Here are several more stock briefings which could affect stocks in trading later today.
The following stocks should see some movement: Raytheon (NYSE:RTN), Travelers Cos. Inc (NYSE:TRV), MetLife (NYSE:MLG).
Here is a more detailed look at the news that will affect each company when trading continues.
General Dynamics has been awarded a $10 million contract by Raytheon (NYSE:RTN) Missile Systems.
Under the deal, General Dynamics will produce composite capsule launch system (CCLS) for the Tomahawk missile of Raytheon (NYSE:RTN).
The work will begin this month, with actual production expected to start from May 2011 onwards.
Jim Losse, vice president and general manager of advanced materials for General Dynamics Armament and Technical Products said, “We will continue to work with Raytheon (NYSE:RTN) to help provide the war fighter with a powerful tool to achieve a decisive advantage.”
Travelers Cos. Inc (NYSE:TRV)
Travelers Cos. (NYSE:TRV) has entered into a joint venture agreement with a Brazilian insurer.
The agreement has allowed Travelers Cos. (NYSE:TRV) to invest in J.Malucelli insurance company of Brazil.
Reports say that the US insurer will make an initial investment of $370 million in the common stock of J Malucelli Company with an option to increase its interest.
Jay Fishman, Chairman and CEO of Travelers (NYSE:TRV) said, “This is a very significant opportunity for Travelers to leverage its leading US surety franchise to enter the Brazilian market and to do so with a local market leader.”
MetLife (NYSE:MLG) has ranked among Newsweek’s Top 50 Green U.S. Companies.
According to the environmental rankings by the Newsweek magazine, MetLife (NYSE:MLG) is ranked number 49 overall of the 500 largest U.S. companies, the highest ranking life insurer on the list.
John Vazquez, vice president, vendor sourcing and corporate services & chief procurement officer of the company said that “We are honored to be recognized by Newsweek for our environmental stewardship and commitment to long-term sustainability.”
We could possibly see more movement when trading continues for Raytheon (NYSE:RTN), Travelers Cos. Inc (NYSE:TRV) and MetLife (NYSE:MLG).