The Boeing Company (NYSE:BA) has awarded Raytheon Company (NYSE:RTN) its second contract for low-rate initial production of active electronically scanned array radar systems for the United States Air Force F-15E Radar Modernization Program. Raytheon’s APG-821 AESA radar is able to simultaneously detect, identify and track multiple air and surface targets at longer ranges than the APG-70 radar it supplants. Through this superiority, the system provides substantial improvement in reliability, and thus decreases Air Force maintenance costs.
Bank of America Corporation (NYSE:BAC): Private-equity companies that want to divest assets are turning to special types of securities which promise investors annual yields of as much as 19 percent, for years to come. These securities, master limited partnerships, are known for predictable income streams and relative safety, but some investors and analysts are concerned that these new MLPs carry much more risk than their predecessors, according to the Wall Street Journal.
Don’t Miss: Regulators Keep SPOTLIGHT Pointed At Big Banks.
Chevron Corporation (NYSE:CVX): Anticipating new evidence that the United States’ economy might expect faster growth, oil has traded near a four-month high, says Bloomberg. However, in New York futures were basically steady after moving as high as $100.42 per barrel on Friday.
General Electric Company (NYSE:GE) has hired Morgan Stanley (NYSE:MS) to review its 33 percent investment in the Bank of Ayudhya Pcl in Thailand, a move that might potentially lead to a sale of its approximate $2.2 billion holding, say sources to Reuters.
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