Bloomberg News

Boeing, Lockheed Martin, MGIC, Orbitz: U.S. Equity Preview

By Inyoung Hwang
December 31, 2011

Dec. 30 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading on Jan 3. Stock symbols are in parentheses, and prices are as of 5:45 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in March fell 0.4 percent to 1,252.6.

Boeing Co. (BA US) rose 0.2 percent to $73.50. The planemaker beat Lockheed Martin Corp. (LMT US) to keep a $3.48 billion, seven-year contract for the primary U.S. shield against intercontinental ballistic missiles.

Lockheed Martin Corp. (LMT US): The world’s largest defense contractor received a $1.96 billion contract from the Pentagon to supply the United Arab Emirates with a missile defense system. The Bethesda, Maryland-based company also won a U.S. Army contract for $606 million to provide Taiwan with 2012 Patriot advanced capability production, including missiles and ground support.

MGIC Investment Corp. (MTG US) lost 2.1 percent to $3.65. The largest U.S. insurer of home loans put $200 million of capital into an underwriting subsidiary to continue writing new policies nationwide.

Orbitz Worldwide Inc. (OWW US): The online travel company agreed to a one-time payment to Travelport Ltd. of $3 million related to fees associated with an amendment to a credit facility.

--Editor: Stephen Kleege

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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