Proactiveinvestors United Kingdom - Aerospace & Defense RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - Aerospace & Defense feed en Sat, 20 Jan 2018 11:26:54 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com BAE Systems upgraded to 'buy' by UBS but QinetiQ and Meggitt are hit by downgrades http://www.proactiveinvestors.co.uk/companies/news/189808/bae-systems-upgraded-to-buy-by-ubs-but-qinetiq-and-meggitt-are-hit-by-downgrades-189808.html Wed, 10 Jan 2018 13:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189808/bae-systems-upgraded-to-buy-by-ubs-but-qinetiq-and-meggitt-are-hit-by-downgrades-189808.html BAE Systems and Qatar sign around £5bn contract for the supply of Typhoon fighter aircraft http://www.proactiveinvestors.co.uk/companies/news/188558/bae-systems-and-qatar-sign-around-5bn-contract-for-the-supply-of-typhoon-fighter-aircraft-188558.html Mon, 11 Dec 2017 07:37:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188558/bae-systems-and-qatar-sign-around-5bn-contract-for-the-supply-of-typhoon-fighter-aircraft-188558.html BAE Systems' shares soar as UK pension funds top-up proves less then expected http://www.proactiveinvestors.co.uk/companies/news/188026/bae-systems-shares-soar-as-uk-pension-funds-top-up-proves-less-then-expected-188026.html Thu, 30 Nov 2017 11:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188026/bae-systems-shares-soar-as-uk-pension-funds-top-up-proves-less-then-expected-188026.html Cohort increases interest in Portuguese company EID to 80% http://www.proactiveinvestors.co.uk/companies/news/187833/cohort-increases-interest-in-portuguese-company-eid-to-80-187833.html Mon, 27 Nov 2017 12:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187833/cohort-increases-interest-in-portuguese-company-eid-to-80-187833.html BAE heads lower as it announces plans to cut almost 2,000 jobs http://www.proactiveinvestors.co.uk/companies/news/185335/bae-heads-lower-as-it-announces-plans-to-cut-almost-2000-jobs-185335.html Tue, 10 Oct 2017 15:02:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185335/bae-heads-lower-as-it-announces-plans-to-cut-almost-2000-jobs-185335.html Boeing pumped more than US$130mln into collapsed UK holidays carrier Monarch Airlines, says newspaper http://www.proactiveinvestors.co.uk/companies/news/185237/boeing-pumped-more-than-us130mln-into-collapsed-uk-holidays-carrier-monarch-airlines-says-newspaper-185237.html Mon, 09 Oct 2017 12:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185237/boeing-pumped-more-than-us130mln-into-collapsed-uk-holidays-carrier-monarch-airlines-says-newspaper-185237.html BAE Systems set to announce more than 1,000 job cuts http://www.proactiveinvestors.co.uk/companies/news/185264/bae-systems-set-to-announce-more-than-1000-job-cuts-185264.html Mon, 09 Oct 2017 11:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185264/bae-systems-set-to-announce-more-than-1000-job-cuts-185264.html Berenberg wings shares in BAE Systems, downgrading the defence contractor's rating to ‘hold’ http://www.proactiveinvestors.co.uk/companies/news/184974/berenberg-wings-shares-in-bae-systems-downgrading-the-defence-contractor-s-rating-to-hold-184974.html Tue, 03 Oct 2017 10:37:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184974/berenberg-wings-shares-in-bae-systems-downgrading-the-defence-contractor-s-rating-to-hold-184974.html Northrop Grumman agrees to buy Orbital ATK Inc for US$7.8mln cash http://www.proactiveinvestors.co.uk/companies/news/184155/northrop-grumman-agrees-to-buy-orbital-atk-inc-for-us78mln-cash-184155.html Mon, 18 Sep 2017 14:28:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184155/northrop-grumman-agrees-to-buy-orbital-atk-inc-for-us78mln-cash-184155.html Goldman Sachs gives lift to BAE Systems as it adds stock to 'Conviction Buy' list http://www.proactiveinvestors.co.uk/companies/news/182471/goldman-sachs-gives-lift-to-bae-systems-as-it-adds-stock-to-conviction-buy-list-182471.html Tue, 15 Aug 2017 12:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/182471/goldman-sachs-gives-lift-to-bae-systems-as-it-adds-stock-to-conviction-buy-list-182471.html BAE Systems warns on the performance of its Cyber & Intelligence business http://www.proactiveinvestors.co.uk/companies/news/181824/bae-systems-warns-on-the-performance-of-its-cyber-intelligence-business-181824.html Wed, 02 Aug 2017 13:55:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181824/bae-systems-warns-on-the-performance-of-its-cyber-intelligence-business-181824.html UBS cuts stance on BAE Systems to reflect more “tempered outlook“ on the UK defence budget http://www.proactiveinvestors.co.uk/companies/news/180761/ubs-cuts-stance-on-bae-systems-to-reflect-more-tempered-outlook-on-the-uk-defence-budget-180761.html Wed, 12 Jul 2017 11:01:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180761/ubs-cuts-stance-on-bae-systems-to-reflect-more-tempered-outlook-on-the-uk-defence-budget-180761.html BAE Systems dodges bullet as High Court throws out case to block arms sales to Saudi Arabia http://www.proactiveinvestors.co.uk/companies/news/180627/bae-systems-dodges-bullet-as-high-court-throws-out-case-to-block-arms-sales-to-saudi-arabia-180627.html Mon, 10 Jul 2017 15:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180627/bae-systems-dodges-bullet-as-high-court-throws-out-case-to-block-arms-sales-to-saudi-arabia-180627.html JPMorgan Cazenove clips BAe System's wings with downgrade to 'neutral' http://www.proactiveinvestors.co.uk/companies/news/179735/jpmorgan-cazenove-clips-bae-system-s-wings-with-downgrade-to-neutral--179735.html Fri, 23 Jun 2017 10:28:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/179735/jpmorgan-cazenove-clips-bae-system-s-wings-with-downgrade-to-neutral--179735.html Boeing ups its 20-year industry forecast for passenger and freight planes demand by 4% http://www.proactiveinvestors.co.uk/companies/news/179540/boeing-ups-its-20-year-industry-forecast-for-passenger-and-freight-planes-demand-by-4-179540.html Tue, 20 Jun 2017 12:19:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/179540/boeing-ups-its-20-year-industry-forecast-for-passenger-and-freight-planes-demand-by-4-179540.html Goldman Sachs takes BAe Systems off its Conviction List after strong outperformance http://www.proactiveinvestors.co.uk/companies/news/179147/goldman-sachs-takes-bae-systems-off-its-conviction-list-after-strong-outperformance-179147.html Tue, 13 Jun 2017 10:58:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/179147/goldman-sachs-takes-bae-systems-off-its-conviction-list-after-strong-outperformance-179147.html Better-than-expected balance sheet sees Citi upgrade BAE target price http://www.proactiveinvestors.co.uk/companies/news/173804/better-than-expected-balance-sheet-sees-citi-upgrade-bae-target-price-173804.html Mon, 27 Feb 2017 10:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/173804/better-than-expected-balance-sheet-sees-citi-upgrade-bae-target-price-173804.html Defence budgets boost to lift BAE Systems in 2017 after solid growth in 2016 profits and revenues http://www.proactiveinvestors.co.uk/companies/news/173594/defence-budgets-boost-to-lift-bae-systems-in-2017-after-solid-growth-in-2016-profits-and-revenues-173594.html Thu, 23 Feb 2017 08:50:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/173594/defence-budgets-boost-to-lift-bae-systems-in-2017-after-solid-growth-in-2016-profits-and-revenues-173594.html Is it time to buy BAE? This Wall Street bank thinks so http://www.proactiveinvestors.co.uk/companies/news/170798/is-it-time-to-buy-bae-this-wall-street-bank-thinks-so-170798.html Wed, 21 Dec 2016 11:59:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/170798/is-it-time-to-buy-bae-this-wall-street-bank-thinks-so-170798.html BAE reiterates guidance; expects more Typhoon orders http://www.proactiveinvestors.co.uk/companies/news/167009/bae-reiterates-guidance-expects-more-typhoon-orders-167009.html Thu, 06 Oct 2016 08:19:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/167009/bae-reiterates-guidance-expects-more-typhoon-orders-167009.html ABInBev and SABMiller sell Peroni to Japan's Asahi http://www.proactiveinvestors.co.uk/companies/news/124962/abinbev-and-sabmiller-sell-peroni-to-japan-s-asahi-124962.html Tue, 19 Apr 2016 16:15:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/124962/abinbev-and-sabmiller-sell-peroni-to-japan-s-asahi-124962.html Boeing to cut 4,500 jobs as jet demand slows http://www.proactiveinvestors.co.uk/companies/news/124225/boeing-to-cut-4500-jobs-as-jet-demand-slows-124225.html Wed, 30 Mar 2016 14:56:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/124225/boeing-to-cut-4500-jobs-as-jet-demand-slows-124225.html Astrotech shares more than double on US govt contract http://www.proactiveinvestors.co.uk/companies/news/123500/astrotech-shares-more-than-double-on-us-govt-contract-123500.html Wed, 09 Mar 2016 17:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/123500/astrotech-shares-more-than-double-on-us-govt-contract-123500.html Raytheon Company wins $270mln US Navy missile contract http://www.proactiveinvestors.co.uk/companies/news/123429/raytheon-company-wins-270mln-us-navy-missile-contract-123429.html Tue, 08 Mar 2016 14:45:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/123429/raytheon-company-wins-270mln-us-navy-missile-contract-123429.html Kratos receives $11.2mln order from government agency http://www.proactiveinvestors.co.uk/companies/news/123424/kratos-receives-112mln-order-from-government-agency-123424.html Tue, 08 Mar 2016 14:21:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/123424/kratos-receives-112mln-order-from-government-agency-123424.html II-VI ups Anadigics takeover offer to 85 cents a share http://www.proactiveinvestors.co.uk/companies/news/123101/ii-vi-ups-anadigics-takeover-offer-to-85-cents-a-share-123101.html Mon, 29 Feb 2016 14:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/123101/ii-vi-ups-anadigics-takeover-offer-to-85-cents-a-share-123101.html AB Inbev sales lose fizz as drinkers pick craft beers and cocktails http://www.proactiveinvestors.co.uk/companies/news/122998/ab-inbev-sales-lose-fizz-as-drinkers-pick-craft-beers-and-cocktails-122998.html Thu, 25 Feb 2016 10:40:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/122998/ab-inbev-sales-lose-fizz-as-drinkers-pick-craft-beers-and-cocktails-122998.html Kratos lands $37mln Air Force contract for unmanned program http://www.proactiveinvestors.co.uk/companies/news/122806/kratos-lands-37mln-air-force-contract-for-unmanned-program-122806.html Mon, 22 Feb 2016 14:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/122806/kratos-lands-37mln-air-force-contract-for-unmanned-program-122806.html BAE Systems annual earnings fall but dividend rises http://www.proactiveinvestors.co.uk/companies/news/122678/bae-systems-annual-earnings-fall-but-dividend-rises-122678.html Thu, 18 Feb 2016 08:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/122678/bae-systems-annual-earnings-fall-but-dividend-rises-122678.html Brookfield Asset Management unit buys Colombia’s Isagen for $1.99 bn http://www.proactiveinvestors.co.uk/companies/news/121313/brookfield-asset-management-unit-buys-colombias-isagen-for-199-bn-121313.html Wed, 13 Jan 2016 18:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/121313/brookfield-asset-management-unit-buys-colombias-isagen-for-199-bn-121313.html Chair: Focusrite to expand product range organically and through acquisitions http://www.proactiveinvestors.co.uk/companies/stocktube/4954 Focusrite plc (LON:TUNE), the group that provides tech products to the music industry, released a solid set of first half results for 2016, with revenue up almost 9% on the previous year to £25.9mln and underlying earnings (EBITDA) rising to £4.8mln.

Phil Dudderidge, chairman and founder of Focusrite, tells Proactive its two established brands - Focusrite and Novation both grew in the first half, with an increase in demand from Asia, particularly South Korea, where people have “woken up to electronic music”.

He also says that he is pleased with the uptake of its Launchpad app, which is a software version of its hardware range, allowing anyone to start creating music.

The focus for this year will be to continue to grow organically, as well as to branch out into other product categories, which can be done organically or through acquisition, with the company “actively looking at businesses that are ripe for acquisition” Dudderidge adds.

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Wed, 27 Apr 2016 08:56:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4954
Cohort chief presents half-year results http://www.proactiveinvestors.co.uk/companies/stocktube/4476 Cohort (LON:CHRT), chief executive Andy Thomis, comments on the company’s six month trading performance.

Revenue for the defence specialist climbed 32% to £49.7mln in the half-year to October 31 while adjusted operating profit increased 40% to £3.5mln

Presenting the results, Thomis says Cohort's order book and pipeline, market positions and strong funding position continue to provide confidence for its future prospects.

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Mon, 14 Dec 2015 09:55:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4476
Focusrite on song after a year on AIM http://www.proactiveinvestors.co.uk/companies/stocktube/4477 Proactive speaks to Focusrite (LON:TUNE) founder Phil Dudderidge about the company’s music equipment and trading performance since listing on London’s junior market.

The firm is a leader when it comes to making audio interfaces – small electronic boxes which enable amateur and professional musicians to record sounds and transfer them onto a computer.

In the first set of annual results since it floated pre-tax profit was £6.4mln against £5.8mln in 2014, while revenue was £48mln versus £40.9mln previously.

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Mon, 14 Dec 2015 07:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4477
Cohort chief on latest MASS contract and EID acquisition http://www.proactiveinvestors.co.uk/companies/stocktube/4265 Andy Thomis, chief executive of defence tech specialist Cohort (LON:CHRT) provides more detail on the £3mln contract its subsidiary secured to supply Electronic Warfare Operational Support.

The deal means that Cohort’s MASS unit will help its unnamed export customer protect their military aircraft from threats.

Thomis explains that the deal is immediately earnings enhancing and will add to group revenue this year and beyond.

Meanwhile, the CEO said he expects authorities in Portugal to sign off had asked Cohort’s purchase of Portuguese advanced defence electronics supplier EID by mid-December.

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Tue, 13 Oct 2015 14:57:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4265
Cohort strengthens armoury with EID deal http://www.proactiveinvestors.co.uk/companies/stocktube/4032 The chief executive of defence specialist Cohort (LON:CHRT), Andy Thomis, explains why the group has paid €19mln for Portuguese comms specialist Investigação e Desenvolvimento de Electrónica (EID).

“It’s a complementary business which provides tactical communications equipment for armies and navies around the world,” said Thomis. “It has a strong order book, good portfolio of further opportunities and is well placed for further growth.”

Cohort is currently four businesses in one - the largest in terms of profitability is MASS, the high-technology business whose specialities include electronic warfare and electronic security.


SCS is the consultancy business, then there is SEA, which specialises in high-end communications while MCL is an expert in sourcing, design and integration of electronic and surveillance technology.

EID - Cohort's first overseas purchase -  will provide a fifth leg to the business with its specialism in naval, tactical and field communications. 

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Wed, 05 Aug 2015 12:55:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4032
Cohort chief not ruling out further acquisitions http://www.proactiveinvestors.co.uk/companies/stocktube/3891 The chief executive of Cohort (LON:CHRT), Andy Thomis, says he is keeping his eyes open for future acquisition opportunities - potentially outside the UK.

The defence technology group today told investors that strong organic growth was boosted by first time contributions from two acquisitions.

Cohort bought the MCL and J+S businesses last year and posted a 40% rise in revenues to just shy of £100mln for 2014, while adjusted pre-tax profit grew 23% to £10.2mln.

Speaking to Proactive, Thomis says he wouldn’t rule out a European acquisition if the target proved a good fit.

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Thu, 25 Jun 2015 16:52:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3891
Challenger Acquisitions chairman updates on Starneth deal and NY Wheel http://www.proactiveinvestors.co.uk/companies/stocktube/3874 The executive chairman of Challenger Acquisitions (LON:CHAL), Mark Gustafson, provides an update on the investment vehicle’s reverse takeover of Starneth, a specialist in giant observation wheels.

Having received an injection of capital earlier this month the group has now signed a letter of intent to acquire Starneth, and Gusfaston reckons Challenger’s shares will be readmitted to the London stock market by the end of this summer.

In an exclusive interview, he also provides an update on the latest construction work on the New York Wheel, located on Staten Island, in which Challenger has 2.5% interest.

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Fri, 19 Jun 2015 12:12:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3874
Challenger Acquisitions boss on maiden investment in New York Wheel http://www.proactiveinvestors.co.uk/companies/stocktube/3801 Challenger Acquisitions’ (LON:CHAL) Mark Gustafson tells Proactive Investors he plans to build up projects over the long term after making his first investment in the attractions space.

Having received an injection of capital earlier this month, the investment vehicle has paid US$3mln for a 2.46% stake in the upcoming New York Wheel.

Executive chairman Gustafson explains the decision to invest was based on the commercial success of the London Eye and reckons there is a significant pipeline of projects ahead. For now though, the business will focus on funding the reverse takeover of specialist engineer Starneth.

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Tue, 26 May 2015 16:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3801
Cohort CEO sees 'good growth opportunities' across all businesses http://www.proactiveinvestors.co.uk/companies/stocktube/3220 Andrew Thomis, chief executive of Cohort (LON:CHRT), tells Proactiveinvestors there is growth potential across all four of the company's subsidiaries. The defence technology group has been awarded a multi-million pound follow-up contract from the MOD, and Thomis says whatever the outcome of this May's General Election "defence will remain an important part of UK expenditure."

Cohort aims to grow opportunities in SE Asia where there is 'strong demand' for the company's maritime defence systems, and the Middle East, where Cohort supplies electronic warfare operational support expertise.

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Wed, 15 Apr 2015 14:49:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3220
Cohort CEO presents half-year results http://www.proactiveinvestors.co.uk/companies/stocktube/2914 Andrew Thomis, the chief executive of Cohort plc (LON:CHRT), takes investors through the group’s first-half figures.

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Mon, 15 Dec 2014 09:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/2914
Cohort looking to boost its organic growth through acquisitions http://www.proactiveinvestors.co.uk/companies/stocktube/2547 Andrew Thomis, chief executive at AIM-listed Cohort PLC (LON:CHRT) tells Proactiveinvestors the company will be looking to complete acquisitions as part of its growth strategy.

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Tue, 01 Jul 2014 10:26:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/2547
Cohort plc: strong order book, growth in profits and dividends http://www.proactiveinvestors.co.uk/companies/stocktube/1974 Cohort plc (LON:CHRT) tells Proactiveinvestors that it aims to continue its strategy for growth and maintain a 'strong progressive' dividend. Andy says that the company continues to make good progress on new orders and the expectation is for a 'greater bias' to the second half. ]]> Mon, 30 Sep 2013 09:01:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/1974