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Peter Arment of Sterne Agee asks about backlog. CFO Bruce Tanner said $LMT could expects to see potentially $100Bil worth of backlog that will quickly dissipate with the disposition of IS&GS and the expectation could be for backlog to be somewhere between low $90-95Bil by year-end.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?