Analyst cuts Lockheed outlook Lockheed Martin Corp. and Boeing Co., the two largest U.S. defense contractors, were among aerospace and defense companies that had their profit forecasts cut by J.P. Morgan analysts because of higher projected pension costs. Most of the major defense companies have large benefit plans and will face a "material level of pension expense," J.P. Morgan analyst Joseph Nadol wrote in a report to clients. He cut Bethesda-based Lockheed's 2009 profit forecast 12 percent to $7.15 a share, and Chicago-based Boeing's by 7.8 percent to $4.75. He rates both "neutral.
... persist," said JPMorgan aerospace analyst Joseph Nadol III. However, business-jet deliveries from t...
...Morgan analyst Joseph Nadol, while the backlog for 737s has held up well...
The business aviation sector isn't improving with the rest of the economy, says a new report from J.P. Morgan Chase that focuses on new airplane sales for business customers. Signals are mixed in the sector - high end airplane sales are up, while sales of less expensive airplanes are down.
... for heavy jets, according to analyst Joseph Nadol in Business jet Monthly, China is a leading ...
WASHINGTON -- With pension funds facing billions of dollars in shortfalls as markets plunge, a range of companies from Ford to Verizon are pushing Congress to suspend portions of a 2-year-old law they say could force them to make job cuts as they shift scarce money into ailing retirement pools. The lobbying effort aims to change a 2006 pension reform law as part of any economic stimulus plan in a lame-duck session of Congress that begins next week. Companies warn the current law could force them to tie up large sums of cash they desperately need in the face of a global recession.
...Morgan defense industry analyst Joseph Nadol III in a note to investors last month. Pensi...
...Morgan analyst Joseph Nadol, while the backlog for 737s has held up well...
SINGAPORE - Boeing, the world's second- largest planemaker, will likely scrap the planned 787-3 after Japan Airlines and All Nippon Airways switched orders to alternate versions. It's my guess that it won't be part of our product offering in the future," Boeing's commercial aircraft marketing head Randy Tinseth said Tuesday in an interview at the Singapore Air Show. The plane was specifically designed for Japanese carrier, he said, declining to elaborate on the program costs.
... is highly dependent on the 787 execution," Joseph Nadol, Seth Seifman and Rica Mendoza, analysts at ...
...Morgan analyst Joseph Nadol, while the backlog for 737s has held up well...
By Edmond Lococo Bloomberg News
...defense companies, based on estimates by Joseph Nadol, an analyst with JP Morgan Securities Inc. i...
...Morgan analyst Joseph Nadol, while the backlog for 737s has held up well...
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