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Richard Safran of Buckingham Research Group asks about the margin profile of the F-35. CFO Bruce Tanner said F-35 margins are going to vary over time but $LMT expects them to increase sequentially and YoverY. The company expects that by the time it gets to full-rate production, margins on the F-35 will look similar to F-16 and F-22 margins.
$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?