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   Corporate Analysis

Global Defense IPO priced lower than expected
US-based Global Defense Technology and Systems initial public offering (IPO) has been priced at USD13 per share: somewhat lower than market expectations. The price...
20-Nov-2009

Safran completes EUR750 million inaugural bond issue
French propulsion and defence systems group Safran has completed its inaugural bond issue, raising EUR750 million (USD1.1 billion) with a view to funding continued ...
20-Nov-2009

Chemring raises $280m to fund Hi-Shear Technology purchase
Chemring has raised USD280 million through the placement of loan notes with insitutional investors in order to fund the acquisition of Hi-Shear Technology - ...
20-Nov-2009

Chemring order book surges on US push
UK countermeasures specialist Chemring saw its order backlog jump 37 per cent to GBP559 million (USD939 million) during the year to 31 October, reflecting ...
19-Nov-2009

Daewoo Shipbuilding records surge in 3Q net income
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has recorded strong sales and profit figures during the third quarter of Fiscal Year 2009 (3Q09) ...
19-Nov-2009

FitchRatings downgrades Thales outlook from stable to negative
Corporate credit ratings agency FitchRatings has downgraded its outlook for Thales from stable to negative, arguing that the defence electronics giant "may come under ...
19-Nov-2009

BEML pays USD5.8 million in dividends to MoD
State-owned Indian defence company BEML (formerly known as Bharat Earth Movers Limited) has paid the Indian Ministry of Defence (MoD) dividends worth INR270 million ...
18-Nov-2009

Global Defense Tech prepares IPO to fund acquisitions
US-based Global Defense Technology and Systems expects to raise around USD40.4 million from its initial public offering (IPO), as it focuses on developing market ...
18-Nov-2009

Elbit Systems Q3 net profit jumps 64%
Israel-based defence electronics company Elbit Systems has posted a 63.7 per cent rise in net profits of USD58.3 million for the third quarter of ...
18-Nov-2009

China's major shipbuilders set for IPO launch
China's two largest shipbuilders - the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC) - are set to launch initial ...
16-Nov-2009

EADS records static sales and drop in earnings
EADS recorded almost static sales in the third quarter of 2009, but its earnings fell into the red as the company gave warnings about ...
16-Nov-2009

Thyssenkrupp posts record loss of EUR2.3bn
German technologies and naval shipbuilding company Thyssenkrupp has blamed the global recession for the "most difficult" year in its history, after seeing revenues fall ...
16-Nov-2009

Iridium posts 12% fall in net profit
Global mobile satellite communications specialist Iridium Holdings saw a dip in sales for the third quarter while earnings fell by a 10th. According to...
13-Nov-2009

Metal Storm confident it will receive life-line investment by deadline
Australian weapon systems developer Metal Storm has expressed confidence that it will receive life-line investment from foreign financial group Assure Fast Holdings Limited (AFHL) ...
12-Nov-2009

ATK reports 16% half-year profit rise
Alliant Techsystems (ATK) has posted a 16 per cent rise in half-year operating profits of USD266 million, driven by strong performances in the company's Armament...
12-Nov-2009

CAE dragged down by decline in civil performance
Canadian training and simulation specialist CAE has continued to see positive results in its defence business, although a continued decline in civil performance - ...
12-Nov-2009

Indra reports improved sales after international push
A push for international growth has started to pay off for Spanish defence electronics specialist Indra, which reported improved sales and earnings for the ...
12-Nov-2009

Thales issues profits warning due to 'persistent difficulties' in aerospace
Thales has issued a profits warning due to "persistent difficulties" in its aerospace programmes, which it says will result in additional charges in the ...
11-Nov-2009

Ultra Electronics sees trading in line with expectations
UK group Ultra Electronics has said its recent trading has been in line expectations, but has noted recent delays to contract awards. Ultra said...
11-Nov-2009

Tognum profits plummet
Revenues at Tognum - the group behind military engine manufacturer MTU Friedrichshafen - fell by a third during the last three-month period, while net ...
11-Nov-2009

Chinese military aircraft maker gears for market listing
Chinese aerospace group Aviation Industry Corporation (AVIC) is preparing to publicly list a subsidiary established earlier this year to design and produce large- and medium-sized...
10-Nov-2009

Metal Storm must wait longer for lifeline funding
Australian weapons developer Metal Storm has announced that lifeline investment from a foreign financial group, Assure Fast Holdings Limited (AFHL), will be delayed by ...
10-Nov-2009

Rheinmetall returns to profit due to defence surge
Germany's Rheinmetall returned to profit during the third quarter of the year, for the first time in 2009, as a result of the strong ...
10-Nov-2009

Failed M-ATV bid dents Force Protection earnings
Force Protection's unsuccessful bid to meet the coveted US mine-resistant ambush-protected (MRAP) all-terrain vehicle (M-ATV) contract dented the land systems specialists' earnings during the ...
10-Nov-2009

Babcock seeks overseas market opportunities
UK engineering services group Babcock International has reaffirmed that it is looking to growth overseas following a quarter in which its defence interests achieved ...
10-Nov-2009

LMI posts 46% profit drop for quarter
US-based defence component provider LMI Aerospace has seen static sales and a 46 per cent drop in profits for the third quarter of 2009 ...
09-Nov-2009

Spirit AeroSystems shows improvements in third-quarter results
Aerospace components manufacturer Spirit AeroSystems returned both improved sales and earnings for the third quarter of the year. The US-based group told investors on...
05-Nov-2009

Dyncorp reports 35% increased earnings per share
Dyncorp International - the US provider of outsourced services for the country's Department of Defense (DoD) - has posted a 35 per cent increase ...
05-Nov-2009

Kratos sees 10.5% increase in third-quarter revenues
Revenues at United States-based defence, IT and security solutions provider Kratos Defence and Security Solutions have increased 10.5 per cent to USD86.1 million for ...
04-Nov-2009

Oshkosh FY09 net income plunges despite strong defence performance
Oshkosh Corporation has seen a significant fall in sales and net income for 2009 despite a strong performance in the US truck maker's defence ...
04-Nov-2009

Logica reports third-quarter results 'in line with expectations'
UK-based IT group Logica has reported static results for the third quarter of 2009 (3Q09) and has maintained its outlook for the full year. ...
04-Nov-2009

Rockwell Collins reports declining FY09 revenues despite defence sector boost
Rockwell Collins saw an overall decline in sales and earnings for Fiscal Year 2009 (FY09), despite a 25 per cent increase in defence and ...
04-Nov-2009

Defence orders boost Cobham sales
Cobham's revenues have "grown strongly" in the first nine months of 2009, as solid performance by its defence and government businesses offset poorer results ...
04-Nov-2009

Rockwell Collins sees 12% fall in net income for FY09
Rockwell Collins has continued to see a decline in consolidated sales and earnings during the year, despite record growth in its defence-related businesses. On...
03-Nov-2009

Rolls-Royce plays down hopes of rapid recovery
Rolls-Royce continues to expect its underlying revenues to increase during 2009, although profits will remain flat, as the group awaits a recovery across all ...
03-Nov-2009





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