New Contracts, Plant Constructions, Protection Systems, and Earnings Results - Research Report on Textron, Northrop Grumman,

New Contracts, Plant Constructions, Protection Systems, and Earnings Results -
Research Report on Textron, Northrop Grumman, Raytheon, Covanta, and Donaldson

PR Newswire

NEW YORK, July 22, 2013

NEW YORK, July 22, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Textron
Inc. (NYSE: TXT), Northrop Grumman Corporation (NYSE: NOC), Raytheon Co.
(NYSE: RTN), Covanta Holding Corporation (NYSE: CVA), and Donaldson Company,
Inc. (NYSE: DCI). Today's readers may access these reports free of charge -
including full price targets, industry analysis and analyst ratings - via the
links below.

Textron Inc. Research Report

On July 17, 2013, Textron Inc. (Textron) reported its Q2 2013 financial
results posting income from continuing operations of $0.40 per share, compared
to income of $0.58 per share in the Q2 2012. The Company's total revenues were
$2.8 billion, a decrease of 6% YoY primarily reflecting lower business jet
deliveries. The Company's segment profit was $213 million compared to $310
million in Q2 2012, impacted by lower business jet deliveries coupled with $28
million in pre-tax severance costs at Cessna. "Despite weakness in European
markets, we saw solid growth at Textron Systems and our Industrial businesses,
as well as continued strong commercial orders at Bell," said Scott C.
Donnelly, Textron Chairman and Chief Executive Officer. "On the other hand,
business jet demand continued to be soft, but we believe the cost, production
and pricing actions we took are the right actions to support future growth at
Cessna." The Company also confirmed its full-year 2013 EPS from continuing
operations guidance of $1.90 to $2.10. The Full Research Report on Textron
Inc. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/756e_TXT]

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Northrop Grumman Corporation Research Report

On July 17, 2013, Northrop Grumman Corp. (Northrop Grumman) reported that it
has been awarded a new $173 million performance-based logistics contract by
the Department of Defense. Under the five-year agreement, Northrop Grumman
will provide support and sustainment services for the LITENING advanced
targeting system. "This award continues our 15-year partnership with the
Department of Defense in supporting the warfighters who rely on the LITENING
system," said Jim Mocarski, Vice President of Airborne Tactical Sensors at
Northrop Grumman Electronic Systems. "Through this partnership, LITENING has
achieved greater than 97 percent availability and more than 650,000 combat
flight hours, so warfighters know it will be ready for any mission." The Full
Research Report on Northrop Grumman Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.analystscorner.com/r/full_research_report/f842_NOC]

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Raytheon Co. Research Report

On July 16, 2013, Raytheon Company (Raytheon) and Chemring Group together
announced that they are finalizing plans to conduct a live missile firing of
the multirole CENTURION launcher at the Defence Training Estate on Salisbury
Plain during Q4 2013. "Our plan is to launch a missile to help prove our
capability against a maneuvering surface threat such as a fast, swarming
attack craft," said Rick Nelson, Vice President of Raytheon Missile Systems'
Naval and Area Mission Defense product line. "Chemring's CENTURION launcher,
coupled with a number of Raytheon's combat-tested missiles, brings an entirely
new dimension to ship self-defense to provide a sea-based, inside-the-horizon
platform protection system." The Full Research Report on Raytheon Co. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/1d55_RTN]

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Covanta Holding Corporation Research Report

On July 17, 2013, Covanta Holding Corp. (Covanta) reported its Q2 2013
financial results. The Company reported revenue of $413 million, slightly
higher as compared with $410 million in Q2 2012. The $3 million increase was
due to the execution of organic growth initiatives. Adjusted EBITDA decreased
to $120 million, compared with $125 in Q2 2012. Adjusted EPS was down to
$0.10, compared with $0.15 in Q2 2012, primarily due to lower equity income.
Commenting on Covanta's results, Anthony Orlando, President and Chief
Executive Officer, stated, "We achieved solid results this quarter. Operating
performance was in line with our expectations and key financial metrics came
in slightly better than expected, as we had a modest benefit from a power
purchase agreement buyout. Furthermore, I'm pleased with the progress on all
of our organic growth initiatives and look forward to a strong second half of
the year." The Company is reaffirming its guidance for full-year 2013 with
adjusted EPS in the range of $0.40 to $0.50. The Full Research Report on
Covanta Holding Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/b901_CVA]

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Donaldson Company, Inc. Research Report

On July 8, 2013, Donaldson Company Inc. (Donaldson) announced the construction
of a new manufacturing plant in Skarbimierz, Poland. The Company said that the
new 108,000 square feet plant will cater to the filtration needs of European
and Russian customers. "We are very pleased to add this new, state-of-the-art
facility to our extensive manufacturing and distribution base in Europe and
have appreciated the ongoing support of the Polish government and local
Skarbimierz officials," said Wim Vermeersch, Vice President, Europe, Middle
East and Northern Africa. "Based on our Company's Strategic Growth Plan, this
new plant will allow us to further increase our filter manufacturing capacity
to meet our projected OEM and Aftermarket Customer demand throughout Europe
and Russia." The Company expects the new plant to open in 2015, which will
represent its third manufacturing presence in Central and Eastern Europe. The
Full Research Report on Donaldson Company, Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.analystscorner.com/r/full_research_report/1d30_DCI]

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SOURCE Analysts' Corner

Contact: Joe Thomas, +1-310-496-8071 (North America)