3 Dow 30 Stocks Affected by BIG Deals
Boeing Co.’s (NYSE:BA) C-130 Avionics planes should continue to ne modernized, says a House Appropriations defense subcommittee, as it added more than $5.3 billion to the Pentagon’s requested weapons purchases in fiscal 2013, according to a Defense News report on Tuesday. The panel also said that the Pentagon should purchase three more of United Technologies (NYSE:UTX) Black Hawk helicopters than it actually requested, while at the same time increasing the funding of Raytheon’s (NYSE:RTN) Patriot missiles by $300= million.
Cisco Systems, Inc. (NASDAQ:CSCO): Alcatel-Lucent’s (NYSE:ALU) May 22 core router announcement could be decidedly significant, says Nomura’s Stuart Jeffrey, as the firm’s success in the edge router market, in which is has a 24 percent share, implies that it has an opportunity at disrupting Cisco and Juniper’s (NYSE:JNPR) near-duopoly in the core. The analyst also contends that a 10 to 20 percent share would result in a 6 to 14 percent addition to its 2014 operating income. The company’s carrier switch/router unit was the upside in an otherwise dismal first quarter, growing 23.5 percent year-to-year.
Chevron Corp. (NYSE:CVX) might get an $4.4 billion investment in its Wheatstone natural gas project in Australia, as Tokyo Electric Power (TKECY.PK), Mitsubishi (MBFJF.PK) and shipping company Nippon Yusen (NPNYY.PK) are currently discussing the possibilities. Japan is strengthening its thermal power generation after the Fukushima disaster shut all its nuclear stations, and Wheatstone is among several Australian LNG projects that are gearing up to meet rising Asian demand.
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