On Thursday, Northrop Grumman Corporation (NYSE:NOC)’s shares inclined 0.75% to $169.86.
Northrop Grumman Corporation (NOC) was awarded a contract from Naval Air Systems Command to deliver its next-generation mission computer for Lot 12 of the Marine Corps’ H-1 helicopter upgrade program.
Under this contract, Northrop Grumman will provide FlightPro™ Gen III mission computers for the UH-1Y and AH‑1Z aircraft. These aircraft are expected to be the first to benefit from the latest model in the FlightPro™ product line. The period of performance for this Lot 12 contract is slated for October 2016 through October 2017.
The lightweight FlightPro™ Gen III mission computer integrates advanced mission, weapons and video processing capabilities into a conduction-cooled, high-performance airborne computer capable of driving four independent, multi-function displays.
Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems.
Cornerstone Planned Value Fund Inc. (NYSEMKT:CLM)’s shares dropped -4.24% to $18.98.
Cornerstone Total Return Fund, Inc. is traded on the LLC under the trading symbol “CRF”. The Fund’s investment adviser is Cornerstone Advisors, Inc., which also serves as the investment adviser to another closed-end fund, Cornerstone Planned Value Fund, Inc. (CLM).
Cornerstone Total Return Fund, Inc. declared that the subscription period for its rights offering to holders of the Fund’s common stock will commence on or about Friday, July 17, 2015.
The Fund is issuing to its stockholders non-transferable rights entitling the holders to subscribe for an aggregate of 1,513,549 shares of common stock. Each stockholder is to be issued one right for each whole share owned on the record date, July 17, 2015.
The rights entitle stockholders to acquire one share for each three rights held. The subscription period will commence on or about Friday, July 17, 2015, and will expire at 5:00 p.m., EDT, on Friday, August 14, 2015, (the “Expiration Date”) unless extended. The actual subscription price per share, as determined on the Expiration Date, will be the greater of (i) 107% of the net asset value per share as calculated at the close of trading on the Expiration Date or (ii) 90% of the market price per share at such time.
Cornerstone Planned Value Fund, Inc. (the Fund), is a closed-end, diversified administration investment company. The Fund invests in equity securities of companies listed in the United States. Cornerstone Planned Value Fund, Inc. invests in various sectors, which comprise financials, information technology, healthcare, consumer discretionary, industrials, consumer staples, energy, utilities, telecommunication services, materials and Exchange-Traded Funds and other sectors. Valuation and growth characteristics are considered for purposes of selecting potential investment securities.
At the end of Thursday’s trade, Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s shares dipped -0.42% to $658.44.
Chipotle Mexican Grill (CMG) will launch “Friend or Faux” – an integrated marketing campaign and interactive digital experience that invites consumers to learn about the differences between Chipotle’s ingredients and those commonly used to make fast food. The “Friend or Faux” game is optimized for mobile and desktop use, and will be accessible by visiting www.chipotle.com/friendorfaux. The campaign will be supported by extensive online advertising.
Chipotle Mexican Grill, Inc., together with its auxiliaries, develops and operates fast-casual and fresh Mexican food restaurants. As of April 21, 2015, it operated about 1,800 restaurants, counting 19 Chipotle restaurants and 10 ShopHouse Southeast Asian Kitchen restaurants.
Arista Networks Inc (NYSE:ANET), ended its Thursday’s trading session with 2.50% gain, and closed at $83.93.
Arista Networks, Inc. (ANET) will release its financial results for the quarter ended June 30, 2015 after U.S. markets close on Thursday, August 6th. The results will be comprised of in a press release with accompanying financial information that will be posted on the Investor Relations section of the Arista website at http://investors.arista.com.
Arista Networks, Inc. provides cloud networking solutions. The company offers extensible operating systems, a set of network applications, and Ethernet switches. It serves a range of industries, counting Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. Arista Networks, Inc. markets its products through direct sales force and channel partners, such as distributors, value-added resellers, systems integrators, and original equipment manufacturer partners.
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