Will There Be A Update On Dreamliner From The Boeing Company (NYSE:BA)?
The effect of government shutdown was seen on sales of Lockheed Martin Corporation (NYSE:LMT) as company announced laying off of some employees.
On Tuesday Lockheed Martin Corporation (NYSE:LMT) said that its earnings jumped by 16% to $2.57 per share in the 3rd quarter compared to analyst estimates of $2.26 per share. The results were cheered by investors as shares of the company closed up by 3.79% in Tuesday’s trading, while, shares of rival The Boeing Company (NYSE:BA) traded flat.
Further, in 2013, Lockheed Martin Corporation is expected to earn between $9.40 and $9.70 per share, which is up from an earlier estimate of between $9.20 and $9.50 per share. However, the company said that, its sales were down by 4% in the 3rd quarter as it has been affected by recent cuts in defense spending. And the stance for 2014 is also less positive, although the margins should hold stable.
In the same line, Boeing Company is scheduled to release its quarterly earnings report on October 23, 2013. Arguably, the company has the most at stake in its report, because its stock has risen to new all-time high record. Because of high demand from airlines, the expectations are high.
Investors would be looking forward for an update on the issues faced by 787 Dreamliner which has created lot of issues for the company. In another major announcement The Boeing Company (NYSE:BA) said that it is assembling KC-46A test aircraft for U.S Air Force’s at companies Everett factory. The Boeing Company (NYSE:BA) had received a contract from U.S Air force for production of four test aircrafts which have to be delivered by 3rd quarter of 2014.
“In addition to the three KC-46A tankers now in production, our System Integration Labs are operational and we’re assembling a second boom,” said Maureen Dougherty, Boeing vice president and KC-46 Tanker program manager. “We remain on track to deliver the initial 18 KC-46A tankers by 2017.”