We are maintaining our fair value estimate for General Dynamics GD after reviewing the firm's third-quarter business performance. The firm turned in a mixed performance, as revenue from the defense portfolio surged 14%, offsetting an 18% slide in aerospace. Total revenue increased 8% from a year ...
We are maintaining our fair value estimate for Lockheed Martin LMT after reviewing third-quarter results. Sales increased in all business segments, and total revenue increased 4.5% from the year-ago period to $11.1 billion. Operating profit fell $157 million to $1.1 billion as the CAS/FAS pension
AeroVironment AVAV reported first-quarter 2010 results on Tuesday that highlight the continued lumpiness of the firm's product deliveries. As noted in the previous quarter, we remain positive regarding the company's long-term prospects, but continued customer deferrals (due to upgrade programs that
DigitalGlobe DGI recently announced second-quarter financial results, the initial earnings announcement from this newly minted publicly traded firm. Our fair value estimate remains unchanged. As we expected, revenue for the first half of 2009 was essentially flat, as 4% growth in revenue from ...