Want to join the conversation?
Defense company $RTN said it has secured a $29.6MM contract from the US Air Force to install MXF-626K VHF Communications Systems on 178 C-130H Hercules aircraft. This upgrade ensures compliance of C-130 radios with newly adopted European Air Traffic Management requirements and is a designed form/fit and functional replacement for the ARC-186 radio.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."