Harris' (HRS) Q4 results might be hurt by higher costs. Weakness in international markets might lead to lower-than-expected sales of tactical radio products.
Despite Nokia's (NOK) Q2 earnings beat, the outlook on its flagship Networks unit for full-year 2017 raises concerns.
In the last five trading sessions, stocks in the Aerospace-Defense space has recorded positive growth, supported by expections of an earnings upside and generous flow of funds from Pentagon.
Following North Korea's launch of its first ballistic missile, capable of reaching the continental U.S., on 5th July; the U.S. and South Korean army jointly fired counter missiles. This gave the U.S. defense stocks a solid boost.
Harris Corporation (HRS) delivered an advanced digital weather satellite instrument to the Korea Aerospace Research Institute.
With the International Paris Air Show set to take place this next week, defense biggies like Lockheed Martin and Boeing are gearing up to present their exclusive combat jets before traders as well as the public.
Harris (HRS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
According to reports, President Trump is expected to pull the U.S. out of the Paris climate agreement. This is a horrible decision for business, the United States, and humanity. In this moment, running through the details of the agreement itself, which commits nearly every country in the world to significant energy and carbon reductions, is not vital. Nor is what we could analyze — from what will actually change in how the U.S. uses energy or emits carbon if the agreement is abandoned (it’s not a straightforward discussion by any means) to what states, cities, and citizens can do as a result. But the key point I want to make here is that the business community does not want to leave the Paris climate agreement. Let me repeat: Even though Trump and his team keep telling everyone that climate action is somehow bad for the economy, most companies don’t agree with that assessment. On May 10, in an attempt to influence the president’s thinking, 30 CEOs wrote an open letter to Trump, taking out a full-page ad in the Wall Street Journal. The opening reads, “We are writing to express our strong support for the U.S. remaining in the Paris Climate Agreement.” I won’t reprint the whole letter here, but please read it. It is, however, worth taking a moment to look at the companies whose CEOs made their views known: 3M Company Allianz SE Bank of America Corp. BROAD Group Campbell Soup Company Cargill Inc. Citigroup Inc. The Coca-Cola Company Corning Incorporated Cummins Inc. Dana Incorporated The Dow Chemical Company E.I. DuPont de Nemours & Company General Electric The Goldman Sachs Group, Inc. Harris Corporation Johnson & Johnson JP Morgan Chase Kering Morgan Stanley Newell Brands Inc. Pacific Gas and Electric Company Procter & Gamble Company Royal DSM Salesforce Solvay Tesla Inc. Unilever Virgin Group The Walt Disney Company This is not a tree-hugger group. And it’s not a list of usual suspects from consumer-facing brands that may want to impress consumers or seem like they don’t have a huge carbon footprint. Nor is it a list that makes you think the money men want out of Paris. Heavy industrials are here. The biggest banks are here, and in other communications, too — see the letter to G7 leaders from hundreds of institutional investors, representing $17 trillion in assets. Related Video Whiteboard Session: The Business Case for Sustainability Account for the intangibles. Save Share See More Videos > See More Videos > Finally, I can say confidently, the list does not even remotely cover all the companies that feel this way. The CEO of Dow corralled fellow CEOs over just a couple of days to get these signatories. Many more agree but couldn’t move that fast on the letter, and many other executives have made their feelings known through back channels to Trump and his team. Public statements of support for the Paris agreement have even come in from the CEO of Exxon. Yes, Exxon. And just look at the hundreds of companies that have already committed to science-based carbon reduction goals and 100% renewable energy. And yet the president seems to be ignoring this clear message coming from our titans of industry. He has claimed for a long time that he wants to put America first. But by withdrawing we would join a short list of UN member states that have not signed the agreement: Nicaragua and Syria. That’s it. The U.S. cannot lead the world in any dimension if it abdicates responsibility and leadership for the greatest challenge facing humanity.
President Donald J. Trump today announced his intent to nominate the following individuals to key positions in his Administration: Neil Chatterjee of Kentucky to be a Member of the Federal Energy Regulatory Commission for the term expiring June 30, 2021. Mr. Chatterjee is energy policy advisor to United States Senate Majority Leader Mitch McConnell of Kentucky. Over the years he has played an integral role in the passage of major energy, highway, and farm legislation. Prior to serving Leader McConnell, he worked as a Principal in Government Relations for the National Rural Electric Cooperative Association and as an aide to House Republican Conference Chairwoman Deborah Pryce of Ohio. He began his career in Washington, DC, with the House Committee on Ways and Means. A Lexington, Kentucky native, he is a graduate of St. Lawrence University and the University of Cincinnati College of Law. Jay Patrick Murray of Virginia to be the Alternate Representative of the United States of America for Special Political Affairs in the United Nations, with the rank of Ambassador and an Alternate Representative of the United States of America to the sessions of the General Assembly of the United Nations during his tenure of service as an Alternate Representative of the United States of America for Special Political Affairs in the United Nations, Department of State. Colonel Murray is a retired United States Army Colonel who served with distinction in Iraq, the Balkans, the United States Embassy Moscow, as an adviser in the Bureau of Political Military Affairs at the Department of State, and as the United States Military Representative at the United Nations. He earned advanced degrees from Oklahoma State University and The Ohio State University, and is a graduate of the George C. Marshall European Center for Security Studies in Germany, the United States Army Command and General Staff College, and the Sorenson Institute for Political Leadership at the University of Virginia. Colonel Murray is a published author, and is a political-military writer and commentator on TV and radio. Robert F. Powelson of Pennsylvania to be a Member of the Federal Energy Regulatory Commission for the term expiring June 30, 2020. Commissioner Powelson has served as a Commissioner on the Pennsylvania Public Utility Commission (PUC) since 2008. Commissioner Powelson was first nominated to the PUC on June 19, 2008, by Governor Edward G. Rendell and appointed Chairman by Governor Tom Corbett in 2011. Currently, Commissioner Powelson serves as the President of National Association of Regulatory Utility Commissioners (NARUC) based in Washington, DC. Commissioner Powelson serves on the Electric Power Research Institute Advisory Board (EPRI) as well as the Drexel University Board of Trustees. From 1994 to 2008, Powelson served as the President and CEO of the Chester County Chamber of Business and Industry based in Malvern, PA. In 2005, he was selected by the Eisenhower Presidential Fellow to be a United States fellow in Singapore and Australia. Commissioner Powelson holds a Bachelor of Administration from St. Joseph’s University and a Master of Governmental Administration with a concentration in public finance from the University of Pennsylvania. Adam J. Sullivan of Iowa to be Assistant Secretary of Transportation, Government Affairs. Mr. Sullivan’s career in public service has spanned both chambers of Congress and the executive branch. He is currently a Professional Staff Member at the United States Senate Appropriations Subcommittee on Labor, Health and Human Services, and Education. He has served on two separate occasions as a Chief of Staff for Members of the United States House of Representatives, and in other senior legislative roles focusing on a wide range of policy and appropriations-related issues. He also served as Deputy Assistant Secretary of Labor for Congressional Affairs during the George W. Bush Administration and worked on national security-related programs at Harris Corporation. Mr. Sullivan holds a Master of Business Administration from George Washington University and a Bachelor of Arts from Simpson College.
Motorola (MSI) outperformed in the first quarter.
Quarterly results dominated the Aerospace-Defense space over the past five trading session. As a result, the S&P 500 Aerospace & Defense (Industry) Index gained 1.9% during this period
Harris Corporation (HRS) reported better than expected results in the third quarter of fiscal 2017.
Harris Corporation (HRS) reported better than expected earnings and revenues in the third quarter fiscal 2017.
Four telecommunication companies: S,LVLT,HRS,QRVO to release their respective earnings on May 3.
Motorola Solutions, Inc. (MSI) is scheduled to report first-quarter 2017 results on May 4, after market close.
Harris Corporation (HRS) is slated to release third-quarter fiscal 2017 results on May 3, before the market opens.
As far as the broader Aerospace sector is concerned, although the earnings growth projections are not very inspiring, 50% of the stocks that have released their quarterly numbers came up with an earnings beat as of Apr 21.
Citrix Systems (CTXS) is scheduled to report first-quarter 2017 results on Apr 26.