Capital Goods Sector Review: Boeing Foundation for Volotea, BlueLinx

Deere & Company (NYSE:DE): Full-year industry sales in the EU 27 nations of Western and Central Europe are forecast to be flat to up 5% as favorable conditions in the grain, livestock and dairy sectors outweigh general economic concerns. Sales in the Commonwealth of Independent States are expected to be considerably higher in 2012, while sales in Asia are forecast to increase moderately. In South America, industry sales for the year are projected to be flat to down 5%, vs attractive levels of 2011, due to drought conditions in Argentina and southern Brazil. U.S. and Canada industry sales of turf and utility equipment are expected to increase slightly in 2012.

The shares closed at $84.28, down $4.77, or 5.36%, on the day. Its market capitalization is $34.00 billion.

Caterpillar Inc. (NYSE:CAT): GOP Senator Rand Paul is preventing the Senate from voting on a large transportation funding bill, according to The Hill. Paul is demanding that the Senate vote on his proposal to take 30 days of American financial aid away from Egypt, unless the country releases 19 Americans that it has detained, the newspaper said.

The shares closed at $112.53, down $1.92, or 1.68%, on the day. Its market capitalization is $72.76 billion.

The Boeing Company (NYSE:BA) 717 will be the foundation for new European low-cost airline, Volotea, with a long-term lease deal announced today between Boeing and the airline’s management. Volotea has taken delivery of its first 717-200 airplane from Boeing Capital Corporation, the manufacturers’ financing and leasing arm. The operator plans to begin its new European point-to-point service with an all-717 fleet in time for this year’s Easter travel season. Under a multi-year arrangement, Boeing will begin additional deliveries year of the reliable and modern twinjet in March of this year. The number of aircraft involved in the arrangement was not disclosed.

The shares closed at $75.21, down $0.35, or 0.46%, on the day. Its market capitalization is $56.09 billion.

Lockheed Martin Corp. (NYSE:LMT): Italy has announced it will reduce an F-35 fighter jet order from Lockheed Martin¬†by 40 and will cut other areas of its military spending as well, according to Bloomberg’s Businessweek.

The shares closed at $86.93, down $1.52, or 1.72%, on the day. Its market capitalization is $27.91 billion.

BlueLinx Holdings Inc. (NYSE:BXC): Reports revenue $391.1M vs. consensus $369.7M

The shares closed at $2.00, up $0.04, or 2.3%, on the day. Its market capitalization is $123.62 million.

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To contact the reporter on this story: Stella Mariz at

To contact the editor responsible for this story: Damien Hoffman at