NEW YORK, June 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding General Dynamics Corp. (NYSE: GD), Northrop Grumman Corporation (NYSE: NOC), Triumph Group, Inc. (NYSE: TGI), Smith & Wesson Holding Corporation (NASDAQ: SWHC) and Hexcel Corp. (NYSE: HXL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4027-100free.
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General Dynamics Corp. Analyst Notes
On June 16, 2014, General Dynamics Corp.'s (General Dynamics) wholly owned subsidiary, General Dynamics NASSCO, announced that it has entered into a contract with an affiliate of American Petroleum Tankers for the design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product carrier with a 330,000 barrel cargo capacity. Kevin Graney, Vice President and General Manager of General Dynamics NASSCO, said, "NASSCO is very pleased to be continuing our partnership with American Petroleum Tankers by building a 5th ECO tanker. This additional order, plus NASSCO's existing backlog of tankers and containerships, is a clear indication that NASSCO is the shipyard of choice for Jones Act vessel construction." The construction is anticipated to begin in Q4 2015 and delivery is scheduled in Q2 2017. The full analyst notes on General Dynamics are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/GD/report.pdf
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Northrop Grumman Corporation Analyst Notes
On June 18, 2014, Northrop Grumman Corp. (Northrop Grumman) announced that it has been awarded a $238 million modification contract from the U.S. Air Force to render hardware and support for the Large Aircraft Infrared Countermeasure (LAIRCM) system. Under the terms of the contract, Northrop Grumman will be responsible to deliver additional transmitters, missile warning sensors, processors, lasers, control interface units and supporting equipment to the Air Force through April 2016. "This represents a continuation of a 14-year relationship with the Air Force to protect our aircrews," said Carl Smith, Vice President of Infrared Countermeasures Programs at Northrop Grumman's Land and Self Protection Systems Division. "Our LAIRCM open architecture has enabled this system to be upgraded and enhanced over time to introduce new technologies to counter emerging threats, while decreasing system cost, and steadily increasing reliability leading to an excellent total life cycle cost for the system." The full analyst notes on Northrop Grumman are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/NOC/report.pdf
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Triumph Group, Inc. Analyst Notes
On June 18, 2014, Triumph Group, Inc. (Triumph) announced a settlement of all pending litigation in relation with the Company, its subsidiary, Triumph Actuation Systems - Clemmons, LLC, and Eaton Corporation and certain of its subsidiaries. The settlement entails Eaton's approval to pay Triumph $135.3 million in cash. Triumph also agreed to dismiss with prejudice all counterclaims associated with the litigation, including the claims brought in Mississippi and North Carolina by Triumph, its subsidiary and the engineers against Eaton and its affiliates for wrongful conduct and anticompetitive activity in bringing and maintaining the trade secret claims. Jeffry D. Frisby, Triumph's President and CEO, said, "The settlement announced today brings to an end almost ten years of costly and burdensome litigation, and should eliminate any doubt about Triumph's right to compete legitimately in the market for aerospace hydraulic pumps and motors and hydraulic systems." The Company intends to address the settlement when it reports its Q1 FY 2015 results. The full analyst notes on Triumph are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/TGI/report.pdf
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Smith & Wesson Holding Corporation Analyst Notes
On June 19, 2014, Smith & Wesson Holding Corp. (Smith & Wesson) reported its Q4 FY 2014 and full-year FY 2014 financial results (period ended April 30, 2014). For the quarter, net sales totaled $170.4 million, down 4.6% YoY. Income from continuing operations totaled $24.9 million, or $0.44 per diluted share, compared with $28.6 million, or $0.44 per diluted share, in Q4 FY 2013. For full-year FY 2014, net sales were $626.6 million, up 6.7% YoY. Income from continuing operations was $88.6 million, or $1.47 per diluted share, compared with $81.4 million, or $1.22 per diluted share, in FY 2013. James Debney, Smith & Wesson President and CEO, stated, "We are very pleased with our record results for fiscal 2014, which include the highest sales, gross margin, and profits in the company's history. Our successful performance was driven by robust consumer demand for our products, combined with carefully managed increases in our manufacturing capacity." The Company now anticipates Q1 FY 2015 net sales to be between $130.0 million and $135.0 million. The full analyst notes on Smith & Wesson are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/SWHC/report.pdf
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Hexcel Corp. Analyst Notes
On June 19, 2014, Hexcel Corp. (Hexcel) announced the schedule of its earnings press release and teleconference. The Company is scheduled to release its Q2 2014 financial results on July 21, 2014, after the NYSE market close. Following the earnings release, the Company will hold a teleconference on July 22, 2014, at 10:00 a.m. ET. The call can also be heard live in listen-only mode via Internet broadcast from Hexcel's website. The full analyst notes on Hexcel are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/HXL/report.pdf
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