Elbit Systems (Nasdaq:ESLT) awarded $90M contract from Israeli Ministry of Defense; GEO Group (NYSE:GEO), Alpha Natural Resources (NYSE:ANR)

Elbit Systems Ltd. (Nasdaq:ESLT) awarded $90M contract from Israeli Ministry of Defense. Elbit Systems announced that it was awarded an approximately $90M contract from the Israeli Ministry of Defense, IMOD, for the maintenance of the Israeli Air Force's, IAF, F-16 array's avionics systems. The project, to be performed over 11 years, will include the establishment of a new national maintenance center for the IAF's squadrons and bases. The closing for ESLT was $59.73 at the day’s end. It was a change of $1.01. ESLT saw a market cap of $2.55B and its Trailing P/E was 14.98.

 

The GEO Group, Inc. (NYSE:GEO) signs contracts with Federal Bureau of Prisons for continued management. The GEO Group announced hat it has signed contracts with the Federal Bureau of Prisons for the continuation of management at the Moshannon Valley Correctional Center in Pennsylvania and for the reactivation of the Great Plains Correctional Facility in Oklahoma. Under GEO's new ten-year contracts, inclusive of renewal options, with the BOP, the Facilities will house up to a combined 3,818 federal inmates and are expected to generate approximately $76M in combined annualized revenues . The closing for GEO was $40.36 at the day’s end. It was a change of $0.61. GEO saw a market cap of $2.96B and its Trailing P/E was 21.70.

 

Alpha Natural Resources, Inc. (NYSE:ANR) announces completed sale of Amfire Mining assets to Rosebud Mining. Alpha Natural announced that its subsidiary AMFIRE Mining Company, has completed the previously announced divestiture of substantially all of its assets to Rosebud Mining Company. The transaction included total consideration of approximately $86M, including $75M in cash and the assumption of certain liabilities. The assets, which include ten mines and four preparation plants and loadouts, are located in Cambria, Centre, Clearfield, Elk, Greene, Indiana and Somerset counties, Pennsylvania. ANR closed for the day at $1.67 with a change of $0.12. Trailing 12 month’s profit margin for ANR is -25.86% and for the same period, its operating margin is -15.51%.