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  • Boeing 737 MAX is set to fly after approvals from EASA and FAA

    Boeing 737 MAX is set to fly after approvals from EASA and FAA

    Boeing 737 MAXban in Europe has been lifted by the European Union Aviation Safety Agency and the 737 MAX will be able to fly after January 2021.The U.S regulators also lift the ban on the Boeing 737 MAX passenger jet-liner which was promptedfollowing the two fatal crashes in which 346 people lost their lives.

    The head of the European Union Aviation Safety Agency (EASA) said that Boeing 737 MAX is safe to fly after the recent changes in its design.The Executive Director Patrick Ky of (EASA) told that they wanted to carry out a totally independent analysis of the safety of this aircraft, so (EASA) performed our checks and flight tests. He confirmed that all studies and tests tell us that 737 MAX can return to service in January

    It is a piece of good news for the Boeing who is struggling due to pandemic as well.FAA also approves the Boeing 737 MAX new design and now it depends on how long it will take to train pilots to get familiar with the new upgraded software and other actions mandated by EASA. In U.S commercial flight will resume on December 29.

    The two crashes put pressure on FAA for negligence as the FAA was unable to detect the poor design fault which killed 346 people.Ky said that he does not want to go into details but there were many dysfunctions in (FAA) actions and their relations with Boeing. He further said that now FAA is in the process of putting in place corrective measures.”

    He hints that EASA will change its inspection methods to analyze critical features in foreign jets. The EASA will ensure that key safety reviews are completed before moving on to the next steps. The EASA will change the validation and certification of the Boeing aircraft and will make sure there should be no delay in certification timings.

  • Why American Airlines (NASDAQ: AAL) Share Plunges?

    Why American Airlines (NASDAQ: AAL) Share Plunges?

    American Airlines Group Inc. (NASDAQ: AAL), like many other airlines, has been hit hard by the decline in air-travel demand due to the coronavirus pandemic. Shares of American Airlines shed 4.26% after it planned to seek more money from the Treasury Department to improve its weak finances.

    The company is planning to take help from the Treasury department as it bears a shock because of the coronavirus pandemic. It has a major debt burden as it disclosed $40 billion of the debt in the second quarter, up $7 billion compared to the 2019 debt of $33 billion.

    American Airlines has held a conference where the number of airline executives gave presentations. American Airlines CFO Derek Kerr said at the conference on Wednesday that the company is planning to turn toward the Treasury department to lessen its debt burden. CARES act has allowed airlines to borrow money from the treasury department as the airline industry has been hit hard by the coronavirus pandemic. But not all the airlines have taken the $25 billion government bailout most notably Southwest has already disclosed that it is not taking the loan.

    Another decision of Americans that not only impact American Airlines (AAL) but also Boeing is that the AAL said that it may postpone the delivery of 18 Boeing 737 MAX jets. The MAX fleet has already stopped services since March 2019 because of safety issues. The decision to postpone the delivery of the jet also delayed the American’s payment for them.

    Shares of American Airlines (NASDAQ: AAL) had tumbled down 4.26% as it lost -0.58 at $13.05 on Wednesday. In the past 52-weeks of trading, American’s stock has fluctuated between the low range of $8.25 and a high range of $31.67. American Airlines has moved up 58.18% from its 52-weeks low and moved down -58.79% from its 52-weeks high. Looking at its profitability, it has a return on assets of -5.70%, returns on equity of 240.80%, and return on investment of 10.30%. It has a market capitalization of $6.51 billion at the time of writing.

    American Airlines has earlier named two new officers in its operation and people teams. Jessica Tyler was appointed as the president of American Airlines Cargo and vice president of Airport Excellence in June. Furthermore, Thomas Rajan was appointed as the vice president of Compensation and Benefits in August. It has also announced that it would furlough 17,500 union workers in October.

    Decreasing demand because of the coronavirus pandemic not only affected the business of American Airlines but many other airlines have experienced the shock. United Airlines has also disclosed that decreasing demand for air travel impacted its flight capacity in the third quarter. It has recorded the 70% drop in its scheduled flight capacity, compared to the forecasted decrease of 65%. It also expects that its passenger revenue to be down 85% this quarter.

  • 15 Trending Stocks In Aerospace And Defense Industry To Invest In

    The Global Aerospace & Defense industry is undergoing continuous changes as it is striving to meet the increased demands. The demands for innovative technologies is likely to help the A&D recovered from the previous year. The global A&D has experienced a downfall in 2019.

    But 2020 is considered to be a year of significant milestones for the A&D sector as the industry is heading towards the new trajectory of innovation and growth. As the competition has been increasing amongst the leading global powers the focus is turned towards the development of next-generation changer technologies to improve the aerospace & defense sector.

    Let’s take a quick look at 15 leading companies in the aerospace and defense industry:

    Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS)

    Kratos Defense & Security Solutions Inc. (KTOS) stock drop by -0.81% to $19.55. The most recent rating by The Benchmark Company, on March 18, 2020, is at a Buy. Kratos Defense & Security Solutions Inc. disclosed Thursday that the second flight of the X-61A Gremlins Air Vehicle (GAV) became a success. The flight was completed in just two hours. Kratos Defense & Security Solutions has recorded the 52-weeks low and high range of $5.00-$21.90, respectively. Its market cap has remained high, hitting $2.39 billion.

    Lockheed Martin Corporation (NYSE: LMT)

    Lockheed Martin Corporation (NYSE: LMT) Shares headed falling, lower as much as -1.35%. The most recent rating by RBC Capital Mkts, on May 21, 2020, is at a Sector perform. Lockheed Martin Corporation has recently won a $912 million deal to support the THAAD program. The contract has been awarded to Lockheed Martin Corporation by the Missile Defense Agency. Lockheed Martin shares went up 46.65% from its 52-weeks low and moved down -11.81% from its 52-weeks high.

    General Dynamics Corporation (NYSE: GD)

    General Dynamics Corporation (GD) last closed at $149.35, in a 52-week range of $100.55 to $193.76. Analysts have a consensus price target of $169.24. General Dynamics Corporation announced its joint venture with Spanish defense contractor Santa Bárbara Sistemas. GD had secured an $870 million worth of a contract from the Spanish Ministry for wheeled combat vehicles. The new deal is a part of a larger contract of $2.06 billion to supply 348 wheeled combat vehicles to the Spanish military. GD is up 48.53% from its 52-weeks low and down -22.92% from its 52-weeks high.

    Northrop Grumman Corporation (NYSE: NOC)

    Northrop Grumman Corporation (NYSE: NOC) last closed at $342.61, in a 52-week range of $263.31 to $385.01. It has traded up 30.12% from its 52-weeks low and traded down -11.01% from its 52-weeks high. Analysts have a consensus price target of $393.18. It has secured a $45 million deal involving UH-1Y and AH-1Z helicopters. The contract has been granted to Northrop by Naval Air Systems Command, Patuxent River, MD. The contract is anticipated to complete by December 2023.

    Raytheon Technologies Corporation (NYSE: RTX)

    Raytheon Technologies Corporation (NYSE: RTX) stock drop by -1.99% to $61.00. The most recent rating by Argus, on July 29, 2020, is at a Hold. Raytheon Technologies earlier disclosed it has won a $21.8 million contract to support the MALD flight vehicles. It has received the investment by the Air Force Life Cycle Management Center, Robins Air Force Base, GA. The Miniature Air Launched Decoy (MALD) is a small unmanned air-launched flight vehicle. It is manufactured to protect U.S. fighters and bombers from modern netted air defenses.

    The Boeing Company (NYSE: BA)

    The Boeing Company (NYSE: BA) Shares headed falling, lower as much as -2.26%. The most recent rating by Wolfe Research, on July 16, 2020, is at an Underperform. The Boeing Company’s 737 MAX jetliner has received the all-clear from Canadian Aviation Regulator Transport Canada. Boeing’s 737 MAX has been stopped services since mid-March 2019 after 346 people lost their lives in two fatal crashes within six months. The test result after Transport Canada Inspection raised hopes returning the jet to service. Boeing’s total market capitalization remained high, hitting $96.10 billion.

    Hexcel Corporation (NYSE: HXL)

    Hexcel Corporation (NYSE: HXL) stock drop by -5.02% to $39.39. The most recent rating by RBC Capital Mkts, on August 04, 2020, is at a Sector perform. Hexcel Corporation has reported the 2020 Q2 results. It has recorded net sales of $378.7 million and adjusted diluted EPS of $0.08 per share. As per the reports company’s second Gross margin for the Q2 was 14.5% compared to 27.7% in the prior-year period.

    AgEagle Aerial Systems Inc. (AMEX: UAVS)

    AgEagle Aerial Systems Inc. (AMEX: UAVS) shares were trading up 23.02% at $3.10 at the time of writing on Monday. AgEagle Aerial Systems Inc. (AMEX: UAVS) share price went from a low point around $0.19 to briefly over $5.15 in the past 52 weeks, though shares have since pulled back to $3.10. UAVS market cap has remained high, hitting $176.05M at the time of writing, giving it a price-to-sales ratio of more than 290.

    Virgin Galactic Holdings Inc. (NYSE: SPCE)

    Virgin Galactic Holdings Inc. (NYSE: SPCE) last closed at $17.90, in a 52-week range of $6.90 to $42.49. Analysts have a consensus price target of $27.00.

    Smith & Wesson Brands Inc. (NASDAQ: SWBI)

    Smith & Wesson Brands Inc. (NASDAQ: SWBI) stock soar by 1.19% to $18.26. The most recent rating by Cowen, on August 25, 2020, is at an Outperform.

    L3Harris Technologies Inc. (NYSE: LHX)

    L3Harris Technologies Inc. (NYSE: LHX) Shares headed rising, higher as much as 0.47%. The most recent rating by The Benchmark Company, on August 03, 2020, is at a Buy.

    Huntington Ingalls Industries Inc. (NYSE: HII)

    Huntington Ingalls Industries Inc. (NYSE: HII) fall -0.62% after losing more than -$0.94 on Monday. This company has a 52-weeks low and high range of $147.14-$279.71, respectively. It has moved up 2.98% from its 52-weeks low and moved down -45.83% from its 52-weeks high. HII has a total market capitalization of 6.17 billion.

    Textron Inc. (NYSE: TXT)

    Textron Inc. (NYSE: TXT) fall -1.35% after losing more than -$0.54 on Monday. It has a day low and a high range of $39.25-$40.00, respectively. Looking at its liquidity, it has a current ratio of 2.00. Its quick ratio is 1.00. Textron Inc.’s market capitalization has remained high, hitting 8.85 billion.

    Triumph Group Inc. (NYSE: TGI)

    Triumph Group Inc. (NYSE: TGI) fall -3.21% after losing more than -$0.24 on Monday. Triumph Group has recorded the 52-weeks low and high range of $3.02-$29.38, respectively. It has moved up 139.40% from ist 52-weeks low and moved down -75.39% from its 52-weeks low.

    Spirit AeroSystems Holdings Inc. (NYSE: SPR)

    Spirit AeroSystems Holdings Inc. (NYSE: SPR) last closed at $20.56, in a 52-week range of $13.69 to $92.81. Analysts have a consensus price target of $22.19. Looking at its liquidity, it has a current ratio of 2.70. Its quick ratio is 1.90. Spirit AeroSystems has a total market capitalization of 2.14 billion.