May 19, 2007: Aero Defense tidbits

Here are some recent developments in the sector that may be of interest:

ATK has won the Precision Guidance Kit over BAE. Worth $800m as a total package over five years.

USAF has released a draft RFP to UTX,LMT and BA for the $15B CSAR-X program, which BA initially had won before a protest of the bid by competitors. Contract to be awarded by October, 2007.

SPR and GKN are in talks to take over the Airbus plant at Filton, western UK.

BA has reached agreement with the machinist union. Full speed ahead.

BA announced the final major assembly for the 787 was delivered to Everett, WA.

Airbus had its best year ever for business jets 4/06-4/07; total? 17.

A reader of Roger's blog asked me to comment about a small cap aero space stock AVAV.Reader's may want to check this stock out. I try to follow some stocks very well, and other slip through. This may be one of those slips.

Recommended:

BE Aerospace (BEAV)
Goodrich (GR)
Precision Castparts (PCP)
Spirit Aero Systems (SPR)
TransDigm (TOG)
Boeing (BA)
Esterline Tech (ESL)
Dyncorp Int. (DYN)
EDO Corp. (EDO)
General Dynamics (GD)
L-3 Communications (LLL)
Raytheon Company (RTN)