Raytheon Technologies Corp.’s (RTX Quick QuoteRTX ) business unit, Pratt and Whitney, recently clinched a modification contract to support the F-135 propulsion system. The Naval Air Systems Command, Patuxent River, MD, awarded the deal.
Details of the Deal
Valued at $736.6 million, the contract is expected to be completed in December 2024. Through the latest modification, Pratt and Whitney will procure propulsion system spare parts, modules, support equipment/packaging handling shipping and transportation material, along with depot lay-in material to support the F-135 propulsion system requirements.
The majority of the work related to this deal will be executed in East Hartford, CT.
Growing Jet Demand to Aid Raytheon
Rising security threats from terrorist activities and adverse geopolitical situations have resulted in increased demand for defense products, of which combat aircraft constitutes a major portion. With its advanced stealth capabilities, aircraft speed and agility, the F-35 jet dominates the combat aircraft market.
Hot Value Stocks To Own Right Now: B. Riley Financial, Inc.(RILY)
B. Riley Financial, Inc. provides various financial services primarily in the United States and Europe. The company, through its subsidiary, B. Riley & Co., LLC, an investment bank, offers corporate finance, research, and sales and trading services to corporate, institutional, and high net worth clients. Its investment banking services include initial and follow-on offerings, institutional private placements, and merger and acquisition advisory services. The company, through its other subsidiaries, provides financial services, including Great American Group, LLC, which offers advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B. Riley Capital Management, LLC that provides investment products to institutional and high net worth investors, as well as multi-family office practice and wealth management services to ultra-high net worth individuals and families; and Great American Capital Partners, LLC, which offers senior secured loans and second lien secured loan facilities to middle market public and the private U.S. companies. The company was formerly known as Great American Group, Inc. and changed its name to B. Riley Financial, Inc. in November 2014. B. Riley Financial, Inc. was founded in 1973 and is headquartered in Los Angeles, California.
- [By ]
Citizens Financial Group (CFG) – Get Report: “I like this one and I'll throw in First Horizon National (FHN) – Get Report.”
- [By ]
Real Money's Paul Price sees an opening in the recently announced deal in which Citizens Financial Group (CFG) – Get Report is set to be acquired by Investors Bancorp (ISBC) – Get Report in a $3.5 billion cash-and-stock deal. Get more investing insights and trading strategies from Price and the other contributors on Real Money.
- [By Dave Kovaleski (TMFdkovaleski)]
Citizens Financial (NYSE:CFG) has had a very busy summer, making two key acquisitions in the span of a few months. First, it filled a huge gap in the nation’s largest city by acquiring 80 branches — 66 of them in New York — from London-based bank HSBC, along with HSBC’s national online deposit business. Then, in late July, Citizens bought Investors Bancorp, a New Jersey-based bank with 146 branches throughout northern New Jersey and New York City, further bolstering its presence in that key market and tying together its strength in New England and Philadelphia.
- [By Stephan Byrd]
The company also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, January 31st were given a $0.32 dividend. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, January 30th. Citizens Financial Group’s payout ratio is currently 35.96%.
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Citizens Financial Group Company Profile
Hot Value Stocks To Own Right Now: Media General, Inc.(MEG)
Media General, Inc., formerly Mercury New Holdco, Inc., incorporated on March 19, 2014, is a connected-screen multimedia company. The Company provides news, information and entertainment. The Company’s operating segments include Broadcast and Digital. Its Broadcast segment includes over 70 television stations that are either owned, operated or serviced by the Company in approximately 48 United States markets, all of which are engaged principally in the sale of television advertising. The Company’s Digital segment includes the operating results of the Company’s digital businesses, as well as the business operations related to the television station companion Websites. Digital segment includes LIN Digital, LIN Mobile, LLC (LIN Mobile), HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, as well as the business operations related to the television station companion Websites.
The Company’s digital company, LIN Digital, provides display and video advertising on LIN Digital’s advertising network. LIN Mobile provides mobile advertising, including software to optimize audience reach. Federated Media provides display and video advertising on a network of Website publishers, including lifestyle bloggers. Dedicated Media provides marketing, data focusing and analytics for digital marketing campaigns. HYFN is a service digital agency that develops and implements mobile, social and Web experiences. BiteSize TV is a video content creator.
- [By Logan Wallace]
MEG Energy (TSE:MEG)’s stock had its “sector perform spec overwgt” rating reissued by analysts at National Bank Financial in a research report issued on Tuesday.
- [By Ethan Ryder]
Macquarie upgraded shares of MEG Energy (TSE:MEG) from a neutral rating to an outperform rating in a research note released on Monday morning. Macquarie currently has C$12.50 price objective on the stock, up from their prior price objective of C$8.00.
- [By Ethan Ryder]
MEG Energy (TSE:MEG) Director William Robert Klesse sold 4,783 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of C$8.78, for a total transaction of C$41,994.74.