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For 2016, $GD expects Aerospace segment revenue to be $8.5-8.6Bil with margins slightly above 20%. For Combat Systems, revenue is expected to be slightly over $5.7Bil and margins to be 16-16.1%. Marine Systems revenue is expected to be $8.1-8.2Bil and margins around 9.2%. In IS&T, operating margins will be better than 10.5%.
$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?