Tough time for US and UK manufacturers – Suppliers Share Wrap


US and UK Aerospace and defence manufacturers had a hard time on Tuesday, with Rockwell Collins, Honeywell and Goodrich all losing 1.8% by the close of trading. BAE Systems (-1.6%) and Raytheon (-1.7%) also lost ground, as did Pratt & Whitney (-1.3%).

  • US and UK aerospace and defense manufacturers experienced losses in their stock prices.
  • Rockwell Collins, Honeywell, Goodrich, BAE Systems, Raytheon, and Pratt & Whitney all saw a decline in their stock prices.
  • The US has already announced defense cuts, while the UK plans to reduce its defense budget by 8%.
  • Despite a decline in net profit, Lockheed Martin's shares gained 0.8%.
  • EADS shares increased by 1.5% as the UK confirmed its commitment to the A400M program.
  • The daily share price movements of selected original equipment manufacturers and aviation suppliers & leasing companies were tracked.

The US has already announced defence cuts, while the UK announced yesterday it will slice 8% out of its defence budget.

Lockheed Martin share gained 0.8%, despite the company reporting a 28% decline in net profit (USD517 million) on a 6% increase in revenue. The company's outlook is for 2011 sales growth at the "mid-single-digit" levels.

EADS shares were up 1.5%. The UK confirmed its commitment to the troubled A400M programme under the defence review.

Selected Original Equipment Manufacturers daily share price movements (% change): 19-Oct-2010

Selected Aviation Suppliers & Leasing daily share price movements (% change): 19-Oct-2010

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