year agreement with NBCUniversal International Television Distribution for the video-on-demand rights in China to a broad collection of current, library and upcoming NBCUniversal feature films. The films including Schindler’s List, The Mummy, The Mummy Returns, The Mummy: Tomb of the Dragon Emperor, Jurassic Park, The Lost World: Jurassic Park, Jurassic Park III and Apollo 13, etc. will be available for on-demand viewing through Youku Premium.
Raytheon Company (NYSE:RTN) was awarded a $636 million development and sustainment contract to provide the Exoatmospheric Kill Vehicle to The Boeing Company, which is the prime contractor for the Ground-based Midcourse Defense program. Raytheon booked the award during its second quarter.