Boeing and B/E Aerospace gain, AAR Corp and BAE Systems weaker
In other supplier highlights yesterday:
B/E Aerospace shares are currently trading above the 50-day moving average of USD26.68 and above the 200-day moving average of USD24.90, according to SmarTrend.
AAR Corp gave up all the previous day's gains, dropping 4.1% as investors digested the company's latest financial results.
BAE Systems (-2.9%) was also lower as it confirmed yesterday that it completed the acquisition of all of the stock of Atlantic Marine Holding Company, a ship MRO and construction provider, for USD352 million in cash.
Selected Original Equipment Manufacturers daily share price movements (% change): 14-Jul-2010
The aircraft lessors generally had a positive day, with ALAFCO gaining 3.5%, AerCap 1.4%, Aircastle 0.7% and FLY Leasing 0.3%.
Selected Aviation Suppliers & Leasing daily share price movements (% change): 14-Jul-2010